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#1142 Michael Shellenberger | Bitcoin Debate

The Pomp Podcast

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The Credit Card Is Not an Asset, Right?

Bitcoin and other digital assets are more secure than having your money in a bank, says Massari. But the credit card is not an asset, right? The credit card is you're spending someone else's money; it's not actually more secure. Neither Bitcoin nor any digital asset system offers greater security outside of some frankly outlandish political scenario like Cypriot banks went bankrupt during 2008 financial crisis.

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