Can Bitcoin Fix the Political System? With Logan Bolinger - WBD558
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 23 September 2022
⏱️ 86 minutes
🧾️ Download transcript
Summary
Logan Bolinger is a lawyer and writer of the Think Bitcoin newsletter. In this interview, we discuss how he became orange pilled after concluding trust in politics is an impossible dream. We talk about how Bitcoin can help fix the broken political system and the problems caused by fiat money.
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There are many paths to Bitcoin. Cypherpunks, anarcho-capitalists and libertarians have all been attracted to Bitcoin given its rooted in protecting individual freedom, and its growing value as a powerful check on government control of money. And yet, there is now a meaningful movement of progressives within Bitcoin who have also been drawn to Bitcoin.
Beyond the mainstream media narratives that would have you believe Bitcoin is for those on the right wing, Bitcoin is for anyone, and people are finding in Bitcoin solutions to a range of perceived systemic problems. For progressives, it offers a range of mitigations and solutions to deep-rooted issues. Most notably in how to restore trust to the broken political system and help those affected by inequality.
Bitcoin is a revolution in that it empowers those who have increasingly been treated with contempt by the state, but had until recently felt powerless. It provides a chance to rebalance the social contract and strengthen democracy. And for those who want to retain the framework of the state, there is power to be drawn from the libertarian cause: rulers act differently when the ruled have a chance to opt-out and rely on a trustless system.
Opening up to Bitcoin also offers a chance to look at wider society anew. Going down the rabbit hole means awakening to the fundamentals of money, economics and banking. It brings a realisation that a lot of what activists have been focused on has been the symptoms of issues rather than the causes.
Maybe there is an alignment between those on the right and left around Bitcoin as they realise they are both being literally short-changed by the ruling elites. And, whilst being uncommon bedfellows, there is strength in numbers. And maybe the greatest strength of Bitcoin is in its ability to bring those on different sides of the aisle together to resolve some of our biggest issues.
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Transcript
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| 0:00.0 | Is the world that we want to live in one where we need to sort of hyper-financialize every aspect of an individual's life because financial conditions on a macro level are such that you |
| 0:16.2 | have to sort of financialize your whole being in order to keep up or get ahead. |
| 0:21.5 | Is that truly a victory for democracy. |
| 0:24.0 | Hello there everyone happy Friday how are you all have you had a good week and |
| 0:29.1 | welcome you to the what bit coined in the podcast which is brought to you by |
| 0:32.0 | Gemini the only place I'm using for |
| 0:34.4 | buying Bitcoin I'm your host Peter McCormack and today I've got an interview with |
| 0:38.0 | Logan Bollinger. Now following on from my interview with Jason Meyer I wanted to get some more progresses who are interested in |
| 0:45.3 | Bitcoin on the show. I talked about this recently on Twitter. If you go through my show history, |
| 0:49.6 | there's been a lot of people who may be conservatives or from a libertarian background but |
| 0:54.6 | Bitcoin is going more mainstream now there's a lot more people coming into it and |
| 0:57.9 | I've noticed there's a lot more people who are progressives or people from the left so |
| 1:01.7 | I think it is important to get as many |
| 1:03.9 | different voices on the podcast as possible so yes I wanted to get some of these |
| 1:07.8 | more left-leaning Bitcoiners who are coming out of the woodwork to come on the show |
| 1:10.9 | as we always talk about Bitcoin is for anyone and it can offer so much no matter what side of the political aisle you're on. |
| 1:18.8 | So Logan wrote this great article for Bitcoin magazine. |
| 1:21.9 | It was called from Bernie to Bitcoin and I thought |
| 1:24.2 | he would be a great guest for the show. Please do go and check out the show notes, go |
| 1:28.6 | and check out this article, it is fantastic. So we get into all sorts in the show though. We get into the polarization with politics |
| 1:35.0 | of the moment, media bias and the unintended consequences of hyper-biconization. |
| 1:40.0 | So it was a fascinating show, Logan's a great guy. |
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