AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Relationship between Bitcoin, Money and Trust with Omid Malekan
The James Altucher Show
How to Reduce the Risk of Money
4min Snip
00:00
Summary
Transcript
Episode notes
Money is basically just the mechanism by which contracts are not enforced, but executed. So you need these gigantic trillion dollar, multi trillon quadrillion dollar institutions to basically have money. All this is just set up so that i could buy a pair of shoes from you. That's how most tex work. They might use cloud technology, m and a i and some other digital services, but the architecture is exactly the same. What's interesting about a lot of different block chain applications for money and payments and defy and everything, is that this is a digialy native architecture. It's just a more sensible way to build trust in a world where everybody has a smart phone and everything runs
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode