This is an excerpt from “Bitcoin Magazine Podcast”, hosted by P&Q. In this episode, host is Margo Pages, a climate change physicist and fellow at the Bitcoin Policy Institute, who advocates for bitcoin with a progressive mindset. ,
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Why: I just want to give you the opportunity to speak directly to Elizabeth Warren… say exactly what you want to say to her… change her mind [on Bitcoin],
Margot Page: Elizabeth Warren doesn’t really understand bitcoin, that’s for sure. I find it really ironic that Elizabeth Warren used to be the champion of the people against the banking system, against Wells Fargo, against Chase, against HSBC, against all these companies that took advantage of people during the financial crisis .
And she used to be a lawyer. And in fact, I’ve heard her even during the pandemic, she was actually criticizing the banking charges being levied on people during the pandemic. And she was right… why are you charging people all these fees just to keep it in their bank account when they have no choice but to put it in your bank account, right?
Again, this is one of those oligopoly situations where you don’t have the freedom of choice in terms of banking.
So, I would challenge him to think about what exactly solution you want? How exactly do you want to solve this problem? Because there is an existing solution, it’s called bitcoin, and it’s where people can really get out of the current banking system, take custody of their own money and not worry about fees, Can’t worry about banks taking advantage of them because it’s their money and they are ‘managing it themselves or they are managing it in their community…
You want community bank? You Can Have a Community Bank With Bitcoin… These Are the Solutions I Thought Elizabeth Warren Wanted [but] Looks like she doesn’t really want to help people…
Ultimately… Bitcoin is a lifeboat. And what’s wrong with people having lifeboats?