SLP402 Pierre Rochard - Bitcoin Obsoletes Fractional Reserve Banking
Stephan Livera Podcast
00:00
The Future of Cryptocurrency Is in the Fidutiary Media
We still haven't seen any kind of emergence of fudutiary media for bi coin, in the sense of saying, hey, these are blackfit b t c. And i would argue that the reason we haven't seen the emergence of money substitutes for bioin is because bioin remains very and very secure. I think it's going to be really tough for fedutiary media or money substitutes to compete against bit coin at a payment level due to the network s.
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