From the Petrodollar to a Bitcoin Standard with Alex Gladstein & Nic Carter - WBD353
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 26 May 2021
⏱️ 71 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Monday 24th May Project: The Human Rights Foundation & Castle Island Ventures Role: Chief Strategy Officer & Partner
Bitcoin is in the midst of an immense cycle of FUD. In the last few weeks alone, Elon Musk has questioned the energy consumption, China has again imposed regulations on bitcoin miners, and even the Pope raised fears concerning fossil fuels.
As Bitcoiners, we are used to the constant stream of attacks, but often the disparagement is down to a lack of understanding of Bitcoin, with people viewing it as just a visa-like payment processor. As Alex Gladstein says, Bitcoin "is not a fintech company competing with Visa. It is a decentralized asset competing to be the new global reserve currency, aiming to inherit the role gold once had and the role the dollar holds today."
If bitcoin does become the new global reserve currency, superseding the dollar, will that usher in a more peaceful world? And what impact will it have on equality and foreign policy?
In this interview, I talk to Alex Gladstein, the Chief Strategy Officer at The Human Rights Foundation and Nic Carter, a Partner at Castle Island Ventures. We discuss the petrodollar system, moving to a bitcoin standard and the benefits that it would have on society.
Hosted on Acast. See acast.com/privacy for more information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's reasonable to think that in the next 10-15 years you'll start seeing a real shift, |
| 0:07.0 | whether it's to a bipolar world or a multipolar world, or potentially a world where, you know, we no longer have the petro dollar as kind of the reserve currency, |
| 0:16.0 | but rather maybe the Bitcoin standard. |
| 0:18.0 | Hello there from Chicago, how are you all doing? |
| 0:22.0 | Pretty wild times out there right now and if you were following |
| 0:27.0 | Twitter a couple of days ago. We've just witnessed the birth of the mining |
| 0:30.8 | council. Now this has seen a mix of responses from some who are very |
| 0:34.8 | angry that this was a closed-door meeting to others who feel like this is a good move |
| 0:39.4 | and it's not such a big deal. I myself find it hard not to think a similar times in the |
| 0:44.4 | history of Bitcoin the New York agreement which the devs didn't attend and the |
| 0:48.6 | disaster that was the Bitcoin Association my personal view is that we are potentially on shaky grounds where different |
| 0:56.2 | people with different influence, perhaps billionaires can prop up the energy narrative and influence |
| 1:01.8 | market prices while also pumping a meme coin. |
| 1:05.2 | I personally reject this and I've been trolling because of this and has been subject to some harsh criticism. |
| 1:11.7 | Truth be told, with all my wealth held in Bitcoin, I am suspicious of certain people flexing influence and the slippery slope that this leads to. |
| 1:20.0 | I'm going to cover this specifically in a show with Dan held on Friday, but I do respect. |
| 1:24.4 | There are different people with different opinions on this, and I'm going to try and speak to as many |
| 1:28.7 | as I can to just try and get some consensus around it. |
| 1:31.8 | I'm not a fan of it though. I just don't like |
| 1:33.8 | what has been happening in this last few weeks in the world of Bitcoin. |
| 1:37.2 | Anyway, how are you all? Welcome to the What Bitcoin did podcast which is brought to you |
| 1:41.1 | by Gemini, the only place I'm using to buy Bitcoin. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Peter McCormack, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Peter McCormack and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.