BREAKDOWN: How Bitcoin Can Help Break Cycles of Poverty

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4.7 • 698 Ratings

🗓️ 11 April 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A reading of an essay from University of Wyoming philosophy professor Bradley Rettler. This episode is sponsored by Nexo.io and this week’s special product launch, Exodus. This week’s edition of “Long Reads Sunday” features NLW reading Bradley Rettler’s “The Rich Get Richer, the Poor Get Bitcoin.” It is an argument that, far from being just a speculative tool for the already wealthy, bitcoin represents a disruptive force that can combat wealth inequality. - Nexo.io lets you borrow against your crypto at 5.9% APR, earn up to 12% on your idle assets, and exchange instantly between 75+ market pairs with the tap of a button. Get started at nexo.io. - Exodus empowers people to control their wealth through a safe and reliable non-custodial crypto wallet, placing the ownership of digital assets back into the user’s hands. Your keys, your crypto. Download Exodus today and learn more at exodus.com. - Image credit: Overearth/iStock/Getty Images Plus See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:40.8	Start your free 30-day trial at audible.com slash Wondery UK.
0:45.6	That's audible.com slash Wondery UK.
0:53.8	Welcome back to The Breakdown with me, NLW.
0:59.0	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
1:05.0	The breakdown is sponsored by nexus.io and Exodus, and produced and distributed by CoinDesk.
1:14.2	What's going on, guys? It is Sunday,
1:19.6	April 11th, and that means it's time for long reads Sunday. Now, I'm not going to give a long intro to today's piece. I will only say this. The deeper we get into this Bitcoin cycle,
1:25.4	the more that we're going to get questions about what Bitcoin
1:29.2	means for society. We're seeing that a lot in the context of energy consumption, but I think
1:34.4	we're likely to see it a lot in issues of wealth inequality that even outside Bitcoin are
1:38.9	driving so much of the global discourse. Today's Longreed Sunday selection is by Bradley Rettler, who you
1:45.2	may remember from my show on the philosophy of Bitcoin a few weeks ago. In March, he wrote a piece
1:50.8	called The Rich Get Richer, the Poor Get Bitcoin. Can Bitcoin solve wealth inequality? And I'm excited
	...

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