Chapter
The potential of cryptocurrency to alleviate centralized power and corruption
4:06:51 - 4:14:17 (07:25)
This podcast episode discusses the potential of cryptocurrency to push power to the people, alleviate suffering caused by centralized power, corruption, and automation. It also touches on the impact of cryptocurrency in the election system.
Clips
The possibility of Bitcoin becoming a recognized currency and traded on Forex exchanges could be a reality if it is approved as a legal currency in any country.
4:06:51 - 4:09:12 (02:20)
Summary
The possibility of Bitcoin becoming a recognized currency and traded on Forex exchanges could be a reality if it is approved as a legal currency in any country. El Salvador has made history as the first to approve Bitcoin as a legal tender.
ChapterThe potential of cryptocurrency to alleviate centralized power and corruption
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
While some politicians are pro blockchain, it's uncertain if they are fully aware of the potential for a loss of state power as the technology is implemented.
4:09:12 - 4:11:48 (02:36)
Summary
While some politicians are pro blockchain, it's uncertain if they are fully aware of the potential for a loss of state power as the technology is implemented. Government bans of cryptocurrency remain a concern.
ChapterThe potential of cryptocurrency to alleviate centralized power and corruption
Episode#192 – Charles Hoskinson: Cardano
PodcastLex Fridman Podcast
The decentralization of power offered by cryptocurrencies presents the potential to alleviate suffering caused by centralized power and corruption.
4:11:48 - 4:14:17 (02:28)
Summary
The decentralization of power offered by cryptocurrencies presents the potential to alleviate suffering caused by centralized power and corruption. However, the high cost of automating compliance and the challenges in creating a fair and balanced system remain obstacles.