On The Brink with Castle Island

Omid Malekan (Columbia Business School) on Private Money, Financial Systems, and Crypto in Geopolitics (EP.724)

Wyatt sits down with Omid Malekan, a Professor at Columbia Business School, author of several books, and "Explainer-in-Chief" of blockchain technology. In this episode, Wyatt and Omid discuss: Why do stablecoins carry a ...

2026-06-09

Episode notes

Wyatt sits down with Omid Malekan, a Professor at Columbia Business School, author of several books, and "Explainer-in-Chief" of blockchain technology. In this episode, Wyatt and Omid discuss:

  • Why do stablecoins carry a persisent sense of being "dangerous" or "ungovernable?
  • Are stablecoins truly private money? How do we define private money?
  • Who owns our current banking and payment systems?
  • Why do banks vocally oppose stablecoins?
  • Who will own and control digital money networks?
  • Are blockchains the right medium for digital finance over the long term?
  • Is digital trust a problem?