Season 4 of Netflix’s hit series, Money Heist—or “La Casa de Papel” in Spanish—is set to hit screens today. And according to hardware wallet manufacturer, Ledger, it’s the perfect parallel for Bitcoin and decentralization.
Money Heist features a band of anonymous robbers who target centralized finance institutions to destabilize the financial system. But Ledger claims the systems would be much more resilient if they were more decentralized.
“Security is one of the elements where centralized financial institutions can struggle,” reads the blog post. “This emerges from the simple fact that they’re a central storage space for a lot of people’s money, meaning there’s an enormous potential loot for thieves. This makes it an enticing target, and thieves know exactly where to go to steal this.”
Decentralized platforms—and by proxy, decentralized money—hold significant benefits over their centralized counterparts, Ledger claims. Primarily, within decentralized systems, individuals control their money and it’s not