2min chapter

The "What is Money?" Show cover image

Bitcoin Fixes The Great Reset? with Chris Sullivan (WiM171)

The "What is Money?" Show

CHAPTER

Is There a Systemic Risk?

If you and i own those shares, why do we need them be held by an intermediary? If we hold em on our our ap, our wallet, if theyare tokenized on our wallet, but in our schwab orr t d or our mei, whatever accounts they're held on behalf of that. Why does that exist? In one part, to take fees on fees on fees that they don't disclose as fees because lawyers made it constructed as a way where only investet management fees,. These aren't commissions, they're processing fees. So oure paying more than you did when you were paying a stockbroker in the eighties, yes, but you have

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode