Bitcoin v The Banks with Simon Dixon & Bill Barhydt - WBD334
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 14 April 2021
⏱️ 86 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Tuesday 13th April Company: BankToTheFuture, Abra Role: Co-Founder, CEO
The banking system is a regulated Ponzi scheme driven by leverage and debt with onerous rules and powerful gatekeepers. When you are in the system, you are a slave to it, and worse still, the banks can freeze your payments and shut down your accounts.
Simon Dixon envisions a future where we aren't beholden to deputized authoritarian institutions to move and store our money; he thinks we can achieve it by plugging decentralized and centralized systems together. And Bill Barhydt is helping build that future.
While Bitcoin is a savings based economy that may help rid us from a world drowning in debt, there are still questions about how people with one foot in the old system, and another foot in the future, will make the transition while maintaining their privacy. While many promising solutions are in development, it's not clear exactly how we will be borrowing, transacting, and securing our wealth.
In this interview, I talk to Simon Dixon, the Co-Founder of BankToTheFuture and Abra CEO Bill Barhydt. We discuss the legacy banking system, the fight for privacy, and the future of banking in a bitcoin world.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | I'm just truly blessed to be able to be involved in the disruption of the entire |
| 0:08.9 | financial system one product at time and eventually Peter can just say fuck the banks. |
| 0:16.0 | Hello there from Bedford in the United Kingdom, the global centre of |
| 0:20.5 | Bitcoin Media. How are you all doing? What a week right. Bitcoin just |
| 0:26.2 | set another all-time high over $64,000. We also have the coin-based today. I'm expecting fireworks. Crazy stuff. |
| 0:35.8 | 70K come in maybe 80K 100K. Who knows? Crazy stuff right? |
| 0:41.3 | Congratulations to all you hodlers out there. Those of you |
| 0:44.5 | stuck it through that horrible bear market. Making good returns. I'm proud of you all. |
| 0:48.4 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by Gemini who I am now exclusively |
| 0:54.8 | using for buying Bitcoin. I'm your host Peter McCormack and today I've got a massive show with |
| 0:59.0 | Simon Dixon and Bill Barhide discussing how Bitcoin is disrupting the banks but before that I do have a message from my show sponsors |
| 1:07.0 | Okay first up today we have ledger and I've just got off a interview with Pascal and Matt fromger where I've been answering all your questions |
| 1:15.5 | following their sponsorship people have had questions regarding Ledger following their |
| 1:19.6 | hack things that they've been doing put in place that's to be out very soon they answered every question which was pretty amazing now listen I have been a customer of ledgers since 2017 I'm still a customer now I'm using the same nanos I bought back then. Big fan of the product I am. I think the |
| 1:35.6 | UX is great. I think they've perfected it for new users and also I love Ledger Live just |
| 1:39.9 | an easy way for managing your Bitcoin. Now also if you're an Android user you can |
| 1:44.5 | connect your nanos to manage your Bitcoin on the go and if you want to find out more just |
| 1:48.9 | head over to ledger.com which is LEDGR.comD-G-E-R-D-E-R-D-G-E-R-G-E-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-T-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O-O using the product for a couple of weeks now. I love it. They've absolutely |
| 2:04.2 | crushed the UX and UX is always important to me. I'm always going on about it. I'm |
| 2:08.5 | mainly using the app but I have been using the desktop website as well but the |
| 2:11.5 | app I've been using it to set up my DCA which is a twice |
| 2:15.3 | monthly purchase of Bitcoin which is very cool but also I've been dipping in I'm |
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