Could Cryptocurrencies Replace Cash? Challenges, Perspectives, Trends (February 2022) Conference talk by Dr. Svetlin Nakov.

1. Dev Talks
Could Cryptocurrencies
Replace Cash?
Challenges,
Perspectives,
Trends
Svetlin Nakov, PhD
https://softuni.org

2. Svetlin Nakov, PhD
Co-founder of SoftUni
https://softuni.org
👉 Software engineer, tech trainer, entrepreneur,
inspirer, PhD, author of 15+ technical books
👉 3 successful tech educational
initiatives (300,000+ students)
👉 Advisor in crypto projects:

3. Svetlin Nakov @ YouTube
YouTube.com/c/CodeWithNakov

4. Cryptocurrencies
▪ Decentralized (uncontrolled)
▪ Censorship resistant
▪ Hard to track
▪ Store of value / investments
▪ Volatile in price
▪ Risk of hacks
Fiat Money
▪ Centralized control
(governments)
▪ Easy to track
▪ Means of payment
(exchange of value)
▪ Stable price
▪ Safe of hacks
Cryptocurrencies vs. Fiat Money

5. Digital Money
▪ Centralized
▪ Traceable
▪ Means of payment
▪ Transfers are under control
Cryptocurrencies
▪ Decentralized
▪ Hard to track
▪ Not designed for payments
▪ Uncontrolled transfers
for payments, banks, governments for investments, DeFi, NFT
Crypto Wallets
▪ Wallets may combine debit cards + crypto to provide crypto payments
Digital Money ≠ Cryptocurrencies

6. Crypto will
co-exist with
fiat money!
Payments will
stay centralized

7. DeFi Today
▪ Liquidity pools
▪ Stable coins
▪ Decentralized exchanges (DEX)
▪ Decentralized loans
(lending / borrowing)
▪ DeFi derivatives
(synthetic assets)
▪ Decentralized insurance
▪ NFTs
DeFi in the Future
▪ Wider adoption of DeFi
in the financial industry
▪ DeFi to replace ETFs, mutual
funds, hedge funds, etc.
▪ All sources of value will be
tokenized to enter DeFi
▪ DeFi mortgages
(real estate as collateral)
▪ DeFi car loans
(vehicle as collateral)
DeFi is Here to Stay!

8. ▪ Benefits of NFT
▪ NTFs represent on-chain the
ownership of physical assets
▪ Allow trading traditionally non-
tradeable assets (e.g. game items
or metaverse real estate)
▪ Easy to transfer / trade
▪ Royalties for the creator at each
NTF sale
▪ Hosted on-chain (open to anyone
& decentralized)
▪ NFT Challenges
▪ What is the real value behind an
NTF asset?
▪ Just a collectible item?
▪ Or a real-world asset?
▪ How the value is guaranteed?
▪ The hype tends to overestimate
the real value
▪ Non-liquid and volatile in price
▪ Risk of hacks
NFTs: Mix of Real Value + Hype

9. DeFi and NFT
will co-exist with
the traditional
finances

10. ▶️ https://youtube.com/c/CodeWithNakov
💬 https://linkedin.com/in/nakov
👉 https://nakov.com
Questions?

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