This is Part 2 of a Two Part series on Blockchain, Crypto and Decentralized Finance (event notice for Part 1 is at: <a href="https://events.vtools.ieee.org/m/500636).

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This talk will discuss the implications of crypto, smart contracts, and stablecoins – with a particular emphasis on blockchain governance and stablecoin policy/governance <a href="http://issues.

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This talk begins with the essential elements of modern crypto (minus the technical rigor of Part One): public permissionless blockchains, immutable distributed ledger technology, cryptocurrency, smart contracts, stablecoins, <a href="http://etc.

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Crypto”>etc.

Crypto blockchain governance shapes the purposes/uses to which the crypto is targeted. Bitcoin’s governance minimizes code changes from present operation/function in order to maintain its primary use today as a proxy for “digital gold.” This is in contrast to transaction speed/volume, smart contract enhancements, and tokenization capability implemented into other crypto that target traditional financial settlement (Visa, MC, Venmo, PayPal, SWIFT, etc.). The so-called “Layer-Two blockchains” and “Channels” that also target transactional speed and cost of crypto-based transactions will also be <a href="http://discussed.

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Investment”>discussed.

Investment in crypto will be presented at a high level by examining issues such as crypto supply creation/destruction, characterization of crypto as “a currency” vs. “a money” or “a commodity,” the benefits of “staking crypto” from the perspective of investors and blockchain operators, the economics of owning/running a cryptocurrency element (e.g., a Bitcoin miner vs. an Ethereum validator), and <a href="http://more.

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Lastly, with the recent passage of the GENIUS Act, stablecoins (crypto pegged to fiat) have the potential to increase crypto acceptance by providing an on-ramp to Layer-One crypto, to provide an alternative to cross-nation settlements, to aid in anti-money laundering efforts, and <a href="http://more.

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As the investment thesis for crypto ownership, crypto applications, and crypto business cases (BitMine, “The Ethereum Machine,” etc.) is moving/changing rapidly, nothing presented in this talk should be taken as investment advice (rather, only the opinion of the presenter).

This is a hybrid, approximately 90 minute talk; physical location is in this notice and remote participation via MSFT Teams is provided below in this event <a href="http://notice.

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A lengthy Q&A period will be provided for those participants remaining after the ~90 minute <a href="http://lecture.

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Speaker(s): Michael

16313 North Dale Mabry Hwy, Tampa, Florida, United States, 33618, Virtual: https://events.vtools.ieee.org/m/500639