0
0
Podcast

Is Crypto a Scam? with Crypto Skeptic Patrick McKenzie

Debunking crypto's flaws
0
0
Mar 21, 2024 • 1 min read

Why do banks have holidays? Should we redesign the banking system? Is there a future for crypto?

Today we’re joined by Patrick McKenzie, an advisor at Stripe who writes about the modern financial system helps us answer these exact questions.

First, we talk about the inner workings of the existing banking system. Then we get into crypto, where Patrick shares his reasons for skepticism.

TIMESTAMPS

0:00 Intro

6:35 Patrick’s Background

9:48 Banking System Evolution

20:09 Banking Holidays

26:44 Financial System Redesign 

40:12 Transactional Freedom Trade-offs

1:03:39 Crypto Slogans

1:11:36 Crypto Predictions

1:21:42 Closing Thoughts

RESOURCES

Patrick McKenzie

https://twitter.com/patio11

Check Out Patrick’s Blog 

https://www.bitsaboutmoney.com/

Molly White Episode

https://www.youtube.com/watch?v=y9Itd3g23QI

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

Are you sure you want
to log out?
You'll lose access to your Bankless account until you log back in again. Oh and also, we'll miss you too much! 😢
Cancel
Continue
Account Light mode Log Out