Vigna: Bitcoin diffuses centralized financial power across broader society
Paul Vigna · a16z Podcast | The Five Stages of Bitcoin -- Disdain, Dismissal, Curiosity, Oh F**k!, and Acceptance · Jan 2, 2019 · at 15:27
Paul Vigna, Wall Street Journal reporter and co-author of The Age of Cryptocurrency, explains how Bitcoin's decentralized structure challenges concentrated power in banking centers.
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“What I think Bitcoin can do is take that power of the currency and diffuse it. A decentralized system where people really can be their own bank if you want to, or you can use a certain, you know, it takes that concentrated power and it diffuses it among the broader society.”
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