Hyperbitcoinization and Other Arguments by a Bitcoin Maximalist | Pierre Rochard
Hidden Forces
Demetri Kofinas
4.8 • 1.6K Ratings
🗓️ 22 January 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
In Episode 75 of Hidden Forces, Demetri Kofinas speaks with Pierre Rochard, a self-ascribed Bitcoin Maximalist who co-founded the Satoshi Nakamoto Institute and who has been a researcher, investor, and software developer in the space since early 2013. In addition to developing Bitcoin software, Pierre is an outspoken advocate for Bitcoin's decentralized governance, the operator of one of the largest Lightning Network routing hubs, and the host of the Nodded Bitcoin Podcast.
This conversation is broken into two parts. The first deals with fundamental questions concerning bitcoin's base layer protocol, the supply schedule, governance, decentralization, utility, and challenges to layer 1 scalability. Included in this first part is a fascinating conversation about anarcho-capitalism and the role of Austrian economics and theories of hard money in the bitcoin community with comparisons made between bitcoin and gold.
The second part of the conversation, which is available as a 40-minute overtime segment for our subscribers, consists of a prolonged series of discussions on hyperbitcoinization, including the mechanics of a speculative attack by bitcoin against the US dollar and other fiat currencies. Also discussed are the existential threats posed by governments and how Pierre believes that bitcoin will manage to overcome all of them on its path towards becoming the global currency standard in the 21st century. Demetri ends by asking Pierre for his predictions and forecasts, not only for bitcoin but for the market more broadly, including a conversation on how he's positioning himself for the start of the next bull phase in crypto.
Additional topics include monetary theories of value, the Lindy effect, Gresham's law, and layer 2 solutions for scaling bitcoin as a viable medium of exchange.
As a reminder, all information provided in this podcast is for informational purposes only and should not be viewed as financial advice, nor should it be relied upon as the basis for financial decisions.
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
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Transcript
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| 0:00.0 | Today's episode of Hidden Forces is made possible by listeners like you. |
| 0:04.8 | For more information about this week's episode or for easy access to related programming, |
| 0:10.3 | visit our website at hidden Forces. I.O. and subscribe to our free email list. |
| 0:17.0 | If you want access to overtime segments, episode transcripts and show rundowns full of links and detailed information related to each and every |
| 0:26.2 | episode check out our premium subscription available through the Hidden Forces website or through our Patreon page. |
| 0:34.0 | And remember, if you listen to the show on your Apple Podcast app, |
| 0:38.0 | you can give us a review. |
| 0:40.0 | Each review helps more people find the show and join our amazing community. |
| 0:45.7 | And with that, please enjoy this week's episode. |
| 0:50.4 | What's up everybody? |
| 0:51.6 | I'm Demedric of Phoenix and you're listening to Hidden Forces where each week I speak with experts in the fields of technology science, finance and culture to help you gain the tools to better navigate an increasingly complex world |
| 1:07.0 | so that you're less surprised by tomorrow |
| 1:09.0 | and better able to predict what happens next. |
| 1:13.6 | My guess this week is Pierre Rashard, a self-ascribed |
| 1:17.6 | Bitcoin Maximalist who co-founded the Satoshi Nakamoto Institute |
| 1:22.2 | and who has been a researcher, investor, and software |
| 1:25.1 | developer in the space since early 2013. |
| 1:29.2 | In addition to developing Bitcoin Software, Pierre is an outspoken advocate for Bitcoin's decentralized governance, |
| 1:36.4 | the operator of one of the largest lightning network routing hubs, and the host of the noted |
| 1:42.2 | Bitcoin podcast. |
| 1:44.0 | This conversation is broken into two parts. |
| 1:47.0 | The first deals with fundamental questions concerning |
... |
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