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HomeBitcoin NewsDylan LeClair: BTC Can End All Financial Corruption

Dylan LeClair: BTC Can End All Financial Corruption

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Dylan LeClair – the head of market research at media company BTC Inc., which reports on all things crypto and blockchain – is a maximalist that’s convinced bitcoin could potentially end all corruption and shortcomings in the standard financial industry.

Dylan LeClair Thinks Highly of BTC

In a recent interview, he commented:

The money is corrupt, and everything else is corrupted as a result.

LeClair has a lot of points. Bitcoin and other digital currencies were designed as alternatives to standard finance, a space that has long been dominated by third parties, prying eyes, and middlemen saying what we can and cannot do with our money. They look at our job histories and other personal aspects of our lives and decide if we can gain access to specific products and services from there.

Bitcoin and crypto, however, don’t care about these things. So long as you have an internet connection and a digital wallet, that’s all you really need to concern yourself with. You can begin trading, investing in, selling, and buying digital assets as you see fit. The point of crypto was to give unbanked individuals or people that cannot gain access to traditional finance opportunities to garner the products and items they need for ordinary, day-to-day survival.

In regions such as Africa, for example, which has long been hurt by the ongoing political and financial corruption of standard banks and centralized institutions, bitcoin and crypto have long been proposed as potential solutions to these problems, so the idea of crypto working as an alternate method to standard finance is not new.

However, LeClair went further in his statements and mentioned:

When you dig down to the roots of government – of the money, of how power systems and society [are] structured today – you really come to understand that the base level of this whole game is corrupted. The incentives at the base layer of society [are] corrupted in the form of corrupt money. [It] got abstracted to gold receipts, gold IOUs, gold certificates of deposits, and ultimately, that was corrupted because you had to trust someone not to mess with your gold.

He also mentioned that the world of standard finance has endured tons of failures, and crypto is the perfect outlet to help those that have been affected by those failures attain monetary solutions to their ongoing issues. He stated:

The orange pill is the fact that we have an engineering solution to fix the money, and it’s this big abstract concept that people aren’t familiar with.

So Many Banks Are Crashing!

Right now, many standard institutions have failed. The list presently contains names such as Signature Bank, Silicon Valley Bank, and First Republic Bank.

As these banks have fallen, bitcoin’s price and the prices of many digital assets have shot up.

Nick Marinoff
Nick Marinoffhttps://www.livebitcoinnews.com/
Nick Marinoff is currently a lead news writer and editor for Money & Tech, a San Francisco-based broadcasting station that reports on all things digital currency-related. He has also written for a number of other online and print publications including Black Impact Magazine, EKT Interactive, Seal Beach USA and Benzinga.com, to name a few. He has recently published his first e-book "Take a 'Loan' Off Your Shoulders: 14 Simple Tricks for Graduating Debt Free" now available on Amazon. He is excited about the potential digital currency offers, particularly its ability to finance unbanked populations and bring nations together financially.

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