The currency we have is a hundred dollar bill to make it difficult to move large amounts of money for nefarious purposes. The reality is you can move millions of dollars in seconds. Bitcoin itself, think of it as basically a base layer monetary system that for the first time requires no banks, no government, no trusted third party. It's being able to move things very rapidly any place around the planet for effectively frictionless very little cost.
In this episode, Bill and Peter discuss the basics of crypto, how to get involved in the crypto world, and how the banking system will evolve.
You will learn about:
- 21:09 | The 101 of Cryptocurrency
- 50:51 | Building Confidence In A System That Is Fully On The Internet.
- 1:20:17 | What Will Be The Tipping Point When Crypto Takes Over?
Bill Barhydt is the founder and CEO of Abra, an all-in-one mobile wallet that allows its customers to buy, sell, trade, store, and borrow cryptocurrency. Barhydt is a serial entrepreneur who has worked with NASA, the CIA, and Goldman Sachs.
Learn more about Abra.
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