
EP. 1: JACK DORSEY
Money Matters with Jack Mallers
00:00
The Origins and Ideals of Bitcoin: A Transparent Proof of Work System
Fiat has already been spent and entire companies grew out of that like Visa and MasterCard and all the banks/nSatoshi solved the problem of creating value and enabled people to prove their resources through visible source code/nThe Bitcoin community started small and grew over time/nSatoshi remained focused on code as policy and avoided leaning towards any political direction/nThe ideals of Austrian economics and libertarianism fit well with the transparent proof of work system of Bitcoin/nBitcoin is a tool that can potentially address various issues, such as those with the Fed and the military industrial complex/nThe shared policy and clear law of Bitcoin can be read and altered by anyone, offering an alternative to traditional systems
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