Creating the opportunity for anybody in the world to opt into the US dollar system with self-custody is maybe the single largest human rights upgrade we can make,

and by the way we'll systematically over time grind every single exploitative regime into dust

from a monetary perspective by giving people that option. Welcome to Bankless, where we explore the frontier of Internet money and Internet finance.

This is David Hoffman here with Ryan Ash Sean Adams and we're here to help the

US banking system get an upgrade so you, listener, can become more bankless.

Bankless listeners, do you remember the 2008 crisis?

Did it leave an impression upon your younger self?

Did it radicalize you against corrupt bankers and politicians?

Many of us on the bankless journey have found crypto as a reaction to the 2008 financial

crisis and the impression that it left us about money, finance, and banks.

Bitcoin, of course, was birthed in the wake of the 2008 crisis and has turned into not just a solution but also a

symbol for opting out of that system. But most people have not found this path and

despite the bankless tools that crypto has to offer the current US banking system is still structurally

the same as it was when the housing market crashed in 2008.

Inherent leverage in the system, normal middle American depositors, putting their savings into banks,

which then put that capital at risk, capture all the profit, and socialize all the losses.

Today on the show we have Austin Campbell, who presents a new way for the crypto industry to rebuild the financial system. the wage saver from being exposed to the risky choices being made by the world's

largest banks. Bitcoin allows you to escape from monetary disbasement but that

solution has only gone so far with protecting the world's financial system. Austin on the show today

presents a new mechanism for 2008 proofing our financial system and

protecting all users of the financial system from the risk that they did not sign up

for. Guys this has been one of my personal favorite episodes of the year.

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