4min chapter

Swan Signal Live - A Bitcoin Show cover image

Jeff Booth & Troy Cross | the Bitcoin Transition | Swan Signal E98

Swan Signal Live - A Bitcoin Show

CHAPTER

Bitcoin Isn't Trusted Money

The Bank of International Settlements' Augustine Karstens said the battle has been won. A technology doesn't make for trusted money, only the legal, historical infrastructure behind central banks can give great credibility. The fact that he needs to declare victory reminded me of the George Bush trip to the middle, to the aircraft carrier. Bitcoin is just so happy to sit there, in this kind of dormant phase, as it has done for much of its life. It's like one of these viruses that hides in your body and then comes out and attacks when your immune system is vulnerable.

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