Bitcoin vs. Banks: The shift you need to understand.

本站添加: 2026-05-26

[00:00:00]Before Bitcoin, if you wanted to pay someone remotely over the phone or the internet, then you could not use public infrastructure. You would rely on a private bank to open their books and add a ledger entry that debits you and credits the person you're paying. And if you both don't use the same bank, well, then there'll be multiple banks and multiple ledger entries in between. With Bitcoin, the ledger is the public blockchain and anyone can add an entry to that ledger, transferring their bitcoins to someone