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Podcast: The Peter McCormack Show
Episode: Bitcoin: A Novel Economic Institution with Yassine Elmandjra - WBD264
Description: Location: Squadcast Date: Wednesday 23rd September Company: Ark Investment Management Role: Thematic Analyst Before the advent Bitcoin, financial systems operated based on trust. Central banks, government-issued fiat money and payment processors all rely on trusted third parties. Relying on trust-based systems leaves the user vulnerable to decisions that do not necessarily benefit them, from inflation of the money to supply to the censoring of transactions. Bitcoin changes this. With Bitcoin, there is a fixed supply and rigid monetary policy, and the rules of the system can't be changed at the...