Will Blackrock Be Bitcoin's Suddenly Moment? With Parker Lewis - WBD696
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 14 August 2023
⏱️ 90 minutes
🧾️ Download transcript
Summary
In this interview with Parker Lewis, we discuss the book he is currently writing, the Bitcoin scenes in Austin and Nashville, the triggers for a significant shift in Bitcoin adoption, the potential effects of hyperinflation, and how governments may seek to regulate and tax Bitcoin.
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Everyone has their own Bitcoin journey. However, each journey takes a very similar route: cynical awareness, dabbling, investing, rabbit hole, awareness, getting burnt, realisation, all in, obsession. Gradually, then suddenly. The process explains the rationale behind hodling, but also, why adoption takes time. Bitcoin requires effort before the payoff can begin. Proof of work.
Understanding Bitcoin also requires a fundamental change of perspective. Society long ago jettisoned the logic of adhering to a low-time preference; the modern consumerist fiat system is predicated on living for the now. The intellectual and moral hollowness of this approach is manifest in the multitude of major issues confronting our society today.
We need a realignment with a more mature ideology best imagined by the famous Greek proverb 'Society grows when men plant trees that they know they will never sit under'. This realignment may result more from necessity rather than an awakening: the seeds of hyperinflation have been sown into the economic fabric of most nations, and we're starting to see the edifice crumble. Those who adopt Bitcoin first will be best placed to weather the coming storms.
There is a flip side risk for those who hold Bitcoin. History is littered with examples of the state confiscating private wealth. This risk is obviously most acute when the state's coffers have run dry. The fact is that global debt is now at an all-time high; further, deficits keep increasing. Now, with rising interest rates, debt levels are becoming unmanageable. A reckoning is coming. Prepare accordingly.
Show notes: https://www.whatbitcoindid.com/podcast/will-blackrock-be-bitcoins-suddenly-moment
This episode's sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably Ledn - Financial services for Bitcoin hodlers Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence
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Transcript
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| 0:00.0 | The end game of all of these currencies is hyper-inflation, the dollar, the euro, the end of the end, every |
| 0:08.9 | view on, the ruble, all of them. |
| 0:11.8 | But I think that when one of those currencies that's run by more of a developed |
| 0:18.1 | nation, that that's when everyone is forced to adopt Bitcoin because it's the only thing that works. |
| 0:24.0 | Happy Monday. How are you all doing? Did you have a good weekend? |
| 0:28.0 | What do you do? |
| 0:29.0 | I obviously had a whole weekend of football. |
| 0:32.0 | The men drew with Cockotfusters away, |
| 0:34.1 | and the ladies had the start of their season |
| 0:36.3 | with a massive 4-1 win at home against Stephenage, |
| 0:39.0 | a very good team, so that is very caught. |
| 0:41.8 | Before we get in today's show, I do want to tell you a little bit about our live show that's |
| 0:45.2 | coming up in Sydney on September 9th. |
| 0:47.4 | We have Nick Bartier, Willie Wu, Checkmate, Russi Russell and Dan Roberts all on stage. It's our first trip to Australia. |
| 0:53.6 | So if you want to join us please do head over to what Bitcoin did.com and click on |
| 0:57.2 | WBD live. Anyway, welcome to the What Bitcoin did podcast which is brought to you by |
| 1:01.4 | the legends Iris Energy, the largest |
| 1:03.6 | NASDAQ listed Bitcoin miner using 100% renewable energy. I'm your host Peter |
| 1:07.5 | McCormack and today I have my good friend Parker Lewis back on the show. |
| 1:11.9 | Now listen Parker has back on the show. |
| 1:12.6 | Now listen, Parker has been on the podcast a few times |
| 1:15.7 | and we've, you know, most of the time we've been covering |
... |
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