What is Bitcoin? With Parker Lewis, Robert Breedlove & Vijay Boyapati - WBD265
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 2 October 2020
⏱️ 91 minutes
🧾️ Download transcript
Summary
Location: Squadcast Date: Tuesday 22nd September Company: Unchained Capital, Parallax Digital & Senior Software Engineer Role: Head of Business Development, Founder & Peach
If you ask 100 people what Bitcoin is, you will likely get 100 different answers. Whether it is a medium of exchange, gold 2.0, a hedge against inflation or purely as a speculative asset, all of these answers are valid.
The decentralised nature of Bitcoin means that it has no owner and no single leader who decides what it is or how to use it. Bitcoin is an entirely personal experience based on the needs of the individual. As such, since its inception in 2009, Bitcoin has had many narratives.
Championed initially as being a tool for digital commerce, with the advent of the Silk Road and other dark markets it's censorship-resistant property grew in popularity. More recently, Bitcoin is widely considered as gold 2.0 and a must-have asset to protect your wealth against inflation.
With the absence of a central narrative, infighting is typical in Bitcoin, most notably in 2017 with the contentious Bitcoin Cash fork over what some believed the purpose that Bitcoin should serve. However, central to Bitcoin is its permissionless nature and therefore any Bitcoiner can choose to use it however they wish.
In this interview, I am joined by Parker Lewis, Robert Breedlove and Vijay Boyapati to answer the question: what is Bitcoin? We discuss the use cases, what money is, institutional investors and the path to hyperbitcoinisation.
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Transcript
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| 0:00.0 | If anything I've ever looked at in my life, I would put Bitcoin as nearest inevitable as I could. |
| 0:10.0 | Hello there from the United Kingdom, how are you all? |
| 0:12.8 | Welcome to the What Bitcoin did podcast, |
| 0:14.4 | which is brought to you by the mighty Cracken, |
| 0:16.3 | the best place to buy, sell and trade Bitcoin. |
| 0:18.7 | I'm your host Peter McCormack, and today, listen, |
| 0:21.2 | I've got a monster show. I've got Parker Lewis, Robert Breedluff, and |
| 0:25.1 | V.J. Boyer Party asking the perennial question, what is Bitcoin? But before that, I do |
| 0:30.4 | have a message from my amazing sponsors. So first up this week we have BlockFi, the future of |
| 0:35.0 | Bitcoin and financial services. Now with BlockFi, you can open up an interest account and start earning |
| 0:40.9 | on your Bitcoin. Now I'm a customer, I have been for nearly a year now |
| 0:44.9 | and I've nearly made a whole Bitcoin in interest, |
| 0:47.4 | which is very, very cool. |
| 0:49.4 | Also with BlockFi, using Bitcoin's collateral, |
| 0:51.8 | you can take out a U.S.D loan, and you can also fund your BlockFi account directly from your Bitcoin wallet. |
| 0:57.0 | And with the BlockFi mobile app, you can now fully manage your account on the go. |
| 1:02.0 | They have got some other amazing things |
| 1:04.2 | coming later this year. The team is working on some huge things I can't wait to |
| 1:08.9 | tell you about. But if you are interested in checking out Block Fight I do do recommend you do your own research, then head over to BlockFi.com, which is BLO,C, K, F, I, also we need to talk about Cracken, my favorite place for buying and selling Bitcoin. It is the only place I use for buying |
| 1:25.8 | and selling Bitcoin. Now why do you do that, Pete? Well, they are consistently rated the best and most |
| 1:32.4 | secure a cryptocurrency exchange and |
| 1:34.3 | security is really really important to me they also have the best in class in |
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