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TFTC: A Bitcoin Podcast

#548: Bitcoin's Exchange Theory of Value with Parker Lewis

TFTC: A Bitcoin Podcast

Marty Bent

Technology

4.8764 Ratings

🗓️ 23 October 2024

⏱️ 95 minutes

🧾️ Download transcript

Summary

Marty sits down with Parker Lewis to discuss his new piece on bitcoin's vital function as a unit of exchange.


Parker on Twitter: https://x.com/parkeralewis

Read Parker's article: https://graduallythensuddenly.xyz/exchange-theory-of-value/?ref=tftc.io



0:00 - Intro

1:26 - Money touches everything

11:06 - Exchange theory of value

17:20 - Unchained

18:12 - Exchange is not zero sum

25:12 - Debasement interferes with market communication

33:21 - Zaprite & SOTE

34:54 - Is now the time to switch?

41:59 - Educating Zaprite customers

53:00 - Don’t rug yourself with fiat

57:53 - Bitcoin per unit mindset

1:06:10 - Competitive advantage against the vicious dollar cycle

1:11:34 - Parker’s urgency

1:16:13 - Political influence

1:28:22 - Check out Parker's stuff



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https://unchained.com/concierge/

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https://zaprite.com/tftc

Salt of the Earth

https://drinksote.com/tftc



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Transcript

Click on a timestamp to play from that location

0:00.0

Its ability to be exchanged is the only reason why it stores value.

0:03.0

Parker Lewis, head of business development at Zapright, a prolific educator and writer in the Bitcoin space.

0:09.0

His series, gradually then suddenly, has helped orange pill many bitcoins over the years.

0:14.0

And the more exchange that's available, the more valuable Bitcoin becomes.

0:18.0

And that's logical connection for people so they don't just sit there thinking,

0:20.9

I can sit in my burning home, not go out and create value, not demand Bitcoin as payment,

0:25.6

and think that this house isn't going to burn. That dollar inflation is this vicious cycle.

0:31.0

And there's no easy solution to it. There's no silver bullet of saying, I'm just going to opt out. When do you cut over? You're assuming,

0:40.1

well, there's going to be these rails when I need them. It's like, well, how do they just magically

0:45.5

exist at the time when everything's collapsed and when you need them?

0:59.8

You've had a dynamic where money has become freer than free. If you talk about a Fed just gone nuts, all the central banks going nuts.

1:05.5

So it's all acting like safe haven.

1:08.6

I believe that in a world where central bankers are tripping over themselves to devalue their currency,

1:13.6

Bitcoin wins.

1:14.6

In the world of fiat currencies, Bitcoin is the victor.

1:18.6

I mean, that's part of the bold case for Bitcoin.

1:21.6

If you're not paying attention, you probably should be.

1:24.6

Is your water okay?

1:29.2

I believe so.

1:30.9

I think we're winning.

1:34.0

It feels like the energy.

1:36.0

Energy feels like winning.

...

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