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The Peter McCormack Show

A Progressive View of Bitcoin with Margot Paez - WBD478

The Peter McCormack Show

Peter McCormack

Politics, Society, Markets, News, Society & Culture, Technology, Inflation, Finance, Economics, Government, Power, Bitcoin, Money

4.72.8K Ratings

🗓️ 21 March 2022

⏱️ 138 minutes

🧾️ Download transcript

Summary

Margot Paez is a Fellow at the Bitcoin Policy Institute specialising in Renewable Energy and Environmental Studies. In this interview, we discuss the Occupy movement, a broken capitalist system, and a pragmatic approach to our energy future.

- - - -

Bitcoin is often labelled as being a currency for libertarians. But, it is increasingly clear that Bitcoin appeals to a wide range of people with a myriad of political leanings. This includes a growing number of progressives who see in the protocol a means of enabling a fairer and less economically stratified society.

That Bitcoin appeals to such disparate communities speaks to both the strength of Bitcoin, but also the weakness of the current system. If those on both the right and left are disenchanted with the status quo, that is obviously a strong signal that a major societal change is warranted. Further, it means we have to assess why we're so polarised if we fundamentally agree with each other.

There is a debate to be had regarding language, labels, unconscious bias, and manipulation of opinions. The issue is that these false divisions are affecting reasoned consideration of all the major issues affecting modern civilisation, particularly in relation to climate change.

The practical implication is that both sides of the climate change debate are resistant to effective and pragmatic measures. Is it possible to view these issues without a political lens?


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Transcript

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0:00.0

How do we get to the point where people can talk to each other?

0:05.0

The only place where I've really seen that happen is in Bitcoin.

0:08.0

So to me, the social value of Bitcoin is massive because here we're forced to talk to each other.

0:15.0

Hello there, how are you all doing?

0:17.0

Welcome to the What Bitcoin did podcast,

0:19.0

which is brought to you by Gemini, the only place I am using for buying Bitcoin. I'm your host Pete

0:24.0

from McCormack and before we get into the interview today I have a quick message from

0:28.4

my show sponsors. This show is brought to you by Ledger, the world's most popular hardware wallet.

0:34.0

Now listen, in Bitcoin, we have this saying, right? Not your keys, not your Bitcoin.

0:38.0

So if you're a Bitcoin holder, it is your money and it's time for you to own it.

0:42.0

And if you're not storing your Bitcoin on a hardware wallet... It is your money and it's time for you to own it.

0:42.8

And if you're not storing your Bitcoin on a hardware wallet,

0:45.4

then you are trusting somebody else.

0:47.5

I took control of my Bitcoin back in 2017

0:50.7

when I bought my first Ledger Nanowess and I am still using that same device today.

0:56.0

Ledger is the smartest and easiest way for you to take control to your Bitcoin.

1:00.0

Now, if you would like to find out more or purchase a hardware wallet from ledger

1:04.0

then please head over to ledger.com which is L-E-D-G-E-R.com.

1:09.0

Next up it is Block-Fy.

1:11.0

Now Block-Fy bridges the world of traditional finance and

1:14.1

Bitcoin and powering you for this future financial world. And for people in the

1:18.5

US who own or are interested in owning Bitcoin or stacking more Sats, then the Block Five rewards credit card provides the easiest

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