Read_716 - How to Fix Banking & Money - PBDC vs CBDC [El Gato]
"and the uniparty is in strong agreement here. both know that losing control of the money and the banks is an existential threat to their aristocratic and unaccountable powers.
sure, this all sounds like a lot of change and a lot of risk and a wildly new set of systems, but you’re not going to fix that which has become this broken without change. the mal and mis-incentives are far too great and the entrenched interests like it this way. and it’s going to break." - El Gato
Today we dive into a piece that expands a thought experiment on what a free banking system might look like and what historical precedent we have for thinking about the what and why of the banking and financial system we will need to replace the one on its deathbed... especially to ensure we don't die with it. Funny enough, the article is in a sense against Bitcoin in the sense of its need for fixing the baking system, but we will discuss in a follow up Guy's Take exactly why his idea has a lot of value, but why it will never work, without Bitcoin. Stay tuned.
Check out the original article and tons of other great reading on the substack below:
https://boriquagato.substack.com/p/how-to-fix-banking-and-money-pbdc
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget to check out our amazing sponsors:
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
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"I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money."
— Thomas Sowell
Learn more about your ad choices. Visit megaphone.fm/adchoices
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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
sure, this all sounds like a lot of change and a lot of risk and a wildly new set of systems, but you’re not going to fix that which has become this broken without change. the mal and mis-incentives are far too great and the entrenched interests like it this way. and it’s going to break." - El Gato
Today we dive into a piece that expands a thought experiment on what a free banking system might look like and what historical precedent we have for thinking about the what and why of the banking and financial system we will need to replace the one on its deathbed... especially to ensure we don't die with it. Funny enough, the article is in a sense against Bitcoin in the sense of its need for fixing the baking system, but we will discuss in a follow up Guy's Take exactly why his idea has a lot of value, but why it will never work, without Bitcoin. Stay tuned.
Check out the original article and tons of other great reading on the substack below:
https://boriquagato.substack.com/p/how-to-fix-banking-and-money-pbdc
Guy's Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
Don't forget to check out our amazing sponsors:
• The Swan IRA is live! Follow the link to find out how to get your tax free retirement funds, securely allocated to Bitcoin! The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy)
• Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://bitcoinaudible.com/fold)
• Dive into the Bitcoin only wallet, the cypherpunk calculator, with the NEW Coldcard Q1! A company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off the ColdCard! (https://bitcoinaudible.com/coldcard)
-------------------------------
"I have never understood why it is "greed" to want to keep the money you have earned but not greed to want to take somebody else's money."
— Thomas Sowell
Learn more about your ad choices. Visit megaphone.fm/adchoices
---
Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
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