Palmer Luckey
speaker
1,661 appearances
11 recordings
6 series
first heard Apr 2025
last heard 9 Apr
Palmer Luckey’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 10 in all, peaking in Jan 2026 with 7.
Appearances
I mean you have farmers banks that serve communities that are doing agriculture.
You have banks certainly
That are doing oil and gas quite well, but when it comes to tech, it's a pretty sparse field.
And so uh I I I started to think, well, how do you build a bank that could serve those things?
How could you do it in a very conservative way, very, very low risk way, where you can ensure you're not gonna go out of business, you're not gonna force everyone to rely on government bailouts, you may not be able to survive a total financial collapse.
Yeah.
Banks rarely can, but you can at least be the last man standing.
So uh thinking about that and then also a lot of things that new technology enables, like using US dollar backed cryptocurrencies to have three sixty five, twenty four seven settlement of payments, which is something that a lot of businesses need and very few get, uh y you you kind of tack all these things together and it becomes clear that there's there's room for a company to to to be a real bank for real companies doing real things.
I think that there will be network effects, but to be honest, whatever network effects there are will probably be pretty short-lived.
I think that pretty quickly everyone is gonna realize that they need to support these things.
And I think that when like seeing this administration's support for using specifically dollar-backed stable coins.
So not saying we're gonna move everybody off of the dollar, we're gonna move them off of uh you know, the the United States currency as the reserve currency for the world, but I think probably most banks.
are gonna get drug into this.
The difference is that we're trying to do it from the start.
Uh so I so so i is there a network effect?
Uh probably, but I think most of the forward looking companies that would value that network effect, that one in particular, uh see see see that in the next few years probably all banks are gonna be forced to adopt this to be competitive.
So
I think it's gonna be a long time before we hand things off to the chat pods, if only for regulatory reasons.
Like you you set aside the risk, which is a huge factor, you set aside the fact that we have our own banking rails which are extremely efficient and that we can settle at any time.
I mean th those are huge factors on their own.
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