#104 - Fernando Nikolić - Bitcoin: The Last Defence Against Government Failure
The Peter McCormack Show
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 15 August 2025
⏱️ 94 minutes
🧾️ Download transcript
Summary
Fernando Nikolić is a Bitcoiner, a former VP at Blockstream, and the founder of Perception, a tool for tracking global Bitcoin narratives.
He joins me to talk about Argentina’s collapse, the danger of inflation, and why fiat currency is the biggest gaslighting project in modern history.
CONTACT PETE
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CONNECT WITH FERNANDO NIKOLIĆ
› X/Twitter - https://x.com/basedlayer
› Company - https://perception.to/
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
› Casa - https://casa.io/
› Incogni - https://incogni.com/peter
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TIMESTAMPS:
00:00:00 – Introduction
00:01:18 – Why Britain Is Starting to Feel Like Argentina
00:02:37 – Is the UK Ready for a Milei Moment?
00:07:24 – Why Britain Needs Bitcoin
00:09:47 – The Return of Communist Ideology
00:22:28 – Policing, PR, and Political Theatre
00:30:00 – Private Sector vs Public Sector
00:36:46 – Why Bitcoin Is the Foundation for Real Change
00:43:52 – Bitcoin as Your Hedge Against the State
00:46:04 – Predictable Money vs Programmable Theft
00:52:18 – Argentina Warning to the West
00:55:27 – The Bitcoin Savings Mindset
00:59:00 – Why Inflation Kills Ambition
01:07:12 – Bitcoin’s BlackRock Era vs Its Cypherpunk Roots
01:13:36 – Has Bitcoin Become Boring?
01:17:24 – If Bitcoin Becomes the Monetary Base, Do We Win?
01:20:00 – Paper Bitcoin: Are We Recreating Gold’s Failure?
01:23:36 – What Happened to the Bitcoin Revolution?
01:26:04 – Fernando’s New Project: Perception
01:28:03 – Narrative Warfare & Media Fragmentation
01:34:00 – Are We Heading for a Post-Internet World?
01:38:00 – AI, Deep Fakes, Dead Internet
01:44:32 – Why Culture Matters More Than Content
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
Transcript
Click on a timestamp to play from that location
| 0:00.0 | The society now is starting to react. |
| 0:02.0 | It's starting to talk about certain things, certain cracks in society. |
| 0:05.6 | Things that they see on the street, policies that are very weird. |
| 0:08.8 | Obviously the degradation of the streets, the public spaces, stuff like that. |
| 0:13.4 | So you guys are starting to feel this, but you still don't know that this is rooted in money being worthless |
| 0:20.8 | and being spent on stupid programs |
| 0:23.1 | that shouldn't be financed in the first place so that you need to look into Bitcoin as the |
| 0:28.1 | way Argentinians look at the US dollar, as this hedge against your local currency that is |
| 0:33.5 | worth less and less to save and plan for the future. |
| 0:41.2 | This episode is brought to you by our least sponsor, and Massive Legends Iron, the largest NASDAQ listed Bitcoin miner, |
| 0:44.9 | using 100% renewable energy. |
| 0:47.5 | Now they're not just powering the Bitcoin network. |
| 0:50.1 | They're also providing cutting edge computer resources for AI, |
| 0:53.8 | all backed by renewable energy. |
| 0:56.0 | Now, my boy Danny and I have been working with their founders, Dan and Will, for quite some time now, |
| 1:01.0 | and we've always been super impressed with their values, |
| 1:04.0 | especially their commitment to local communities and sustainable computing power. |
| 1:09.0 | So if you're interested in mining Bitcoin or harnessing AI compute power, |
| 1:12.9 | Irond is set in the standard. And so you can find out more at iron.com, which is iran.com. That is iron. |
| 1:20.4 | It's a lot. A lot has happened. |
| 1:22.9 | A lot has happened, man. Sure. All right. Well, welcome back, Fernando. Thank you so much, man. can see you again. Always good to be here. How long have you been here now in the UK? No, I've been in and out, to be honest. But I'm in my second month right now. Just came back from Spain. But like regularly coming back and forth. It'll come back a couple of years now. A couple of years now. And I'm interested in your perspective. |
| 1:46.0 | Yeah. Because we make a podcast and we interview a lot of people and we're in the doom. Everything's shit. But just as somebody coming in now, what do you make of the UK? |
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