54% of Americans Are Scammed By Banks, Are You One?

Do you remember the 2008 crisis? It left a mark on many of us, fueling a distrust of bankers and politicians, and leading us to crypto as an alternative to the broken system.

Today’s guest, Austin Campbell, a professor and former Chief Risk Officer at Paxos, explains how crypto, especially stablecoins, can protect everyday Americans from the risks of traditional banks. He’s here to show why the middle class should care about the future of finance.

TIMESTAMPS

0:00 Intro
3:45 Austin’s Tweet Defending Crypto
13:55 How the Banking System Works
25:27 Who Manages Bank Risk?
32:01 Depositor Bailouts
39:56 Stablecoin Solution?
59:29 Stablecoin Impact on Banks
1:06:38 U.S. Payments Outdated?
1:11:01 Global Implications of Crypto Adoption
1:17:37 U.S. Regulatory Stance on Crypto
1:24:58 Anti-crypto Policy Motivation
1:28:08 Austin's Advice to Crypto Community
1:32:20 Closing & Disclaimers

RESOURCES

Austin Campbell
https://x.com/CampbellJAustin

Must Read Threads
https://x.com/CampbellJAustin/status/1817590780879397114
https://x.com/CampbellJAustin/status/1821591319816581469
https://x.com/campbelljaustin/status/1823362155984388226

Not financial or tax advice. See our investment disclosures here:
https://www.bankless.com/disclosures