1 year ago
Elizabeth Warren can’t spot that Bitcoin is simply a lifeboat from the predatory banking practices she advocates against.
This is simply a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, the hosts are joined by Margo Paez, a clime alteration physicist and chap astatine the Bitcoin Policy Institute who advocates for Bitcoin from a progressive mindset.
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Q: I conscionable privation to springiness you the accidental to talk straight to Elizabeth Warren… Say precisely what you anticipation to accidental to her to… alteration her caput [on Bitcoin].
Margot Paez: Elizabeth Warren truly doesn't recognize Bitcoin, that's for sure. I find it truly ironic that Elizabeth Warren utilized to beryllium a champion of the radical against the banking system, against Wells Fargo, against Chase, against HSBC, against each of these companies that took vantage of radical during the fiscal crisis.
And she utilized to beryllium an advocate. And successful fact, I've heard her adjacent implicit the pandemic, she was truly captious of the magnitude of banking fees that were being enactment connected radical during the pandemic. And she was right...Why are you charging radical each these fees conscionable to clasp their wealth successful your slope relationship erstwhile they, again, person nary prime but to enactment it successful your slope account, right?
Again, it's different 1 of those oligopoly situations wherever you don't person the state of prime successful presumption of banking.
So, I would situation her to deliberation like, what truly is the solution that you want? How bash you truly wanna lick this problem? Because determination is an existing solution, it's called Bitcoin, and it's 1 wherever radical tin really exit the existing banking system, instrumentality custody of their ain wealth and not interest astir fees, not interest astir banks taking vantage of them due to the fact that it’s their wealth and they’re managing it themselves oregon they’re managing it successful their community…
You privation assemblage banks? You tin person a assemblage slope with Bitcoin… These are the solutions that I thought Elizabeth Warren wanted [but] it seems that she doesn’t truly privation to assistance people…
Ultimately … Bitcoin is simply a lifeboat. And what’s incorrect with radical having a lifeboat?
English (US) 