What Bitcoin Did

How The Financial System Controls Governments | Simon Dixon

48 snips
Jan 5, 2026
Simon Dixon, a monetary reform advocate and early Bitcoin investor, dives deep into the intricacies of banking and power dynamics. He argues that modern capitalism is a trap, with fractional-reserve banking as a Ponzi scheme. They explore Bitcoin's resilience while acknowledging ongoing threats from corporate centralization and Wall Street. Simon highlights the importance of self-custody in protecting Bitcoin's integrity. He also connects the dots between geopolitics, financial interests, and historical banking structures, offering practical resistance strategies for individuals.
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INSIGHT

Banks Create Money Through Debt

  • Modern banking creates money via loans, making fiat a debt-based Ponzi scheme.
  • Simon Dixon argues this structure guarantees recurring bankruptcies for people, corporations, and governments.
ANECDOTE

Failed Full‑Reserve Bank Attempt

  • Simon tried to build a full-reserve bank but the Bank of England blocked it unless built on top of an existing bank.
  • He recruited the Metro Bank team but was forced into a compromise that preserved fractional reserve practices.
ANECDOTE

From Monetary Reform To Bitcoin Investor

  • After discovering Bitcoin in 2010, Simon bought at low prices and pivoted Bank to the Future into equity crowdfunding.
  • He helped early funding rounds for Coinbase, Kraken, Bitfinex and other major companies.
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