190 - Why ECB Hates Bitcoin

Compliance That Makes Sense

In a paper released a few days ago (October 2024) two senior officials from the ECB outlined why they believe Bitcoin is dangerous, creates inequality, and is a threat to democracy. In this episode, I outline why they are wrong.

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Today's episode:

[00:50] A real-life horror story.

[02:30] Arguments made by two senior ECB officials about the dangers of Bitcoin in a research paper.

[05:58] The high levels of accessibility of Bitcoin.

[05:58] Some of the many benefits of Bitcoin.

[07:16] Why it is untrue that early Bitcoin adopters benefit unfairly.

[09:35] The causes of inequality.

[10:35] My theories for the motivation behind the release of the anti-Bitcoin paper.

[16:19] What to expect from the MICA workshop I am holding in November.

Show links:

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