In this podcast episode, Nicole Ven and Shawn explore the concept of Bitcoin as a public decentralized payment network and its advantages over traditional banking systems. They discuss how Bitcoin enables low-cost international transactions, eliminates the need for intermediaries like banks, and provides a financial infrastructure that is resistant to censorship and inclusive.
The conversation also touches on the issue of frozen bank accounts and the potential for governments to manipulate traditional currencies. The importance of understanding money is emphasized, with Bitcoin being seen as a form of sound money that could potentially become the next reserve currency.
However, the speakers also express concerns about the invasion of privacy and control that may arise from the development of digital currencies controlled by central banks. To gain a deeper understanding of Bitcoin, they recommend studying it through books, the Bitcoin white paper, and a film dedicated to the subject.
TIMESTAMPS
Bitcoin as a Public Decentralized Payment Network (00:00:06)
Low-Cost International Transactions (00:02:19)
Bitcoin as a Censorship-Resistant and Inclusive Financial Infrastructure (00:04:32)
The Concept of Fractional Reserve Banking (00:08:47)
Bitcoin's Divisibility and Smaller Denomination (00:10:40)
Decentralization and the Resilience of Bitcoin (00:16:36)
The Concept of Money (00:17:37)
Sound Money vs. Unsound Money (00:19:08)
Bitcoin as a Stronger Currency (00:21:05)
The Invasion of Privacy and Control Over Digital Currency (00:27:11)
The Potential Disappearance of Cash and the Rise of Digital Currency (00:30:29)
The Importance of Sound Money and the Consequences of Unsound Money (00:32:13)
The Cost of Living and Devaluation of Wealth (00:36:02)
Optimism and Studying Bitcoin (00:36:37)
Resources for Learning About Bitcoin (00:37:03)
Get the full show notes: https://www.nicoleven.com/can-bitcoin-be-the-future-of-money/
Resources:
Podsqueeze 10% off use code NICOLE
Get 15% Riverside FM Subscription + use code NICOLE15
Connect with Nicole Ven:
DISCLAIMER
This video is for informational purposes only, you should not construe any such information as investment, financial, or other advice.
This video does not address the circumstances of any particular individual or entity. Nothing in this video constitutes professional and/or financial advice. You alone assume the sole responsibility of evaluating the risks associated with the use of any information before making any decisions.
There are risks associated with investing in Investing in stocks, digital currency and money market funds involve risk of loss.
