Part 8/12:
The Paradigm Shift: From Institutional to Programmable Money
The speaker strongly advocates for the comparison between institutional money—which relies on layered, counterparty risk—and programmable money—which leverages Bitcoin’s minimalistic and edge-empowered trust model. Institutional financial systems depend on centralized, permissioned layers, making them slow, inflexible, and resistant to rapid change. All of their logic and trust assumptions reside in the middle, within the network of intermediaries.