Bitcoin Has No Leaders with Dan Held - WBD354
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 28 May 2021
⏱️ 83 minutes
🧾️ Download transcript
Summary
Location: Chicago Date: Wednesday 26th May Project: Kraken Role: Growth Lead
When Elon Musk tweeted that Tesla had "suspended vehicle purchases using Bitcoin" due to their concerns "about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions", the market went into freefall, dropping from around $58k to just below $30k in just a few days.
Since then, the market has reacted whenever Musk tweets. On Monday, he stated that he had "Spoke with North American Bitcoin miners" in a meeting set up by Michael Saylor and that "they committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising."
While this may seem like positive news, behind-closed-door meetings are not something that bitcoiners are fans of. The meeting was somewhat reminiscent of the New York Agreement.
The future of Bitcoin should be decided by the consensus of the entire network, not a small, wealthy and hugely influential committee. Some feel that appeasing one billionaire is a dangerous precedent to set.
Are we heading down a slippery slope? And what will this mean for Bitcoin?
In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss the concept of leaders in Bitcoin, antifragility, and dispel some FUD.
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Transcript
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| 0:00.0 | Bitcoin grows more anti-fragual with these sort of events where they're going to lose |
| 0:08.8 | influence pretty fast and pretty soon the market doesn't care what they have to say. |
| 0:11.6 | Hello there from Los Angeles, how are you doing? |
| 0:16.0 | I am just here in Lala Land. |
| 0:18.0 | Just for one day I came in to interview Eric Weinstein. |
| 0:22.0 | I was joined by my friend Travis Travis Kling. That's going to be out next week. |
| 0:25.9 | But I'm just here for one day, tomorrow I fly back the other way because I'm heading off to the |
| 0:30.6 | Indy 500. Hopefully the Bitcoin car is going to go and win that race. |
| 0:35.4 | Anyway, welcome to the What Bitcoin did podcast which is brought to you by Gemini, |
| 0:39.1 | the only place I am using for buying Bitcoin. I'm your host Peter McCormack and today we are back with our monthly interview |
| 0:45.5 | with my good friend Dan held and today we're getting into what happened over the |
| 0:49.9 | last week with Elon Musk Michael Saylor and the miners, and they're behind closed doors meeting. |
| 0:55.8 | And what this means for Bitcoin, please note. |
| 0:58.2 | I do go into a little bit of a rant in this one. |
| 1:00.5 | I'm sorry, I get a little bit sweary maybe my language is not |
| 1:04.4 | preferable but I just had to let rip on some thoughts that I had. Okay before we |
| 1:10.3 | get into the interview I do have a message from my show sponsors and we're going to |
| 1:14.3 | kick off today with Karsa the very best in Bitcoin security. |
| 1:18.7 | Now if you are sat on a decent stack, despite the drops, If you've been making good gains this year and you aren't |
| 1:25.3 | custodying it yourself, or you have it all on a single hardware wallet, it's probably time for you to |
| 1:30.4 | consider a car. And I know what you are thinking, do I really need this? |
| 1:34.9 | Isn't it going to be a pain to set up? |
... |
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