Part 3/15:
- The idea that Bitcoin and blockchain will dismantle traditional banking and central banks within a decade, an overly simplistic and naive prediction.
He described these as "absurd," "simple-minded," and "erroneous." Instead, he presented Bitcoin as part of a complex, nuanced evolution in our understanding of money, trust, and organizational power.
He emphasized that Bitcoin represents a reimagining of what money is, how it derives value, and how trust is established in a digitally interconnected world. This paradigm shift enables a move away from hierarchical, centralized institutions towards decentralized, network-based systems—not necessarily to replace existing systems but to democratize access and challenge traditional authority structures.