19min chapter

The Peter McCormack Show cover image

Bitcoin Fixes Capitalism with Allen Farrington - PMQ004

The Peter McCormack Show

CHAPTER

Capitalism and Bitcoin: A Financial Revolution

This chapter examines the evolution of capitalism in the context of a potential transition to a Bitcoin standard, contrasting it with the current fiat system. The discussion highlights the implications of self-custody, the disintermediation of finance, and how Bitcoin fosters a savings-oriented capitalistic behavior. Through nuanced discussions of credit, risk, and the historical context of banking, the speakers explore how Bitcoin could reshape financial practices and personal money management.

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