What Bitcoin Did

By Peter McCormack

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Rate for this podcast

Subscribers: 673
Reviews: 8

Chris
 Feb 10, 2021
Amazingly intelligent and accessible. Bless you Peter.

Cordner
 Feb 8, 2021
I've followed the bitcoin space for several years and subscribed to many podcasts, this is by far the best there is. Great guests & topics and Peter does a fantastic job at keeping the content relatable. Highly recommended!

Daniel Salt
 Jan 19, 2021
Great podcast - good selection of guests and a good respectful interviewer


 Oct 17, 2020


 Oct 2, 2020

Description

Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, podcast host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.

Episode Date
Bitcoin ETFs Unlock a Wall of Money with Steven McClurg & Jeff Kilburg
01:07:04

“Think of 10,000 people sitting outside the amusement park trying to get in, that’s the institutional investment community…that’s the next leg higher, that’s $100K Bitcoin.”

— Jeff Kilburg

Location: Remotely
Date: Tuesday 20th April
Company: Valkyrie
Role: CIO, Partner

Since the Winklevoss applied for the first Bitcoin ETF in 2013, many Bitcoin ETFs have been filed and rejected. Since then, the Bitcoin market has matured, and with every rejection, those applying for ETFs gain more clarity on how one could eventually be approved. 

While there have been successful filings of ETFs in Canada and Brazil, these are smaller markets, and an ETF in the US would be a game-changer. With a growing number of applications piling up and more and more of the SEC’s objections becoming resolved, it seems inevitable that a US ETF will be approved.

A Bitcoin ETF would unlock access and liquidity for a massive pool of individuals, pensions, and other institutions that are stuck waiting on the sidelines and offer an option to those who want to remain in the traditional financial rails but gain exposure to bitcoin. 

The traditional investment world utilizes the security and established plumbing surrounding ETF vehicles to connect assets with IRAs, 401Ks, and even larger structures like endowment funds.

In this episode, I talk to Steven McClurg and Jeff Killburg from Valkyrie. We discuss why Bitcoin ETFs are a game-changer, pent up institutional demand, and how soon they are coming.

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


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WBD337 - 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.

Apr 21, 2021
Ledger Hack Revisited with Pascal Gauthier & Matt Johnson
01:01:20

“ It’s not data that we need, it’s not data that we want, and so the only reason why we are doing all of this and why it sounds complex is because we have these legal obligations everywhere in the world.”
— Pascal Gauthier

Location: Remotely
Date: Wednesday 14th April
Company: Ledger
Role: CEO & CISO

In July last year, Ledger was the victim of a data breach, with hackers gaining customer email addresses, phone numbers and physical addresses. Over 270,000 people were affected by the hack.

Pascal Gauthier, CEO of Ledger, previously came onto the podcast to answer questions shortly after the hack. Since the interview, Ledger asked to sponsor the podcast, and one condition was that they come back on the show and answer listener questions.

I believe it is vital to have a healthy and competitive marketplace for hardware wallets, firstly to give customers a choice and competition between the manufacturers pushes them to be better.

Listeners of the podcast still have questions regarding the hack, so I asked the Ledger CEO and CISO Pascal Gauthier and Matt Johnson to come on the show and answer some more questions and explain the changes they have made internally.

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


-----

WBD336 - 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.

Apr 19, 2021
The Psychological Barrier of a $100k Bitcoin with Willy Woo
01:14:21

“You’re definitely a moron… if you sell in a bullrun and try to buy back lower, that doesn’t work.”
— Willy Woo

Location: Remotely
Date: Thursday 15th April
Company: Hypersheet
Role: Co-Founder

Bitcoin has broken an all-time high again, rallying to over $64,000 this week, and it appears to be holding its ground with more new investors entering daily. 

Willy explains how he uses models that rely on moving averages to observe the rising “natural price” of bitcoin and how they help him identify the degree to which it is above or below a specific natural range. If it goes up or down too quickly, for example, it might be a good strategy to use a little leverage to ride it back to a more locally appropriate price. 

Managing risk is very important for traders, and Willy takes the time to explain how he uses various strategies to hedge his bets. He also clarified how I could manage my risk of not winning my bet with American HODL.

In this episode, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss moving price targets, hedging my bet with American HODL, and some of the strategies and risks of trading. 

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


-----

WBD335 - 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.

Apr 16, 2021
Bitcoin v The Banks with Simon Dixon & Bill Barhydt
01:25:59

“I’m truly blessed to be able to be involved in the disruption of the entire financial system one product at a time, until eventually Peter can just say Fuck the Banks.”
— Simon Dixon

Location: Remotely
Date: Tuesday 13th April
Company: BankToTheFuture, Abra
Role: Co-Founder, CEO

The banking system is a regulated Ponzi scheme driven by leverage and debt with onerous rules and powerful gatekeepers. When you are in the system, you are a slave to it, and worse still, the banks can freeze your payments and shut down your accounts.

Simon Dixon envisions a future where we aren’t beholden to deputized authoritarian institutions to move and store our money; he thinks we can achieve it by plugging decentralized and centralized systems together. And Bill Barhydt is helping build that future.

While Bitcoin is a savings based economy that may help rid us from a world drowning in debt, there are still questions about how people with one foot in the old system, and another foot in the future, will make the transition while maintaining their privacy. While many promising solutions are in development, it’s not clear exactly how we will be borrowing, transacting, and securing our wealth.

In this interview, I talk to Simon Dixon, the Co-Founder of BankToTheFuture and Abra CEO Bill Barhydt. We discuss the legacy banking system, the fight for privacy, and the future of banking in a bitcoin world. 

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


-----

WBD334 - 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.

Apr 14, 2021
Bitcoin Rehab: BitcoinTINA Yells at Everyone with American HODL & BitcoinTINA
01:09:15

“This business of crashing, that’s only because we’ve had these stupid idiots who had too much bitcoin who thought they could play with this market, and they’re wrong; they can’t play with the market. Bitcoin is going to be ripped out of those sellers hands; they will never own bitcoin again, they will not be able to afford to own bitcoin, they will have less because they played dumb games.”
— BitcoinTINA

Location: Remotely
Date: Sunday 11th April
Company: N/A
Role: N/A

With bitcoin currently sat at ~$60,000 and looking likely to break its previous all-time highs, the bull market is in full swing. After a massive end to 2020 with no signs of slowing, analysts predict anything from $100k to $300k+ in 2021. Are we still in the early stages of this bull market?

Typically, bitcoin has had clear 4-year market cycles based around the halving; however, some people think this time may differ. 

In 2017, it was mainly a retail-driven bull market, with few institutions investing in bitcoin. Still, now with institutions following MicroStrategy’s move, the market has matured, and we have big money investors buying up every dip. So, is this enough to prevent us from ever seeing an 80% drawdown again? Are we amid a supercycle?

In this interview, I talk to American HODL & BitcoinTINA. We discuss the current market conditions, if we are in a supercycle, and Hodl and I bet another bitcoin, this time on whether the price reaches $300k in 2021.

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


-----

WBD333 - 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.

Apr 12, 2021
COVID Lockdowns: One Year On with Zuby
02:04:05

“I do really, really hope that things sort of snap back and people quite quickly go to normal just as quickly as they fell into this weird sort of madness and totalitarianism, but I think that it’s a real fight.”
— Zuby

Location: Remotely
Date: Wednesday 7th April
Company: zubymusic.com
Role: Rapper, Podcaster and Author

With the emergence and rapid spread of COVID-19 in early 2020, governments worldwide opted to lockdown in an unprecedented move. After struggling to contain the spread of COVID and the deadliness and contagiousness relatively unknown, they argued that it was a temporary measure and a necessary step to take as they learned more about the virus.

Now, one year on from the initial lockdowns and with vaccination programs well underway, many countries are on their way out of lockdown, but did the lockdowns work? And, was it a necessary reaction to the virus?

In this interview, I talk to rapper, podcaster and author Zuby. We discuss the government's response to COVID, the economic and social impact of lockdowns, libertarianism, and the state's role.

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


-----

WBD332 - 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.

Apr 09, 2021
Bitcoin HODL FOMO with Brady Swenson
01:39:40

“Money is the pillar of civilisation, and our money is broken, its breaking down, its crumbling.”
— Brady Swenson

Location: Remotely
Date: Monday 5th April
Company: Swan Bitcoin
Role: Head of Education

The current bitcoin bull market has been unlike any before. While retail traders have led previous rallies with speculators looking for short term gains vs fiat, this time, institutions are here and buying vast amounts of bitcoin, and many have no intention of selling.

The macro conditions this time around are entirely different. Bitcoin investing is no longer a speculative bubble, rather a rational response to the debasement of fiat currencies at an accelerating rate. Investors are looking for a store of value to protect their money from losing purchasing power. 

Bitcoin buyers and HODLers are not just looking at bitcoin as a way of making money, but truly seeing it for what it is, a hedge against inflation and the hardest money the world has ever known. 

This is the Bitcoin Renaissance.

In this interview, I talk to the Head of Education at Swan Bitcoin, Brady Swenson. We discuss the bitcoin bull market and HODL FOMO, the transitional period between fiat currency and bitcoin and how the future role of state and government will change.

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


-----

WBD331 - 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.

Apr 07, 2021
A Plague of Malice: The State v Julian Assange
01:04:01

“The law in Julian’s case was constantly abrogated top to bottom; conventions of asylum, human rights, due process, and conspiracy...a plague of malice”
— John Shipton

Location: Remotely
Date: Tuesday, 30th March
Company: SupportAssange.wauland.de
Role: N/A

A world where the people are afraid to hold institutions and governments accountable for their actions is a dystopian reality. 

Julian Assange founded Wikileaks in 2006 to defend against injustices, hypocrisy, and tyranny; he published the truth. And for these actions, he has spent ten years fighting for his freedom.

Today is a call to action for everyone aligned with Bitcoin, freedom of speech, freedom of press, censorship-resistance, and justice. Take the time and donate to the defence of Julian Assange.

In this special episode, I talk to Julian Assange’s father and brother, John and Gabriel Shipton. My friend Janine also joins us to discuss the plague of malice regarding Julian’s case, his alignment with the Bitcoin ethos, and how you can support his defence.

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


-----

WBD330 - 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.

Apr 05, 2021
Bitcoin’s Path to $10 Trillion with Cameron & Tyler Winklevoss
01:04:33

“We’re literally just getting started, we’re like 1/10th of the way to the $10 trillion market cap.”
— Cameron Winklevoss

Location: Remotely
Date: Wednesday 31st March
Company: Gemini
Role: Co-Founders

Earlier this year, bitcoin hit a significant milestone when the market capitalisation (the price of the entire current supply) hit $1trillion for the first time. As Cameron Winklevoss said, "from white paper to $1 trillion, bitcoin is eating gold alive."

Cameron and Tyler expect this trend to continue. With bitcoin as digital 'gold 2.0' that is more scarce, transferable and a better store of value than gold, it is just a matter of time until it eclipses gold's $10 trillion market cap.

To welcome the show's newest sponsor, I talk with Cameron & Tyler Winklevoss, Gemini's co-founders. We discuss their case for $10 trillion bitcoin, sponsoring devs, proof of reserves and whether governments will ban bitcoin.

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

-----

WBD329 - 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.

Apr 02, 2021
Bonds, Inflation and the GBTC Premium with Lyn Alden
01:06:19

“If there’s a bitcoin ETF that then trades on a major exchange, the more people can essentially access it than if they’re not willing to buy over the counter products...it should increase overall demand”
— Lyn Alden

Location: Remotely
Date: Friday 26th, March
Company: lynalden.com
Role: Macroeconomist

This month we have seen the markets signal an expected increase in inflation; while bond prices are a good indicator, Lyn Alden explains that just looking at bonds or the Consumer Price Index (CPI) does not tell the whole story. Price changes can vary wildly in services, commodities, and especially asset prices, but inflation affects different people in different ways.

Outside of inflation, Bitcoiners have been looking closely at the Grayscale Trust (GBTC) recently and specifically the premium. I asked Lyn why people would pay less (or more) than the market price of Bitcoin for shares of GBTC. 

There are several reasons that GBTC is down recently, one of which is the potential approval of a Bitcoin ETF. Canada recently approved a Bitcoin ETF, with significant demand. 

An ETF in the United States is still being held up by regulators, despite increasing applications from institutions like Fidelity. But the rumour is one is right around the corner, and it would likely have significantly more demand than Canada's. 

In this interview, I talk to Lyn Alden, a macroeconomist and Lyn Alden Investment Strategy founder. We discuss bond yields, the effects of the rising inflation rate, the GBTC premium, and potential Bitcoin ETFs.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD328 - 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.

Mar 31, 2021
How to Trade the End of a Bull Market with Willy Woo
01:15:54

“You’d be crazy to sell right, now. There’s more buying the dip than ever seen before, a new record for 2021 and we know the person that’s buying the dip is Rick Astley and he’s not going to let us down.”
— Willy Woo

Location: Remotely
Date: Thursday 25th March
Company: Hypersheet
Role: Co-Founder

In the first two weeks of March, the bitcoin price bounced from around $45k to a new all-time high and local top of $62k. The price then dropped significantly, with many blaming CryptoQuant for the sell-off after posting a message in their Telegram group saying, "18,961 #BTC ($1,145,210,023) aggregated inflow to #Gemini: be careful downside risk from whale dumping" just moments before the price began to crash.

While the data was accurate and someone moved a large amount of bitcoin into a Gemini wallet, it was misleading. The move was from BlockFi into Gemini's custodial wallets.

But during these dumps, who are the buyers? Willy thinks the people buying the dip are 'Rick Astleys'; HODLer's of last resort who 'never give up, or desert bitcoin'.

In this episode, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the drop from $62k, Cryptoquant's analysis, the "Rick Astleys" buying the dip and how to catch the top of the market.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD327 - 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.

Mar 29, 2021
Bitcoin Rehab: American HODL Yells at Everyone
01:22:15

“Shitcoiners are into bitcoin too man, they’re just into your bitcoin. They want your fucking bitcoin.”
— American HODL

SHOW DESCRIPTION

Location: Remotely
Date: Thursday 25th March
Company: N/A
Role: N/A

Back in the fall, American HODL and I bet on the outcome of the US election, with Phil Geiger, from Unchained Capital as the arbiter. In this show, we got together to settle the bet.

But so much has happened since we made the bet and I asked HODL to join us for a monthly bitcoin rehab show. 

Despite the massive gains bitcoin has made this last year, it feels like a wall of money is still to come. Money managers increasingly realize their jobs may be replaced by two words: “buy bitcoin”. Top risk analysis teams at companies like iconic insurance firm MassMutual are hedging with massive allocations. The only real question is, who’s next?

While the price action has been bouncing around for the past few weeks, sometimes we perhaps lose perspective on how far we have come. Weak hands sell; strong hands accumulate.

In this interview, I talk to American HODL and Phil Geiger. We discuss settlement of our Trump bet, rumours of the incoming institutional stampede, strong hands (and HODL yells at everyone).

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD326 - 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.

Mar 26, 2021
Bitcoin Tech #3 - Wallets with Shinobi
01:23:56

“You should really try to dive into this stuff and see all the benefits that you can get out of bitcoin, besides just watching your account balance in Coinbase be worth more and more money every day.”
— Shinobi

Location: Remotely
Date: Tuesday 23rd March
Company: Block Digest
Role: Host

With Bitcoin, if you don't control your private keys, you don't own your bitcoin. That means the first thing you should do once you have bought bitcoin is to move it to a wallet you control.

Bitcoin wallets come in all shapes and sizes and offer different use cases depending on the amount of bitcoin you have and how you intend to use it:

For smaller amounts of bitcoin, mobile and desktop wallets are convenient and often simple to use. However, by operating on your device, they are constantly connected to the internet and more vulnerable to attack.

For more significant bitcoin holdings, hardware wallets separate your keys from an internet connection and offer a far greater level of security.

Another option for securing large amounts of bitcoin is multi-signature wallets. A multi-signature wallet requires multiple keys to sign a transaction; this means you can geographically distribute these keys and have no single point of failure.

In this interview, I talk to Shinobi, the host of Block Digest. We discuss the tradeoffs between different wallets, how wallets work, and how you should secure your bitcoin.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD325 - 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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Mar 24, 2021
Bitcoin Philosophy with Gigi
01:50:37

“Economic reality will dictate bitcoins future, not niceness… it’s fuck you money, if you dont agree with the bitcoin that i’m using I can say ‘fuck you’ I’m doing everything myself.”
— Gigi

Location: Remotely
Date: Friday 12th March
Company: dergigi.com
Role: Writer

Bitcoin is an implicit rejection of the existing system. From the early cypherpunks to the recent multi-billion dollar CEOs, the people that take the plunge down the rabbit hole possess an ability to think outside-the-box. They come with an open mind and often discover that Bitcoin has changed them.

The permissionless nature of Bitcoin means that anyone who is running a node and interacting with the network is able to decide for themselves what Bitcoin is. For different people, it solves different problems, but ultimately, everyone on the network is confined to the rules of consensus. 

In this interview, I talk to Bitcoin writer Gigi. We discuss the philosophical teachings of Bitcoin, toxicity as a feature, and how bitcoin creates its own space-time.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD324 - 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

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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.

Mar 22, 2021
Bitcoin Borrowing & Lending Markets with Zac Prince
01:32:26

“If bitcoin gapped up 50% tomorrow with no liquidity in between BlockFi would be fine. We would be better than fine, we would be popping champagne alongside everyone else.”
— Zac Prince

Location: Remotely
Date: Tuesday 16th March
Company: BlockFi
Role: CEO

BlockFi is a platform that brings financial services to bitcoin, and with their platform, you can earn interest on bitcoin deposits and take out collateralised loans.

While BlockFi has operated successfully in the space for several years and survived market challenges, such as the March 2020 crash, Bitcoiners often criticise their business model. 

“Not your keys, not your coins” is an important message regarding bitcoin, and some view custodial lending platforms as antithetical to this, questioning whether 6% interest per year is worth the risk on an asset that, on average, appreciates 200% a year.

While it is a personal choice, there is also a subset of bitcoiners that spread misinformation and unsubstantiated claims against BlockFi and other lending platforms.

To address the risk-reward of BlockFi and answer some of the questions & misconceptions, I talk to BlockFi CEO Zac Prince. We discuss building the present and future of Bitcoin capital markets, the demand for crypto-liquidity and BlockFi’s solutions to the challenges of managing risk in this growing financial frontier.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD323 - 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
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Mar 19, 2021
Bitcoin in Space with Dhruv Bansal
01:48:29

“We can build one currency for our entire fucking planet, that’s an OK thing, that’s still an admirable goal. We don’t have to feel, as bitcoiners, that we somehow failed if that first currency can’t be used on every planet of the cosmos.”
— Dhruv Bansal

Location: Remotely
Date: Tuesday 16th March
Company: Unchained Capital
Role: Co-founder

With SpaceX CEO Elon Musk “highly confident” that his company will land humans on Mars by 2026, the human colonisation of another planet within our solar system has never been closer. Once humans settle on another world, one question that will have to be solved is what money will be used as the local currency? The obvious answer may, on the surface, be bitcoin. But how would that work?

With the time it takes to send a signal over such a vast distance, we will need to consider how bitcoin functions at scale throughout the solar system. Sending bitcoin transactions from Mars to Earth could work fine if you don’t mind waiting several hours for confirmation, but mining will be impossible on Mars. So, will we use bitcoin on Mars, or will its colony rely on a new ‘Muskcoin’? 

In this interview, I talk to Unchained Capital co-founder Dhruv Bansal. We discuss his Bitcoin Astronomy series of articles, the prospects of Bitcoin as an interplanetary currency, SpaceX, colonisation of other planets, and hyperbitcoinisation.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD322 - 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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Mar 17, 2021
Bitcoin as Investment Portfolio Insurance with Greg Foss
01:31:58

“It’s inevitable that if you own zero bitcoin right now, you are taking extreme amounts of risk.”
— Greg Foss

Location: Remotely
Date: Tuesday 9th March
Company: Validus Power Corp
Role: Bitcoin Strategist

Since early February, 10-year Treasury yields have risen from 1.13% to as high as 1.625%. This rise, which equates to 48 basis points, is the highest in a year and has sparked some bond investors to raise inflation concerns. 

While the Consumer Price Index (a metric for judging the level of inflation) is currently around 2%, analysts suggest the actual inflation rate could be as high as 10%. Because of this and growing uncertainty in the markets, Bitcoin Strategist Greg Foss sees Bitcoin as portfolio insurance. He believes that if you don’t own Bitcoin, you are taking “extreme amounts of risk”.

In this interview, I talk with Greg about the growing treasury yields, what this means for the markets, inflation and what a debt spiral means for fiat currencies and bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD321 - 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 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.

Mar 15, 2021
The Sovereign Individual Pt 1 - Bitcoin: The Ultimate Offshore Bank with Robert Breedlove
01:36:57

“Bitcoin is fuck you money, it’s fuck you to every policy, every police state, and every politician in the world. That’s the power of it.”
— Robert Breedlove

Location: Remotely
Date: Sunday 7th March
Company: Independent
Role: Bitcoin Writer

The Sovereign Individual: Mastering the Transition to the Information Age is a prophetic book released in 1997 by William Rees Mogg and James Dale Davidson. The book was written before the widespread adoption of the internet, social media, and Bitcoin, yet predicted a future that is remarkably close to the one we live in today, opening with the quote, “The future is disorder.”

In the book, Mogg and Davidson describe their vision of the future and how the rise of digital technology would make the world much more competitive, unequal and unstable. The pair also predicted a ‘cyber money’ that would empower the individual to splinter from the nation-state. “As cybercommerce begins, it will lead inevitably to cybermoney. This new form of money will reset the odds, reducing the capacity of the world’s nation-states to determine who becomes a Sovereign Individual”. 

In this interview, I talk to Bitcoin writer Robert Breedlove. We discuss why The Sovereign Individual is such an essential book for Bitcoiners, violence in a libertarian world, why bitcoin is a threat to the state and the ascending and descending world.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD320 - 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

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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.

Mar 12, 2021
Bitcoin, Gold and Tax with Dominic Frisby
02:11:44

“The most expensive purchase you ever make in your life is your government, and over the course of your life… roughly 50% of everything you ever earn will be taken from your taxes.”
— Dominic Frisby

Location: Remotely
Date: Thursday 4th March
Company: dominicfrisby.com
Role: Author, Comedian & Voice Actor

COVID-19’s impact on the global economy has been immense. Efforts to counter these effects have been varied, from unprecedented levels of money printing to increased taxation and other fiscal policies.

Rishi Sunak, the Chancellor of the Exchequer, recently announced that, in 2023, there will be an increase in corporation tax in the UK, claiming this would put the burden on business to support the economic recovery from COVID-19. It has, however, raised concerns that this may force companies to move elsewhere.

Dominic Frisby is a British author, comedian and voice actor who has written several books, including; Bitcoin: The Future of Money and, more recently, Daylight Robbery: How Tax Shaped Our Past and Will Change Our Future.

In this interview, I talk to him about his book Daylight Robbery, the effects of taxation and the proposed rise in corporation tax in the UK, libertarianism and gold vs bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD319 - 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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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.

Mar 09, 2021
Bitcoin Tech #2 - Nodes (Part 2) with Shinobi
01:13:29

Location: Remotely
Date: Saturday 6th March
Company: Block Digest
Role: Host

The core fundamental aspect of Bitcoin is its censorship-resistant nature; this is only possible because the network is meaningfully decentralised. 

Bitcoiners achieve decentralisation across the world, running nodes. These nodes maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain. 

Following my previous interview with Shinobi, I went away and attempted to set up three things:
- Tor - a distributed network that preserves my privacy by hiding the location of my node and preventing eavesdropping
- Bitcoin Core - the most popular bitcoin node software
- Specter - software that connects to your Bitcoin node and allows you to create a local wallet or connect to a hardware wallet

In this interview, Shinobi helps me set up Tor, Bitcoin Core and Specter, and we discuss the difficulties for non-technical people, UX and why running a node is essential.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD318 - 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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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.

Mar 07, 2021
What Traditional Investors Think of Bitcoin with Raoul Pal
01:05:51

“Here we’ve actually got a broadening, diversifying, deepening market which looks perfect technically, has a good roadmap, has good seasonality. If you can’t find conviction here, you’re never going to find it. This is the perfect storm for bitcoin.”
— Raoul Pal

Location: Remotely
Date: Thursday 4th February
Company: Real Vision
Role: Co-Founder & CEO

Unlike almost every other market, in bitcoin, retail had the chance to front-run Wall Street. Since before bitcoin even had a price, the libertarians and cryptographers believed in bitcoin's ability to become the world's most dominant financial system.

Bitcoin has been through many boom and bust cycles that were almost entirely retail-driven, yet the institutions have dominated the 2017 narrative.

MicroStrategy changed the landscape for bitcoin investment and ushered in a new wave of 'smart' money. While there was undoubtedly institutional investment before MicroStrategy, it was their purchase of 21,454 bitcoin in August of last year that opened the floodgates to corporate investment.

But how do these traditional, 'smart' money investors view bitcoin? And what do they think of bitcoiners?

In this interview, I talk to Raoul Pal, macroeconomist and co-founder & CEO of Real Vision. We discuss the differences between retail and institutional investors, what a $1 trillion market cap means, volatility and market cycles.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD317 - 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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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.

Mar 05, 2021
The Nation State Case for Bitcoin with Balaji Srinivasan
01:47:09

“It’s basically the best investment of all time, and I have a feeling it’s not going settle down for a while. I mean, it could go to $1 million, even $10 million... $ 1million is no longer a crazy number to put out there for bitcoin.”
— Balaji Srinivasan

Location: Remotely
Date: Friday 19th February
Company: balajis.com
Role: Angel Investor & Entrepreneur

The corporate adoption of bitcoin has widely defined the last 12 months for bitcoin. Following Michael Saylor’s watershed move, companies such as Tesla and Square have been adding bitcoin to their treasuries.

Many see the next logical step as nation-states adding bitcoin to their reserves. While some countries like Estonia and Malta have been very open to bitcoin, a large number still, at least publicly, have a less welcoming stance.

The Indian government recently announced its intention to ban ‘private’ cryptocurrencies, including bitcoin, fearing adoption would threaten national security and create a capital outflow from the country. Balaji Srinivasan thinks this is the wrong move and put forward the opposite case in his recent article Why India Should Buy Bitcoin.

In this interview, we discuss the benefits to a nation-state adopting bitcoin, why India are the perfect first mover and the demise of Silicon Valley.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD316 - 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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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.

Mar 02, 2021
Bitcoin Tech #2 - Nodes (Part 1) with Shinobi
01:06:22

“The bank has the database that says who has all the money and how much money. The special thing about Bitcoin is that everybody can run and verify that database themselves.”
— Shinobi

Location: Remotely
Date: Tuesday 23rd Feb
Company: Block Digest
Role: Host

The core fundamental aspect of Bitcoin is its censorship-resistant nature; this is only possible because the network is meaningfully decentralized. 

Decentralization is achieved by bitcoiners worldwide running nodes (a computer connected to the bitcoin network, e.g. Bitcoin Core). 

These nodes maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain. 

Aside from supporting the network, running a node helps improve your privacy and allows you to validate your transactions without requiring a 3rd party. If you are not running a full node, you cannot use the bitcoin network in a trustless way. 

It is hard to know the exact number of nodes connected to the bitcoin network. However, Luke Dashjr estimates the number to be somewhere around 80,000.

In this interview, I talk to Shinobi, the host of Block Digest. We discuss what a node is, why running a node is crucial for the network, which hardware & software to use, and the impact on privacy.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD315 - 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 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.

Feb 28, 2021
Sovereign Bonds & Bitcoin with Lyn Alden
01:09:26

“Yield curve controls are like rocket fuel for all of these inflationary assets. If they try to suppress yields while inflation moves up this summer thats rocket fuel for all these scarce assets.”
— Lyn Alden

Location: Remotely
Date: Thursday 25th Feb
Company: lynalden.com
Role: Macroeconomist

Bitcoin is not slowing down after its massive start to 2021, and February has been another incredibly bullish month for bitcoin. 

First, following Tesla's announcement that they bought $1.5bn of bitcoin for their corporate treasury, the price surged above $50,000 for the first time.

A few days later, with the bitcoin price at $53,763, the market capitalisation of bitcoin broke $1 trillion.

Although bitcoin has since dropped back below the $1 trillion market cap, some analysts have suggested that if bitcoin can hold above that level, this de-risks bitcoin as an investment. With this, some institutional investors may begin to see bitcoin as a more feasible option.

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss Tesla buying bitcoin, MicroStrategy's billion-dollar raise, hitting a $1 trillion market cap and the sovereign bond market.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD314 - 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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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.

Feb 26, 2021
Bitcoin Bull Market Strategy - Feb ‘21 Trading Update with Willy Woo
01:05:28

“Buy the dip is the main thing you want to do, and the only time you really want to consider selling the top is the macro top.”
— Willy Woo

Location: Remotely
Date: Monday 22nd Feb
Company: Hypersheet
Role: Co-Founder

Since last month's episode with Willy Woo, bitcoin went from ~$30,000 to a new all-time high of over $58,000. This price action came on the back of a couple of massive announcements:

Tesla added $1.5bn of bitcoin to its company treasury.

MicroStrategy announced a raise of $600m in a convertible senior note sale to buy bitcoin before reassessing and increasing the raise to $900m. Upon completion of the raise, the company estimated the proceeds to be close to $1.05bn

The bitcoin market cap broke through $1 trillion

While corporations are still driving the bitcoin price, Willy Woo believes that we have entered a new phase of the bull market and that retail traders have arrived. As stated in his recent newsletter: "Bitcoin's blockchain is seeing 20,000 new users per day, this is a sudden 3x increase over the normal 5,000-10,000 per day previously. It's a very sure sign that retail investors are now coming in. They typically start ramping up in numbers during the middle phases of bull markets."

In this interview, we discuss the Tesla & MicroStrategy news, the recent drop in price and what retail entering the market will mean for bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD313 - 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 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.

Feb 23, 2021
$50k Bitcoin, What’s Next? With Bill Barhydt
01:15:50

“It’s like saying I can’t handle the internet in 1995, and there were many people that couldn’t. Do you know what happened? The internet ploughed ahead, and eventually, you caught up… the world is going to catch up to this because there is going to be no alternative.”
— Bill Barhydt

Location: Remotely
Date: Thursday 18th Feb
Company: Abra
Role: Founder & CEO

In the last week, bitcoin broke $50,000 for the first time, a significant milestone, helped by corporate adoption. Tesla’s $1.5bn bitcoin buy was a watershed moment. Still, it would likely not have happened without MicroStrategy, who themselves announced this week that they would be raising another $900 million to acquire more bitcoin.

Using Bitcoin as a corporate treasury asset is only expected to grow, with some bitcoiners suggesting that as many as half the S&P500 will hold bitcoin in their balance sheet before the end of 2021.

The next logical step after corporate adoption of Bitcoin is the nation-state. With India looking to ban Bitcoin, it is clear there is still a large amount of scepticism from nation-states. However, the first country to embrace Bitcoin will likely see the same benefits as MicroStrategy did.

In this interview, I talk to Bill Barhydt, the CEO and Founder of Abra. We discuss what $50k bitcoin means, increasing corporate adoption and which nation-state will be the first to embrace Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD312 - 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

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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.

Feb 19, 2021
Bitcoin & The Sovereign Company with Christian Keroles & Robert Breedlove
01:17:31

“With businesses and the value they create less rooted to the locality of any jurisdiction, it just pushes this free market paradigm on governments, and that’s what we are seeing happen. They are being forced to compete, just like every other enterprise on the planet.”
— Robert Breedlove

Location: Remotely
Date: Monday 15th February
Company: Bitcoin Magazine & Independent
Role: Media Editor & Bitcoin Writer

Bitcoin is the separation of money and state. It allows hodlers to opt-out of government-issued fiat currency and take sovereignty over their money. For many libertarian-minded Bitcoiners, this was the draw to Bitcoin, even before it had any real value. 

Throughout late 2020 and into early 2021, more and more companies have added Bitcoin to their treasuries. MicroStrategy led the way, but the most notable is Tesla's recent $1.5bn Bitcoin acquisition. 

For many, Bitcoin's attraction is due to its monetary policy and thus is a hedge against the unprecedented levels of money printing and the fear of high inflation. However, as Christian Keroles said in his article for Bitcoin Magazine The Sovereign Company Thesis "As companies adopt Bitcoin, they will begin to gain new levels of sovereignty and leverage over the state … this in and of itself will challenge the dynamics of governance and the nature of nation-states as we currently know them.  

So, what does the future of sovereign companies look like?

In this interview, I talk to Christian Keroles, the Media Editor of Bitcoin Magazine and Robert Breedlove. We discuss the idea of sovereign companies, jurisdictional arbitrage and moving away from a state-controlled world.This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD311 - 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

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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.

Feb 16, 2021
Bitcoin’s Wild Start to 2021 with Cory Klippsten
01:06:40

“Robinhood users realised what everyone in the venture and startup industry knew a long time ago, which is that they are the product and that the customer is Citadel and Knight.”
— Cory Klippsten

Location: Remotely
Date: Friday 5th February
Company: SwanBitcoin
Role: Founder

We are just over a month into 2021, and it has already been a wild start of the year for Bitcoin and the broader financial markets.

The r/wallstreetbets subreddit took it to Wall Street by collectively buying up the heavily shorted GameStop (GME). The stock price went from around $20 in mid-January to over $450 in less than two weeks, wiping a staggering $4.5 billion off Melvin Capital’s balance sheet.

In early February, corporate Bitcoin evangelist Michael Saylor held his ‘Bitcoin for Corporations’ event which around 7,000 companies attended. Just days after the conference, Tesla announced that they had bought $1.5bn of Bitcoin.

With any bull market, shitcoins also see an increase in activity. With the rise of Clubhouse, the salesmen are out in force. Yet, Bitcoiners are marshalling the rooms, educating newcomers on why Bitcoin is the only asset they should be considering.

In this interview, I talk to Cory Klippsten, the founder of SwanBitcoin. We discuss how shitcoiners are invading Clubhouse, r/wallstreetbets, corporations buying Bitcoin, and which nation-states will first disclose a Bitcoin position first.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD310 - 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

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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.

Feb 12, 2021
Tesla’s $1.5bn Bitcoin Buy with American HODL & Preston Pysh
01:09:50

“There is this global game of musical chairs going on and the music is slowing and the chairs are getting fewer and fewer, and at some point the music stops, and what happens when the music stops?”
— American HODL

Location: Remotely
Date: Monday 8th February
Company: N/A & The Investors Podcast
Role: N/A & Host

On Monday, Tesla made the announcement that Bitcoiners had been anticipating. In their annual report to the SEC, Tesla disclosed that they had invested $1.5 billion in Bitcoin and the Bitcoin price soared to a new all-time high of over $47,000. 

In 2020, Michael Saylor and MicroStrategy paved the way for corporations to add Bitcoin to their treasuries and since then several companies have followed suit, including Square and MassMutual.

However, as the richest man in the world and one of the most influential in the tech industry, Elon Musk's could prove to be the most important in the history of Bitcoin. It has sent shockwaves through the corporate world and will make the CEO of every publicly traded company question their treasury strategy. But, what does this mean for Bitcoin? And does this mark the beginning of the corporate race for Sats?

In this interview, I talk to American HODL and Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss Tesla's announcement, MicroStrategy's influence and corporations scrambling to buy Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD308 - 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 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.

Feb 09, 2021
The Path to a Bitcoin Standard with Dan Held
01:10:11

“Once people place their trust in storing value in Bitcoin, why would they ever go back to a fiat currency?”
— Dan Held

Location: Remotely
Date: Monday 1st February
Company: Kraken
Role: Director of Business Development

The Gold Standard was a monetary system that linked the value of a country's currency to the amount of gold held in reserve. 

The Gold Standard placed restrictions on a governments ability to print money. Still, in 1971 Nixon announced that the US would sever all ties between the dollar and gold, and would no longer convert dollars to gold at a fixed value of $35. Nixon's decision severed all links to The Gold Standard, and since then the world has been in a fiat monetary system.

Many Bitcoiners believe that the fiat monetary experiment is failing and it is inevitable that, at some point, the hardest form of money will win out - bitcoin.

Hyperbitcoinisation is when bitcoin becomes the world's dominant form of money and the entire financial system's base asset. But how do we get there? And what are the implications on society?

In this interview, I talk to Dan Held, the Director of Business Development at Kraken. We discuss the implications of a Bitcoin Standard, onboarding, adoption, decentralisation and layer one ossification.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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

-----

WBD308 - 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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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.

Feb 07, 2021
Why Silicon Valley Doesn’t Get Bitcoin with Dan Held
01:06:54

“Right now the risk reward has never been better - maybe some VCs look at everything with the lens of early stage investing where they expect a 100x pay off, what’s crazy is with Bitcoin you might actually get that.”
— Dan Held

Location: Remotely
Date: Thursday 28th January
Company: Kraken
Role: Director of Business Development

Jack Dorsey has been one of the leading public supporters of Bitcoin in Silicon Valley, stating his belief is that "Bitcoin has the potential to become the world's sole currency by 2030". In late 2020 Dorsey went a step further when his company Square put $50 million of Bitcoin in their treasury. Following the purchase, he tweeted "More important than Square investing $US50mm in #Bitcoin is sharing how we did it (so others can do the same)."

Jack Dorsey is a hugely influential figure in Silicon Valley, and his actions sent a clear message of his belief in the importance of Bitcoin.

Silicon Valley has mostly ignored Bitcoin, and Dan Held thinks this is a culture issue. While Silicon Valley values moving fast and breaking things, Bitcoin is the opposite. It is conservative, slow and most importantly, hard to change.

In this interview, I talk to Dan Held, the Director of Business Development at Kraken. We discuss Dan's experience in Silicon Valley, what drives VCs to invest, and the changing Bitcoin narratives within Silicon Valley.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD307 - 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.

Feb 05, 2021
The Bitcoin Supercycle with Dan Held
01:18:57

“Close to $1,000,000 is what the KPI would be for a supercycle, and why I like it is that no one is talking about it. No one even thinks that’s possible and everyone just thinks it’s going to do what it did before and it’s a very different environment.”
— Dan Held

Location: Remotely
Date: Monday 25th January
Company: Kraken
Role: Director of Business Development

The design of Bitcoin issuance leads to clear four-year market cycles. While Bitcoin experienced bull runs in its first cycle, 2013 was the first, mainstream bull market and the price climbed to over $1,000. What followed was a multi-year bear market and an 80% drawdown.

2016/17 marked the next bull cycle with the Bitcoin price reaching $20,000 only to, again, experience an extended bear market and another 80% drawdown. 

Many speculate the catalyst for these cycles is the four-year halving, where the issuance rate of Bitcoin to miners cuts in half. With reduced supply and sustained demand, the price of Bitcoin pushes higher. However, each successive bull market presents a new and different set of participants.

In 2013, the early adopters were the people who understood the technology or needed censorship-resistant money for the Silk Road. While it had become simpler to buy Bitcoin during this cycle, the fall of MtGox marked the end of this bull market.

2017, was mainly a retail-driven bull market, with few institutions investing in Bitcoin, due to the lack of infrastructure and regulatory clarity. A civil war also marked 2017, where  Bitcoienrs debated the block size, ending with a hard fork, a split in the community and the creation of BCash.  

The current bull market is again different. Institutions have woken up to Bitcoin, and Michael Saylor has paved the way for corporations to add Bitcoin to their balance sheet. With the unprecedented levels of money printing and reckless policy, the need for hard money that is state resistant is more apparent than ever. As Dan Held says "Never before has Bitcoin had such strong fundamentals against a macro backdrop that highlights exactly why Bitcoin is needed, the narrative is singular, and the ability for global value to flow into Bitcoin has never been easier."

In this interview, I talk to Dan Held, the Director of Business Development at Kraken. We discuss Bitcoin market cycles, the halving's impact, and the catalysts that could make this cycle a supercycle.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD306 - 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 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.

Feb 02, 2021
The Bitcoin Shakeout - Jan ‘21 Trading Update with Willy Woo
56:45

“It would take a black swan to push the price below, essentially what we bottomed out at, in the $29,000 range on the daily close… it would really take something extreme.”
— Willy Woo

Location: Remotely
Date: Tuesday 26th January
Company: Hypersheet
Role: Co-Founder

Bitcoin has had a great year so far, after hitting a new all-time high of ~$42,000 it has been in a consolidation range bouncing between $30,000 and $40,000. 

Since that top, we have seen a massive uptick in FUD, including a misreported double spend. This ‘double spend’ scared some investors and NexTech, a software company that had recently bought 130 Bitcoin, sold off the $4 million of Bitcoin they had acquired as a result.

With Bitcoin cooling off for the first time in this bull market, what is the on-chain data telling us, and how can you know when a bull market is coming to an end? 

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the run-up to $42,000, what the on-chain data indicates, price targets for Bitcoin and how to call the top.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD305 - 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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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.

Jan 31, 2021
WSB, Bitcoin & Ethereum with Lyn Alden
57:39

“I wouldn’t be surprised to see over $50k this year… you hear some of these really high targets and it is hard to put those aside.”
— Lyn Alden

Location: Remotely
Date: Monday 25th January
Company: lynalden.com
Role:
Macroeconomist

Since early January Bitcoin has been consolidating between $30k and $40k and the fundamentals and technicals remain strong. Grayscale has ceased their hiatus, MicroStrategy has added to their position during this time and, in early February, will be holding a conference for other corporations to go through their Bitcoin playbook.Since early January Bitcoin has been consolidating between $30k and $40k and the fundamentals, remain strong. Grayscale has ceased their hiatus, MicroStrategy has added to their position during this time and, in early February, will be holding a conference for other companies to explain their Bitcoin playbook.

However, the big story over the last couple of weeks has been Wall Street Bets, the Reddit community taking on Wall Street. These retail investors have picked highly shorted stocks such as GameStop and AMC and bought in huge numbers. Traders activated a massive short squeeze on GameStop, and at least two hedge funds have had to cover their positions at a considerable loss. During this period the GameStop price went from ~$19 to ~$460.

With retail traders desperate to take it to Wall Street, what is the eventual outcome, and what role has the COVID lockdowns and subsequent stimulus played in this?

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss the Bitcoin price action, retail investors/WSBs and Lyn’s economic analysis of Ethereum. 

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD304 - 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 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.

Jan 29, 2021
Bitcoin Tech #1 - UTXOs with Shinobi
01:13:00

“There is no such thing as a balance; Bitcoin is not a bank account… its actually a collection of UTXOs.”
— Shinobi

Location: Remotely
Date: Tuesday 15th December
Company: Block Digest
Role:
Host

Checking your balance or sending Bitcoin can be as simple as opening an app or scanning a QR code and clicking send, but what is happening behind the scenes to make that happen?

Unspent transaction outputs (UTXOs) are the monetary units of bitcoin. They are likes coins and notes in the traditional financial system but can be of any value. 

When accessing a wallet, the software creates your balance by totalling the value of all your UTXOs, and when you want to send someone bitcoin, your wallet selects the UTXOs required to make up the amount you want to send. 

In many cases, wallet software abstracts away UTXOs so that the user does not have to consider them. However, it is a crucial part of the system that, when properly used, can help protect your privacy and reduce your transaction fees. 

In this interview, I talk to Shinobi, the host of Block Digest. We discuss UTXOs, what they do, how they work and the implications for both privacy and transaction fees.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD303 - 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.

Jan 26, 2021
Why Buy Bitcoin? With Andy Edstrom
01:26:45

“The longer we spend doing this, the more we learn about it, the deeper down the rabbit hole we fall, the more likely, or the clearer it seems that this is a major, major civilisational inflection point.”
— Andy Edstrom

Location: Remotely
Date: Tuesday 12th January
Company: Swan Bitcoin
Role:
Head of Institutional Investment

Why buy bitcoin is a complicated question to answer. Bitcoin is many different things to different people. It is a censorship-resistant form of payment for those living under authoritarian regimes; for some, it is a hedge against inflation, while it is purely speculative for many others.

Even with Bitcoin adoption growing and maturing, the public perception of Bitcoin is still mixed. The mainstream media is somewhat to blame. It regularly pedals false narratives such as the funding of terrorism or Bitcoin being for drug dealers and network security that is melting the polar icecaps. As Bitcoiners we are used to dealing with this kind of FUD, Bitcoin has been declared dead hundreds of times, yet it continually bounces back.

So, why buy Bitcoin?

In this interview, I talk to Andy Edstrom, author of Why Buy Bitcoin. We discuss his investment thesis for Bitcoin, why Bitcoin continues to thrive and address the common misconceptions and FUD surrounding it.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD302 - 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.

Jan 20, 2021
Why Bitcoin Wins with Gary Vee & Robert Breedlove
01:23:49

“We had two certainties in life; we had death and taxes. We’ve introduced the third certainty; 21 million Bitcoin.”
— Robert Breedlove

Location: Remotely
Date: Saturday 16th January
Company: VaynerX & Parallax Digital
Role:
CEO & Founder

Hyperbitcoinisation is the state at which Bitcoin becomes the world's dominant form of money and thus the base asset for the entire financial system.

On the road to hyperbitcoinisation, there will be a tipping point where governments willingly or unwillingly seed power and move over to a bitcoin-based system. For many Bitcoiners, hyperbitcoinisation is inevitable. However, the path to a hyperbitcoinisation society is unclear and likely difficult. 

In this interview, I talk to entrepreneur, author & speaker Gary Vaynerchuk and founder of Parallax Digital, Robert Breedlove. We discuss the government response to Bitcoin and the road to hyperbitcoinisation.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD301 - 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.

Jan 19, 2021
The Ultimate Bitcoin 101 with Vijay Boyapati
01:14:08

“Go and buy some bitcoin, even if it’s a small amount. You don’t have to have a huge amount in your portfolio but you shouldn’t have zero, zero doesn’t make any sense. This is one of the most exciting innovations to money in 1000 years.”
— Vijay Boyapati

Location: Remotely
Date: Thursday 14th January
Company: Independent
Role:
Software Engineer and Author

As we are in another Bitcoin bull market, many new people will be considering investing, but understanding what Bitcoin is and why it is important isn’t straightforward. 

Bitcoin is multifaceted, and the use cases can vary dramatically depending on where you live in the world and your circumstances. 

There is no standard narrative or way of explaining Bitcoin; for example, it is a medium of exchange, a way to bypass government and as an inflation hedge. Others are investing in Bitcoin to speculate against the net benefit of all use cases.

To help answer some of the most common questions and lay to bed some of the common misconceptions, I talk to software engineer and author, Vijay Boyapati for the ultimate Bitcoin 101.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD300 - 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:
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Jan 17, 2021
Critiquing Bitcoin with Frances Coppola & Nic Carter
01:37:43

Location: Remotely
Date: Wednesday 13th January
Company: Independent & Castle Island Ventures
Role:
Author & Partner

Bitcoin adoption is maturing, and veteran traders such as Stan Druckenmiller and Paul Tudor Jones, companies like Microstrategy and institutions like Grayscale and Skybridge have all made moves solidifying its reputation and profile. However, it is still not without its detractors.

Arguments regarding scalability, how a deflationary system works and fears of money without government backing are topics of regular discussion. One critic who is quick to highlight Bitcoin’s perceived shortcomings is Frances Coppola, and last week on Twitter, Frances caused a stir with comments about the scarcity of bitcoin.

In this episode, I moderate a debate between Frances, an economist and financial author, and Nic Carter, a Partner at Castle Island Ventures, to discuss some of Bitcoin's most fundamental questions.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD299 - 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

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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.

Jan 15, 2021
Living on Bitcoin with Didi Taihuttu
01:11:15

“The moment you jump, you will never change back again. We had our doubts at the beginning as well, but we will never change back again.”
— Didi Taihuttu

Location: Remotely
Date: Tuesday 22nd December

In early 2017, with the Bitcoin price at around $1,200, Didi Taihuttu, his wife and three kids sold their house, cars and everything they owned and invested it all in Bitcoin. They planned to travel the world and live a nomad lifestyle. 

In 2017, following their decision, the Bitcoin price went to $20,000 before crashing back down to around $3,200. With this volatility, the family had to adjust their lifestyle. However, with Bitcoin hitting new all-time highs of $42,000 last week, their conviction has paid off.

Now, four years later, the family are still travelling the world and living off Bitcoin.

In this interview, I talk to Didi Taihuttu, and we discuss his decision to sell everything and buy Bitcoin, how the family coped during the bear market and the pros and cons of living a nomad lifestyle.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD298 - 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

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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.

Jan 12, 2021
Questions for Tether with Paolo Ardoino & Stuart Hoegner
46:28

“We don’t believe in suing our critics into silence… we think it’s better to counter fiction with facts.”
— Stuart Hoegner

Location: Remotely
Date: Wednesday 6th January
Company: Bitfinex
Role: CTO & General Counsel

There have been claims that Tether has manipulated the Bitcoin price. Still, JL van der Velde, CEO of both Bitfinex and Tether, denied the allegations stating "Bitfinex nor Tether is, or has ever, engaged in any sort of market or price manipulation. Tether issuances cannot be used to prop up the price of bitcoin or any other coin/token on Bitfinex."

As well as market manipulation there have been calls for a full audit of the Tether reserves amidst claims that the stablecoin is not fully reserved. 

In this interview, I talk to Paolo Ardoino & Stuart Hoegner the CTO & General Counsel at Bitfinex. We discuss Tether FUD, the claims of not being fully backed and price manipulation. 

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD297 - 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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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.

Jan 10, 2021
Jack Mallers vs The World
01:04:15

“We have banked the unbanked. We have given them free and instant international money transfers, we have provided them financial services that have had gatekeepers for hundreds of years.”
— Jack Mallers

Location: Remotely
Date: Tuesday 5th January
Company: Zap
Role: CEO

This week Jack Mallers announced the launch of Strike Global, a Bitcoin neobank that uses the Bitcoin network and lightning to facilitate the sending of money anywhere in the world, in a matter of seconds, for free.

The speed and cost of payments have often been a topic of debate in Bitcoin. While the basechain is necessarily slow, the Lightning Network promises to provide instant and low-cost bitcoin transfers. 

With Strike, Jack Mallers is taking this to the next level allowing users to settle in fiat currencies across the Bitcoin network. Fast and no cost transfers of fiat currencies solve problems across the world, especially in third-world countries. Strike aims to run a pilot in El Salvador to prove this. 

Strike has also enabled Caroline Panthers Offensive Tackle; Russell Okung to become the first NFL player to be paid in bitcoin, half of his $13 million salary.

In this interview, I talk to Zap CEO Jack Mallers. We discuss the newly launched Strike Global, revolutionising global payments, neobanking with Bitcoin and helping to bank the unbanked in 3rd world countries.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD296 - 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 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.

Jan 08, 2021
SkyBridge Capital’s Bitcoin Fund with Anthony Scaramucci
56:19

“You can be volatile and still march upwards, and I predict Bitcoin may do both of those things, but maybe it won’t, it could glide to $280k a coin...I think it’s got a long way to go here.”
— Anthony Scaramucci

Location: Remotely
Date: Tuesday 29th December
Company: SkyBridge Capital
Role: Founder

SkyBridge Capital is an investment firm, run by Anthony Scaramucci. The firm, which has $9.3 billion under management, has announced a Bitcoin fund, allowing customers to invest in Bitcoin.

SkyBridge is the latest in a growing list of companies creating onramps for institutional exposure to Bitcoin, going up against the likes of Grayscale. The latter already has over half a million Bitcoin under management.

In this interview, I talk to SkyBridge Capital founder Anthony Scaramucci. We discuss the SkyBridge Bitcoin fund, institutional interest, and 11-day stint working for President Trump.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
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.

-----

WBD295 - 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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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.

Jan 04, 2021
2020 Bitcoin Review with Matt Odell
03:09:36

“It’s a grassroots movement, and we are making real fucking progress, people are starting to wake the fuck up. That’s major, that’s a big fucking deal.”
— Matt Odell

Location: Remotely
Date: Wednesday, 30th December
Company: Tales from the Crypt
Role: Co-Host

2020 has been a defining year for Bitcoin, with the world reeling from a global pandemic, the necessity of hard money is more apparent than ever. 

With the worst of the bear market behind us, 2020 looked to be a promising year for Bitcoin. However, in March with the coronavirus outbreak, markets went into freefall and Bitcoin was no exception, dropping over 40% in a day and hitting yearly lows of ~$4,000.

By the time of the halving on May 11th Bitcoin had recovered from this drop. With the increased scarcity and massive amounts of money printing, debasing fiat currencies and the increased threat of high inflation, institutional investors began moving into Bitcoin. With MicroStrategy, Square and MassMutual, amongst others, transferring part of their treasuries into Bitcoin.

While institutional interest in Bitcoin dominated the headlines in 2020, Bitcoin continues to be a powerful tool for freedom, for those who live under oppressive regimes. Notably in Belarus, where government workers are striking in protest against the rigged elections. The Human Rights Foundation have supported them by setting up the Belarus Solidarity Fund. They are using Bitcoin as a censorship-resistant way of getting money to those striking to supplement their lost wages. 

To round off 2020, I talk to Matt Odell, co-host of Tales From the Crypt. We discuss everything in Bitcoin in 2020, from price action and institutional investment to government reaction to coronavirus and privacy.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD294 - 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.

Jan 01, 2021
2020 Bitcoin & Macro Review with Lyn Alden
57:50

“I don’t think there are that many more hurdles anymore. I think once you have enough legendary investors come out, once you have a corporation add it to the balance sheet, once you have an insurance company add it, most of the flood gates are open.”
— Lyn Alden

Location: Remotely
Date: Friday 18th December
Company: lynalden.com
Role: Macroeconomist

2020 has been a year unlike any, even before the coronavirus pandemic, the global economy was showing signs of stress. With the outbreak, the spread of the virus and subsequent lockdowns, governments worldwide resorted to unprecedented levels of monetary and fiscal stimulus to keep the flailing economy afloat.

With the record levels of money printing and the ballooning money supply, many earmarked 2020 as the year that Bitcoin could prove itself. 

In the last few days, Bitcoin has hit all-time highs of around $24,000, but unlike 2017, it is not just retail investors that have flocked to Bitcoin.

MicroStrategy has paved the way for institutional investors to own Bitcoin by not only converting $450m of their treasury to Bitcoin but raising an additional $650m by way of a convertible senior note sale to buy more Bitcoin.

MicroStrategy, legendary macro investors Paul Tudor Jones and Stanley Druckenmiller have taken positions in Bitcoin, signalling a new era of Bitcoin investors.

In this interview, I am joined by Lyn Alden, a macroeconomist and founder of Lyn Alden Investment Strategy. We discuss the coronavirus pandemic's impact, the increase in the broad money supply, high inflation and institutional investment in Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD293 - 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.

Dec 29, 2020
FinCEN’s Discriminatory Rulemaking with Jerry Brito & Peter Van Valkenburgh
01:00:00

“It’s warrantless surveillance, it’s mass data collection, just like Snowden revealed for emails and things, just for our financial records. So, we don’t like it, but at the very least we should have equal treatment suffering under this regime.”
— Peter Van Valkenburg

Location: Remotely
Date: Tuesday 22nd December
Company: Coin Center
Role: Executive Director & Research Director

Steven Mnuchin, the Treasury Secretary of the United States, is looking to implement a new regulation that would require financial institutions to verify the identity of both senders and recipients of any Bitcoin transaction, over $3000.

A few weeks ago, Coinbase CEO, Brian Armstrong tweeted that Mnuchin was looking to 'rush out' new regulation before the end of President Trump's term in office.

This regulation is not without opposition and Coin Center is addressing many concerns with the new rules and the method in which they are being passed.

In this interview, I talk to Jerry Brito and Peter Van Valkenburgh, Coin Center Executive Director and Research Director. We discuss the implications of the new regulations, the key issues and what you can do to prevent them from passing.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD292 - 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.

Dec 27, 2020
2020 Bitcoin Tech Review with Shinobi
01:28:51

“This year, is the first year where I feel like the question of ‘is all this going to work out in the long term?’ is settling itself, everything is just rocketing forward.”
— Shinobi

Location: Remotely
Date: Monday 21st December
Company: Block Digest
Role: Host

2020 has been a record-breaking year for Bitcoin where we have seen the price reach a new all-time high of over $24,000. Companies like MicroStrategy and Square have paved the way for institutional investors, and mainstream media covers Bitcoin more than ever. 

While interest in Bitcoin is continuing to grow, behind the scenes, Bitcoin developers are quietly continuing to push the technology forwards. With improvements like Schnorr signatures and CoinSwap on the horizon and advancements with discrete log contracts and Lightning Lab’s Loop, the technical side of Bitcoin is also thriving. 

In this interview, I am joined by Shinobi host of Block Digest. We review the technical side of Bitcoin in 2020, including MuSig, Schnorr & Taproot, discrete log contract, Lightning Labs Loop and CoinSwap.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD291 - 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.

Dec 23, 2020
Ledger Hack - What Happened with Pascal Gauthier
55:10

“I can never repeat enough that we are sorry, but sadly we cannot go back in time and undo it… now we focus on the present and the future.”
— Pascal Gauthier

Location: Remotely
Date: Monday 21st December
Company: Ledger
Role: CEO

In July of this year, Ledger was made aware of a data breach on their website. Their initial statement read: "consisting mostly of email addresses, but with a subset including also contact and order details such as first and last name, postal address, email address and phone number."

Since then customers have been subject to a range of phishing attempts with scammers sending fraudulent emails claiming that their "cryptocurrency assets are at risk", prompting them to download the latest version of Ledger Live. This fake version would then ask for the user's seed words.

To make this data breach worse, what was initially reported by Ledger as 9,500 customers personal details (including physical addresses) was actually over 270,000. Yesterday both that list, along with over one million customer email addresses, was uploaded to RaidForums for anyone to download. Since the dump, there has been an increase in phishing attempts, including a new threat of physical attacks.

In this interview, I talk to Ledger CEO, Pascal Gauthier. We discuss the data breach, their disclosure of the hack, how they communicated with those affected and their plans moving forwards.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD290 - 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.

Dec 22, 2020
2020 Trading & On-Chain Review with Willy Woo
01:06:59

“$100,000, I would rate as very conservative, probably overly conservative. I would rate $200,000 upwards as a sweet spot. $300,000 not out of the question, and I do not ridicule $1,000,000.”
— Willy Woo

Location: Remotely
Date: Tuesday 15th December
Company: Hypersheet
Role: Co-Founder

Bitcoin has had an incredible year. Following the outbreak of the coronavirus, the Bitcoin price crashed to just below $4,000. However, the subsequent government bailouts and money printing has led to many fearing fiat currencies will suffer from high inflation, highlighting the importance of hard money.

Since the lows in March, Bitcoin has gone from strength to strength, particularly on the back of corporate interest. MicroStrategy and Square paved the way for corporations to buy Bitcoin, and others are following. 

Over the last couple of days, Bitcoin has rallied to new all-time highs, reaching close to $24,000, but what makes this time different to 2017? And how high could the price go in 2021?

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the current state of the Bitcoin market, the catalysts for Bitcoin’s rally and what to expect in the coming year.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

-----

WBD289 - 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.

Dec 18, 2020
Bitcoin Strengths & Weaknesses with George Gammon
01:11:51

“What some people in the Bitcoin community have in common is they don’t know what they don’t know, but they think they know everything.”
— George Gammon

Location: Remotely
Date: Friday 11th December
Company: The Rebel Capitalist Show
Role: Host

Bitcoin is a revolutionary thing that will potentially have a hugely positive impact on the world. Bitcoiners believe in its ability to change many aspects of the modern world by reducing the role of the state and leading to a more open and free society but this vision isn’t shared by all.

With memes like Bitcoin fixes this applied to everything from central banking to inequality and war, however, for those looking from the outside, does this behaviour look like a religion or cult?

In this interview, I talk to George Gammon, an investor and YouTube host who is “bullish Bitcoin, bearish Bitcoiners”. We discuss his Bitcoin thesis, where he thinks its strengths and weaknesses lie and his thoughts on the Bitcoin community.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

-----

WBD288 - 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.

Dec 15, 2020
Bitcoin in the Senate with Cynthia Lummis

“If we reach the point where we have overspent so much, that things start crashing down, the black swan event occurs… there is a backstop available to every government in the world, and that backstop is Bitcoin.”
— Cynthia Lummis

Location: Remotely
Date: Tuesday 1st December
Role: Senator

Wyoming's Cynthia Lummis is the first woman to represent Wyoming in the Senate, not only that; she is the first Bitcoiner ever to make it into the Senate.

Cynthia describes herself as a "libertarian-leaning Republican". She plans to focus on reducing government debt as well as increasing the understanding of Bitcoin within the Senate.

In this interview, we discuss how she became a Bitcoiner, her political goals, the understanding of Bitcoin within the government and the US debt and deficit.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

-----

WBD287 - 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.

Dec 14, 2020
MicroStrategy’s Bitcoin Moonshot with Andy Edstrom

“This is the one asset in modern history, where average people have had a shot at it before companies and before hedge funds and before billionaires… that window may be ending.”
— Andy Edstrom

Location: Remotely
Date: Thursday 10th December
Company: Swan Bitcoin
Role: Head of Institutional Investment

When MicroStrategy acquired $425 million of Bitcoin earlier this year, it sent a clear message to corporations everywhere, that Bitcoin is a valuable asset and can be a vital part of a company's treasury.

With an asset as volatile as Bitcoin, this move wasn't without its risks, however, just a few months after piling into Bitcoin, that $425 million is now worth around $750 million. 

Now just a few months after first buying Bitcoin, company CEO, Micael Saylor is not happy with the company's 40,824 Bitcoin and now has plans to raise another $550 million to buy more.

In this interview, I talk to Andy Edstrom, the Head of Institutional Investment at Swan Bitcoin. We discuss MicroStrategy's Bitcoin moonshot, ETFs, mass awareness & adoption and the race for corporations to own Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

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WBD286 - 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:
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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.

Dec 11, 2020
Gary Vee on Bitcoin

“When paper [money] is printable in perpetuity, and not grounded to the gold standard, or some other aspect, the thesis is not difficult to understand.”
— Gary Vaynerchuk

Location: Remotely
Date: Monday 23rd November
Company: VaynerX
Role: CEO

Gary Vaynerchuk is an entrepreneur, author, speaker, and Internet personality who has known about, and owned Bitcoin for a long time, but has yet to go down the Bitcoin rabbit hole.

2020 has highlighted the importance of Bitcoin. We have seen unprecedented monetary and fiscal stimulus as governments try and keep local economies afloat. In response, we have seen institutional investors taking note and corporations adding Bitcoin to their treasuries. The outlook is very bullish; however, the impact of all of this is difficult to comprehend.

In this interview, I am joined by Gary, who asks the big questions; what happens if Bitcoin takes over and how will states react if Bitcoin becomes a threat.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

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WBD285 - 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

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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.

Dec 08, 2020
Funding Bitcoin Development with John Newbery

“Having an organisation that exists to bring on new protocol developers and fund existing protocol developers brings much more benefit to Bitcoin than I could by writing code.”
— John Newbery

Location: Remotely
Date: Monday 16th November
Company: Brink
Role: Founder

Bitcoin has a market capitalisation of over $300 billion, holding significant value for millions of investors. Yet we all rely on the developer community around the world to protect the network from bugs and attack. The importance of high-quality development and review is paramount to every bitcoiner. However, with no centralised developer fund or company, it can be challenging for developers to find funding.

While there are a handful of companies who actively support Bitcoin development such as Chaincode Labs, Blockstream, Square Crypto, among others, opportunities as a full-time Bitcoin developer are limited. 

Recently, companies in the space have started dedicating funds to developers, including Coinbase and Gemini, recognising that the foundations of their businesses rely on this work too.

John Newbery recently left Chaincode Labs to set up a Bitcoin research and development centre. With Brink, John aims to onboard and fund new Bitcoin developers.

In this interview, I talk to John Newbery to discuss his decision to leave Chaincode Labs, funding for open source Bitcoin development, starting Brink and what he is working on developing.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

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WBD284 - 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

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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.

Dec 04, 2020
Bitcoin Vs Altcoins with Dan Held & Erik Voorhees

“Bitcoin has been forged in an environment of hostility, from the very beginning. It is an explicitly counter-cultural, transformative technology, which if successful, will change much of how the earth works and is going to have a gazillion enemies, 100%. Zcash and Ethereum are not enemies of Bitcoin.”
— Erik Voorhees

Location: Remotely
Date: Thursday 19th November
Company: Kraken & ShapeShift
Role: Founder/CEO & Head of Growth

Altcoins almost always promise an improvement on Bitcoin, whether that is faster transactions or lower fees, enhanced privacy or some other killer use case. However, this is almost always marketing hype, with altcoins being a history of failure.

For newcomers to Bitcoin, falling into the trap of investing in altcoins is easy. With the price of Bitcoin approaching all-time highs, we will undoubtedly soon see a wave of news coverage and an influx of newcomers to the space. 

So, should you avoid altcoins? Bitcoin Maximalists say yes, while many others say no.

In this interview, I talk to Dan Held, the Director of Business Development at Kraken and Erik Voorhees, the founder and CEO of ShapeShift. Dan and Erik debate Bitcoin vs altcoins, DeFi, decentralisation and security.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Otis - Buy and sell shares of contemporary art, sneakers, and collectibles.

-----

WBD283 - 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

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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.

Dec 01, 2020
Bitcoin is Fourth Turning Money with Brandon Quittem

“Everyone is short Bitcoin, and only 1% of us realise it.”
— Brandon Quittem

Location: Remotely
Date: Thursday 19th November
Company: Swan Bitcoin
Role: Director of Marketing

2020 has been a year like no other. 

With the outbreak of the coronavirus, large parts of the world went into lockdown in an attempt to contain its spread. The virus has been hugely politicised, and government responses have been polarising.

Amid the outbreak, the death of George Floyd while in police custody sparked one of the most massive protests in history. What started as a peaceful protest escalated and caused looting and violence. Cities across America implemented curfews, and President Trump threatened to use the military to put an end to the unrest.

Most recently, the US election has been marred by controversy. After initially falling behind in the race Joe Biden was declared the winner. However, Trump has so far refused to concede defeat and claims a fraud has been committed on the American people as he attempts to retain power.

While the events of 2020 are unexpected, some predicted this unravelling of the world order. In 1996 Neil Howe and William Strauss released their book The Fourth Turning which suggests that every 80-90 years a crisis recurs known as the Fourth Turning.

With the Great Depression in the ’30s followed by the Second World War marking the previous crisis period, some think we may be witnessing the next one. 

In this interview, I talk to Brandon Quittem, a writer and advisor for Swan Bitcoin. We discuss the Fourth Turning, each 90-year cycle, individualism vs collectivism and the role that Bitcoin plays.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD282 - 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 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.

Nov 27, 2020
No Escape from Bitcoin's Gravity with Nik Bhatia

“It’s just becoming clear to the smartest investors in the room, that denying Bitcoin is like denying the internet 20 years ago and it’s a mistake and you’re going to get left in the dust.”
— Nik Bhatia

Location: Remotely
Date: Wednesday 18th November
Company: USC Marshall School of Business
Role: Adjunct Professor of Finance

After dropping to lows of ~$4000 when markets went into freefall following the coronavirus outbreak, Bitcoin has bounced back to a near to all-time high of ~$18,500.

The impact of the pandemic on the economy has been a massive increase in government borrowing and money printing. This response has highlighted the importance of scarce assets which can't be debased. 

Gold has historically been the safe-haven asset that money flows into during times of uncertainty. However, many are now turning to Bitcoin, and it is quickly eating into gold's market share.

In a world of fiat currencies, gold and the impending rise of central bank digital currencies, where does Bitcoin fit?

Nik Bhatia has written Layered Money a book looking into this that will be released early in 2021. We discuss his book, where Bitcoin fits in the monetary system, the history of government control over money and central bank digital currencies.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD281 - 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.

Nov 24, 2020
The Case for Bitcoin with Dan McArdle

“Bitcoin was born in the great financial crisis but was just a toy. Now, we have another crisis with similar monetary outcomes, and it’s not a toy anymore, it is the escape valve now.”
— Dan McArdle

Location: Squadcast
Date: Thursday 12th November
Company: Messari Crypto
Role: Co-Founder

With the Bitcoin pricing sitting at around $17.5K, up from $4k in March, Bitcoin has had an incredible year. 

With institutional investors starting to take note, unprecedented monetary and fiscal policy highlighting the importance of sound money and corporations adding Bitcoin to their treasuries, the outlook is very bullish.

With such a rapidly evolving market, it is hard to keep track of everything that is happening. To help with this Dan McArdle has created CaseBitcoin; a website that compiles information and resources on the different value propositions of Bitcoin, its price history in comparison to critical markets & traditional assets and provides a library of some of the best articles and literature on Bitcoin.

In this interview, I am joined by the creator of casebitcoin.com, Dan McArdle. We discuss the current bull market, comparisons to 2017, the current economic climate and how newcomers to Bitcoin can navigate the space.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD280 - 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.

Nov 20, 2020
The Institutional Case for Bitcoin with Dan Morehead and Mike Novogratz

“We’re just still in the really, really early innings in this thing. 100 million people have it, and we think that’s awesome, but there will be 6 billion people with it in 20 years”
— Dan Morehead

Location: Squadcast
Date: Wednesday 11th November
Company: Pantera Capital & Galaxy Digital
Role: Co-Founder, CEO & Founder, CEO

2020 has been a year, unlike any other. With the coronavirus pandemic bringing the world to a standstill, the global economy is under significant pressure. Governments have needed to take action, and we have seen unprecedented levels of fiscal and monetary stimulus.

The current economic outlook highlights the bullish case for Bitcoin, and large institutions are beginning to take action. Microstrategy made the bold first move and put $425million of their treasury into Bitcoin. Michael Saylor's bold move sent a message to CEOs all over the world and shortly after Square followed suit with a $50million Bitcoin purchase.

So how seriously are institutions taking Bitcoin? And will we see a wave of institutional investment?

In this interview, I talk to veteran investors Dan Morehead, co-founder & CEO of Pantera Capital and Mike Novogratz, founder & CEO of Galaxy Digital. We discuss their first Bitcoin purchase, institutional interest & what they expect from Bitcoin in the coming years.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD279 - 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.

Nov 17, 2020
Adam Curry on Podcasting with Bitcoin

“Paypal de-platform people, MasterCard, which is the processing behind a lot of these systems de-platform people… and the only thing left is Bitcoin.”
— Adam Curry

Location: Squadcast
Date: Tuesday 3rd November
Project: No Agenda Podcast
Role: Co-Host

Adam Curry, along with Dave Winer are credited as the creators of podcasting in the early 2000s. The idea of allowing anyone to broadcast over the internet in an unfiltered and uncensored manner was revolutionary.

For nearly two decades, podcasting has grown into an industry, which Business Insider predicts will be worth $1billion by 2021. 

With the meteoric rise in podcasting, some podcasts are attracting more followers than mainstream TV shows, for example, Joe Rogan regularly receives more than 10 million listeners per show. 

Advertisers wanting exposure to these audiences is the most common way to monetise podcasting. Adam Curry wants to move away from revenue driven by advertising which he believes is a form of censorship. Again Adam is attempting to revolutionise podcasting with Podcast Index that will, optionally, allow micropayments via Lightning Network to reward podcasters for their content.

In this interview, I talk to the podfather Adam Curry. We discuss the origins of podcasting, COVID-19 & vaccinations, de-platforming & cancel culture and utilising the Lightning Network for podcast micropayments.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD278 - 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.

Nov 13, 2020
Resistance is NOT Futile with Aleks Svetski

“I want to see a world that is optimised for freedom, not for safety.”
— Aleks Svetski

Location: Squadcast
Date: Tuesday 3rd November
Project: Amber
Role: CEO

The sound money properties of Bitcoin attract those interested in Austrian Economics and Libertarianism; in fact, Libertarians were one of the earliest groups of people to adopt Bitcoin and truly understand its importance and value.

Since I've gone down the Bitcoin rabbit hole, Libertarianism has been something that I have paid close attention to on the show. The arguments for an anarchist society are compelling; however, one thing that I have always struggled with is how an anarchist society would work and how we would transition to this from a democratic society.

In this interview, I talk to Aleks Svetski, a Libertarian who has written several articles outlining how he thinks an anarchist society would work. We discuss libertarianism, democratic v anarchist societies and the erosion of individual freedoms.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD277 - 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

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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.

Nov 10, 2020
The 1 Bitcoin Trump Bet Update with American HODL

“I think this election was Trump vs the media, Biden was just a placeholder.”
— American HODL

Location: Squadcast
Date: Tuesday 3rd November

In July, I tweeted that I would bet anyone $5,000 that Trump would lose the 2020 election. American Hodl took me up on the bet, and with the help of Phil Geiger we each deposited 0.5 BTC into a multisig.

With the election this week, I caught up with American HODL three times, before, during and after the election to discuss everything that is happening.

While Joe Biden went into the election as the clear favourite, according to the polls, it wasn’t long before the narrative switched and by the early hours of election day UK time, Trump looked sure to win.

The following morning, as the results of mail-in ballots hit the counts, the election swung back in favour of Biden. With Wisconsin and Michigan flipping democrat and Pennsylvania threatening to do the same, Biden looks like he may win the race to the Whitehouse. 

The election has not been without drama, with accusations from Donald Trump and his supporters of fraud. Now legal challenges are being submitted, and the path to a decision is unclear.

In this interview, American HODL and I catch up before, during & after the US Election. We follow the ups and downs of election night, Trump threatening legal action in various states, demanding recounts and what happens between now and the inauguration. 


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

-----

WBD276 - 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.

Nov 06, 2020
The Money Revolution with Raoul Pal

“If what they’re telling you is they want to do a Bretton Woods, where we can all agree to stabilise our currencies and do massive printing… christ, if you’re after a better case for Bitcoin, I’ve never heard of one.”
— Raoul Pal

Location: Squadcast
Date: Thursday 29th October
Company: Real Vision
Role: Co-Founder & CEO

The Bretton Woods agreement was created in 1944, following the end of the Second World War. The agreement pegged the US Dollar to gold, with other nations pegging their currencies to the dollar. The agreement was an attempt to stabilise economies after the devastation of the war.

The IMF recently released an article in which they called the economic impact of the COVID-19 pandemic a “new Bretton Woods moment.” Suggesting that the pandemic’s effect on the economy and the substantial fiscal stimulus required may be too hard to come back from without change.

The IMF announcement happened in the shadow of central banks around the world looking more and more at issuing their digital currencies. These Central Bank Digital Currencies, known as CBDCs, will give more power to the state over the control and flow of money. While this control does offer some benefits, they do also increase surveillance and reduce monetary freedoms.

Are we in the midst of a revolution in money? And what does it mean for Bitcoin?

In this interview, I am joined by Raoul Pal, macroeconomist and co-founder & CEO of Real Vision. We discuss the IMF considering a new Bretton Woods type system, central banks issuing digital currencies and what this means for Bitcoin.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

WBD275 - 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.

Nov 03, 2020
Fintech and Bitcoin with Kevin Lehtiniitty

“It’s not even about the financial gain; sure maybe it’ll 10x, maybe it’ll 100x, maybe it’ll 2x. I don’t really care. It’s about the freedom.”
— Kevin Lehtiniitty

Location: Squadcast
Date: Wednesday 14th October
Company: Prime Trust
Role: Chief Product Officer

Over the last few years, neobanks and fintech companies such as Cash App, Revolut, Venmo (amongst others) have grown hugely in popularity, with many choosing to step away from traditional banking and jump on this new wave in finance.

Neobanks offer features that you cannot access in the traditional finance world. Along with quick and more effortless transactions, many services allow you to invest in stocks, commodities and Bitcoin (and other cryptocurrencies), from within their apps.

So, what impact will exposing hundreds of millions of people to Bitcoin have?

Prime Trust is one of the companies behind that help these fintech businesses operate, and in this interview, I talk to Kevin Lehtiniitty, their Chief Product Officer. We discuss financial censorship, the outdated legacy infrastructure in the US, neobanking and the role of bitcoin in the future of financial applications.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

WBD274 - 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.

Oct 30, 2020
Shit Bitcoiners Say with Rusty Russell

“This irrational exuberance is where I’m like you know what… calm the fuck down, this stuff is not promised to you, number will not always go up, it is not guaranteed to hit $100k, $288k or whatever fucking number you want and even if it does hit $1 million, you wonder what $1million will be worth at the time.”
-
Rusty Russell

Location: Squadcast
Date: Friday 25rd September
Company: Blockstream
Role: Lightning Network Developer

Bitcoiners can be firm in their views and are often called toxic by outsiders; however, this toxicity plays an important role. Bitcoin is a threat to the legacy financial system. It is therefore open to a broad range of attacks from technical to social and Bitcoin's immune system defends against these attacks to protect the protocol.

In previous episodes, I have looked at the pros and cons of toxicity and how it acts as an immune system for Bitcoiner. Does this immune system lead to silly narratives going unchallenged? Can Bitcoin fix everything or are we missing critical nuanced debates regarding its potential?

Rusty Russell is somewhat of a contrarian in the Bitcoin space. He is a lightning network developer for Blockstream but also runs the Shit Bitcoiners Say Twitter account which regularly calls out some of the more overzealous and outlandish claims by Bitcoiners.

In this interview, Rusty and I discuss the lightning network, open-source development, narratives and overzealous Bitcoiners.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

WBD273 - 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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Oct 27, 2020
The Case for $500K Bitcoin with Cameron & Tyler Winklevoss

“The question in our mind is not so much does it get to $500K, but how quickly.”
— Cameron Winklevoss

Location: Squadcast
Date: Tuesday 20th October
Company: Gemini
Role: Co-Founders

In August, Cameron and Tyler Winklevoss released The Case for $500K Bitcoin. A paper that outlines the value proposition of Bitcoin, why it is a superior store of value and hedge against inflation than either gold, oil and the US dollar.

In the paper, they describe the world as ‘drowning in debt’, even before the coronavirus outbreak, and predict that the pandemic may cause everyone to come face to face with the reality of debt spiralling out of control.

While the impact on the world may be scary for the broader economy, the twins outline Bitcoin as a major winner in this scenario and predict Bitcoin’s market cap to grow from its current market capitalisation (approx. $225 billion) to that of gold (approx. $9 trillion). With the price of a Bitcoin at around $550K.

We discuss their paper, why Bitcoin is the best hedge against inflation, the debt reckoning and Wall Street investing in Bitcoin.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD272 - 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

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
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Oct 23, 2020
Becoming a Bitcoin Core Developer with Amiti Uttarwar

“I think that having a global currency is inevitable at some point, whether in our lifetime or another, and I think Bitcoin is the kind of global currency I’d like to see.”
— Amiti Uttarwar

Location: Squadcast
Date: Thursday 17th September
Role: Bitcoin Core Developer

Due to the decentralised nature of Bitcoin, committing to becoming a full-time core developer comes with challenges. While the Bitcoin network is worth over $200 billion, there is no central development fund to ensure that developers are working full time on the protocol.

While there are numerous independent contributors, many developers rely on support from a growing number of companies such as Chaincode Labs, Blockstream, Lightning Labs and a handful of others who fund work on the protocol.

In this interview, I talk to Bitcoin Core Developer Amiti Uttarwar. We discuss her residency at Chaincode Labs, contributing to Bitcoin Core, working on open source projects and the blacklist controversy.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD271 - Show Notes

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

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

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
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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.

Oct 20, 2020
Bitfinex - The Hacks, Tether and Bitcoin with Paolo Ardoino

“It’s important to us to support Bitcoin and to show respect to the coin that made all of this possible.”
— Paolo Ardoino

Location: Squadcast
Date: Monday 7th September
Company: Bitfinex
Role: CTO

Bitfinex is one of the oldest and largest Bitcoin exchanges. Since 2014, the exchange has had to endure multiple hacks, including at $60 million theft in 2016.

iFinex, the parent company of Bitfinex, also oversees Tether. Tether is the largest stablecoin, regularly facilitating over $50 billion in daily trading volume and is supported by close to 150 exchanges. It too isn't without its controversies, there have been calls to audit Tether to prove that it is fully reserved and there are claims ether printing has been used to manipulate the markets.

Despite the controversies, the Bitfinex and Tether teams have been instrumental in supporting the growth of Bitcoin.

In this interview, I talk to Paolo Ardoino the CTO of Bitfinex. We discuss how Bitfinex dealt with the exchange hacks, protecting against future attacks, Tether, the Lightning Network and funding Bitcoin projects.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD270 - Show Notes

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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 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.

Oct 16, 2020
The Bitcoin Bull Bull Bull with Michael Saylor

““I think that Bitcoin is the best hope that people have to make the world a better place, by providing this sovereign empowerment.”
— Michael Saylor

Location: Squadcast
Date: Thursday 8th October
Company: MicroStrategy
Role: CEO

In August, MicroStrategy made the bold move of purchasing 21,454 Bitcoin to add to their treasury, spending $250 million. In doing so, CEO Michael Saylor stated that he views Bitcoin as a "dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash".

The next month MicroStrategy announced that they had doubled down on their conviction in Bitcoin and acquired an additional 16,796 Bitcoin, taking their total spend to $425 million. This move sent a clear message to businesses everywhere that Bitcoin is a valuable asset and can be a key part of a company's treasury.

Following in the footsteps of Microstrategy, last week Square announced that they too had added Bitcoin to their treasury with the purchase of 4,709 Bitcoin for ~$50 million.

In the second part of my interview with Michael Saylor, the CEO of Microstrategy, we discuss his Bitcoin value proposition, his view on maximalism and alts, privacy, decentralisation and the Bitcoin circular economy.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD269 Show Notes: https://www.whatbitcoindid.com/podcast/the-bitcoin-bull-bull-bull

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

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

Make a tip:
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QR Codes: Bitcoin
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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.

Oct 14, 2020
Bitcoin in the Boardroom with Michael Saylor

“I realised I’m on a melting ice cube of $500 million worth of money, the purchasing power is dwindling at 10% to 20% a year, I have to do something.”
— Michael Saylor

Location: Squadcast
Date: Thursday 8th October
Company: MicroStrategy
Role: CEO

In August, MicroStrategy made the bold move of purchasing 21,454 Bitcoin to add to their treasury, spending $250 million. In doing so, CEO Michael Saylor stated that he views Bitcoin as a "dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash".

The next month MicroStrategy announced that they had doubled down on their conviction in Bitcoin and acquired an additional 16,796 Bitcoin, taking their total spend to $425 million. This move sent a clear message to businesses everywhere that Bitcoin is a valuable asset and can be a key part of a company's treasury.

Following in the footsteps of Microstrategy, last week Square announced that they too had added Bitcoin to their treasury with the purchase of 4,709 Bitcoin for ~$50 million.

In this interview, I talk to Michael Saylor, the CEO of Microstrategy. We discuss their Bitcoin purchase, where his conviction in Bitcoin came from, Square buying Bitcoin and the process of adding Bitcoin to a public companies treasury.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD268 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-in-the-boardroom

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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

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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.

Oct 13, 2020
Bitcoin Toxicity with Giacomo Zucco & Neil Woodfine

“It may be one shot, it’s important, the consequences on civilisation are huge, so we want to be over-cautious about not compromising the culture or the technical features of Bitcoin.”
— Giacomo Zucco

Location: Squadcast
Date: Thursday 24th September
Company: BHB Network & Blockstream
Role: Director & Marketing Director

Bitcoin can be a toxic place. Ask the wrong question or fall on the wrong side of an argument; the community can be vicious in its response. It is a daunting place with Bitcoiners not only clashing with altcoin projects but with each other regarding Bitcoin ideas too. Rarely a day passes without a fight of some kind exploding on Twitter.

However, toxicity plays an important role. Bitcoin is a threat to the legacy financial system, and being decentralised; anyone can contribute. Bitcoin is therefore open to a broad range of attacks from technical to social and Bitcoin's immune system defends against these attacks to protect the protocol.

Segwit2x highlighted how a group might choose to co opt Bitcoin with dangerous consequences. Radical scepticism is levelled against other projects, people and companies to ensure that no outside party can have a negative influence on the future of the best money we have ever had.

So, what are the positives and negatives of toxicity in Bitcoin? When does toxicity cross the line and are there any unintended consequences?

In this interview, I am joined by Bitcoin consultant and educator Giacomo Zucco and Neil Woodfine, Marketing Director for Blockstream. We discuss toxic Bitcoin maximalism, unintended consequences and politics within Bitcoin.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD267 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-toxicity

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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

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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.

Oct 09, 2020
How Bitcoin is Helping Protesters in Belarus with Alex Gladstein & Jaraslau Likhachevski

“I’ve never been a crypto enthusiast, I never believed in it… until this summer.”
— Jaraslau Likhachevski

Location: Squadcast
Date: Wednesday 30th September
Company: Human Rights Foundation & BYSOL
Role: Chief Strategy Officer

Belarus is in the midst of massive protests, sparked in August by an election win for the long time leader of the country, Alexander Lukashenko. Lukashenko has been in power since the first presidential election in Belarus in 1994 when the country gained independence from the Soviet Union. The constitution following independence limited presidents to two terms but Lukashenko fought to change this and has remained in power since.

Following the disputed election on August 9th hundreds of thousands of people have taken to the streets claiming Lukashenko rigged the election results. Opposition leader Svetlana Tikhanovskaya is claiming that she is the rightful president with reports that she had won 60-70% of the votes.

These marches have become violent with Lukashenko's state security forces using rubber bullets, tear gas and extreme brutality against the protesters.

Protestors are targeting state infrastructure by striking. To support those standing up to the regime, the Human Rights Foundation has set up a Belarus Solidarity Fund. They are using Bitcoin as a censorship-resistant way of getting money to those striking to supplement their lost wages.

In this interview, I talk to Alex Gladstein the Chief Strategy Officer at The Human Rights Foundation and Jaraslau Likhachevski from BYSOL We discuss the political situation in Belarus, the protests and how Bitcoin is helping activists.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD266 Show Notes: https://www.whatbitcoindid.com/podcast/how-bitcoin-is-helping-protesters-in-belarus

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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

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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.

Oct 06, 2020
What is Bitcoin? With Parker Lewis, Robert Breedlove & Vijay Boyapati

“Of anything I have ever looked at in my life, I would put Bitcoin as nearest to inevitable as I could.”
— Robert Breedlove

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.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD265 Show Notes: https://www.whatbitcoindid.com/podcast/what-is-bitcoin

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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

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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.

Oct 02, 2020
Bitcoin: A Novel Economic Institution with Yassine Elmandjra

“Bitcoin is not going away… whether or not you like it, whether or not you have qualms with it, whether or not your government has banned it or you know of a government has banned it. It lives and breaths on the internet and is effectively unstoppable.”
— Yassine Elmandjra

Location: Squadcast
Date: Wednesday 23rd September
Company: Ark Investment Management
Role: Thematic Analyst

Before the advent Bitcoin, financial systems operated based on trust. Central banks, government-issued fiat money and payment processors all rely on trusted third parties. Relying on trust-based systems leaves the user vulnerable to decisions that do not necessarily benefit them, from inflation of the money to supply to the censoring of transactions.

Bitcoin changes this.

With Bitcoin, there is a fixed supply and rigid monetary policy, and the rules of the system can't be changed at the whim of a small group of people. Add to this the ability to truly custody your wealth; it is clear to see why Bitcoin is so revolutionary.

Not everyone has been quick to pick up on Bitcoin. Many institutional investors are still sceptical for many reasons, from the old defunct arguments that Bitcoin is for criminals and terrorists to concerns around price volatility. However, there are signs that institutions are beginning to shift their thinking, highlighted by MicroStrategy's recent decision to move $425 million of their treasury into Bitcoin.

In this interview, I talk to Yassine Elmandjra, a Thematic Analyst at Ark Investment, who recently published two whitepapers on Bitcoin. We discuss trust-based v trust minimised systems, property rights and institutional investment in Bitcoin.


This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD264 Show Notes: https://www.whatbitcoindid.com/podcast/a-novel-economic-institution-with-yassine-elmandjra

-----

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

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

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
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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.

Sep 29, 2020
The World's First Crypto Bank with David Kinitsky & Marco Santori

“The bottom line is that a bank is a big deal… banking is the granddaddy of it all, it’s the bottom of the financial services stack.”
— David Kinitsky

Location: Squadcast
Date: Wednesday 23rd September
Company: Kraken Financial & Kraken
Role: CEO & Chief Legal Officer

Last week Kraken announced that the Wyoming Banking Board had voted in favour of the exchange's application for a banking charter under Wyoming's Special Purpose Depository Institution statute. This charter makes Kraken the first cryptocurrency company to gain banking status.

Receiving the banking charter opens traditional rails in the finance world that had previously been unavailable to the exchange, and in turn, will lead to the development of a range of innovative new banking services.

In this interview, I talk to Kraken Financial CEO David Kinitsky and Kraken's Chief Legal Officer Marco Santori. We discuss the creation of a crypto bank, what it will mean to both the industry and Kraken customers and why they chose Wyoming.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

WBD263 Show Notes: https://www.whatbitcoindid.com/podcast/the-worlds-first-crypto-bank

-----

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

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

Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
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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.

Sep 25, 2020
Why a Currency Devaluation is Likely with Lyn Alden

“There is a pretty asymmetric reward for holding Bitcoin.”
— Lyn Alden

Location: Squadcast
Date: Monday 21st September
Company: lynalden.com
Role: Macroeconomist

When COVID-19 struck, governments across the world implemented unprecedented stimulus packages to help what were already fragile economies, which had never fully recovered from the 2008 global financial crisis.

While the economy moves in short-term 5-10 year cycles, a larger multi-decade cycle appears to be coming to an end. As governments pursue further rounds of quantitive easing, debt to GDP levels are heading towards what Lyn calls the event horizon, where debt to GDP is over 130% and currency devaluation is the most likely outcome.

Holding cash through a currency devaluation risks losing purchasing power as governments increase the money supply to service debt, thus scarce assets such as gold and Bitcoin are a safe haven.

In this interview, I talk to Lyn Alden, a macroeconomist and founder of Lyn Alden Investment Strategy. We discuss the current state of the economy, monetary and fiscal policy debt cycles and if we should expect currency devaluation.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD262 Show Notes: https://www.whatbitcoindid.com/podcast/why-a-currency-devaluation-is-likely-with-lyn-alden

-----

If you enjoy The What Bitcoin Did Podcast you can help support the show my 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

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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.

Sep 22, 2020
Bitcoin: The Great Disruption with Luke Gromen

“The system of the last 50 years is over, it hasn’t worked, it has broken down.”
— Luke Gromen

Location: Squadcast
Date: Wednesday 9th September
Company: FFTT, LLC
Role: Founder

In 1971 Nixon announced that the US would sever all ties between the dollar and gold and would no longer convert dollars to gold at a fixed value of $35/oz, putting an end to any remnants of a gold standard and ushering in a new era in finance.

This new system led to decades of excessive risk-taking, cheap credit and questionable incentive structures. In 2008, the new system came crashing down when the US housing bubble burst and in turn, sent the entire world into the worst financial crisis since the great depression.

To manage the economic crash, central banks pushed quantitative easing to stimulate the economy, but now, 12 years later, the world's economy is again teetering on the edge.

The COVID-19 pandemic has highlighted the fragility of the global economy. With decades of currency debasement, investors are turning to scarce assets such as gold and Bitcoin to hedge the risk of inflation.

In this interview, I talk to macroeconomist and founder of FFTT, LLC Luke Gromen. We discuss the current macroeconomic climate, how the system that has been in place for the last 50 years is coming to an end and why we need Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD261 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-the-great-disruption-with-luke-gromen

-----

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

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

Make a tip:
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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.

Sep 18, 2020
How to Protect Your Bitcoin with Nick Neuman & Jameson Lopp

“The definition of easy for an early Bitcoiner, cypherpunk is much different than the definition of easy for somebody who is just getting started with Bitcoin.”
— Nick Neuman

Location: Squadcast
Date: Wednesday 19th August
Company: Casa
Role: CEO & CTO

One of the earliest lessons for a new Bitcoiner is the security of your Bitcoin. If you lose your private keys or someone hacks you, it is almost certain you will never see that bitcoin again.

Protecting your private keys is one of the first concepts for anyone holding Bitcoin to master. It is the basic building block for becoming self-sovereign, separating your wealth from the legacy financial system.

There is no one way to secure your private keys, and bitcoin holders have a wealth of options available to them, but building a robust security solution which protects you against every possible scenario requires planning.

Casa is a company that specialises in security and offers multisig solutions that help robustly secure your bitcoin while retaining custody.

In this interview, I talk to Nick Neuman and Jameson Lopp, Casa CEO and CTO. We discuss how to secure your Bitcoin, the types of attacks that you need to be aware of and Casa’s multisig solutions.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD260 Show Notes: https://www.whatbitcoindid.com/podcast/how-to-protect-your-bitcoin

-----

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Sep 15, 2020
2020 Oslo Freedom Forum: 24th & 25th September

On 24th & 25th September The Human Rights Foundation hold their annual Oslo Freedom Forum. With COVID this event will be virtual for the first time ever. To register for the event and find out more go to https://oslofreedomforum.com/.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

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

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

Make a tip:
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Sep 13, 2020
Does Bitcoin Have Gatekeepers? With Andreas M. Antonopoulos

“If this system only works if everybody adopts it at the highest level of financial sovereignty and highest level of technical skill and highest level of ideological purity… it’s not going to work.”
— Andreas M. Antonopoulos

Location: Squadcast
Date: Thursday 3rd September
Company: aantonop.com
Role: Speaker, Author & Educator

Some of the most vocal people in the Bitcoin community are highly technical, anarcho-capitalist libertarians, drawn to Bitcoin for its sound money properties. Some have a vision that Bitcoin will change many aspects of the modern world by reducing the role of the state and leading to a more open and free society, but is this vision shared by all?

While it has been essential to protect the Bitcoin protocol from attacks by nefarious parties, has this immune system evolved into ideas beyond Bitcoin which become counter-productive to Bitcoin adoption?

In a space with more than its fair share of scams and people with questionable intentions, some people play an important role in calling these out and protecting investors. However, some Bitcoiners hold others to a very high standard on other political and ideological issues which can create an intimidating environment.

Is Bitcoin an apolitical tool for the censorship-resistant transfer of wealth, or is it a weapon for a political revolution?

Recently, I asked the question on Twitter “What is an xPub”? As someone who is not very technical, this seemed to be a reasonable question, however, I received a lot of backlash from the more technical Bitcoiners. Are there a set of core principles that Bitcoiners should hold and if so, how are these defined, or are these principles just representative of one sub-community within Bitcoin?

In this interview, I talk to Bitcoin Speaker, Author & Educator; Andreas M. Antonopoulos. We discuss toxicity in the Bitcoin community, the steps to better Bitcoin privacy and what an xPub is.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD259 Show Notes: https://www.whatbitcoindid.com/podcast/does-bitcoin-have-gatekeepers

-----

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

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Sep 11, 2020
BTC vs ETH Technicals with Andrew Poelstra, Tadge Dryja, Vitalik Buterin & Patrick McCorry

Location: Squadcast
Date: Thursday 3rd September
Company: Blockstream, MIT Digital Currency Initiative, Ethereum, PISA Research
Role: Director of Research, Research Scientist, Founder, Co-founder & CEO

In my recent Bitcoin Vs Ethereum show, I was joined by Samson Mow and Vitalik Buterin to discuss the philosophical differences between Bitcoin and Ethereum.

For me, the fundamental differences between the two are quite clear, where Bitcoin is conservative and slow, focusing on sound monetary policy, Ethereum is inflationary, experimental and has, what many consider unachievable goals.

Following the debate about the philosophical differences I was keen to expand the conversation into the technical differences between the two networks.

In this episode, I am joined by Andrew Poelstra, Tadge Dryja and Vitalik Buterin and Patrick McCorry. With Paddy as co-host, we discuss the fundamental and technical differences between Bitcoin and Ethereum, scalability and use cases.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

-----

WBD258 Show Notes: https://www.whatbitcoindid.com/podcast/btc-vs-eth-technicals

-----

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

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Sep 08, 2020
Bitcoin Has Entered Phase 5 with PlanB, Jeff Booth & Preston Pysh

“Once you have seen, you cannot unsee. Once you get it, there is no way back.”
— PlanB

Location: Squadcast
Date: Wednesday 2nd September
Company: Independent Trader, Entrepreneur & Author, The Investors Podcast
Role: Bitcoin Quant Analyst, Independent & Host

When Plan released his revised Stock-to-Flow model as a Cross Asset Model (S2FX), he added a new concept: phase transitions. This revision to the model takes into consideration the evolution of Bitcoin’s use and meaning, as such, from proof of concept to payments to e-gold to a financial asset.

Following the halving in May, many have speculated what the next transitional phase would be for Bitcoin, with the model predicting the price of Bitcoin potentially reaching $288K.

With Bitcoin being a provably scarce asset, in times of unprecedented money printing and fiat currency debasement, the bull case for Bitcoin is clear. However, in August, MicroStrategy sent a clear message to businesses everywhere, when in August they announced their purchase of 21,454 Bitcoin, over 1% of the total supply.

MicroStrategy CEO Michael Saylor said that they view Bitcoin as a “dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash”. Other companies have started following MicroStrategy by holding Bitcoin within their treasury.

Could companies holding Bitcoin to protect their cash reserves be the next phased transition for Bitcoin?

In this interview, I talk to Bitcoin quant analyst & creator of the stock to flow model, Plan₿, author of The Price of Tomorrow Jeff Booth & author, engineer & the host of The Investor Podcast, Preston Pysh. We discuss how Bitcoin S2F is entering phase 5.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD257 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-has-entered-phase-5

-----

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

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Sep 04, 2020
INX: Legitimate Token or S***coin? With Alan Silbert, Jameson Lopp & Samson Mow

“ICO’s and those kind of scams have poisoned the well to the point where people can’t really tell what is a real business and what is not a real business anymore.”
— Samson Mow

Location: Squadcast
Date: Monday 31st August
Company: INX, Casa, Blockstream
Role: Executive Managing Director, CTO, Chief Strategy Officer

Last week INX launched their token offering, a first of its kind, a security token approved by the US Securities and Exchange Commission.

INX is a trading platform bringing regulated and digital asset opportunities to institutions and retail investors. Their token offering allows investors to gain pro rata distributions from the companies cumulative adjusted operating cash flow. Controversially the token was launched on the Ethereum blockchain.

The project already has its detractors and critics, with the advisory board catching direct criticism with accusations of hypocrisy, specifically Jameson Lopp and Samson Mow.

While many Bitcoiners have expressed their opinions against the project, others have thrown their support behind it, believing that INX is a legitimate use of a token.

In this interview, I talk to Alan Silbert, Jameson Lopp and Samson Mow about the launch of INX. We discuss why they chose to tokenise on Ethereum, what makes something a shitcoin and the key criticisms directed towards them.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Least Authority - Helping projects improve their security and build secure technology.

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WBD256 Show Notes: https://www.whatbitcoindid.com/podcast/inx-legitimate-token-or-shitcoin

-----

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

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

Make a tip:
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Sep 01, 2020
BTC Vs ETH Episode Review with Udi Wertheimer

“I think that Ethereum is a convoluted mess and I don’t know what it’s good for but fine; other people like it. Good for them.”
— Udi Wertheimer

Location: Squadcast
Date: Monday 24th Aug
Company: Independent
Role: Developer and Consultant, Bitcoin Activist

A deep divide exists between the Bitcoin and Ethereum communities. Bitcoin is conservative and slow and appeals to people who value sound money, censorship resistance and decentralisation. The Ethereum mindset is to "move fast and break things" with broader goals that many Bitcoiners see as flawed and impossible to achieve.

Following my recent episode with Samson Mow and Vitalik Buterin, the responses demonstrated the split in these two communities. Finding impartial voices able to consider the arguments from both camps objectively is challenging, so I asked Udi Wertheimer to come on the show and dissect the interview with me.

We discuss the Bitcoin Maximalist mindset, flaws with the Ethereum protocol and the supplygate saga.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD255 Show Notes: https://www.whatbitcoindid.com/podcast/btc-vs-eth-episode-review-with-udi-wertheimer

-----

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

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Make a tip:
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Aug 28, 2020
The Banking Lending Crisis with FEDUPBIZOWNER

“I think banks are scared shitless. I think they know what’s sitting on their books and they’re praying like holy hell that they will still be solvent in 12 months.”
— FEDUPBIZOWNER

Location: Squadcast
Date: Wednesday 5th August
Company: N/A
Role: N/A

Throughout 2019 and early 2020, the global economy was signalling fragility. However, with the rapid spread of COVID19 and the resulting lockdowns, the global economy is heading into a deep recession.

As governments have worked to control the virus, economies are opening back up. Across the world, governments are facing the challenge of stimulating these faltering economies while managing localised lockdowns.

The Fed announced a new effort to support the economy, including programmes for small and medium-sized businesses, via Main Street lending, however, banks are still, seemingly, reluctant to offer loans.

In this interview, I talk to anonymous Twitter account FEDUPBIZOWNER. We discuss COVID's impact on the lending markets if the banks are facing an insolvency crisis, why stock markets are hitting all-time highs and hedging with gold and Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD254 Show Notes: https://www.whatbitcoindid.com/podcast/the-banking-lending-crisis-with-fedupbizowner

-----

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

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

Make a tip:
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Aug 25, 2020
Protecting Your Bitcoin Privacy with Max Hillebrand

“For me, the guiding principle is to reduce the number of seconds that I hold fiat shitcoins.”
— Max Hillebrand

Location: Squadcast
Date: Wednesday 12th August
Company: Wasabi Wallet
Role: Contributor

Many newcomers to Bitcoin mistakenly think of it as private, but the truth is far more complicated than that. While it is possible to use Bitcoin with a high level of privacy, it has been complicated by the growth in regulations.

Exchanges must enforce KYC in most jurisdictions to allow them to retain their banking services, while chain analysis is increasingly used to flag transactions deemed illicit.

While privately utilising Bitcoin is becoming harder, there are many tools available for Bitcoiners to reclaim their privacy. One of them is Wasabi wallet, best known for CoinJoin, a method which allows users to increase their Bitcoin anonymity.

In this interview, I talk to Wasabi wallet contributor Max Hillebrand. We discuss remaining anonymous while using Bitcoin, Wasabi wallet & CoinJoin, custodian solutions and living a Bitcoin-only life.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD253 Show Notes: https://www.whatbitcoindid.com/podcast/protecting-your-bitcoin-privacy-with-max-hillebrand

-----

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

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

Make a tip:
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Aug 21, 2020
WTF is Happening in 2020? With Guy Swann, Ben Prentice & Heavily Armed Clown

“It doesn’t matter if the world is ready for Bitcoin, because it is coming like a freight train.”
— Heavily Armed Clown

Location: Squadcast
Date: Wednesday 12th August
Company: The Cryptoconomy & WTFhappenedin1971.com
Role: Host & Creators

Modern Monetary Theory is a relatively new school of economic thought. MMT suggests that if governments carefully control inflation, then they should not be concerned with increasing levels of debt.

The views of MMT proponents is in stark contrast to the views held by most Bitcoiners who often favour Austrian economics, which Bitcoin’s monetary policy and fixed supply align closely.

Following my recent interview, with Stephanie Kelton, who put forward what she sees as the benefits to MMT, I wanted to follow up with a panel of Austrian economics proponents to look at the potential flaws in this system.

In this episode, I talk to fellow podcaster Guy Swann, as well as Ben Prentice and Collin, creators of WTFhappenedin1971.com. We discuss Modern Monetary Theory, Austrian economics, and MicroStrategy buying Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD252 Show Notes: https://www.whatbitcoindid.com/podcast/wtf-is-happening-in-2020

-----

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

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

Make a tip:
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Aug 18, 2020
Bitcoin Vs Ethereum with Samson Mow & Vitalik Buterin

“It comes down to what you think money is, and money is really a zero sum game. We’re not going to walk around in a world with thousands or tens of thousands of monies.”
— Samson Mow

Location: Squadcast
Date: Thursday 13th August
Company: Blockstream & Ethereum
Role: Chief Strategy Officer & Founder

The Bitcoin community can be a very hostile place, in an industry that has more than its fair share of scams and questionable projects it often falls at the feet of Bitcoiners to call them out.

In many ways, Ethereum is the antithesis of Bitcoin. Whereas Bitcoin is slow and conservative in its goals and development, the ethos of Ethereum is to ‘move fast and break things’. These philosophical differences often lead to fiery debates between the two communities.

Over the past few days, a new debate was sparked by the seeming inability to verify the total supply of Ethereum. Supplygate has divided the two communities again with many Bitcoiners believing that the ability to audit the supply should be one of the fundamental principles of a money system. With Bitcoin, it is the monetary policy which gives it value over fiat, therefore having a fixed supply and the ability for anyone to run a node and audit the supply is critical.

Believers in Ethereum argue that Ethereum’s value proposition is different and that difficulty of getting consensus around the total supply is not a significant issue.

During this debate Chief Strategy Officer at Blockstream, Samson Mow, and Ethereum creator Vitalik Buterin traded blows on Twitter. I asked them to come on the show and discuss the philosophical differences between Ethereum vs Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD251 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-vs-ethereum-with-samson-mow-vitalik-buterin

-----

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

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Make a tip:
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Aug 16, 2020
All Things Bitcoin with Andrew Poelstra, Giacomo Zucco, Jack Mallers, Matt Odell & Nic Carter

“Bitcoin is a technology that is built for people that are paranoid and prepared, and unfortunately, the world has delivered on that paranoia this year.”
— Nic Carter

Location: Zoom
Date: Wednesday 5th July
Company: Blockstream, BHB Network, Zap & Strike, Tales from the Crypt & Rabbit Hole Recap, Castle Island Ventures
Role: Director of Research, Director, Founder, Co-Host, Partner

For my 250th show special, I asked some of my favourite Bitcoiners to join me for a panel discussion. In this episode, Andrew Poelstra, Giacomo Zucco, Jack Mallers, Matt Odell, Nic Carter and myself discuss all things Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD250B Show Notes: https://www.whatbitcoindid.com/podcast/all-things-bitcoin

-----

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

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

Make a tip:
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Aug 14, 2020
One Thing About Bitcoin

Over the last three years, I have had a huge array of guests from cypherpunks, developers, economists, libertarians, activists, Wall Street veterans and punk rock legends all with one thing in common; Bitcoin.

In this episode, to celebrate What Bitcoin Did’s 250th show, I asked some of my previous guests to tell me one thing about Bitcoin, that matters to them.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD250A Show Notes: https://www.whatbitcoindid.com/podcast/one-thing-about-bitcoin

-----

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

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

Make a tip:
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Aug 14, 2020
Objectivism: The Philosophy of Ayn Rand with Yaron Brook

“I think the government is necessary. A necessary good, not a necessary evil.”
— Yaron Brook

Location: Zoom
Date: Wednesday 5th July
Project: The Yaron Brook Show
Role: Host

Ayn Rand was a Russian-American philosopher and author who developed a philosophical system known as Objectivism.

Objectivism has many similarities with Libertarianism, both believe in non-aggression as well as capitalism via a genuinely free market; however, the critical area they differ on is the role of a central government.

While many libertarians believe anarchy is the only way of overcoming government overreach, objectivists believe in a limited government.

In this interview, I talk to Yaron Brook, host of the Yaron Brook Show and Chairman of the Ayn Rand Institute. We discuss the differences between libertarianism and objectivism, how an Objectivist society would work and Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD249 Show Notes: https://www.whatbitcoindid.com/podcast/objectivism-the-philosophy-of-ayn-rand-with-yaron-brook

-----

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

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

Make a tip:
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Aug 11, 2020
The Bitcoin Cypherpunk Box with Matt Hill & Aaron Greenspan

“I don’t think you can do the future that we envision, without Bitcoin.”
— Matt Hill

Location: Zoom
Date: Monday 27th July
Company: Start9 Labs
Role: CEO/Co-Founder & Co-Founder/Head of Engineering

The birth of the internet caused one of the most significant cultural shifts in human history. Global communication and information sharing has allowed for considerable advancements in society, and it is integral to the world we live in today. However, it is not all positive; the internet sucks up vast amounts of personal data which is then sold and exploited.

There are many ways your data is used against you from targeted advertising to voter manipulation, and Tim Berners Lee, the creator of the internet, cited the loss of control of our personal data as one of his biggest concerns regarding the current state of the internet.

By utilising encryption tools and browsers like Tor, you can still retain your privacy while using the internet, but it is not straight forward. Start9 are changing this.

In this interview, I talk to Matt and Aaron from Start9. We discuss the growing demand for a private internet, retaining control of personal data, encryption and why bitcoin is fundamental to all of this.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD248 Show Notes: https://www.whatbitcoindid.com/podcast/the-bitcoin-cypherpunk-box-with-matt-hill-aaron-greenspan

-----

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Aug 07, 2020
Has the Bitcoin Bull Woken? With Anthony Pompliano

“Having the #2 podcast, I learned everything I know about podcasting from Peter because he is definitely better than me and his show is definitely better than mine, and he is really handsome and cool.”
— Anthony Pompliano

Location: Zoom
Date: Sunday 2nd August
Company: The Pomp Podcast
Role: Host

The benefits of holding a scarce asset have never been more apparent. All over the world, central banks have been printing money at an unprecedented rate to attempt to stimulate faltering economies.

With the outbreak of coronavirus and subsequent lockdowns in March, the majority of markets crashed. Bitcoin was no different, hitting local lows of ~$4,000. Since then Bitcoin has rallied and is currently sitting at ~$11,000.

The price action and current economic conditions have led many to believe we are at the beginning of a bull market like the one we saw in 2016/2017.

In this interview, I talk to Anthony Pompliano, founder and partner at Morgan Creek Capital and the host of the Pomp podcast. We discuss his recent interview with Roger Ver, the economic impact of the coronavirus & the Bitcoin bull market.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD247 Show Notes: https://www.whatbitcoindid.com/podcast/has-the-bitcoin-bull-woken-with-anthony-pompliano

-----

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

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Aug 04, 2020
Modern Monetary Theory with Stephanie Kelton

“The people who were so sure that deficits drive interest rates up or that QE is inflationary, those people who asserted those things with real fervour, I think are demonstrably wrong.”
— Stephanie Kelton

Location: Zoom
Date: Wednesday 29th July
Company: Stony Brook University
Role: Professor of Economics and Public Policy

With the abandonment of the gold standard in the early 20th century, there has been nothing to limit the amount of money a central bank can print, leading to a rapid rise in national debts. In the US debt alone, the national debt stands at $26.5 trillion, and the growth is accelerating.

While conventional economic theory would suggest this ever-growing debt is dangerous as it can lead to uncontrollable rises in inflation and a devaluing of the dollar, there is a newer school of thought; Modern Monetary Theory which makes a different argument. MMT suggests that governments should not be concerned with increasing debt, arguing the only risk is inflation, which is controllable.

MMT is the antithesis to the Austrian school of thought that aligns with Bitcoin’s monetary policy of fixed supply and deflationary issuance.

In this interview, I talk to Stephanie Kelton, professor of economics and public policy at Stony Brook University. We discuss the benefits of modern monetary theory, why increased spending may not lead to inflation, national debt and money printing.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD246 Show Notes: https://www.whatbitcoindid.com/podcast/modern-monetary-theory-with-stephanie-kelton

-----

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

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Jul 31, 2020
Bitcoin: The Hardest Money with Richard James

“To really be in the right mindset, to be receptive to Bitcoin, you’ve got to realise that you’ve got a problem, you’ve got to realise that these people are stealing from you.”
— Richard James

Location: Zoom
Date: Tuesday 21st July
Company: hardmoneyfilm.com
Role: Film Maker

Some of the earliest forms of money included seashells and glass beads before people discovered precious metals and began trading using silver and gold. Anything can be a medium of exchange, but the forms of money that have stood the test of time are scarce.

We are now in the era of fiat money; government-controlled, paper money, with no intrinsic value or backing. Fiat money is easy to produce, and with that, there is a huge incentive for governments to keep printing more of it. They do this for several reasons from bailing out business to providing economic stimulus when their policies have failed.

Throughout history, gold has been the hardest form of money, until 2009, when Satoshi Nakamoto created Bitcoin. With a fixed supply of 21 million and a controlled issuance, Bitcoin is the hardest money we have ever seen.

In this interview, I talk to Richard James, the creator of Hard Money, a film looking at how money has been corrupted and co-opted. We discuss Austrian economics, the similarities between gold and Bitcoin, Hard Money and modern art.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD245 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-the-hardest-money-with-richard-james

-----

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

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Jul 28, 2020
Coinbase CEO Brian Armstrong on Bitcoin

“There is really no excuse I can give you, so all I can tell you is we make mistakes as well, and a lot of building a company is trying to learn from mistakes and just get better over time.”
— Brian Armstrong

Location: Zoom
Date: Thursday 23rd July
Company: Coinbase
Role: Co-Founder & CEO

Coinbase is amongst the largest and most established Bitcoin companies in the world, and it has secured itself as one of the most accessible places to buy and sell Bitcoin. Its latest round of funding valued Coinbase at $8.1 billion, and there are rumours that the company plans to be listed on a U.S stock exchange later this year.

Forbes recently called Coinbase ‘Bitcoin’s Guardian Angel’ and claimed it would make ‘crypto safe for all’; however, the view within the Bitcoin community is quite different. Coinbase has come under heavy scrutiny in recent years, most notably for their $13.5 million acquisition of blockchain intelligence company Neutrino. Following this acquisition, it was revealed that the Neutrino founders were involved in the Hacking Team, a team of people who reportedly sold surveillance tools to governments, including authoritarian regimes. With this news, #deletecoinbase was trending on bitcoin twitter, putting CEO Brian Armstrong under considerable pressure to fire the team.

More recently, Coinbase again sparked controversy when The Block reported that the company agreed to sell blockchain analysis software to The Secret Service and the IRS, and was planning a similar deal with the DEA.

In this interview, I talk to Brian Armstrong, CEO and Co-Founder of Coinbase. We discuss the difficulties in running a large startup, regulations, the Neutrino acquisition & providing analytics to government agencies with Coinbase Analytics.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD244 Show Notes: https://www.whatbitcoindid.com/podcast/coinbase-ceo-on-bitcoin-with-brian-armstrong

-----

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

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Jul 24, 2020
Bitcoin is Punk Rock with Keith Levene

“You vote with your fucking money man, it’s that simple. What is the fucking point of voting for anyone.”
— Keith Levene

Location: Zoom
Date: Monday 13th July

Bitcoin is the most significant disruption to money the world has seen in hundreds of years. It takes power away from centralised parties, and it allows any individual to be entirely self-sovereign and operate in an open system uncontrollable and uncensorable by anyone.

Bitcoin is punk rock!

Punk was not just about music; it was a movement that fought for personal freedom and individualism while remaining staunchly anti-establishment.

Keith Levene is a punk legend and was a founding member of iconic band The Clash and co-founded Public Image Ltd alongside former Sex Pistol, John Lydon.

With the alignment of punk and Bitcoin, it is not surprising that Keith Levene is a Bitcoiner, and a couple of months ago Keith reached out to me and told me he was a regular listener of the show.

In this interview, we discuss the early days of punk rock, the similarities between punk and Bitcoin and why he cares about Bitcoin.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD243 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-is-punk-rock-with-keith-levene

-----

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

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Jul 21, 2020
Bitcoin vs Gold with Peter Schiff

“Bitcoin is the new kid on the block, so Bitcoin has something to prove, gold doesn’t.”
— Peter Schiff

Location: Zoom
Date: Wednesday 15th July
Role: CEO and Chief Global Strategist

The reasons to hold either gold or Bitcoin are similar, yet the two assets possess different tradeoffs and risks. Bitcoiners often refer to Bitcoin as digital gold or gold 2.0, as they consider it a store of wealth like gold. Whether you prefer one asset or are a proponent of both, these assets help protect individuals against the broken fiat monetary system, inflation and a debt-based economy.

While the assets have many similarities, for some, it isn’t gold and Bitcoin; instead, it is gold vs Bitcoin. Peter Schiff is a stockbroker, financial commentator, economist and gold bug who is hugely sceptical about Bitcoin. Schiff regularly derides Bitcoin on twitter and has done so since 2012 claiming that Bitcoin has no intrinsic value.

In this interview, I speak to Peter Schiff, and we discuss what he doesn’t like about Bitcoin, if he sees the alignment between Bitcoin and gold, the properties of sound money and if Bitcoin should be considered a store of value.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD242 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-vs-gold-with-peter-schiff

-----

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

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Make a tip:
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Jul 17, 2020
Bitcoin’s Peaceful Revolution with Knut Svanholm

“If you are a libertarian, and you are not into Bitcoin, you are wasting your time because, this is it, this is the shot, this is the best shot, I would say it’s the only shot that we have at this; a peaceful global revolution.”
— Knut Svanholm

Location: Zoom
Date: Thursday 2nd July
Role: Author

Libertarianism is something I have been wrestling with since I discovered Bitcoin. Hard money leads you down many rabbit holes, and questioning the role of the state is one of the deepest.

At face value, libertarianism sounds perfect; more freedom, less intervention and limited or no state. However, I have struggled to understand how this would play out and if the idea of an anarchist society being civil and moral is just an ideological fallacy rather than a practical reality.

Many libertarians see hyperbitcoinisation as the most likely manifestation of an anarchist society, in that it allows individuals to be self-sovereign, take control of their wealth and remove power from the government.

In this interview, I talk to Knut Svanholm, author of Bitcoin: Sovereignty Through Mathematics and Bitcoin: Independence Reimagined. We discuss libertarianism, collectivism v individualism and how Bitcoin is the only path to a libertarian society.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD241 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoins-peaceful-revolution-with-knut-svanholm

-----

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

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Jul 14, 2020
What Now for Bitcoin? With Nic Carter, Tuur Demeester, Robert Breedlove & Alex Leishman

Location: Zoom
Date:Tuesday 30th June
Company/project: Castle Island Ventures, Adamant Capital, Parallax Digital & River Financial
Role: Partner, Founding Partner, Founder & Founder

The global economy is in a precarious position. With the coronavirus enforced lockdowns closing down businesses around the world, central banks have been printing money at unprecedented levels to prevent economies from collapsing. While this has eased the pressure in Western nations, some smaller countries are starting to experience the impact. The currency in Lebanon has all but collapsed, and inflation in Zimbabwe has nearly reached 800%. Could high inflation be coming to the UK, Europe and the US?

While the implication of a global economic meltdown may not be known for years, it is precisely this sort of situation that many Bitcoiners have highlighted as the perfect environment for Bitcoin to thrive. So, what comes next for Bitcoin?

This interview is from a panel I recently hosted for Real Vision’s The Crypto Gathering event, with Nic Carter, Tuur Demeester, Robert Breedlove & Alex Leishman. We discuss the current state of the economy, Bitcoin as a peaceful protest and what comes next.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD240 Show Notes: https://www.whatbitcoindid.com/podcast/what-now-for-bitcoin

-----

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

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Jul 10, 2020
#Unity2020: Ending the Two-Party System with Bret Weinstein

“The obvious thing to do, if you want to win elections in the US, is make policy on behalf of the people… but they can’t do it, because the purpose of these parties is corruption.”
— Bret Weinstein

Location: Zoom
Date: Friday 3rd July
Company/Project: DarkHorse Podcast
Role: Host

In 2017, Bret Weinstein was thrust into the public limelight, when he objected to a change in the college's tradition of observing a "Day of Absence". Bret stating that "there is a huge difference between a group or coalition deciding to voluntarily absent themselves from a shared space in order to highlight their vital and under-appreciated roles, and a group or coalition encouraging another group to go away." It led to widespread protests and claims that Bret was "a racist" and the college was forced to close for two days.

Following the Evergreen College protests, Bret outlined the threat of behaviour like this spilling over into the outside world. His concerns were proven correct after the death of George Floyd.

In the days following Floyd's death, people took to the streets across the US and then across the world. What originated as a Black Lives Matter movement, quickly became infiltrated by far-left groups.

In this interview, I talk to Bret Weinstein, a biologist and evolutionary theorist, who was at the center of the Evergreen College controversy. We discuss the US protests, bipartisan politics, inequality, and where Bitcoin fits into this and #Unity2020.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD239 Show Notes: https://www.whatbitcoindid.com/podcast/unity2020-ending-the-two-party-system-with-bret-weinstein

-----

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

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Jul 07, 2020
WTF is Going on in the Markets? With Raoul Pal, Caitlin Long & Travis Kling

“This isn’t going to be Trump’s problem, this isn’t going to be J. Powell’s problem, this isn’t Biden’s problem, this isn’t Mnuchin’s problem. It’s not going to be any of their problems, it’s going to be our problem.”
— Travis Kling

Location: Zoom
Date: Monday 29th June
Company/Project: Real Vision, Wyoming Blockchain Coalition, Ikigai Asset Management
Role: Co-Founder & CEO, Co-Founder, Chief Investment Officer

In late 2019 and early 2020, the global economy was showing signs of stress. Even before coronavirus, we saw the Fed having to step in and provide liquidity for the repo market and issuing rate cuts. But the rapid spread of coronavirus around the world and the resulting lockdowns has further exposed cracks in the global economy.

Stock markets experienced high volatility as the economic impact of businesses closing hit with Wall Street suffered its worst day since ‘Black Monday’ and oil prices going negative for the first time in history. Governments responded with unprecedented levels of quantitative easing, and some countries are now seeing their currencies collapsing.

Many analysts have suggested that rather than coronavirus being the cause of this economic downturn, it was instead the black swan event that acted as the pin that popped the bubble and the enormous debts that have been amounting for decades was a disaster waiting to happen.

Over the past year, I have spoken to several economists including Raoul Pal, Caitlin Long and Travis Kling, all of whom warned that a financial collapse is coming.

So, what is happening at the moment, what can we expect to see next, and how can we all prepare?

This interview is from a panel I recently hosted for Real Vision’s The Crypto Gathering, with Raoul Pal, Caitlin Long & Travis Kling. We discuss the early warning signs of systemic issues in the global macroeconomy, what might happen next and where Bitcoin fits into this.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD238 Show Notes: https://www.whatbitcoindid.com/podcast/wtf-is-going-on-in-the-markets

-----

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

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Jul 03, 2020
The 1 Bitcoin Trump Bet with American HODL & Phil Geiger

“Pete, if me and you watch the election together and Trump wins, I’m going to feel this weird mix of feelings because I will have just taken 5 grand of you… but I’m also going to be pretty fucking worried because I think we’re going to immediately see riots.”
— American HODL

Location: Zoom
Date: Tuesday 23rd July
Company/Project: N/A & Unchained Capital
Role: N/A & Director of Product Marketing

Throughout 2019, President Trump's re-election campaign looked to be on steady ground, but 2020 has been a very different story.

Following the outbreak of COVID-19, countries across the world have gone into lockdown. However, Trump, Fox News and a large number of key Republicans initially played down the risk of the pandemic, and Trump has faced fierce criticism for his lack of decisive action. The US has been the most severely affected country, with around one quarter of all recorded infections and deaths.

During this same period, the killing of George Floyd sent shockwaves across America. Millions took to the streets to protest police brutality and to campaign for Black Lives Matter. Many of these protests quickly turned violent and, again, Trump was criticised for his lack of decisive action and leadership, epitomised when he retreated to his bunker rather than addressing the nation.

The pandemic and protests have opened up the election race, and while Trump has furiously Tweeted, Joe Biden has mostly retreated from public view. Support for Trump appears to be dropping, and most recently, Trump's rally in Tulsa was only attended by 6,200 people in attendance, in a building with a 19,000 capacity.

While 2020 has been mostly negative for Trump's re-election campaign, he does have fiercely loyal supporters, and while the polls indicate Biden has a clear lead, this will likely be another close election.

I tweeted that I would bet anyone $5,000 in Bitcoin that Trump would lose. American Hodl (@hodl_american) took me up on the bet. Phil Geiger, from Unchained Capital, agreed to arbiter the debt, holding the 3rd key in a multisig wallet we set up using Unchained Capital's Caravan product.

In this interview, Hodl, Phil and I discuss the bet, US politics, if the current economic and social situation is positive or negative for Trump, populism, voter suppression and the election race.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD237 Show Notes: https://www.whatbitcoindid.com/podcast/the-1-bitcoin-trump-bet-with-american-hodl-phil-geiger

-----

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

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Jun 30, 2020
Bitcoin UX & Marketing with Dan Held

“We each have independent narratives, in terms of how we talk about Bitcoin, but we’re each part of the same team and I think we all agree that our objective here is to convert as many people to Bitcoin as possible.”
— Dan Held

Location: Zoom
Date: Friday, 19th June
Company/Project: Kraken
Role: Director of Business Development

The very early believers in Bitcoin tended to fall into two camps, the Libertarians who were drawn to the censorship resistance & self-sovereignty of Bitcoin and the tech-savvy developers who saw a new experimental technology that was the first to truly offer a distributed & decentralised digital money.

As Bitcoin has gained in value, it too has grown to appeal to audiences that don’t necessarily fit into these two camps. Fewer tech-savvy people have come to Bitcoin for ‘number go up’ more than the censorship resistance and decentralisation.

For these people, coming into Bitcoin can be hostile and confusing. The community is understandably frosty to those not willing to learn about the importance of holding their own keys, protecting their privacy and being self-sovereign and the software can be confusing and unintuitive.

For newcomers running a node is difficult, holding your private keys daunting and interacting with the community scary. So, improving both the UX and marketing of Bitcoin is key to attracting less technical people to the space.

In this interview, I talk to Dan Held the Director of Business Development at Kraken. We discuss the importance of easy user experience, how Bitcoin can be a daunting experience, if newcomers should hold their private keys and why marketing matters.

This episode’s sponsors:

Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD236 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-ux-marketing-with-dan-held

-----

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

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Jun 26, 2020
The Myth of Deflation with Jeff Booth

“We have grown up in a different world, we’ve been programmed that deflation is a bad thing.”
— Jeff Booth

Location: Zoom
Date: Friday, 19th June
Role: Entrepreneur & Author

In an inflationary Keynesian economic system, governments target low inflation to ensure a healthy economy and steady growth; however, inflation functions as a hidden tax on savings. Inflation also leads to a drop in purchasing power which drives the incentive to spend and invest rather than save.

Deflation, the opposite to inflation, is when the price of a basket of goods and services drops. Unlike inflation, deflation means the purchasing power of your savings increase over time and therefore, incentivises saving as opposed to spending.

Many traditional economists see deflation as dangerous as people will reduce spend with an expectation of products becoming cheaper, but this leads to an economy based on growth at any cost. Jeff Booth, author of The Price of Tomorrow: Why deflation is the Key to an Abundant Future presents an alternative argument.

In this interview, I talk to Jeff Booth, and we discuss the current economic & social situation, how an inflationary system has caused inequality & division and how Bitcoin & deflation can fix this.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD235 Show Notes: https://www.whatbitcoindid.com/podcast/the-myth-of-deflation-with-jeff-booth

-----

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

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Jun 23, 2020
Is Apple Abusing its Monopoly Power? With David Heinemeier Hansson

“If Apple chooses in their soul and absolute power to squash us now, there is literally nothing we can do but take it.”
— David Heinemeier Hansson

SHOW DESCRIPTION

Location: Zoom
Date: Wednesday, 17th June
Project: Basecamp
Role: Founder & CTO

New concerns have been raised around Apple's business model after the company rejected future updates for Basecamp's newly launched email app Hey. Apple initially approved the app, but then put it on hold — meaning Basecamp couldn't submit any updates or bug fixes until it added an option for users to subscribe to Hey's service through an in-app purchase.

Basecamp has disputed this decision, saying it shouldn't be forced to allow users to sign up for Hey through in-app purchase, subjecting then to Apple's 30% tax on its subscription fee.

HEY's predicament has highlighted inconsistencies in Apple's policy execution, having allowed other apps with similar business models to exist in the App Store without mandatory in-app subscriptions. They have also made exemptions for streaming applications and rivals; Amazon and Netflix.

The case has raised questions about how Apple is operating and whether it's exercising an anti-competitive advantage over services from third-party developers.

HEY's fight comes as the company is already facing two EU antitrust investigations after Spotify and other firms filed similar complaints to those raised by Basecamp.

In this bonus episode, I talk to Basecamp Founder & CTO, David Hansson. We discuss Apple’s threats to remove their email app HEY from the App Store and Apple’s monopolistic business model.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD234 Show Notes: https://www.whatbitcoindid.com/podcast/is-apple-abusing-its-monopoly-power-with-david-heinemeier-hansson

-----

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

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Jun 21, 2020
Next Level Bitcoin Privacy with Alex Gladstein & Chris Belcher

“The evolution of Bitcoin privacy has gone from creating doubt, to hopefully, in the future, making it impossible to link coins to a person. That is the key.”
— Alex Gladstein

Location: Zoom
Date: Tuesday 16th June
Project: Human Rights Foundation & Bitcoin Developer
Role: Chief Strategy Officer & Independent Developer

Privacy is a fundamental human right, and with society migrating away from physical to digital cash, we are losing one of the remaining ways to transact privately.

Bitcoin is an entirely public ledger, in that every transaction is broadcast to everyone running the Bitcoin software. Anyone can view these transactions, but there are ways to obfuscate your spends and make it more difficult, or even close to impossible to follow the trail of transactions.

Currently, the most widely used method for adding privacy to bitcoin is to use CoinJoin services like Wasabi or Samourai. These wallets allow you to add your UTXOs to a transaction along with numerous other participants. Coinjoin can significantly increase anonymity, depending on the number of other participants.

Originally put forward by Greg Maxwell in 2013, Coinswap is a somewhat different method of anonymising your footprint on the Bitcoin network. Chris Belcher recently took the idea and put together a proposal and has received funding from the Human Rights Foundation to develop it.

In this interview, I talk to Bitcoin developer Chris Belcher and Alex Gladstein, the Chief Strategy Officer at the Human Rights Foundation. We discuss financial privacy as a human right, Bitcoin privacy, financing devs and Chris’ work on Coinswap.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD233 Show Notes: https://www.whatbitcoindid.com/podcast/next-level-bitcoin-privacy-with-alex-gladstein-chris-belcher

-----

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

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Jun 19, 2020
Bitcoin's Time is Now with Preston Pysh

“The thing that is creating this destruction, which is the decades-long of inflationary monetary policy, has actually sowed the seed of opportunity to counter it, and I think that counter is Bitcoin.”
— Preston Pysh

SHOW DESCRIPTION

Location: Zoom
Date: Friday 12th June
Project: The Investors Podcast
Role: Host

With the current global economic outlook and rise in social unrest, we are living in unprecedented times. The coronavirus pandemic, subsequent lockdowns and preventative measures put in place by governments around the world has led to many businesses closing or relying on bailouts, and jobless figures are amongst the highest since records began.

The killing of George Floyd at the hands of the police has seen protests against racial inequality have spread across the world. In the US, especially, these protests turned have turned into riots with looting, buildings burnt down and violent clashes.

During this time of uncertainty, the S&P500 and Dow Jones Industrial Average have both climbed ~40% since the drop in March, seemingly proving that the markets can behave irrationally. Some analysts are pointing to dangerous signals that we are heading towards the collapse of currencies.

Are all of these combined events the perfect storm for Bitcoin?

In this interview, I talk to Preston Pysh, author, engineer & the host of The Investor Podcast. We discuss the global macroeconomy, deflation vs inflation and why now Bitcoin is more important than ever.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD232 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoins-time-is-now-with-preston-pysh

-----

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

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Jun 16, 2020
Microsoft’s Bitcoin-Based Identity Tool with Daniel Buchner

“What we most care about is entering stuff in the most immutable, hardened record imaginable, and right now that’s Bitcoin.”
— Daniel Buchner

Location: Zoom
Date: Thursday 28th May
Project: Microsoft
Role: Head of Decentralised Identity

Social media is omnipresent with most all of us have a Twitter, Facebook or Google account, using them every day for both personal and business. We build connections, relationships and trust through them. However, these companies implement strict controls over the content on their platforms with shadowbanning and deplatforming growing.

The controls which they enforce on their platforms can have further-reaching consequences. As well as offering access via a standard email and password, most websites also provide the option to login via a Facebook, Twitter or Google account. If one of those services decides to deplatform you, then you could lose your account with any associated websites.

To solve this issue and improve on the nature of IDs, Microsoft has launched their Decentralised Identity program in which they offer users a decentralised personal identifier, which is under your control, using the most immutable and secure solution; Bitcoin.

In this interview, I talk to Daniel Buchner, Head of Decentralised Identity at Microsoft to discuss how a Bitcoin-based decentralised identity system works. We also talk about libertarianism, coronavirus and the protests over the death of George Floyd.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.

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WBD230 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-journalism-with-leigh-cuen

-----

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

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Make a tip:
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Jun 12, 2020
Bitcoin Journalism with Leigh Cuen

“When I say these things, the reactions I have had in the past that are most comparable, are when I was studying extremist groups.”
— Leigh Cuen

Location: Zoom
Date: Friday 5th June
Project: Coindesk
Role: Journalist

The role of a journalist is to question, educate and inform. A truly free press is a fundamental pillar of a free society, and unbiased and objective reporting is crucial in getting a broad understanding of any industry.

News corporations are now arguably more partisan and divided than ever before, highlighted by how Fox News and CNN have become partisan propaganda outlets. Fox News is pro-Trump and will defend him and his policies almost without exception; alternatively, CNN is pro-democrat and will question almost everything Trump and his administration do. Within Bitcoin, there can be a similar lack of objectivity and willingness to challenge the status quo critically.

The Bitcoin community are often referred to as its immune system, by being aggressive and vocal about anything that seemingly questions the direction or ethos of the network they protect it from coercion and negative outside influences. While this is mostly a useful stance in an industry that has more than its fair share of scammers and questionable projects, this can make the role of journalism within Bitcoin tricky to navigate.

Despite long and firmly held beliefs, Bitcoin evolves, as does the size of the user base and how they use Bitcoin. Journalists must challenge commonly held beliefs, even if these means hard criticism from Bitcoiners.

In this interview, I am joined by Leigh Cuen, a journalist and writer at Coindesk. We discuss the importance of journalism, Bitcoin as a peaceful revolution and the strict narratives that are held by Bitcoiners.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD230 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-journalism-with-leigh-cuen

-----

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

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

Make a tip:
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Jun 09, 2020
Bitcoin & Black America with Isaiah Jackson

“The plight of black people is not going to change, before, or after this unless we do something about it, economically.”
— Isaiah Jackson

Location: Zoom
Date: Wednesday 3rd June
Project: Bitcoin & Black America
Role: Author

On May 25th George Floyd was killed by Minneapolis police officer, Derek Chauvin. Police were called over allegations that George Floyd had used a counterfeit $20 bill. During the arrest, Chauvin restrained Floyd by placing his knee on his neck and pinning him to the ground, during this time Floyd was pleading with the officer repeatedly stating "I can't breathe".

After 8 minutes and 46 seconds and with paramedics on the scene, Chauvin finally took his knee off Floyd's neck, he was unresponsive and later pronounced dead.

Following Floyd's death, there have been widespread protests across America which have now spread to other countries. In several places in the US, these protests have been violent with looting, fires and large scale destruction.

While the black community is reeling at yet another death at the hands of a police officer, Isaiah Jackson, the author of Bitcoin & Black America suggests that building a black economy offers a way out of institutionalised racism.

In this interview, we discuss the killing of George Floyd and the subsequent protests and riots, racism in the US, and how the black community can use Bitcoin.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD229 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-black-america-with-isaiah-jackson

-----

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

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Jun 05, 2020
Spending Bitcoin with Ragnar Lifthrasir

“How does having an asset go up in value change the world? It doesn’t, it’s not going to replace central banks, if anything they will co opt it. What really changes things is the transactions.”
— Ragnar Lifthrasir

Location: Zoom
Date: Wednesday 27th May
Project: Guns N’ Bitcoin
Role: Chief Range Officer

Bitcoin's immune system has evolved from years of defeating threats, staving off bad actors and protecting the core principles of the network.

Many Bitcoiners consider Bitcoin as gold 2.0, threatening the corrupt practices of central banking. As such, small blocks, the fee market and hodling are essential components of defeating fiat. With such staunch views from within the community, even just opening up these topics for debate can see a backlash from Bitcoiners.

Why has spending Bitcoin become such a contentious issue for some? It was the Silk Road and Wikipedia, which proved the importance of censorship resistance, enabling people to circumvent oppressive government rules.

Developers working on Bitcoin are held to the highest levels of scrutiny, and rightly so, but why aren't the ideas around Bitcoin usage equally scrutinised?

In this interview, I talk to Ragnar Lifthrasir from Guns N’ Bitcoin. We discuss the Bitcoiner narratives, why spending Bitcoin is as important as hodling, libertarianism, guns and the 2nd amendment.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD228 Show Notes: https://www.whatbitcoindid.com/podcast/spending-bitcoin-with-ragnar-lifthrasir

-----

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

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Jun 02, 2020
Debunking Goldman Sachs Bitcoin Thesis with Bill Barhydt

“It’s their financial incentive, for their client base to not want to put 10% of their assets in Bitcoin.”
— Bill Barhydt

Location: Zoom
Date: Thursday 28th May
Project: Abra
Role: Founder & CEO

This week, Goldman Sachs held an investment advisory call for its clients during which it slammed Bitcoin as an investment and refused to accept it as an asset class.

Goldman's take on Bitcoin was in equal parts bearish and ignorant, with the investment bank listing five reasons for not classing Bitcoin as an asset or a suitable investment:

Bitcoin does not generate cash flow like bonds.

Bitcoin does not generate any earnings through exposure to global economic growth.

Bitcoin does not provide consistent diversification benefits given its unstable correlations.

Bitcoin does not dampen volatility given historical volatility of 76%. Goldman points to March 12 when bitcoin fell 37%.

Bitcoin does not show evidence of hedging against inflation.

Goldman raised numerous regularly debunked points as a negative, from scarcity to hard forks to illicit use cases, and compared Bitcoin to the Tulip mania of the 17th century.

Godman's investor call is not Bitcoin's first time Wall Street has challenged Bitcoin. In 2017 Jamie Dimon, the CEO of JP Morgan called Bitcoin a fraud and Warren Buffet has called all cryptocurrencies worthless. So why do some on Wall Street refuse to accept Bitcoin? Is it down to ignorance or does Bitcoin threaten their business model?

In this interview, I am joined by Bill Barhydt, the CEO and Founder of Abra. We discuss and debunk Goldman Sachs' arguments against Bitcoin as well as the reasons behind their lazy research.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Crypto Mining Tools - Bitcoin mining calculator, directory & comparison
Least Authority - Helping projects build secure technology

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WBD227 Show Notes: https://www.whatbitcoindid.com/podcast/debunking-goldman-sachs-bitcoin-thesis-with-bill-barhydt

-----

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

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Make a tip:
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May 29, 2020
Bitcoin Trading 101 with Flood

“Trading, if it’s going to be the majority of your income, really is, passively, one of the hardest full-time jobs you can choose.”
— Flood

Location: Zoom
Date: Friday 22nd May
Role: Independent Trader

Despite being the best performing asset over the past decade, Bitcoin is an incredibly volatile asset and risky to trade. Outperforming the market is hard, and very few people manage to beat the strategy of buying and holding.

Unlike traditional markets, bitcoin markets are open 24/7/365, and traded on both regulated and unregulated exchanges. High leverage options and low liquidity altcoins make it easy for a newcomer to wipe out their trading accounts quickly.

While few traders are profitable, a large number of the Bitcoin community find the temptation to increase their bitcoin stack hard to resist. I always recommend against trading, especially if you are new to Bitcoin, but this doesn't stop people. So, if you want to try trading, what are the basic things you need to understand?

In this episode, I talk to Flood, an independent Bitcoin trader. We discuss the key things a newcomer to trading needs to know from which exchanges to use, trading strategies, leverage, finding your edge and the common mistakes.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Crypto Mining Tools - Bitcoin mining calculator, directory & comparison
Least Authority - Helping projects build secure technology

-----

WBD226 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-trading-101-with-flood

-----

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

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

Make a tip:
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May 26, 2020
Bitcoin is the Answer with Cameron & Tyler Winklevoss

“Bitcoin is the answer, it’s the only hedge or vaccine to give you immunity to the disease of money printing.”
— Tyler Winklevoss

Location: Zoom
Date: Monday 18th May
Project: Gemini
Role: Co-Founders

The Social Network, directed by David Fincher, introduced Cameron and Tyler Winklevoss to the world. The film told the story of how Mark Zuckerberg stole their idea to create Facebook, and would later settle for $65 million.

After settling the court case and retiring from their careers in rowing, where the twins represented the USA in the 2008 Beijing Olympics, they started a fund and discovered Bitcoin. In 2014 they created Gemini, now one of the largest regulated cryptocurrency exchanges.

The film portrayed the twins as cliche sporting jocks, an image which has been hard to shake off. Cameron and Tyler are more at home building things and their success since Harvard is not luck.

My picture of the twins, like most, was created from the Social Network and their appearances on mainstream news discussing finance, but I wanted to know more about them. This interview is, therefore, the interview I have wanted to hear from them. We discuss The Social Network, Facebook and Mark Zuckerberg, how they discovered Bitcoin, regulations and the role of Wall Street.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD225 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-is-the-answer-with-cameron-tyler-winklevoss

-----

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

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

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May 22, 2020
Liquid Bitcoin with Adam Back & Samson Mow

Location: Zoom
Date: Friday 15th May
Project: Blockstream
Role:
CEO & Chief Strategy Officer

Bitcoin: decentralised, permissionless, censorship-resistant and unconfiscatable. Unique properties which make it a unique form of money

For Bitcoin to keep growing, these features mustn't be compromised. However, scaling solutions for Bitcoin, may trade off some of these features for other benefits.

With the vast majority of the community in agreement that block sizes must remain small to maximise decentralisation, Bitcoin is best scaled using layered solutions. The Liquid Network, like the Lightning Network, is a layer two solution that, by sacrificing some aspects of decentralisation and censorship resistance, can improve speed and scalability.

Liquid is a project spearheaded by Blockstream and is aimed at traders, exchanges and market makers to offer faster and more confidential transactions than the Bitcoin basechain. It also adds the ability to build tokens on the network.

In this interview, I talk to Adam Back and Samson Mow Blockstream's CEO & Chief Strategy Officer. We discuss The Liquid Network, the tradeoffs between Liquid and the basechain, how it differs from Lightning network and tokenised securities.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Crypto Mining Tools - Bitcoin mining calculator, directory & comparison
Least Authority - Helping projects build secure technology

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WBD224 Show Notes: https://www.whatbitcoindid.com/podcast/liquid-bitcoin-with-adam-back-samson-mow

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

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May 19, 2020
Bitcoin in One Lesson

Location: Zoom
Date: January to March 2020

Bitcoin can be intimidating for beginners. The protocol is complicated, the community can be unforgiving, silly mistakes can lose you money, and it is easy to succumb to altcoin marketing.

Bitcoin offers you the opportunity to hold a new type of monetary asset, one which can't be seized by the government and is censorship resistance, and it is changing the world.

Bitcoin is multifaceted. Some treat Bitcoin as a speculative tool for growing wealth, others as a way of avoiding financial censorship from traditional payment channels, and some use it as a way of claiming their monetary sovereignty and removing power from the banks and state.

On 31st October 2008, Bitcoin was introduced to the world by its pseudonymous creator, Satoshi Nakamoto. Bitcoin brought with it an alternative to the banking system, a way of truly controlling your finances and the opportunity to 'be your own bank'.

Being your own bank is incredibly powerful but is often a confusing and misused term. There are currently 1.7 billion people across the world who do not have access to proper banking services. Bitcoin can fix this by allowing users to hold, send and receive value.

Governments have a history of putting pressure on payment systems and censoring transactions. In 2010 Visa, Mastercard and PayPal all stopped allowing payments to WikiLeaks. Bitcoin fixed this.

Bitcoin's power is in its decentralised, censorship-resistant, neutral, permissionless network that allows you to transact globally without any intermediary or third party and with whoever you want for whatever reason you want. Bitcoin doesn't care.

We will soon be living in a cashless society, government-issued 'fiat' currency will become entirely digital, and we will wave goodbye to any remaining shreds of financial privacy that still exist. Some governments will look to create a cryptocurrency alternative; providing the perfect tool for increased financial surveillance and oppression and represents the antithesis of Bitcoin.

We may have to choose whether we use Bitcoin or a state-run digital currency. So, why should we choose Bitcoin?

In this episode, I have compiled various clips from my 17-part Beginner’s Guide to Bitcoin with some of the leading experts in the space. As an introduction to Bitcoin, this guide covers essential Bitcoin topics from how it works to its monetary policy.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD223 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-in-one-lesson

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

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May 15, 2020
Is Bitcoin Trading a Dirty Business? With Willy Woo

Location: Zoom
Date: Sunday 10th May
Project: Hypersheet
Role: Co-Founder

On May 11th, at block 630000 Bitcoin had its 3rd halving, cutting the block reward issued to the miners from 12.5BTC to 6.25BTC. This reduction in the subsidy is seen by many as a bullish event for Bitcoin. With the block reward cut in half, the amount of Bitcoin available for the miners to sell in the market drops from 1800 BTC/day to 900 BTC/day, reducing the sell pressure from newly minted coins.

Bitcoin’s recent drop in price has been attributed, by some, to miners selling off some of their Bitcoin, to support lower revenues with the blog subsidy halving.

While miners have typically been the largest sellers in the Bitcoin market, now that the subsidy has again cut in half, Willy Woo has claimed the majority of the sell pressure will not come from the exchanges.

Woo puts this down to the rise in popularity of the derivatives and futures markets on exchanges such as BitMex and Deribit. These exchanges take fees of up to 0.075% per trade and offer high leverage options of up to 100x. As the popularity of these exchanges has grown, so have the fees.

With the selling pressure from miners dropping and the sell pressure from the exchanges growing, is trading detrimental to the growth of Bitcoin?

In this interview, I am joined by Willy Woo, an on-chain analyst and the co-founder of Hypersheet. We discuss Bitcoin trading, the rise of the unregulated, high leverage futures platforms and if trading is damaging to the growth of Bitcoin.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD222 Show Notes: https://www.whatbitcoindid.com/podcast/is-bitcoin-trading-a-dirty-business-with-willy-woo

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

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May 12, 2020
Libertarianism & Politics with Adam Brown & Sean Finch

Location: Zoom
Date: Tuesday 5th May
Project: The Libertarian Party
Role: Party Leader & Coordinator

Long before Bitcoin dropped on the world, libertarians have criticised government-issued fiat money, arguing that it goes against their core beliefs of political freedom and autonomy, viewing gold as a superior currency. Many libertarians were early to Bitcoin, understanding its sound monetary policy.

I have spoken with many US-based libertarians, but like any political movement or philosophy, there is no one size fits all approach, and the libertarians range in their beliefs from full anarcho-capitalists to minarchists. So, I wanted to get a different perspective from libertarians in the UK, engaged in the political process to ultimately reduce then bring an end to the state.

In this interview, I talk to Adam Brown & Sean Finch, the party leader and coordinator for the UK Libertarian Party. We discuss the current political landscape, the push for less government, healthcare and freedom of speech.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD221 Show Notes: https://www.whatbitcoindid.com/podcast/libertarianism-politics-with-adam-brown-sean-finch

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

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May 08, 2020
Bitcoin is Reshaping the World with Robert Breedlove

Location: Zoom
Date: Monday 4th May
Project: Parallax Digital
Role: Founder & CEO

The properties for measuring the soundness of money include divisibility, durability, portability, recognisability and scarcity. Current government-issued and controlled fiat money fit some of these characteristics but, with the central bank’s ability to print money at will, the current system completely fails as a scarce resource.

Historically metals have been the best form of money, with gold outcompeting all other metals to become the number one metal used as a currency and store of value. It is durable, recognisable and scarce; however, government-issued fiat became a better form of cash as it is more portable and divisible. Since 1971, when the US came off the gold standard, and the government has been able to issue more fiat, the purchasing power of the dollar has fallen. As such, gold has proven to be a better store of wealth than fiat.

Many see Bitcoin as digital gold with the added benefits of being highly divisible and able to be sent anywhere in the world quickly and at low cost. Bitcoin also offers censorship resistance, immutability and the ability to store wealth out of the reach of the government.

Bitcoin is a new paradigm in money.

In this interview, I talk to Robert Breedlove the Founder and CEO of Parallax Digital. Robert recently wrote An Open Letter to Ray Dalio explaining how Bitcoin will reshape the world. We discuss Bitcoin’s ability to outcompete the current financial system.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD220 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-is-reshaping-the-world-with-robert-breedlove

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

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May 05, 2020
Could Bitcoin Really be Heading to $288k? With Plan₿

Location: Zoom
Date: Wednesday 29th April
Project: Independent Trader
Role: Bitcoin Quant Analyst

Plan₿'s Stock-to-Flow model was warmly received by many in Bitcoin. The chart gave context to price action around halvings, validating the importance of scarcity. The S2F model does have critics, and with the third halving approaching, some had questioned whether the reducing subsidy drive price.

The halving is one of the most significant events in the Bitcoin calendar. Every 210,000 blocks (~4 years) the block subsidy issued to the miners reduced by half. Initially, the block reward was 50BTC, now 11 years later on approximately May 12th, we will have the 3rd halving taking the block reward from 12.5BTC to 6.25BTC. By the end of this reward period on May 12th, 87.5% of all Bitcoin will have been mined.

Satoshi implemented the halving as a way of controlling inflation, front-loading the rewards to kick start the protocol. Dan Held stated that halvings are a viral marketing loop which creates awareness.

Historically, the Bitcoin price in the weeks and months following the halving has seen significant moves to the upside, with supply cut in half Bitcoin becomes more scarce and demand may increase.

The Stock-to-Flow model tracks the scarcity of an asset and following the halving the stock to flow ratio of Bitcoin will rise from 25 to 50, meaning it would take 50 years for miners to mine enough Bitcoin to match the current Bitcoin supply, at the current level of issuance. When applied to non-digital assets such as gold and silver, stock-to-flow becomes a benchmarking tool.

Plan B identified a flaw in the model, the overreliance on time. In the latest version of his model, Bitcoin Stock-to-Flow Cross Asset Model (S2FX), time is removed, and other assets such as gold and silver are added. The new model includes a significant change, Phase Transitions, which identifies that the properties of an asset can change. These changes in the properties of Bitcoin, for example maturing from digital cash to digital gold, identify why the market for the asset grows; thus, there is increasing demand.

In this interview, I talk to Bitcoin Quant Analyst & creator of the popular stock to flow model, Plan₿. We discuss his new S2FX model, the upcoming Bitcoin halving, predicted price action and the impact on miners.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD219 Show Notes: https://www.whatbitcoindid.com/podcast/could-bitcoin-really-be-heading-to-288k-with-plan

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

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Make a tip:
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May 01, 2020
Bitcoin Purity with Rodolfo Novak

Location: Zoom
Date: Wednesday 22nd April
Project: Coinkite
Role: CEO & Co-Founder

Bitcoin attracts a broad range of enthusiasts with different backgrounds, experience and political beliefs. The spectrum is broad, from those who treat it purely as a speculative asset, happy to buy and hold, to those who head deep down the anti-state and hard money rabbit hole.

Those who are attracted to Bitcoin's hard money properties may often align with Libertarian ideas, free markets and the separation of money and state. These Bitcoiners will often push hard important topics such as holding your own private keys, validating transactions with a node, enhancing privacy with CoinJoin and generally hating on any altcoin or token project. The most hardcore of Bitcoiners may even avoid exchanges due to KYC/AML legislation and find other ways to accumulate Bitcoin.

Almost all Bitcoiners will fit somewhere between these two extremes, and the beauty of Bitcoin is that it doesn't care about your personal beliefs. As Bitcoin continues to grow, it will attract people who may not align with some of the more anarcho-capitalist opinions but still wish to use Bitcoin.

So, is it the job of more radical Bitcoiners to push everyone towards holding their keys, running a node and improving their privacy and OPSEC? While these are good practices, what about those who do not align with libertarianism or Austrian Economics, should Bitcoin welcome all or be toxic to those who don't follow certain ideologies.

In this interview, I talk to Rodolfo Novak, the CEO & Co-Founder of Coinkite and Bitcoin OG. We get into Bitcoin purity and discuss self custody & personal responsibility, hardware wallets and Bitcoin narratives.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD218 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-purity-with-rodolfo-novak

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

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

Make a tip:
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Apr 28, 2020
Bitcoin World #8: Bitcoin in Zimbabwe with Anita Posch

Location: Zoom
Date: Monday 3th March
Project: Bitcoin & Co Podcast
Role: Host

Earlier this year, I travelled to Venezuela to find out the reality of Bitcoin adoption in the country and what I found didn’t exactly fit the widely accepted narrative. The truth is that while Bitcoin may have some use cases for the middle and upper classes, the poorest in Venezuela are surviving on a few dollars a month, and Bitcoin is not a useful currency for them.

Zimbabwe, like Venezuela, is often touted as a perfect use case for Bitcoin. Both countries have experienced hyperinflation, both have significant wealth disparity, and both have a high percentage of the population unbanked. So, is Bitcoin more widely adopted in Zimbabwe, and how can Zimbabweans take advantage of it?

In this interview, I talk to Anita Posch, Bitcoin podcaster, speaker and author. We discuss Anita’s recent trip to Zimbabwe, free speech & freedom of expression, scams & MLM, hyperinflation and if and how Zimbabweans are using Bitcoin.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD217 Show Notes: https://www.whatbitcoindid.com/podcast/batw-bitcoin-in-zimbabwe-with-anita-posch

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

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

Make a tip:
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Apr 26, 2020
The Role of Stablecoins with Jeremy Allaire

Location: Zoom
Date: Friday, 10th April
Project: Circle
Role: CEO & Founder

By complementing Bitcoin trading, and making it easy to send digital dollars around the world, stablecoins continue to grow in popularity.

Commercial banks operate on a fractional basis, holding only a small % of deposits. During challenging economic times, this can lead to what is known as a run on the bank, where depositors attempt to withdraw their funds.

Unlike fractionally reserved banks, some stablecoins claim to be fully backed, meaning (for example) that for every 1 USDC, GUSD or USDT, the company claims they hold an equivalent $1. Stablecoins come with their risks and trade-offs, from the risk of being hacked to platform dependency.

In a time of economic uncertainty, do stablecoins offer a better saving solution than our banks? And what are the pros and cons of self custody vs the high-interest rate savings accounts?

In this interview, I talk to Jeremy Allaire, the CEO & Founder of Circle, the company behind the USDC stablecoin. We discuss the use case for stablecoins, the benefit of being fully backed rather and the impact on the economy from coronavirus.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD216 Show Notes: https://www.whatbitcoindid.com/podcast/the-role-of-stablecoins-with-jeremy-allaire-----

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

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

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Apr 24, 2020
Bitcoin Tech Update with Andrew Poelstra

Location: Zoom
Date: Friday, 10th April
Project: Blockstream
Role: Director of Research

Bitcoin is very conservative. Unlike the typical tech industry ethos of move fast and break things, it is paramount that Bitcoin upgrades and changes to the protocol are absolutely necessary, slow, well planned and well tested.

Two protocol changes that have been discussed for a while now are Schnorr signatures and Taproot. These proposals have lots of positive implications, including an improvement to privacy and scalability, but what will it mean for an average Bitcoin user? What is next on the roadmap?

In this interview, I talk to Andrew Poelstra, the Director of Research at Blockstream. We discuss the upcoming upgrades to the Bitcoin protocol, including Schnorr signatures, Taproot and Miniscript and what that means to Bitcoin users.

This episode’s sponsors:
Kraken - The best place to buy, sell & trade Bitcoin
BlockFi - The future of Bitcoin financial services
Cointracker - Bitcoin taxes and portfolio manager
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

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WBD215 Show Notes: https://www.whatbitcoindid.com/podcast/bitcoin-tech-update-with-andrew-poelstra

-----

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

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

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Apr 21, 2020
Bitcoin Finance in a Black Swan Event with Zac Prince & Flori Marquez

Location: Zoom
Date: Wednesday, 8th April
Project: BlockFi
Role: Co-Founders

On March 12th Bitcoin fell by over 50% from ~$8,000 to ~$3,800. One day earlier, the World Health Organisation had escalated the evolving COVID-19 situation to pandemic status, and Bitcoin wasn't alone in this, markets around the world crashed.

The Coronavirus black swan even