.@chamath: “I think central banks will realize that there are limitations to gold and limitations to Bitcoin, and will, as a result, seek out a completely new cryptographic paradigm that they can control on their balance sheet - one that is fungible, tradable, and completely secure and private. I think the reason why that privacy needs to exist is that, for the sovereignty of a country, you need to be in a position where you have assets that are not easily disclosed to anybody else - friends or enemies alike. Separately, from a cryptographic perspective, if you’re going to own a currency, you need to hedge against the eventual risk in the next five to ten years that there’s a quantum chip that can challenge the existing cryptographic schemes that are used.”