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The Peter McCormack Show

Coronavirus Lockdown in Italy with Giacomo Zucco - WBD203

The Peter McCormack Show

Peter McCormack

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

4.72.8K Ratings

🗓️ 17 March 2020

⏱️ 92 minutes

🧾️ Download transcript

Summary

Location: Skype Date: Friday, 13th March Project: BHB Network Role: Director

COVID-19 continues to spread around the world. 169,717 people are now infected, and the death toll stands at 6,518. The virus is highly contagious, making containment incredibly tricky. As the seriousness of the situation escalates, countries around the world are implementing strict controls on movement and contact.

The COVID-19 coronavirus originated in China, where the number of cases has now risen to over 80,000. As the virus has taken hold, the Chinese Communist Party has implemented draconian measures. Despite criticism, the aggressive use of quarantine appears to have been effective in reducing the spread of infections. The number of reported daily new cases in China has dropped from almost 2,000 per day a few weeks ago, to less than 20 at the time of writing.

Italy now has the highest number of cases outside of China, with over 25,000 testing positive. A nationwide lockdown is in effect, with police and soldiers enforcing the quarantine conditions, and on the 15th of March, the EU recorded the highest number of deaths in a single day so far.

Giacomo Zucco is a Bitcoiner who is currently under lockdown in Italy. In this interview, he explains what life is like on lockdown, the measures that have been put in place, how he thinks the governments around the world have dealt with this pandemic and why he believes centralised planning is poorly suited for dealing with the crisis.


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Transcript

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0:00.0

Welcome to the What Bit Bitcoin Did Podcast.

0:05.0

Hello there from Self-isolation in Bedford.

0:09.0

How are you all?

0:10.0

It's strange times we're living in, aren't we?

0:12.0

Anyway, welcome to the What Bitcoin did podcast,

0:14.0

which is brought to you by Cracken,

0:16.0

the best place to buy, sell and trade Bitcoin.

0:18.0

I'm your host, Peter McCormack,

0:20.0

and today I have an interview with Giacomo Zucco,

0:22.0

who is currently under lockdown in Italy and we discuss centralized planning in times of a crisis.

0:27.5

But before that I do have a message from my show sponsors and first up today we have coin tracker and last night I recorded a very short a

0:36.3

bonus show with their CEO Chandon I've been getting a bit of flack recently people

0:40.5

saying to me why are you supporting a tax company taxes evil why are you

0:44.6

why you helping the man well look there is a reality around tax which I

0:48.9

discuss with chundin where exchanges are being subpoenaed and people are receiving letters and if you don't pay your tax there are risks.

0:56.0

So listen you can pay your tax if you want you can not pay your tax if you want but if you do want to pay your tax then then Coin Tracker is a company that I would definitely

1:04.7

recommend because I use them this year to do my tax calculation. But that show will be out on

1:08.9

Sunday. It's just a little 30 minute show talking about the risks associated with tax and how they can help.

1:15.3

I don't allow people to pay to be on the show but I did think with the response to this

1:19.5

I would do a little short one with Chundin. I did something similar with Zach from Blockfly when

1:23.6

people were critical of that. But listen if you do want to find an easier way of

1:28.0

calculating your taxes then definitely check out coin tracker they've got a

...

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