Amnon Samid is CEO of BitMint, a company that has been pioneering “quantum-safe” mobile payments and digital money. Samid has been researching central-bank digital currencies (CBDCs) for many years and believes most of these projects are on the wrong track. Why? Mainly because they rely on blockchain or distributed-ledger tech (DLT), which Samid says will soon be cryptographically compromised by the power of quantum computers. The rapid developments in artificial intelligence pose another threat. Samid is a passionate advocate for central banks to secure digital cash as token- or value-based digital representations, instead of designing systems that rely on traditional accounts as used by the commercial banking system. Timecodes: 0:00 – Amnon Samid, BitMint 1:46 – Pioneering mobile money, before bitcoin, before WeChat! 5:36 – Emergence of CBDCs, wrong turns, “pilots are pointless”, and account-based digital cash versus token-based 8:52 – Why central banks are pursuing account-based CBDC solutions 12:43 – Lessons from CBDC pilots, security risks, and why DLT/blockchain solutions are a mistake 16:49 – Why DLT correlates to security threats, and do central bankers grasp underlying use cases for digital cash 23:22 – How to think about programmability and the role of commercial banks 27:26 – If not DLT, then what? Creation, validation, privacy, identity 30:05 – Networks versus edge computing (phones) and public ledgers, and the security tradeoffs 35:38 – Useful features of digital cash 38:52 – Are central banks responding to the threat of quantum computing and AI to their financial systems?