WiM053 - The Saylor Series | Episode 13 | Bitcoin is Cybernetic Life
The "What is Money?" Show
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Having a Human Resources Department in a Bank
In bit coin, the security is intrinsic to the network. It's basically built into the protocol. And then we get to facilitiesat tha, the fod bank has to go and have a facility the middle of new york city. But if you're running a miner and you don't pay your electricity bill, you get pushed off the network. So the network is self healing, self sealing, self up grading. In the bicoin world, whereas in the fiat banking world, it requires human intervention to do all these things. Oh, complicated. We're doing it. What's the next step? While security in a real bank, i've got to have security professionals.
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