WBD: Live in Nashville with Preston Pysh & Marty Bent - WBD407
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 8 October 2021
⏱️ 110 minutes
🧾️ Download transcript
Summary
Location: Nashville, TN Date: Thursday 30th September Company/project: The Investors Podcast & Great American Mining & TFTC Role: Host & Director of Business Development & Host
2021 has been a year of significant disruption. Trillions in deficit spending are ongoing. Many countries are experiencing the highest consumer inflation seen in decades, while assets and commodities prices have soared at a phenomenal rate.
Meanwhile, China kicked half of Bitcoin's hashrate offline by instituting a country-wide ban on mining. However, the Bitcoin network has demonstrated its antifragility as thousands of ASIC machines migrate to other countries and come back online.
While many Bitcoin naysayers have lambasted the energy use of Bitcoin's mining industry as being environmentally unfriendly, mining is driving more efficient use of low-cost, renewable, and otherwise wasted energy sources.
In a world that is full of distortions, is Bitcoin the answer to society's problems?
In this live interview, I talk to Preston Pysh, the host of The Investor Podcast, and Marty Bent from Tales From the Crypt and Great American Mining. We discuss rising inflation, why bitcoin mining is good for global energy use, and why bitcoin is this answer to many problems.
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Transcript
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| 0:00.0 | Price appreciation on Bitcoin is not coming from an E.T. |
| 0:05.0 | The price appreciation that's going to make Bitcoin scream over a million dollars a coin |
| 0:12.0 | is going to be when the the fixed income market |
| 0:14.9 | comes to the realization that the 5% inflation is not going away. |
| 0:20.3 | Hello there from Austin in the great state of Texas and a big thanks to Parker Lewis for hosting me last night for beers and barbecue. |
| 0:28.0 | How are you all doing? |
| 0:30.0 | The comes looking strong right now. |
| 0:32.0 | We could be in for a very exciting end to the year. |
| 0:34.8 | Anyway, welcome to the What Bitcoin did podcast which is brought to you by Gemini, |
| 0:38.8 | the only place I am using for buying Bitcoin. I'm your host Peter McCormack and today I've got my first |
| 0:43.6 | WBD live with Marty Bent and Preston Piersch which was recorded last week in |
| 0:48.6 | Nashville but before that I do have a message from my show sponsors and today we're going to kick off with Sports Bet. |
| 0:54.5 | I.O. which is the very best place for online gaming because they are bad as is. |
| 0:58.4 | They accept Bitcoin and if you're into gaming. |
| 1:01.0 | They cover everything. |
| 1:02.0 | They've got football, they've got |
| 1:03.7 | e-sports, they even cover all the American sports, the sports I like to see when I'm |
| 1:08.5 | out here and I'm hopefully going to be going to see a Raiders game soon and |
| 1:11.2 | I've got the boxing this weekend. We got Fury |
| 1:13.3 | fighting wilder their third fight should be excited stuff. Now if you want to |
| 1:17.1 | find out more please head over to sports bet.io forward slash promotions which is |
| 1:21.0 | SPO r t s, E.T dot I. |
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