Mar 21, 2024
✨ DEBRIEF | Ryan & David unpacking the episode:
https://www.bankless.com/debrief-patrick-mckenzie
------
Why do banks have holidays? Should we redesign the banking system?
Is there a future for crypto?
Today we’re joined by Patrick McKenzie, an advisor at Stripe who writes about the modern financial system helps us answer these exact questions.
First, we talk about the inner workings of the existing banking system. Then we get into crypto, where Patrick shares his reasons for skepticism.
------
📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24
https://bankless.cc/spotify-premium
------
BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE
https://k.xyz/bankless-pod-q2
💸 CRYPTO TAX CALCULATOR | USE CODE BANK30
https://bankless.cc/CTC
🦄 UNISWAP | SWAP SMARTER
https://bankless.cc/uniswap
🛞MANTLE | MODULAR LAYER 2 NETWORK
https://bankless.cc/Mantle
🔗CELO | CEL2 COMING SOON
https://bankless.cc/Celo
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION
https://bankless.cc/toku
------
TIMESTAMPS
0:00 Intro
6:35 Patrick’s Background
9:48 Banking System Evolution
20:09 Banking Holidays
26:44 Financial System Redesign
40:12 Transactional Freedom Trade-offs
1:03:39 Crypto Slogans
1:11:36 Crypto Predictions
1:21:42 Closing Thoughts
------
RESOURCES
Patrick McKenzie
https://twitter.com/patio11
Check Out Patrick’s Blog
https://www.bitsaboutmoney.com/
Molly White Episode
https://www.youtube.com/watch?v=y9Itd3g23QI
------
Not financial or tax advice. This channel is strictly educational
and is not investment advice or a solicitation to buy or sell any
assets or to make any financial decisions. This video is not tax
advice. Talk to your accountant. Do your own research.
Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets.
See our investment disclosures here:
https://www.bankless.com/disclosures