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#171 – Anthony Pompliano: Bitcoin
Lex Fridman Podcast
Cold Storage, Hot Storage, What Is That?
In the legacy system, you have to trust that your bank doesn't go under. The same thing is true in Bitcoin. There's three stages of security that you could have in the traditional world. If all of a sudden you call me up and say, Hey, send me some money,. I can press a couple buttons on my computer and it'll send it to you. You can do it on cash app. It's not going to be as easy to sending it to you immediately, but if I really want to, I can go underneath my mattress pretty quickly.
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