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The Peter McCormack Show

Will Bitcoin End Central Banking? with Eric Yakes - WBD462

The Peter McCormack Show

Peter McCormack

Power, Politics, Government, Markets, News, Society & Culture, Technology, Society, Inflation, Finance, Bitcoin, Economics, Money

4.72.8K Ratings

🗓️ 15 February 2022

⏱️ 104 minutes

🧾️ Download transcript

Summary

Location: Los Angeles Date: Wednesday 2nd February Company: Independent Role: Author

The Bitcoin rabbit hole is a confusing, perplexing, and thoroughly exhilarating experience. It involves the dissolving of previous certainties and the discovery of a labyrinthine mass of revolutionary knowledge. It is a life-changing experience.

This journey necessitates one to consider profound and fundamental concepts that society has almost uniformly forgotten to question: what is the purpose of money, what is the best money, who decides this for us, what is money backed by? The process is like an awakening from a long and childish dream. The result is a realisation that the status quo should and can be changed.

Bitcoin is now ubiquitous; it is easy to forget that it is a nascent and rapidly evolving technology. Despite there being a growing library of valuable information by an illustrious collection of authors, those new to the subject often feel swamped. Particularly as there are factions within the community with sometimes conflicting views and opinions.

That is why it is valuable to have material written by people who have been on that journey of discovery, those who have had to unravel the twisted knot of diverse subjects that underpin Bitcoin: computer science, cryptography, economics, finance, banking, philosophy, civics, geopolitics, law. And perhaps most vitally, those able to provide a neutral position on Bitcoin.

In this interview, I talk to Eric Yakes, author of The 7th Property. We discuss the genesis of the book, the Federal Reserve, the role of libertarianism in our future, and the foundational and unique strengths of Bitcoin.


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Transcript

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0:00.0

Now that we've got a technology that actually is not only immutable, but it's better in terms of every other category for money.

0:10.0

It's a true innovation in the strongest sense of the word.

0:15.0

We can prioritize that as something that we should value as part of money now.

0:20.0

We can say, okay, we don't even need this trade-off anymore.

0:22.0

We've literally just innovated that away

0:24.4

Hello there, how are you doing? Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I am using for buying Bitcoin.

0:32.0

I'm your host Pete

0:33.2

McCormack and before we get into the interview today I have a quick message

0:37.2

from my show sponsors. This show is brought to you by BlockFi now you can get up

0:41.5

to $250 in Bitcoin when you join BlockFi now you can get up to $250 in Bitcoin when you join BlockFi.

0:45.0

They've launched their BlockFi Rewards Visa Signature card and for people in the

0:49.5

US who own or are interested in owning Bitcoin or stacking more Sats than the Block 5 rewards

0:54.8

credit card provides the easiest way for you to earn more Bitcoin because you get 1.5% back

0:59.7

in Bitcoin on every

1:03.8

purchase,

1:04.8

purchase with Bitcoin rewards and every purchase.

1:07.3

But if you interest in find out more and you do want to take out that bonus,

1:10.6

you want to get the $250 in Bitcoin then please head over to blockfire.com

1:15.0

forward slash Peter which is b-l-o c-k-f-i dot com forward slash Peter.

1:21.5

Next up it's Karsa the safest way to store your Bitcoin. Now forgotten

1:26.1

passwords Sim swaps efficient attacks there are just too many ways to have your

1:30.4

Bitcoin lost or stolen but with Karsasa you never have to worry about your

...

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