Trace Mayer on Claiming Your Monetary Sovereignty with Bitcoin - WBD153
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 1 October 2019
⏱️ 75 minutes
🧾️ Download transcript
Summary
Location: Laramie, Wyoming Date: Saturday, 21st September Project: Premier Ark LLC Role: Manager
The unique properties of Bitcoin make it the hardest money which has ever existed and allows those who adopt it to claim their monetary sovereignty.
As the Bitcoin market cap has grown, those accumulating have had to condition themselves to a volatile price, with dollar-cost averaging a popular way of stacking sats.
Many people, however, still don't own their private keys, leaving their Bitcoin on an exchange or in the hands of a 3rd party custodian. In doing so, they miss one of the fundamental aspects of Bitcoin, claiming their sovereignty.
Before Bitcoin, gold was the traditional way to claim financial independence. Like Bitcoin, Gold allows holders to take wealth management away from banks and financial institutions. With this, gold is also a hedge or 'safe haven' asset during currency declines and/or recessions.
With the global economy, again looking fragile, will another economic downturn see Bitcoin, like gold, become a 'safe haven' asset?
In this interview, and for the second time in a week, I'm joined by accountant, lawyer and Bitcoin OG Trace Mayer. We discuss the U.S monetary system being unconstitutional, negative interest rates, gold vs Bitcoin and Proof of Keys.
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Transcript
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| 0:00.0 | Welcome to the What Bit Bitcoin Did Podcast. |
| 0:05.0 | Hello there from Bedford, how are you all? |
| 0:09.0 | Did you all have a great weekend? |
| 0:11.0 | I'm back home now, back home for 10 days and getting ready for the launch of Defiance. |
| 0:16.0 | Anyway, welcome to the What Bitcoin did podcast, which is brought to you by the mighty Cracken, |
| 0:20.0 | the best place to buy and sell Bitcoin. |
| 0:22.0 | And on today's show show I am joined by |
| 0:24.6 | Trace Mayer again but this time I've got him on his own to discuss claiming your |
| 0:29.2 | monetary sovereignty with Bitcoin but before that I do have a message from my show sponsors and remember |
| 0:34.1 | don't skip this if you enjoy the show it is the sponsors that allow me to do this. |
| 0:37.6 | So firstly today's show is brought to you by my good friends at BlockFi and |
| 0:41.8 | another month is over so I'm going to be |
| 0:44.0 | getting another interest payment from my Bitcoin interest account. |
| 0:48.3 | Super cool, always exciting and they've had so many cool updates with their interest accounts recently. |
| 0:53.5 | So Block 5 firstly dropped all minimum deposits. |
| 0:56.4 | Interest account holding clients will no longer have to meet a minimum deposit amount |
| 1:00.9 | in their Bitcoin ether or GSD to earn interest. |
| 1:04.0 | Additionally, BlockFi has removed the early withdrawal penalty from their account and is now offering |
| 1:09.5 | one free withdrawal per month to all clients. And with the recent announcement of Block 5 Flex |
| 1:15.5 | you can choose to receive your interest payments in the currency of your choice. |
| 1:19.1 | With BlockFi interest accounts you can earn interest every month on your Bitcoin, E, and G. S, you're interested in |
| 1:25.2 | find out more? I suggest you do your own research, then head over to Blockfire.com, which is |
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