Part 12/15:
The participants examine what uniquely sets Bitcoin apart from traditional or digital forms of money like gold or bank deposits. Matt notes Bitcoin’s permissionless, distributed ledger is akin to open protocols like email—anyone can participate, innovate, and challenge incumbent institutions.
He contrasts this with centralized, trust-based systems that are vulnerable to censorship, manipulation, or coercion. The resilience of Bitcoin’s network—especially its resistance to state shutdown—makes it a “checks and balances” for monetary sovereignty and individual liberty.