Once Bitten! A Bitcoin Podcast. cover image

@parkeralewis - Get Control Of Your Keys! #237

Once Bitten! A Bitcoin Podcast.

00:00

A, You Know, I Think It's a Symptom of a Long Decay of the Legacy Financial System

Banking system became so commoditized tat everybody forgot what that the people that deposited money with a bank were their first and most important ients. There is a lot of moral hazard where the bank is a profit centre, and they really don't care about the clients. And as we move into bit coin, he who controls the keys,. or he or she, controls the keys, makes the rules, and that that will aline incentives between any financial intermediary, because that alternative exists.

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