Blockware Podcast cover image

Bitcoin is a Black Hole to the Global Banking System w/ Peter Dunworth

Blockware Podcast

00:00

Bitcoin: A Currency or a Property?

I get that banks need really great collateral to basically create money or issue credit into the system but I have a difficult time right now understanding how Bitcoin works. If you deposit your Bitcoin into the bank it is no longer your asset that is the bank's asset and they have an obligationA liability to you to give you that Bitcoin back now. We don't know anyone who would be willing to do that in the near future based on what we've seen with Celsius and BlockFi blowing up. Use code blockware 15 for 15% off the entire website this expires at the end of May so go to stamp seed dot com today  it doesn't make any sense does it that's the that

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app