About this episode
Joe Burnett sits down with Conner Brown of the Bitcoin Policy Institute to discuss the Basel Committee’s 1,250% bitcoin risk weighting and why many view it as a major policy mistake limiting bank adoption. They also explore digital credit, the future of bitcoin in the financial system, and why AI agents may ultimately prefer bitcoin as money.Timestamps:0:00 Intro0:49 The Basel 1,250% mistake explained7:26 How punitive Basel’s bitcoin risk weighting is in practice12:12 Why Basel treats gold and bitcoin so differently15:01 What happens if the U.S. changes the rules for banks20:06 Why America should lead in bitcoin financial products22:07 Digital credit and why Connor is bullish on it26:20 Why bitcoin needs to be repackaged for different users29:10 What money AI agents prefer33:35 What properties AI agents want in money37:49 Why bitcoin could give AI agents a capability boost41:32 How fast AI is advancing48:20 AI, job displacement, and the reorganization of society54:51 Key bitcoin policy issues to watch in Washington1:01:14 Where to follow Connor and Bitcoin Policy Institute
