The Irony Of Elizabeth Warren’s Struggle On Bitcoin

Elizabeth Warren can’t see that Bitcoin is a lifeboat from the predatory banking practices she advocates in opposition to.

Elizabeth Warren can’t see that Bitcoin is a lifeboat from the predatory banking practices she advocates in opposition to.

It is a transcribed excerpt of the “Bitcoin Journal Podcast,” hosted by P and Q. On this episode, the hosts are joined by Margo Paez, a local weather change physicist and fellow on the Bitcoin Coverage Institute who advocates for Bitcoin from a progressive mindset.

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Hear To The Episode Right here:

Q: I simply wish to provide the alternative to talk on to Elizabeth Warren… Say precisely what you hope to say to her to… change her thoughts [on Bitcoin].

Margot Paez: Elizabeth Warren actually would not perceive Bitcoin, that is for positive. I discover it actually ironic that Elizabeth Warren was once a champion of the individuals in opposition to the banking system, in opposition to Wells Fargo, in opposition to Chase, in opposition to HSBC, in opposition to all of those firms that took benefit of individuals throughout the monetary disaster.

And he or she was once an advocate. And in reality, I’ve heard her even over the pandemic, she was actually crucial of the quantity of banking charges that had been being placed on individuals throughout the pandemic. And he or she was proper…Why are you charging individuals all these charges simply to carry their cash in your checking account once they, once more, haven’t any alternative however to place it in your checking account, proper?

Once more, it is one other a type of oligopoly conditions the place you do not have the liberty of alternative by way of banking.

So, I might problem her to suppose like, what actually is the answer that you really want? How do you actually wanna resolve this downside? As a result of there may be an present resolution, it is referred to as Bitcoin, and it is one the place individuals can truly exit the prevailing banking system, take custody of their very own cash and never fear about charges, not fear about banks profiting from them as a result of it’s their cash they usually’re managing it themselves or they’re managing it of their group…

You need group banks? You’ll be able to have a group financial institution with Bitcoin… These are the options that I assumed Elizabeth Warren wished [but] evidently she doesn’t actually wish to assist individuals…

In the end … Bitcoin is a lifeboat. And what’s flawed with individuals having a lifeboat?

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