

Banking for Bitcoiners with Bold with Zack Pardey | SLP669
9 snips Jun 26, 2025
Zach Pardey, CEO of Bold, dives into his journey from engineering to spearheading a Bitcoin-focused banking platform. He sheds light on the societal issues posed by fiat systems, especially in San Francisco, and how Bitcoin can counter these challenges. The conversation explores the integration of Bitcoin into mainstream banking, emphasizing the need for self-custody and financial education. Zach discusses Bold's unique offerings, including Bitcoin rewards, and the rise of Bitcoin treasury companies as a new institutional trend.
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San Francisco Decay Impact
- Zach observed significant societal decay in San Francisco, including homelessness and crime, during his time there.
- This experience illuminated for him how fiat money is linked to systemic societal problems.
Fiat Controls Society
- Fiat currency operates on macro and micro levels as a system of control and creates worsening social issues.
- Inflation and governmental misuse of funds erode public purchasing power and increase dependence on such systems.
Bitcoin as Fiat Antithesis
- Bitcoin counters fiat repression by preserving purchasing power and enabling open, unconfiscatable ownership.
- It challenges authoritarian financial control systems like China's social credit and proposed US CBDCs.