Chapter
Bitcoin and the democratization of finance
49:56 - 55:09 (05:13)
Bitcoin providing access to anyone with an internet connection to a store of value and monitoring network, allowing opting out of the current system. It has the potential to become the main currency in the world due to its democratizing effect on finance.
Clips
The internet has broken down centralized hubs of information, giving access to anyone in the world with an internet connection to a store of value and a monitoring network that allows them to opt out of a system not working for them.
49:56 - 55:09 (05:13)
Bitcoin
Summary
The internet has broken down centralized hubs of information, giving access to anyone in the world with an internet connection to a store of value and a monitoring network that allows them to opt out of a system not working for them. This is making cryptocurrencies like Bitcoin a valuable market expanding technology, potentially becoming the main way of storing value in the world and overtaking dollar dominance.