Episodes

  • “The challenge that central banks face around the world is death by ice or fire; do you want things to unravel in a deflationary collapse, or do you want to keep stoking the fire of inflation… in history, the vast majority of fiat currency regimes die by fire, not by ice - when push comes to shove, they print.”
    — Lyn Alden

    Location: Remote
    Date: Wednesday 26th January
    Company: lynalden.com
    Role: Macroeconomist

    January 2022 has been tough for Bitcoiners, a lacklustre end to 2021 has been followed by a drawdown. However, the stagnation of Bitcoin’s price has mirrored wider macroeconomic issues as both bond and equity markets react to inflationary pressures. This has resulted in a flurry of criticisms that Bitcoin is not the inflationary hedge it has been purported to be.

    Yet, the economic rationale that drove Satoshi’s development of Bitcoin is manifest. Decades of relaxed monetary policy, an era of cheap money, has resulted in significant excess capital being generated. A lot of this has been ploughed into US equities. Lyn Alden’s latest newsletter likens the stock market performance over the last 40 years to a sponge soaking up water.

    Well, that sponge seems to be saturated. The US equities now represent over 61% of the market capitalization of all global stocks. At the same time, inflationary pressures are forcing the hands of governments around to world to raise interest rates. Fears of stagflation abound. The sponge is about to get wrung out.

    Economic history shows these are the periods when hard money becomes dominant. That’s why hodlers continue to hodl.

    In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss the signals pointing to the end of the equities supercycle, the risks of energy prices continuing to drive inflation, the IMF and El Salvador, central banks being at an impasse, and Bitcoin’s next play.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD455 - Show Notes

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    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

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  • “What I ultimately want to do with this Bitcoin discourse is try and bring as many people as possible to talk about it in a way that ceases to alienate particular ideological camps who for whatever reason have been trained quite effectively to be hostile to a technology that can actually empower them.”
    — Glenn Greenwald

    Location: Remote
    Date: Monday 24th January
    Project: balajis.com, glenngreenwald.com.br
    Role: Angel Investor & Entrepreneur, Journalist and Author

    US exceptionalism and continuance of its role as the world's leading power is under threat. Whilst it is arguable whether America has truly lived up to being that ‘Shining City on a Hill’, it’s potential demise and a resultant shifting balance of power eastwards should give those who believe in freedom and privacy pause for thought.

    The reasons for the current predicament are varied and complex. Whilst there are powerful external forces seeking to damage the US, the most critical wounds are those that have been self-inflicted. Of these, a breakdown of public trust in government and the media are perhaps the most consequential.

    The impacts are apparent to all: polarisation, ineffective governance, paranoia, stasis. All the while, China continues to make bold and aggressive moves aimed at supplanting the US.

    All of this has occurred in a relatively short period of time. Just 30 years ago the Soviet Union fell, whilst Chinese nominal GDP was 6% of the US’s. Complacency and a focus on fighting imaginary enemies allowed rot to set in. Does Bitcoin offer an opportunity for the US to regain it’s discipline whilst also living up to the mantle of being the land of the free?

    In this interview, I talk to angel investor Balaji Srinivasan and journalist Glenn Greenwald. We compare American incompetence to Chinese competence, how Bitcoin offers hope, why the US establishment has struggled to assimilate new technology and the damaging conflict between tech and media over the past 20 years.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD454 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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    If you do send a tip then please email me so that I can say thank you

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  • “Bitcoin is a commons, a monetary commons… a shared resource which people can use and then it’s within their interests to keep that resource going and nurture that resource and help it to grow - and that’s what Bitcoin is; and if any private interests try to co-opt Bitcoin…then ‘Bitcoiners’ attack it.”
    — Ben Arc

    Location: London
    Date: Thursday 13th January
    Project: LNbits, NOSTR
    Role: Bitcoin and free open source software advocate

    What are the politics of Bitcoin? Satoshi in a post in 2008 said “It's very attractive to the libertarian viewpoint if we can explain it properly.” And, it certainly has garnered a strong libertarian following, principally because of its unique utility to undermine governments’ control of money.

    However, Bitcoiners are a broad church. The original cypherpunks philosophy was predicated on anarchist ideals, to work outside of government controls. This attitude is analogous to a wide variety of political philosophies, including those on the left who feel disenfranchised by the current global capitalist hegemony.

    There is a strong and growing group of left-leaning Bitcoiners, who see the protocol as a radical means of achieving a fairer society where the levers of power and organisation are controlled by a community rather than elites.

    This may trigger a powerful section in Bitcoin whose views are antithetical to those on the left. And yet, this broad range of communities with divergent dogmas have all enabled Bitcoin to develop its critical mass. This is because early adopters viewing Bitcoin as a philosophy, whatever that philosophy may be, has inspired ardent advocacy and robust hodling behaviour.

    It surely underlines the genius of Bitcoin’s protocol if those with seemingly divergent opinions can all lay claim to the benefits of the technology. Furthermore, history has shown that robust societies are ones where ideas are debated, tested, and then synthesized. If we can do this as a community we have a real opportunity to lay the foundations for a more open and fair society.

    In this interview, I talk to Ben Arc, an industrious Bitcoin and free open source software advocate. We discuss the attraction of Bitcoin to those on the left, Bitcoin as a commons for society, developing open source applications to take on big tech, and Marxism.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD453 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “Most football clubs stand for one thing, which is winning... we stand for a little bit more, we stand for financial literacy. Which I think is super important in the world of football because most clubs operate like they haven’t got any fucking idea about financial literacy.”
    — Peter McCormack

    Location: London
    Date: Thursday 13th January
    Company: Real Bedford
    Role: Chairman

    For years I have wanted to buy a football club in Bedford and get them in the football league. Now it’s a reality as I have agreed to acquire Bedford FC and set up the first Bitcoin standard football club: Real Bedford. And, it’s thanks to Bitcoin and its amazing community.

    There are two prime motivations. Firstly I want an opportunity to play my part and help spread the wider exposure, education, and adoption of Bitcoin. There are many great people I’ve been fortunate to interview over these past few years who have provided real value to the ecosystem.

    Secondly, I want to give something back to my hometown where I still live: Bedford. Like many small towns throughout the UK and around the world, it has gone through various waves of growth and contraction that have tested its identity. A football club that’s able to compete at the highest levels could provide a positive focal point for the town and put it firmly back on the map.

    Don’t be fooled into thinking this isn’t without major challenges. I have never run a football club before, we’re 9 leagues below the Premier League, I have other significant commitments, and there’s widespread incredulity about my ambitions. But, this is a boys’ own dream, and I want to take you along for the ride.

    In this interview, Bitcoin advocate and good friend of What Bitcoin Did Dominic Frisby talks to Peter McCormack, Chairman of Real Bedford. We discuss the dream to help Bitcoin and Bedford, learning to run a football club, and documenting the adventure.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD452 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “The very first sentence of the White Paper says that Bitcoin is a peer to peer electronic cash system that can allow people to send payments without going through financial institutions. That’s the first sentence: built around self custody, not around inflation protection, not around digital gold.”
    — Nick Neuman

    Location: New York
    Date: Thursday 9th December
    Company: Casa
    Role: CEO

    Not your keys, not your coins.

    Despite being a central mantra of Bitcoiners, self-custody is still an issue for the ecosystem. Whether it be major institutional investors or new small volume retail buyers, there are material concerns over the risks and technical skills required with being responsible for Bitcoin keys.

    Whilst delegating custody removes perceived barriers to entry, they present new risks to individuals and the wider network. These new risks may be nebulous and abstract to many. But they are real and significant issues that contravene Satoshi’s central mission for a decentralized self-sovereign system of peer to peer cash.

    The paradox is that rather than requiring specialist technical skills, modern hardware wallets are both significantly more user friendly and intuitive than their recent predecessors. This is both in terms of the products themselves and the support infrastructure (i.e. helplines etc.) provided by manufacturers.

    Whilst it may be easy to have someone else store your bitcoin, it is still the case that if you don’t own the keys, you don’t control the coins. The irony is you may only discover this at the time you are in most need of your bitcoin.

    In this interview, I talk to Nick Neuman, CEO of Casa. We discuss the scale of third-party custodying of bitcoin, the inherent risks of delegating bitcoin custody, the security and support provided to users of hardware wallets, and the latest innovations.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD451 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “A lot of us when we talk about Bitcoin we’d say look it’s schmuck insurance, or it’s a digital gold analogue or replacement. But because it can also be used as money, yes it’s very volatile, but it also has upward volatility, not a persistent depreciation of value over time like you have with some of these other currencies you’re going to hold your assets in.”
    — Ryan Selkis

    Location: New York
    Date: Tuesday 6th December
    Company: Messari
    Role: Founder & CEO

    Bitcoin’s architecture uses decentralisation to achieve censorship-resistance and permissionless access to a revolutionary monetary protocol. And despite thousands of altcoins that claimed to be better or faster over the years, Bitcoin reigns as the non-sovereign store of value in the digital world.

    However, what is not yet clear is if the wider world of ‘crypto’ can achieve similarly permissionless innovation outside of money, or if they are instead ‘decentralised in name only’.

    Can these protocols resist influence by powerful actors? What is ‘enough’ decentralisation? Will the fundraising-via-token model survive the SEC? Will they adapt to increasing pressure? Is there real innovation, or is it all just a house of cards of venture capital and marketing? Many questions remain.

    As Bitcoiners it is important to engage those with broader outlooks, even if we have seemingly incompatible ideologies.  The battle of ideas involves free, open, and respectful discussion.

    In this interview, I talk to the founder and CEO of the research and data firm Messari, Ryan Selkis. We discuss Messari’s industry-leading opus on the state of the ecosystem, Bitcoin and gold, regulation, both sides of the Web3 debate and the differentiation of Bitcoin and ‘crypto’.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD450 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “There comes a point where everybody knows holy cannoli these currencies have no value, none, zero. Get me out of here, get me something else… get me something that doesn’t represent a claim that is run by a government that is completely, utterly, devoid of morals and out of control.”
    — Lawrence Lepard

    Location: Remote
    Date: Wednesday 12th January
    Company: Validus Power Corp; Equity Management Associates
    Role: Bitcoin Strategist; Investment Manager

    For an extended period of time, a working career for many, the economic system has been going in one direction: interest rates have been declining, whilst bonds have been on an extended bull market. Since the economic chaos of the 1970s, a globalizing world has been aligning around a reasonably stable and predictable financial paradigm.

    That all changed in 2007 when the global financial crisis turned traditional financial markets upside down. The crisis normalised extraordinary measures like open market operations and quantitative easing.

    Little did we know that the turmoil of the global financial crisis was setting the stage for even more anomalous actions by central banks. In response to the pandemic, the US treasury in 2020 increased the money supply by 20%. This stimulus was mirrored by governments across the world. 

    In a collective state of denial, the world's leaders all seem to have believed that this sudden massive injection of money will not have a systemic impact on world economies. The velocity of money would keep pace, that deflationary pressures would balance out, or that these massive sums of new money somehow wouldn’t seep into the ‘real’ economy.

    Herbert Stein was an American economist, who amongst other things was chairman of the Council of Economic Advisers under Richard Nixon and Gerald Ford. In 1986 he presented Stein's Law: "If something cannot go on forever, it will stop." Unprecedented activity on the bond markets last week suggest that the can being kicked has run out of road; the state of denial may be over.

    In this interview, I talk to Bitcoin Strategist Greg Foss and Investment Manager Lawrence Lepard about last week's extraordinary activity in the bond markets. We discuss the convergence of economic constraints boxing in the Fed, the pretence of bond value, contagion risks, and using Bitcoin for capital protection at the individual and national level.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD449 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “This decentralized power concept is very important… the reason why we have the democracy issues, the reason why we haven’t seen broader economic opportunity is because we do have this concentration of economic power.”
    — Morgan Harper

    Location: New York
    Date: Friday 10th December
    Project: Democratic primary for 2022 US Senate election in Ohio
    Role: Democratic candidate 

    It is a common refrain that US politics is broken: a two-party system limiting serious debate, corporations corrupting politics via PACs and lobbyists, media monetizing rage, a polarised electorate demonizing the opposition. The themes are well worn, but nothing seems to change.

    At the same time, society is beset by a growing list of material issues: rising inequality, a squeezed middle class, unprecedented levels of debt, impacts of technology on jobs, climate change, the rise of China, etc. etc. etc. 

    There are strong grounds to suggest that such issues can only be only mitigated or solved through coordinated action managed by the government. There are equally persuasive arguments that rather than fix things, the government actually exacerbates problems. 

    If we are to start to repair society, we need to fix politics. This starts with having politicians citizens can trust, politicians that are informed, politicians not beholden to corporations, politicians that make decisions based firmly on the merit of an argument.   

    Cynicism is justified, but it does seem there is a new cohort of budding representatives on both sides of the political spectrum who want to bring such change.

    In this interview, I talk to former senior advisor at the Consumer Financial Protection Bureau and prospective Democratic candidate for the 2022 US Senate election in Ohio, Morgan Harper. We discuss her political motivations, removing corporate money from politics, how Bitcoin can help level the playing field, and taking politics out of policy.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD448 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “The singularity is a point on an exponential curve whereby change starts to happen at exponential rates that you just can’t predict and you can’t understand. If we don’t figure out how to use Bitcoin to lift everyone’s economic ladder up… then the risk factors to the future are just too high.”
    — Austin Hill

    Location: New York
    Date: Wednesday 8th December
    Company: Former CEO of Blockstream
    Role: Entrepreneur, VC & Cypherpunk

    It is a common refrain that we are living in unprecedented times. Yet, the most inconceivable changes to society are ahead of us. A confluence of exponential forces could see our species either flourish or wither. The changes that these forces will bring are fast approaching.

    A technological singularity is predicted to occur in a generation: innovations will bring rapid change that is both bewildering and uncontrollable. These technologies will become increasingly cheaper and ubiquitous such that the risk profiles associated with misuse will grow significantly.

    At the same time, we risk seeing the traditional financial systems shatter as exponential growth in debt finally becomes unsustainable and deflationary pressures finally dominate to destroy traditional credit systems. 

    Bitcoin can’t solve all these problems, but it is a central part of the toolbox of solutions. 

    In the second of two interviews, I talk to Austin Hill, the entrepreneur, cypherpunk & venture capitalist. We discuss the singularity and vulnerable world hypothesis, how technology can strengthen totalitarianism and the role of Bitcoin in harm reduction.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD447 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “Everyone thought we had this masterplan for Blockstream… I literally went to our investors and I said ‘You need to look at Bitcoin as the Manhattan Project of the financial singularity. The world of finance will be completely remade with Bitcoin at the core. It is literally like creating atomic fusion that Feynman and Teller and Oppenheimer did…we’re going to need a shit load of money, and I have no idea how we’re going to make money, but we’ll figure it out.’”
    — Austin Hill

    Location: New York
    Date: Tuesday 7th December
    Company: Former CEO of Blockstream
    Role: Entrepreneur, VC & Cypherpunk

    Many are still ignorant of the cypherpunk movement. Yet, it is arguably one of the most consequential enterprises in the history of man.  

    The rise of civilization has been marked by a slow shift from centralized control to increasing levels of individual sovereignty. This was accelerated by the industrial revolution, with political institutions adapting to facilitate increasing levels of democracy. 

    Democracy peaked in 1990's: Francis Fukuyama predicted in 1992 universalization of liberal democracy would lead to 'The End of History'. But in only a generation, this certainty of the future has been lost. We are now at a critical junction, where many fear technology could allow for a permanent totalitarian structuring of society. 

    Cypherpunks seek to ensure the balance of power is in the hands of the individual. Foreseeing the inherent danger to maintaining an open society in the electronic age, they have and continue to devise privacy-enhancing technologies. "We know that someone has to write software to defend privacy, and... we're going to write it." A Cypherpunk's Manifesto (Eric Hughes, 1993). 

    The future role of the individual, and the essence of civilization, is in the hands of an informal, diligent, dispersed, and largely unheralded cohort of computer and cryptography experts. 

    I sat down with Austin Hill, one of the original converts to the cypherpunk movement, and more lately, a pivotal safeguarding figure for Bitcoin. In the first of two successive interviews to be released, we discuss how he discovered the cypherpunks, his challenging early endeavours, a reawakening through Bitcoin, and the risks and opportunities for the future. 

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD446 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

    Subscribe to the newsletter on my website

    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “If you could pick one variable in the whole world that you had to understand that would be your go to indicator, inflation would be the thing to me; you tell me what the rate of inflation is in twenty years, I’ll tell you pretty much what most financial assets have done, whether it’s bitcoin, bonds, stocks, whatever.”
    — Cullen Roche

    Location: New York
    Date: Saturday 5th December
    Project/company: Pragmatic Capitalism, Orcam Financial Group
    Role: Chief Investment Officer

    In the 1980’s, Harry Browne devised an investment strategy designed to perform well in all economic conditions. It is referred to as the Permanent Portfolio. Investments are equally allocated to stocks, bonds, gold, and cash. The objective is for the portfolio to perform well in all economic conditions.

    But Harry Browne’s strategy was developed in a period when short term boom and bust debt cycles were still a feature of economic systems. Since the global financial crisis of 2007, the debt cycle hasn’t been allowed to function properly: recessions have been mitigated through unprecedented governmental monetary and fiscal stimulus programmes.

    In this new paradigm, where inflationary pressures cast a large shadow, what are the best investment strategies to take? Certain Bitcoiners are all in on the new form of money designed for these times. This does not fit everyone's risk appetite. But, having a portfolio that lacks exposure to Bitcoin risks missing out in a market that could otherwise be devoid of alpha.

    Then there is also a geographical variable at play: the US has certain inherent strengths that are not available to citizens of other countries, significantly affecting investment decisions.    

    In this interview, I talk to investment strategist and founder of the educational website Pragmatic Capitalism, Cullen Roche. We discuss the drivers for inflation, the role of government, investment strategies during uncertain times, and the place for Bitcoin in asset portfolios.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


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    WBD445 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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  • “Bitcoin was a hacked together project run by a nym…why don’t we see web3 projects done the same way? Because they can’t raise a shit ton of fucking money from American venture funds, and those American venture funds are the vulnerability because they will get pressured and they will censor things.”
    — Matt Odell

    Location: Remote
    Date: Tuesday 28th December
    Project: Tales from the Crypt, the Rabbit Hole Recap
    Role: Co-host, host

    Twelve months ago, we felt 2020 had been a defining year for Bitcoin, yet it pales into insignificance compared to what bitcoin has done in 2021. Microstrategy, Elon Musk, El Salvador, China, the list goes on. And now we have a football club run on the Bitcoin standard!

    Each event was surprising and seismic. And yet, we end the year feeling like the price has tracked sideways (albeit with the characteristic volatility). Now, the year ends with some red lines being drawn by powerful players on either side of the Web3 debate. 

    It’s time to take stock, review what just happened and what is in store for 2022.

    To round off 2021, I talk to Matt Odell, co-host of Tales From the Crypt and host of the Citadel Dispatch. We discuss everything in Bitcoin in 2021, from the Bitcoin podcast space, price action, Elon Musk, El Salvador, Web3 and a Bitcoin Football Club.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting
    LVL - Bank on Bitcoin
    BCB Group - Global digital financial Services


    -----

    WBD444 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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    If you do send a tip then please email me so that I can say thank you

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  • “A lot of people take for granted that the current system benefits the US… it basically extends our hegemonic reach, but at the cost of our own domestic vibrancy. There’s a knee jerk reaction for politicians to defend the dollar system, when if they go down the rabbit hole they realise that for maybe 90% of Americans the dollar system is not really working for them anymore.”
    — Lyn Alden

    Location: New York
    Date: Wednesday 8th December
    Project: lynalden.com
    Role: Macroeconomist

    These are strange times. The US Dollar’s established role as the global reserve currency is under threat from competing powers, most notably China. However, at the same time, Bitcoin, a nascent and denigrated decentralized digital asset, has grown so rapidly it is now being seriously considered as a potential competitor to all nation-state currencies.

    The dominant international role of the US Dollar wasn’t inevitable; it was the result of deliberate and coordinated efforts to ensure it replaced gold as the backstop for global economic activity. These measures have had relatively short term benefits for some powerful groups within society but at the expense of the cohesion of the US nation-state and geopolitical freedoms.

    Inevitably “all pegs break”, and thus, due to various factors, the US dollar is coming under increasing pressure: declining international interest in taking on US debt; increasing geopolitical competition; and domestic fatigue with the unequal societal consequences of having monetary dominance. 

    Yet, instead of a new nation-state currency replacing the US Dollar, Bitcoin has the potential to be a viable hard money replacement. 

    The currencies of the world are in flux. 

    In this interview, I talk to macroeconomist and investment strategist Lyn Alden. We discuss currency wars, positive and negative consequences for the US having a global reserve currency, the consolidation of global currencies and whether Bitcoin can become an alternative reserve currency.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD443 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

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  • “If we break the all time high properly, we run through the fibs and let’s face it $69k to $100k is nothing.”
    — Willy Woo

    Location: Remote
    Date: Thursday 23rd December
    Companies: Hypersheet
    Role: Co-Founder

    2021 has been a year like no other in Bitcoin. The market has matured dramatically with increased institutional interest following the Michael Saylor and MicroStrategy playbook, El Salvador driving nation-state adoption and more sophisticated market instruments with the launch of two US-based Bitcoin futures ETFs.

    The maturing of the market seems to have broken the typical 4-year cycle around the halving. No longer are we seeing huge parabolic run ups and massive +80% sell-offs. Instead, we have had much more complex price action throughout the year. After hitting mid-$60,000s in May, we had a 50% correction followed by months of consolidation before another run-up and a new all-time high in November. 

    Now, at the end of 2021, the bitcoin price is ~$50,000, and while it is still the same price as it was in February, so much has changed. So if the traditional market cycles are broken and we are entering a new, more mature period for Bitcoin, what will 2022 bring?

    In this interview, I talk to Willy Woo, an on-chain analyst and Co-Founder of Hypersheet. We discuss how the price action in 2021, what to expect in 2022 & beyond and how the market has matured.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD442 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “It’s really only been this calendar year that all public miners started to hold almost all of their output… miners used to be the source of incremental liquidity of bitcoin into the system, but now that so many miners are holding, it is restricting supply.”
    — Jaime Leverton

    Location: New York
    Date: Thursday 9th December
    Companies: Galaxy Digital; Hut 8 Mining
    Role: Head of Mining; CEO

    Satoshi’s white paper introduced the principle of bitcoin mining as both an incentive for creating new blocks, as a means to distribute coins into circulation, and as a means of encouraging nodes to remain honest. Mining is, therefore, the bedrock for Bitcoin. Yet, it is poorly understood even by the most experienced Bitcoiners.

    The manufacturing of mining hardware is currently dominated by a Chinese duopoly, which in turn depend upon just two Asian semiconductor companies. Whilst the market for mining hardware is more decentralised, a sizable proportion of ownership is in private hands. Thus, it is hard to get reliable data on the size of the market in terms of hashpower, machine units, and mining costs. 

    Combined with bitcoins volatility, this significant uncertainty makes the financing of Bitcoin mining a complex market. Added to this are the difficulties caused by trade tariffs on Chinese goods and the current drama of ubiquitous supply chain issues affecting chip supplies and freight logistics. Finally, mining companies are in the firing line over perceived environmental impacts.

    Yet, despite all of these headwinds, Bitcoin mining is a thriving business in both the United States and Canada. Investment is at an all-time high, innovation is driving operations to maximise the hash rate, and the wider world is waking up to how it supports the energy grid and rural communities.

    In this interview, I talk to Amanda Fabiano, Head of Mining at Galaxy Digital and Jaime Leverton, CEO Hut 8 Mining. We discuss the current ASIC and mining markets, running operations in an uncertain industry during uncertain times, ESG FUD and the future of mining.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD441 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “When you make this change that we just talked about going from Proof of Work to Proof of Stake you break a lot of the really cool stuff…I don’t think any of us appreciated the complexity and how much fixing we’d have to do after breaking Nakamoto consensus.”
    — Lane Rettig

    Location: New York
    Date: Sunday 5th December
    Project: Ethereum
    Role: Core Developer

    The Proof of Work (PoW) consensus protocol is under relentless attack. 

    Earlier this month The House of Representatives held a hearing on digital assets. Rashida Tlaib dismissively questioned PoW, quoting erroneous Bitcoin transaction energy cost data. In response Stellar’s CEO Denelle Dixon implicitly agreed PoW was energy intensive, and that “we all need to focus on minimizing the energy consumption as much as possible”.

    The next day Ripple’s co-founder Chairman Chris Larsen published a medium article that stated “Bitcoin’s code needs to be changed to a low energy consensus algorithm like those used by nearly all other major crypto protocols.” 

    Last week CNBC interviewed the CEOs of 2 wealth management firms. One stated the following:

    “Bitcoin operates on PoW: that’s the older technology, it’s slower, it’s really a drain on energy. Proof of Stake (PoS) is the newer system, it’s where I’d want my money going. It’s less energy intensive. It’s faster. It’s more secure."

    In potentially the biggest change to any blockchain ever implemented, Ethereum is planning to move from PoW to PoS. PoS has been argued by its proponents (most notably Vitalik Buterin) to not only be less energy intensive than PoW, but to also provide significantly much cheaper security, and greater decentralization.

    But, the arguments dismissing PoW and recommending PoS are fundamentally flawed.

    In this interview, I talk to the former Ethereum Core Developer Lane Rettig, who now works as a core developer for Spacemesh. We discuss the history and logic behind PoW, the drivers for developing new consensus protocols, how PoS is set to work within Ethereum, and the significant flaws and risks this proposed change entails. 

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD440 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

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  • “You quickly learn that [bitcoin] is an extremely robust system that is designed to only go up.”
    — Kieran Gibbs

    Location: Washington D.C.
    Date: Wednesday 1st December
    Project: Inter Miami
    Role: Professional Footballer

    Ever since Russell Okung's famous “Pay me in Bitcoin” tweet, the trend for professional athletes taking their salary in Bitcoin has been on the rise.

    Russell teamed up with Strike to take payment in Bitcoin. Earlier this year, Odell Beckham Jr revealed he would take his salary in Bitcoin thanks to Cash App, and most recently, Kieran Gibbs announced his intention to take half his salary in Bitcoin with the help of XBTO.

    Kieran Gibbs is an ex-England international who built his career playing for Arsenal. He now plays in the MLS with David Beckham's new franchise Inter Miami.

    In this interview, I talk to Kieran Gibbs, and we discuss his journey down the Bitcoin rabbit hole, his decision to take his paycheque in Bitcoin, as well as his playing career and move to the MLS.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD439 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “People are running from a system that’s clearly organised by cynical malevolent types in the financial system and they’re running straight into the arms of a system which is organised by a different group of predators… that’s the fear I have with crypto.”
    — Matt Stoller

    Location: Washington D.C.
    Date: Saturday 4th December
    Project: American Economic Liberties Project & Coin Center
    Role: Director of Research & Research Director

    2021 has been a monumental year for Bitcoin for many reasons. As a result, Bitcoin has matured in the minds of casual observers: it is now seriously viewed as a viable alternative to other forms of money. Whilst this is a validation for proponents, such a situation is like a fever dream for those who believe in the primacy of the state.

    China has banned private digital assets. The IMF is concerned about the impact of digital assets on financial stability. On Wednesday, the lead economist at the IMF stated that urgent international coordination is required to implement regulation. India’s Prime Minister Narendra Modi has echoed these comments.

    There are also concerns from more vocal advocates for democracy. Such people argue there is no such thing as deregulation: someone is always making the rules. The decision is whether such rules are made within the purview of collective agreement, or by unelected and unaccountable powers. This community thinks Bitcoin undermines the state and thereby democracy.

    Bitcoin is rightly or wrongly associated with an anarcho capitalist ideology. Yet, the Bitcoin community is a broad church. There is a growing sense that a silent majority who still believe in government, but also see Bitcoin as a powerful check on centralised control. They view Bitcoin as second amendment rights for money. 

    In this interview, I talk to Matt Stoller: author of ‘Goliath: The 100-Year War Between Monopoly Power and Democracy’, about his recent newsletter post ‘Cryptocurrencies: A Necessary Scam?’. To make the case for Bitcoin I am joined by Coin Center’s Peter Van Valkenburgh. We discuss the issue of power consolidation, the current crisis with democracy, and the monopoly of money.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD438 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

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    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “Bitcoin’s one of the most American innovations, maybe even since the constitution. It levels the playing fields completely. It’s ruled by rules not rulers… I think it really can be this glue that brings this divided country back together.”
    — Amanda Cavaleri

    Location: Washington D.C.
    Date: Sunday 5th December
    Project: Bitcoin Today Coalition
    Role: Leadership & Advisory Board

    Studies have shown that education improves decision-making ability, that’s not a great surprise. The real breakthrough in the latter part of the 20th century was the identification that educational efforts in adults are best directed at correcting for cognitive bias: our subconscious subjective version of reality that can lead us to making irrational decisions.

    This issue is widely apparent in the modern world dominated by disruptive technology seeking to undo long established but ineffective human developed systems. That such systems are controlled by power structures dominated by an older generation makes this issue more acute.

    This is perhaps the greatest risk for Bitcoin: blind or willful ignorance leads to irrational decision making at the level of the state. That is where organisations such as the ‘Bitcoin Today Coalition’ come in. It is an interest group representing Bitcoin holders and the wider Bitcoin industry. One of its core aims is to increase Bitcoin literacy within America’s legislative and regulatory bodies. 

    In this interview, I talk to 2 leaders of the Bitcoin Today Coalition: CJ Wilson and Amanda Cavaleri. We discuss educating the political class on Bitcoin and how it can make a strong America through strengthening energy grids, revitalizing rural economies, and giving those on the bottom economic rung equal access to a financial system.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD437 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

  • “Often times those people who portend to care the most about the impoverished in our community are the ones in many ways that are the most hostile to Bitcoin, which is wrong; it’s absolutely wrong.”
    — Mayor Francis Suarez

    Location: Miami
    Date: Wednesday 1st December
    Organization: City of Miami
    Role: Mayor of Miami

    It is a common refrain that politics is in crisis. Polarization is producing deadlock. Election cycles mean big decisions are kicked down the road. A lack of term limits in congress results in a generation of out of touch leaders.

    But there is hope. A new cohort of energised and informed political leaders willing to tackle systemic issues are coming to the fore. Emblematic of this shift is the Mayor for the City of Miami Francis X. Suarez.

    Galvanised by dealing with the impact of the 2007 financial crisis on municipal government, Mayor Suarez recognized that executive power means creating the conditions for prosperity: sound fiscal discipline, attractive tax codes, and a government that supports entrepreneurship.

    Mayor Suarez also knows that leadership is key in an uncertain and changing world. He understands how Bitcoin is leading a change to resolve broken human systems through code. Providing a vision of a Bitcoin led future aims to give Miami’s citizens a new sense of economic hope and trust, both for themselves and the generations to follow.

    In this interview, I talk with Mayor Francis Suarez about leading the City of Miami. We discuss the political system, the role of a Mayor, and running a successful city. Further we talk about how Bitcoin re-energises capitalist systems, the benefits of Bitcoin mining, and MiamiCoin.

    This episode’s sponsors:
    Gemini - Buy Bitcoin instantly
    BlockFi - The future of Bitcoin financial services
    Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
    Casa - The leading provider of Bitcoin multisig key security.
    Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
    Ledger - State of the art Bitcoin hardware wallet
    Compass Mining - Bitcoin mining & hosting


    -----

    WBD436 - Show Notes

    -----

    If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:

    Become a Patron and get access to shows early or help contribute

    Make a tip:
    Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
    QR Codes: Bitcoin
    If you do send a tip then please email me so that I can say thank you

    Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

    Leave a review on iTunes

    Share the show and episodes with your friends and family

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    Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube

    If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.