Part 8/16:
He elaborates that bitcoin is a platform, not merely a currency. As an open, permissionless network, anyone can connect, create applications, and innovate without requesting approval. This openness fosters a wave of entrepreneurial activity—building new financial services, exchange platforms, and tools—often incompatible with the restricted, permission-based models of traditional banking.
The Future of Banking and Innovation
Andreas predicts that banking, traditionally a heavily regulated and proprietary industry, will be fundamentally disrupted by bitcoin. Incumbent players tend to dismiss these disruptive technologies at first—comparing Bitcoin to a "lemonade stand" trying to compete with Walmart—yet they eventually realize its potential, often too late.