The Road to Hyperbitcoinisation with Knut Svanholm - WBD386
Mr Obnoxious
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 16 August 2021
⏱️ 92 minutes
🧾️ Download transcript
Summary
Location: Remotely
Date: Wednesday 4th August
Role: Author
Hyperbitcoinisation is a belief that the current fiat monetary system is broken and a change is inevitable. Eventually, the hardest form of money will rise to the top and society will then adopt a Bitcoin standard, with Bitcoin as the world's dominant form of money and the base asset of the entire financial system.
While to some this might sound extreme, in just 12 years, Bitcoin has become a $900bn asset class, and El Salvador has recently become the first country to adopt it as legal tender. Meanwhile, fiat currencies are being debased at an unprecedented rate, and higher levels of inflation are flashing warning signals.
So what does the road to hyperbitcoinisation look like? And how does it impact society?
In this interview, I talk to bitcoin author Knut Svanholm. We discuss the road to hyperbitcoinisation and its impact on society, whether everything other than Bitcoin is a scam and why bitcoin's value always grows.
Transcript
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| 0:00.0 | If the game we're playing is money, there's only one winner and the best form of money is that winner. |
| 0:11.0 | And that's what Bitcoin is. There's no competition there. |
| 0:14.6 | Hello there from Bedford in the United Kingdom. How are you all doing? Welcome to the |
| 0:19.5 | What Bitcoin did podcast, which is brought to you by Gemini, the only place I'm using for buying |
| 0:23.9 | Bitcoin. I'm your host Peter McCormack and today I'm kicking off with Sports Bet |
| 0:27.6 | I owe the very very best place for online gaming because they accept Bitcoin. |
| 0:32.8 | And with the Olympics over, |
| 0:34.4 | all eyes are back on football. |
| 0:35.9 | I cannot weigh. |
| 0:36.9 | It's great to have fans back in the stadium. |
| 0:38.6 | It was kind of weird last year. |
| 0:40.9 | But listen, I'm gonna be making some bets. I obviously think |
| 0:44.4 | Liverpool going to win. I obviously are going to be betting against Tottenham because |
| 0:47.1 | they're ridiculous. So very exciting, but if you want to check this out, |
| 0:50.6 | a sports bet I always have a range of things available for you. They don't just |
| 0:53.6 | have football, they have tennis and motorsports and e-sports and all kinds of crazy things and |
| 0:58.0 | they always have a range of promotions available for new customers. So if you want to check them out, |
| 1:02.4 | please head over to sports bet.io for new customers. So if you want to check them out please head over to |
| 1:03.4 | sports bet dot i.o slash promotions which is SPO r t s b e t dot io |
| 1:09.6 | for slash promotions and next up we have Exodus wallet who I am using as my mobile and desktop wallet for |
| 1:14.8 | Bitcoin and as I'm about to start traveling I'm definitely going to be using |
| 1:18.2 | my Exodus wallet again especially when I hit El Salvador. Now listen I'm |
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