Dr Sam Wylie

It's not all about money.

Well, look, there's a lot of dimensions to that.

So let me try and tick off a few without attempting to... It'll take up the rest of the show for me to try and say... I'll try not to say too much.

Let me start off with cryptocurrencies because you mentioned that, Owen.

So...

We were talking about the supply of money being controlled by the central bank.

In Australia, the central bank is the Reserve Bank.

In the UK, it's the Bank of England.

In Europe, it's the European Central Bank, the Bank of Japan, the People's Bank of China, the Reserve Bank of India, the US Federal Reserve Bank.

In every currency,

We could say every country, but it's really every currency.

In Europe, you've got lots of countries, but they've only got one currency in the Eurozone.

In every currency, you've got the central bank who controls the supply of money.

They don't want to lose control of that.

And cryptocurrency represents a creation of new currency that's outside the central bank's control.

Now, people should remember that central banks and central governments won't put up with that forever.

I mean, for one thing, central governments, like the Australian government, the US government, the European government, then when they create new money, when you take a sheet of plastic

and print it up into 50s or 100s, print it up into 50s and then chop it up.

And now you've got all those pineapples, all those $50 notes.

Who gets the value of turning a sheet of plastic into $50 notes?