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SLP387 Tuur Demeester - How Does The Panic of 1907 Relate to Bitcoin?

Stephan Livera Podcast

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Bicoin Bear Market

Stephen: "I feel really good about this. Like this is like creative destruction at work" He says he was surprised by the amount of leverage that had built up in the bitcoin system. But there are no too big tapals like mangax, which custodied a seven per cent of all bekon in circulation and survived just fine. In general, you stick with what you know; if you've been in te space for a while,like, thereare certain companies you know and trust - so there's luck. We also chat a little bit about full reserve banking models as contrasted to fractional reserve banking.

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