#418: A First Principles Breakdown of the Monetary Crisis with Peter St Onge
TFTC: A Bitcoin Podcast
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Bitcoin and the Future of Banking
When we get on a Bitcoin standard, are we just going to recreate the banking system that has been erected over the last century after the Federal Reserve became a thing or what we do full reserve banking? I think either can be done with Bitcoin. Just like you know, you can have gold fractional reserve banking, right? The question simply becomes do politicians play ball? You know, they give them this exorbitant privilege of pretending that a dollar is actually $2 or that adollar is in more than one place.
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