Gradually then Suddenly Pt 4: Bitcoin & The Money Printer with Parker Lewis - WBD391

Mr Obnoxious

Peter McCormack

Technology, News, Politics, Money, Investing, Finance, Bitcoin

4.8 • 2.7K Ratings

🗓️ 30 August 2021

⏱️ 92 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Location: Houston, TX
Date: Thursday 25th August
Company: Unchained Capital
Role: Head of Business Development

In times of economic crisis, central banks have the power to step in and attempt to aid recovery by ‘printing’ dollars. When injected into the commercial banking system, these new dollars prevent an economic slowdown.

While this may sound like a favourable alternative to an economic slowdown and businesses failing, it is not without consequences.

Since the COVID-19 pandemic began, the U.S government has printed money at an accelerating pace, with analysts claiming that this is driving inflation.

In our economy, the central banks hold the ultimate power. They decide when they print money and how much. Bitcoin is different. With its fixed supply and controlled issuance, everyone on the network knows how many bitcoins are in circulation and the future issuance. It is the most inclusive and transparent monetary network ever to exist and the antithesis of central banking.

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the fraying of the fabric of society, money printing and the wealth gap and why politics are ineffectual.

Transcript

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0:00.0	The Central Bank can control the supply of its currency, it cannot make people value it.
0:07.0	And if I know that the Central Bank can print trillions of dollars at zero cost, I will stop valuing that, as will everyone.
0:15.0	Hello there from Boston, how are you? It is so good to be back traveling. I had a great couple
0:20.4	of days down in Texas, managed to see some of the
0:23.1	Bitcoin crowd down at Bitblock Boom and then I came up here to
0:26.2	Massachusetts to watch the ghost inside play their first show since
0:29.7	COVID. Now I am about to jump on a plane to El Salvador.
0:32.8	I'm going to make a film about Bitcoin.
0:34.8	It is very exciting times.
0:36.6	Anyway, welcome to the What Bitcoin did podcast,
0:39.3	which is brought to you by Gemini, the only place I'm using for buying Bitcoin.
0:43.4	I'm your host Peter McCormack, and today I've got an interview with Parker Lewis,
0:46.8	part four of our Gradually Then Suddenly series,
0:49.2	looking at the implications of the money printer.
0:51.7	But before that, I do have a message from my show sponsors.
0:54.6	And first up today we're going to kick off with Exodus Wallet who I am using as my
0:58.6	mobile and desktop wallet for Bitcoin. And do you know what? I'm going to be using
1:01.7	it in El Salvador over the next few days
1:03.6	because I use it to go and access cash from the ATM down in El Zontay now some of you
1:10.0	know you X is super important to me so when XS reach out to me I spent some time
1:14.1	playing with the app and do you know what they crushed it the experience is so
1:17.2	cool that I'm happy to recommend it to you my friends and my family now
	...

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