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26min chapter
#473: Banks Without Bankers with Eric Yakes
TFTC: A Bitcoin Podcast
Creating a Neutral Monetary System with FEDIMENT and Lightning Network
In this chapter, the speakers discuss the possibility of creating a truly neutral monetary system by utilizing protocols like FEDIMENT and the Lightning Network. They explore the alignment of incentives, trust, and innovation within these protocols, drawing parallels to Bitcoin. They also discuss ideas on incentivizing proper systems, catching fraudulent transactions, and the potential of self-sovereign peer-to-peer competitors in the banking industry.
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