The "What is Money?" Show cover image

Why Freedom Matters with Neil Oliver (WiM237)

The "What is Money?" Show

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The Human Spirit Will Reassert Itself

Bitcoin is a decentralised, peer-to-peer payment system. Bitcoin aims to be the world's first 'decentralized' bank that would allow users to pay for goods and services without being coerced into doing so. The idea of centralizing power in one place has been tried before by authoritarian regimes such as the Roman Empire or Soviet Union. But this time it will fail because there are 8 billion people on the planet who won't put up with totalitarian control says Satoshi Nakamoto.

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