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Will Bitcoin End Central Banking? with Eric Yakes - WBD462

The Peter McCormack Show

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The Future of Banking without Central Authority

This chapter examines the viability of a decentralized banking system, exploring historical free banking models and the role of private banks in issuing their own currencies. It discusses Bitcoin's potential to reshape traditional banking, the complexities of a mixed currency system, and the political and economic implications of diminishing central banking authority. The conversation also highlights the challenges of conveying Bitcoin's value to a general audience rooted in libertarian principles amidst ongoing global curiosity about adopting decentralized currencies.

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