Critiquing Bitcoin with Frances Coppola & Nic Carter - WBD299
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 15 January 2021
⏱️ 98 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Wednesday 13th January Company: Independent & Castle Island Ventures Role: Author & Partner
Bitcoin adoption is maturing, and veteran traders such as Stan Druckenmiller and Paul Tudor Jones, companies like Microstrategy and institutions like Grayscale and Skybridge have all made moves solidifying its reputation and profile. However, it is still not without its detractors.
Arguments regarding scalability, how a deflationary system works and fears of money without government backing are topics of regular discussion. One critic who is quick to highlight Bitcoin's perceived shortcomings is Frances Coppola, and last week on Twitter, Frances caused a stir with comments about the scarcity of bitcoin.
In this episode, I moderate a debate between Frances, an economist and financial author, and Nic Carter, a Partner at Castle Island Ventures, to discuss some of Bitcoin's most fundamental questions.
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Transcript
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| 0:00.0 | What I'm objecting to is this kind of position that says it is morally good and state money is morally bad. |
| 0:12.0 | Money is neutral money is just a thing right there is no morality in money |
| 0:17.0 | money |
| 0:20.0 | hello there from Bedford how are you all another crazy week for |
| 0:25.3 | Bitcoin after that little dip we got back up to 40 k we're looking pretty healthy |
| 0:30.0 | right what a year anyway welcome to the What Bitcoin did |
| 0:33.8 | podcast which is brought to you by the mighty Cracken, the best place to buy |
| 0:37.7 | sell and trade Bitcoin. I'm your host Peter McCormack and today I moderate a |
| 0:41.8 | debate between Francis Coppola and Nick Carter where we work through some of Francis's criticisms of Bitcoin. |
| 0:48.0 | But before that, you know I've got a message from my sponsors and make sure you check them out. |
| 0:52.0 | Without the sponsors, I could not do this |
| 0:54.3 | Okay, we're gonna kick off with my new sponsor Exodus wallet who I will be using from now on as my mobile and desktop wallet for Bitcoin |
| 1:03.0 | And I've been looking for a wallet like this for a while now because I'm starting to use |
| 1:06.1 | Bitcoin more day to day. |
| 1:08.1 | I currently use cars for my deep cold storage, but I am increasingly running my company using Bitcoin. I'm paying people, I'm getting paid in |
| 1:15.1 | Bitcoin and I needed a desktop wallet for doing all my admin and Bitcoin payments. And the reason I really liked |
| 1:21.1 | Exodus after they approached me and showed me was the |
| 1:23.4 | UX. It's just so damn easy to use. They've crushed it. So make sure you go and check out |
| 1:28.8 | Exodus wallet that is at exodus. |
| 1:30.8 | That is at exodus. Or Google Exodus or search in the Apple or Google App stores. |
| 1:35.3 | Also, let's talk about Karsa. You've heard about these for a long time now. I have |
| 1:39.6 | been a customer for nearly eight months. They are the best in Bitcoin security. If you are making good |
... |
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