Manage episode 322500538 series 2942532
On this episode of “Bitcoin Bottom Line,” hosts Steven McClurg and C.J. Wilson are joined by congressional candidate Taylor Burks.
#Bitcoin #Crypto #TaylorBurks
Burks grew up on a fifth generation cattle farm in Missouri. After graduating as a first generation college student, he joined the United States Navy over 15 years ago where he is now a Lieutenant Commander in the Reserves.
Burks started hearing about Bitcoin around 5 years ago and has since been a proponent for the innovation of blockchain technology and Bitcoin in particular.
Host Steven McClurg relates his similar experience, explaining how his grandparents never used banks, always kept cash, and therefore he also grew up with a mistrust of banks.
“We don’t need some big institution to take care of our finances for us. We want that independence, because we don’t trust them to have our best interest at heart.” He continues, “Bitcoin is the ability to be independent from these macro factors that don’t have the little guy at heart.”
He goes on to describe how it allows immigrants to keep more of their hard earned wealth for themselves through remittances, and host C.J. Wilson explains how people are using Bitcoin as a savings technology, and not as a get-rich-quick scheme.
“The way people hold Bitcoin today reinforces the idea that it’s about independence. You can make a lot of money, but if you truly believe in bitcoin, you’re holding it.” Burks says.
McClurg explains, “There’s either hard earned money, or it’s found money. When you’ve actually had to work for the money, you understand that value.
In Russia, a lot of people have worked very hard for the money that’s sitting in their banks, and now all of a sudden they can’t access it anymore. Do you trust that money belongs to you, or has any value any more?”
Burks shares, “Bitcoin represents a concept of freedom that people who suffer from decisions far beyond their control really shouldn’t have to, because they can access something like bitcoin now to protect themselves and their families.”
When asked if Missouri has the chance to be a Bitcoin state, Burks explains how they have a few young legislators to create policies in a way where Bitcoin can be a part of their state lifestyle. He goes on to explain what that looks like.
They go on to discuss inflation, technology in the agricultural sector, generational wealth, values, and more.
Listen to the full episode!