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Basics_01: Intro to Bitcoin
Blue Collar Bitcoin
What's Happening With Zero Bitcoin?
The FTX debacle is just a repeat of the fractional reserve system that we have in society today. There's not enough assets to back those customers withdrawing their money. And so I think that what Bitcoin does is keeps people honest because when you have a system whereby you can request to self custody, you can take personal ownership of your Bitcoin in your house. All of a sudden, it also means that these companies are going to slowly over time recognize, hey, I cannot expose myself to the risk of fractionalizing my reserves. Yeah.
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