Chapter
The impact of inflation on the poor and digital currency
12:16 - 17:35 (05:19)
The poorest people in society are hit the hardest by inflation as they tend to hold their wealth in cash, unlike the wealthy who can invest in assets that adjust to inflation. Adoption of digital currency can serve as a tool to combat inflation for the poor, while also benefiting small business owners with quicker and more efficient payment transactions.
Clips
The speaker talks about offering featured profiles as a way to come up first in search results at $10 a month after struggling for years to get anything to work.
12:16 - 13:27 (01:10)
Summary
The speaker talks about offering featured profiles as a way to come up first in search results at $10 a month after struggling for years to get anything to work.
ChapterThe impact of inflation on the poor and digital currency
EpisodeE161: Coinbase Founder: The Crazy Journey Of Building A $100 Billion Company: Brian Armstrong
PodcastThe Diary Of A CEO with Steven Bartlett
The process of setting up credit card processing and distributing payments as a marketplace was one of the hardest challenges faced by the speaker.
13:27 - 15:16 (01:49)
Summary
The process of setting up credit card processing and distributing payments as a marketplace was one of the hardest challenges faced by the speaker. This experience gave insight into the broken payment system that could be fixed with Bitcoin.
ChapterThe impact of inflation on the poor and digital currency
EpisodeE161: Coinbase Founder: The Crazy Journey Of Building A $100 Billion Company: Brian Armstrong
PodcastThe Diary Of A CEO with Steven Bartlett
The poorest people in society are the ones who suffer the most when it comes to inflation.
15:16 - 17:35 (02:18)
Summary
The poorest people in society are the ones who suffer the most when it comes to inflation. Wealthy people can protect themselves by investing in assets like real estate and Bitcoin, but the poor often hold their wealth in cash which loses value over time.