
SLP356 Bitcoin: An Upgrade to 700 Year Old Accounting Tech
Stephan Livera Podcast
00:00
The Byzantine General Problem
There's never been a manner in which two people can conduct business over geographic space and time. You can transact anywhere on the globe with nobody being able to stop you. So what does bitcoin do? Well, it provides private property to eight billion people,. It provides banking to eightbillion people on the planet earth. Both of those are massively important. They fix a lot of problems. And as we're seeing every day all over the world, there are going to be legacy institutions that don't like this because now they don't get to control everybody within their borders.
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