What Bitcoin Did

By Peter McCormack

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Subscribers: 840
Reviews: 9

amazing poscast
 Jun 26, 2021
One of the best in the btc space.

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

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
Gradually then Suddenly Pt 3 - Bitcoin is Common Sense with Parker Lewis
01:32:48

“Everyone is afforded equal rights under the law of bitcoin, nobody gets to print money...when the Fed prints 3 trillion dollars they hit a button on a computer screen and suddenly 3 trillion dollars appear, did that create any economic value?”

— Parker Lewis

SHOW DESCRIPTION

Location: Remotely
Date: Tuesday 3rd August
Company: Unchained Capital
Role: Head of Business Development

For people new to bitcoin, it can be confusing at first. From public key cryptography to mining, block sizes to nodes, there are many new ideas to understand. However, bitcoin has a sound monetary policy at its core, and understanding this is the most important step in understanding it.

Over the last 18 months, central banks worldwide have issued currency at alarming rates in an attempt to bolster economies and stimulate growth. In reality, this practice is also boosting asset prices while debasing the currency.

Bitcoin offers a sound alternative and as Parker Lewis says, "Bananas grow on trees. Money does not, and bitcoin is the force that reawakens everyone to the reality that was always the case". It's for this reason that bitcoin is common sense.

In this interview, we discuss the printing of money and currency debasement by central banks, why bitcoin is anti-fragile and what makes it a common-sense alternative.

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


-----

WBD381 - 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.

Aug 04, 2021
Bitcoin & The Decentralised Future with Michael Casey
01:37:52

“We’re going down the path of black and white, good and evil because we have a centralised approach to it that is fundamentally out of touch with what we really should be thinking about. ”
— Michael Casey

Location: Remotely
Date: Friday 23rd July
Project: Coindesk
Role: Chief Content Officer

Historically, the control of information was held mainly by powerful entities like the church, governments, or corporations. While the dawn of the internet age has made the ability to broadcast worldwide cheap and accessible, algorithmic curation is influencing our discourse.

Now, the left v right paradigm is more divisive than ever, leaving many disenfranchised with politics. A new battle is emerging between incumbent-centralisation and disruptive-decentralisation that is spreading not just through information and governance but with Bitcoin, money itself.

In this interview, I talk to Coindesk’s Chief Content Officer, Michael Casey. We discuss the power of controlling information, the divisiveness of left v right politics and how in the future governance may decentralise.

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


-----

WBD380 - 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.

Aug 02, 2021
The Big Short Squeeze with Willy Woo
01:10:12

“We’ve had massive amounts of little guys buying, they bought the covid dip, they bought this 2-month bottom, they’re like little geniuses; the hodlers are outdoing the so-called whale-trader conspiracy...the little guys are really nailing it.”
— Willy Woo

Location: Remotely
Date: Thursday 29th July
Project: Hypersheet
Role: Co-Founder

Since mid-May, Bitcoin has ranged between $30k-$40k, following a build-up of negative news, from bans in China to concerns about energy use. While on-chain analysis showed strong signs of accumulation during this time and pointed to the bull run not being over, the price kept grinding lower.

By July 20th, the price again dropped below $30k and held below this crucial level for the longest period since the dip began. With sentiment heavily bearish and many calling for a further dip to ~$20k, what started as a small rally turned into a $10,000+ move after shorters were forced to close their positions. The price on one futures exchange hit as high as $48k on the back of the liquidations.  

Bitcoin has been sat at $40k, another crucial level, for several days now, and with on-chain metrics showing a massive influx of new entrants and FUD wearing thin, market sentiment seems to be flipping positive.

So has the bull run recommenced? And is this cycle different?

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss accumulation by small holders, the recent bullish move and why this might be the last cycle.

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
Revolut - A better way to handle your money


-----

WBD379 - 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.

Jul 30, 2021
Nassim Taleb’s Bitcoin Black Paper with Lyn Alden
01:38:33

“We’re seeing bitcoin monetize in real-time, what gold went through over thousands of years Bitcoin’s going through in so far 12 years, so it went from zero to a $trillion market cap...it’s trying to find its total addressable market.”
— Lyn Alden

Location: Remotely
Date: Tuesday 27th July
Project: lynalden.com
Role: Macroeconomist

Nassim Taleb is a well-regarded author and statistician and one-time bitcoin bull who has since turned critic, claiming that it "can be neither a long or short term store of value" and that "its expected value is no higher than 0."

Taleb recently wrote a black paper criticising bitcoin's ability to function as a store of value, questioning its ability to protect against oppressive governments and claiming bitcoins distribution is unfair. 

Several key points in the paper were without merit, and it led to bitcoiners questioning whether the article is Taleb being intellectually dishonest or ignorant.

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We break down Nassim Taleb's "Bitcoin Black Paper" and discuss his misconceptions and whether it offers any valid criticisms.

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
Revolut - A better way to handle your money


-----

WBD378 - 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.

Jul 28, 2021
F**k You Passports with Katie The Russian
01:01:21

“As the world becomes borderless for us remote workers and people with borderless money...we don’t see the borders anymore; and because of that the borders will start to fall.”
— Katie The Russian

Location: Remotely
Date: Monday 19th July
Project: Plan B Passport
Role: Founder

Bitcoin and libertarianism go hand in hand. As such, avoiding tax and limiting reliance on the government is a significant goal for many bitcoiners. Plan B Passport, a company set up with bitcoiners in mind, aims to make that happen, and through their work, they want to accelerate the 'Sovereign Individual' thesis.

By enabling people to obtain a second passport and removing their dependency on any single state, it empowers the individual while taking power away from governments. People can now vote with their money and their feet.

So how easy is it to obtain a second passport, and what are the pros and cons?

In this interview, I talk to Plan B Passport Founder, Katie the Russian. We discuss flag theory, the state as a service provider, why some nation-states will fail to compete in a free market and how Bitcoin enables all of this.

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
Revolut - A better way to handle your money


-----

WBD377 - 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.

Jul 26, 2021
Bitcoin Tech #6 - The Threat of Internet Centralisation with Shinobi & Dhruv Mehta
01:10:27

“The price of freedom is eternal vigilance…’how prevalent is an attack’ is not really an important question, ‘how possible is an attack’ is the important question. When the value is 10x of today or 20x of today what people are willing to spend to attack it also goes up.”
— Dhruv Mehta

Location: Remotely
Date: Wednesday 21st July
Project: Block Digest & Bitcoin Core
Role: Host & Developer

A core fundamental feature of Bitcoin is decentralisation. Being a distributed and decentralised network, Bitcoin allows anyone to transfer money to anyone else without relying on a third party or intermediary to authorise or facilitate the transaction.

For years bitcoiners have fought to keep Bitcoin as decentralised as possible. A segment of the Bitcoin community wanted to increase the block size to allow for more transactions in each block. However, the tradeoff of this proposed change would increase the size of blocks and thus the size of the blockchain, making it harder to run a node on standard hardware.

While the debates around decentralisation are generally around the protocol rules, Bitcoin also relies on the Internet, something outside of bitcoiners’ control. Some aspects of the Internet are highly centralised and could potentially be used to attack Bitcoin.

So, how significant is this threat? And, what can be done to stop it?

In this interview, I talk to Shinobi, the host of Block Digest, and Bitcoin Core Developer Dhruv. We discuss the importance of decentralisation, the protocols that power the internet and how a centralised internet threatens 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
Revolut - A better way to handle your money


-----

WBD376 - 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.

Jul 23, 2021
Lightning Series: Privacy and Security with Christian Decker & Carla Kirk-Cohen
01:17:56

“Lightning is built on top of the main chain, so you are bringing your on-chain privacy with you, although there’s a transactional increase in privacy...if you send a UTXO from Coinbase to fund your channel, Coinbase knows you sent that to fund your channel.”
— Carla Kirk-Cohen

Location: Remotely
Date: Monday 19th July
Company: Blockstream, Lightning Labs
Role: Researcher, Infrastructure Engineer

The Bitcoin blockchain is an open public ledger, thus building privacy solutions on-chain is challenging. However, the Lightning network’s design is a massive improvement in privacy as the tradeoffs are different.

Lightning removes transactional friction with significant security and privacy assurances today. But what are the potential attack vectors, and how might they be mitigated?

In this interview, I talk to researcher Christian Decker and infrastructure engineer Carla Kirk-Cohen. We discuss the current state of privacy on Lightning, potential vulnerabilities and most likely solutions.

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
Revolut - A better way to handle your money


-----

WBD375 - 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.

Jul 21, 2021
Debt Cycles & the Rise of Bitcoin with Greg Foss & Dylan LeClair
01:27:26

“The reality is that Bitcoin will outcompete every other money going forward...at this point during the monetization process is going to increase 10, 100, 500-fold maybe.”
— Dylan LeClair

Location: Remotely
Date: Thursday 15th July
Company: Validus Power Corp, Bitcoin Magazine
Role: Bitcoin Strategist, Director of Financial Markets & Research

In Ray Dalio’s video How the Economic Machine Works, he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventually, something has to give.

The final tool that central bankers have to avoid creative destruction is inflation, and it is now a mathematical certainty that a devaluation of fiat currencies is coming. Is the rise of Bitcoin the only logical conclusion to the fiat money system?

In this interview, I talk to Bitcoin Strategist Greg Foss and Dylan LeClair from Bitcoin Magazine. We discuss crony capitalism and perpetual bailouts, why debt cycles spell inflation, and how the world will turn to 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
Revolut - A better way to handle your money


-----

WBD374 - 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.

Jul 19, 2021
Lightning Series: Why Bitcoin is Global Money with Jack Mallers
01:09:39

“Never before have we had a monetary network that all you need is an internet connection and by plugging in and operating on the same standard you’re natively interoperable with everyone else in the world on it.”
— Jack Mallers

Location: Remotely
Date: Thursday 15th July
Project: Strike
Role: Role: CEO

With Strike, Jack Mallers is taking on the traditional financial rails and neobanks by facilitating the sending of money anywhere in the world, near-instantly and for free. Strike does this by utilising the largest and best open monetary network of all time, bitcoin. 

After running a successful pilot campaign in El Salvador, a country that relies heavily on remittances, Jack was instrumental in its groundbreaking bill that made it the first country to adopt bitcoin as legal tender.

In a country where a vast proportion of the population operating outside of the banking system, Strike helps build financial inclusion, and they now have their sights set on the rest of the world.

In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the Lightning Network as a medium of exchange, the power of open networks, and how the Bitcoin rails change remittance.

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
Revolut - A better way to handle your money


-----

WBD373 - 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.

Jul 16, 2021
Lightning Series: Running a Node with Openoms & Rootzoll
01:07:36

“If you’re not in control of your keys it’s not your bitcoin...and it’s a little the same with your node; not your node, not your rules…”
— Rootzoll

Location: Remotely
Date: Wednesday 7th July
Project: RaspiBlitz
Role: Role: Developers

Bitcoin operates thanks to a decentralised network of nodes whose job it is to 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.

Setting up a Bitcoin & Lightning node can be a daunting task for those that aren't technical, but there are now a number of simple 'plug and play' style nodes like Umbrel, MyNode and Raspiblitz.

In this second episode of our Lightning series, I talk to RaspiBlitz developers Openoms and Rootzoll. We discuss the importance of running a node, tradeoffs between custodial and non-custodial wallets and the different node solutions available.

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
Revolut - A better way to handle your money


-----

WBD372 - 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.

Jul 14, 2021
Lightning Series: Mastering Lightning with Andreas M. Antonopoulos & René Pickhardt
01:19:45

“All the stuff that I’m working on is built on the shoulders of giants…I didn’t invent the Lightning Network, when I saw this technology I thought it was just beautiful.”
— René Pickhardt

Location: Remotely
Date: Thursday 5th July
Project: aantonop.com & Freelance
Role: Role: Speaker, Author and Educator & Data Scientist

The Lightning Network helps Bitcoin scale. As a layer two solution, Lightning takes transactions off the base chain and allows for near-instant transitions for a small fee.

While Lightning Network is growing fast, there is still a learning curve to understand and use the technology. This series will go through everything from how the Lightning Network works, the improved privacy, and why Lightning is vital to Bitcoin’s success.

In this interview, I talk to Bitcoin Speaker, Author & Educator Andreas M. Antonopoulos and Lightning Network developer René Pickhardt. We discuss how the Lightning Network works and why scaling off-chain is so essential.

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
Revolut - A better way to handle your money


-----

WBD371 - 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.

Jul 12, 2021
Gradually then Suddenly Pt 2 - Bitcoin First Principles with Parker Lewis
01:42:22

“The underpinnings of the dollar are identical to the underpinnings of the Bolivar, it costs zero to produce 3 trillion bolivars, and it costs zero to produce 3 trillion dollars...goods are becoming more expensive because the underlying monetary unit is being debased.”
— Parker Lewis

Location: Remotely
Date: Tuesday 6th June
Company: Unchained Capital
Role: Head of Business Development

When people attempt to understand bitcoin, it is easy to get caught up in some of the myths we addressed in Gradually then Suddenly Pt 1 - Killing the FUD. In this Part 2 episode, we go deeper into the principles of monetary economics.

Money solves the intersubjective problem of trade and facilitates specialisation in society. Therefore, how we solve these problems can help objectively evaluate the properties of money.

The most important property of money is scarcity, and bitcoin, with its fixed supply and monetary properties, reigns king. But from where do these properties derive? And what about other blockchains? How can bitcoin obsolete all other money?

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the principles of money, monetary convergence, and why Bitcoin obsoletes all other money.

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


-----

WBD370 - 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.

Jul 09, 2021
Why Altcoins are Technically Flawed with Nadav Kohen
01:26:44

“You don’t want to use the blockchain unless there’s actually some kind of dispute; all cooperative transactions in the world can exist off of the blockchain and there’s no reason to actually use a blockchain for them”
— Nadav Kohen

Location: Remotely
Date: Friday 25th June
Company: Suredbits
Role: Software Engineer

Bitcoin's proof-of-work blockchain solves a specific problem: achieving consensus of a distributed ledger without a central authority. Out of this decentralised network, new properties emerge like censorship resistance and probabilistic finality.

Bitcoin's success led to an explosion of altcoins, with most claiming to improve upon Bitcoin somehow, whether it's speed, privacy or scalability. However, blockchains are a delicate balance of specific tradeoffs, and these altcoins pale in comparison to Bitcoin's decentralisation and censorship resistance. 

While changing a parameter might seem to add functionality, it can also introduce unintended consequences. To resist influence and attacks, Bitcoin must remain decentralised by allowing for easy validation.

Can we achieve sufficient privacy and functionality on the second layer? And why are other consensus methods, like proof-of-stake, flawed?

In this interview, I talk to Suredbits software engineer Nadav Kohen. We discuss why blockchains must scale with second layers, proof-of-stake vs proof of work, and tradeoffs of privacy technology.

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
Revolut - A better way to handle your money


-----

WBD369 - Show Notes

-----

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

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Jul 07, 2021
Bringing Bitcoin to Tonga with Lord Fusitu’a
01:15:06

“The economy will first benefit by every customer having a disposable income increase by 30% and... simultaneously with that extra 30%, there are some who are going to be saving it rather than putting it into the economy and stacking sats.”
— Lord Fusitu’a

Location: Zoom
Date: Saturday 27th June
Project: Tonga
Role: Tongan Politician & Noble of the Realm.

Following El Salvador's groundbreaking decision to make bitcoin legal tender, politicians from all over Central & South America, Africa and the Pacific Islands began putting laser eyes in their Twitter bios and publicly endorsing bitcoin. One of these politicians was Lord Fusituʻa, a Tongan politician.

Tonga is a small country in the South Pacific. Their economy relies heavily on remittances, most notably from Australia, New Zealand and the United States. With close to 41% of their GDP coming from remittance and fees, sometimes as high as 50%, the Polynesian country would benefit greatly from removing these middle-man fees.

After seeing Strike's success in El Salvador and their government's steps to legalise bitcoin, Lord Fusituʻa wants to bring bitcoin to Tonga.

In this episode, I talk to Tongan Politician and Noble of the Realm, Lord Fusituʻa. We discuss the history of Tonga, why the country relies so heavily on remittance payments and the steps he is taking to bring Bitcoin to the Tongan people.

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
Revolut - A better way to handle your money


-----

WBD368 - 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.

Jul 05, 2021
Bitcoin Rehab: Straight Toxic with CJ Wilson & American HODL
01:05:38

“Hero worship leads to disappointment, broken hearts, and posters being torn off the wall...everybody is subjected to the same rules on the internet.”
— CJ Wilson

Location: Remotely
Date: Friday 25th June
Project: CJ Wilson Racing, WBD Employee of the Month
Role: Owner and founder, N/A

CJ Wilson has led an exciting life. He was a two-time All-star during his decade-long major league baseball career, and he went on to found a professional sports car racing team.

Given his understanding of sound money, bitcoin was something he had to pursue to protect his wealth. CJ is a bitcoin maximalist, a term initially coined as a pejorative and now worn as a badge of honour.

The culture of toxicity is under constant criticism, with opponents suggesting it pushes people away from Bitcoin, while bitcoiner’s maintain it’s an essential defence against scams and misinformation. Critics claim that maximalism itself is in opposition to liberty, but taking a hard stance is a cornerstone of sovereignty.

Is maximalism anti-freedom? Or is it simply the free market’s rallying cry of a monetary revolution?

In this interview, I talk to American HODL & MLB all-star and sports car racer CJ Wilson. We discuss CJs sports career, racing fast cars and the role of toxic bitcoin maximalism.

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
Revolut - A better way to handle your money


-----

WBD367 - 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.

Jul 02, 2021
How Bitcoin Derivatives Work with Juthica Chou
01:05:38

“You need to be able to withstand the fluctuations because one of the biggest dangers of leverage is you get closed out at precisely the wrong time...if you’re short and bitcoin rips up you get closed out.”
— Juthica Chou

Location: Remotely
Date: Tuesday 22nd June
Project: Kraken
Role: Head of OTC Options Trading

Derivatives are contracts that allow traders to take a position with an asset based on possible outcomes; while they can provide dramatic rewards, they come with risk.

Derivative exchanges have been a growing part of the maturing bitcoin ecosystem. However, with the rise of exchanges like FTX and Binance, offering high leverage, there is an increasing lens on these exchanges. 

Derivative contracts are a valuable tool for experienced traders. With exchanges offering leverage of up to 125x, inexperienced traders can quickly amass significant losses.

Whenever bitcoin has a sharp move in either direction, those on the wrong side of the trade often get liquidated. These capitulation events regularly wipe out hundreds of millions or even billions of dollars in positions. 

Some people suggest that high amounts of leverage are detrimental to the price discovery of bitcoin, but it's clear from the rise of certain exchanges that these are the types of markets traders want. 

In this interview, I talk to Juthica Chou,  Head of OTC Options Trading at Kraken. We discuss how bitcoin derivatives work, the different types of contracts, and Microstrategy's leverage plays.

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
Revolut - A better way to handle your money


-----

WBD366 - 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.

Jun 30, 2021
Is Bitcoin in a Bear Market? with Willy Woo
01:12:08

“Bitcoin’s now fighting the final boss in the video game, it’s really up against the central bankers, and much earlier than we ever thought...because El Salvador decreed this as legal tender the World Bank by their own charter have to accept bitcoin as payment of debt.”
— Willy Woo

Location: Remotely
Date: Thursday 24th June
Project: Hypersheet
Role: Co-Founder

Over the last few weeks, a significant amount of bad news and FUD has circulated bitcoin. Elon Musk publicly questioned the energy mix used by the bitcoin network shortly before the initial drop to ~$30k, and since then, Bitcoin has ranged between $30k and $40k.

While other positive news has come to market, such as El Salvador making Bitcoin legal tender, the news cycle has been dominated by bearish narratives, from energy concerns to China, again, banning Bitcoin. 

During this period, the hash rate has dropped by nearly 50% as miners turn off their machines and move out of China, and the difficulty adjustment, expected around 2nd July, is expected to drop by over 25%.

The last month has been turbulent in bitcoin, and the narrative has become cloudy, with bitcoin continually defending the ~$30k mark. Is this the bottom? Or just the start of a longer-term bear market?

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss the reliability of on-chain data and TA, miners moving out of China and whether we have entered a bear market.

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
Revolut - A better way to handle your money


-----

WBD365 - 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.

Jun 28, 2021
El Salvador Macro Outlook with Lyn Alden
01:11:18

“In a market that’s so held up by quantitative easing and fiscal stimulus, when you start to see these reverse repos and the Fed starts talking about the potential for tapering next year… that certainly gives the market some jitters.”

— Lyn Alden

Location: Remotely
Date: Tuesday 22nd June
Project: lynalden.com
Role: Macroeconomist

The new legislation in El Salvador making Bitcoin legal tender is a bold move for the country. As a dollarised nation and with remittance making up 15% of GDP, there are clear benefits in bringing bitcoin and the Lightning Network to the country.

A catalyst for this move is the macroeconomic fallout of 2020 which included unprecedented monetary expansion and economic disruption. Today, it seems some of the effects are starting to appear in price inflation and oddities in the overnight lending markets between financial institutions.

Will El Salvador’s bet on Bitcoin pay off? And are these simply transitory macroeconomic irregularities, or is there cause for concern?

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss El Salvador making Bitcoin legal tender, other countries adopting Bitcoin, the Lightning Network and the reverse repo market.

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
Revolut - A better way to handle your money


-----

WBD364 - 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.

Jun 25, 2021
Why El Salvador Made Bitcoin Legal Tender with President Nayib Bukele
01:16:13

“This is just exercising our sovereign right to adopt legal tenders, like we adopted the US dollar in the year 2001...the only difference probably is the reasons why we are doing this; in 2001, it was probably done for the benefit of the banks, and this decision is done for the benefit of the people.”
— Nayib Bukele

Location: El Salvador
Date: Friday 18th June
Project: El Salvador
Role: President

Twenty years ago, El Salvador became a dollarised nation, bringing economic stability to the country and improving the country's potential for investment. However, it did so at the cost of giving up its monetary policy to the US Federal bank.

Two decades later, following the COVID-19, the global economic outlook has changed significantly. As a result, the Fed has taken extreme measures to combat the economic impact of the pandemic and is printing money at previously unseen levels. 

The stimulus packages that help American's do not make their way to dollarised El Salvador, but the people of Salvadorans do suffer the adverse effects of the US debasing the dollar.

Two years ago, Nayib Bukele won a landslide presidential election in El Salvador, becoming the first President since the Salvadoran Civil War who did not represent either of the two major parties.

As the founder of the political party Nuevas Ideas, President Bukele lived up to his reputation when on the 8th of June 2021, El Salvador enacted its Bitcoin Law, making it the first country to adopt bitcoin as a legal tender. The decision has been met with excitement and scepticism. 

Could this bold move be a catalyst for prosperity in El Salvador? And will other nations follow suit, potentially helping billions?

In his first interview since the Bitcoin law was passed, I talked to El Salvador President Nayib Bukele. We discuss the decision to make bitcoin legal tender, education & infrastructure, volcano mining, and why he believes bitcoin is a ‘no-brainer’.

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
Revolut - A better way to handle your money


-----

WBD363 - 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.

Jun 23, 2021
El Salvador - The Whole Story with Jack Mallers
01:21:50

“From the start, the conversation was about financial inclusion, open systems, open monetary networks, free markets, how the existing financial system is broken, and how in theory, the world is a much more free, economically liberal place if the monetary network is Bitcoin.”
— Jack Mallers

Location: El Salvador
Date: Thursday 17th June
Project: Strike
Role: CEO

El Salvador made history by becoming the first country to embrace bitcoin as legal tender. This bold step to adopt Bitcoin empowers Salvadorians and utilises Bitcoin's powerful technology to build a better financial future for the country. 

As a dollarised country, El Salvador is at the whim of the Fed, and the groundbreaking legislation included this excerpt:

"Central banks are increasingly taking actions that may cause harm to the economic stability of El Salvador; That in order to mitigate the negative impact from central banks, it becomes necessary to authorise the circulation of a digital currency with a supply that cannot be controlled by any central bank."

The bitcoin project in El Salvador has a long history; Bitcoin Beach, a project started by Michael Peterson in El Zonte, a surf town that has become a bitcoin hub in El Salvador. This local project has become the poster child of what a bitcoin community and economy can look like.

Jack Mallers and the Strike team have taken El Salvador by storm, but this story is bigger than any one person. From Bitcoin Beach to developers, and the entire community, every bitcoiner played a part in bringing a fair and inclusive financial future to El Salvador.

In this interview, I talk to Jack Mallers, CEO of Strike. We discuss the story that led to Bitcoin as legal tender in El Salvador, all the credit due to the community, and his mission to secure financial freedom for all.

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
Revolut - A better way to handle your money


-----

WBD362 - 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.

Jun 18, 2021
The Truth About Bitcoin's Energy with Harry Sudock
01:30:25

“The whole energy argument...it doesn’t take into account the physics and engineering of how the energy is produced, and it doesn’t take into account the economic reality that we are always seeking out lower cost power.”
— Harry Sudock

Location: Miami
Date: Monday 7th June
Project: Griid Infrastructure
Role: WP of Strategy

Bitcoin mining has been subjected to a considerable amount of criticism over recent years, but the number of articles disseminating misinformation has exploded over the last few months. 

Almost every mainstream media outlet has shared ill-researched hit pieces, and several hugely influential figures, from Elon Musk to Elizabeth Warren, have publicly questioned its energy usage. 

While the conversation about Bitcoins energy usage is worthwhile, almost all of the criticisms come from a misunderstanding of Bitcoin and the energy sector. However, the reach of these articles is widespread and potentially damaging. 

To address this FUD, I talk to Harry Sudock, the Vice President of Strategy at Griid. We discuss the energy consumption of Bitcoin mining, energy generation & the power grid and the case for renewable energy.

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
Revolut - A better way to handle your money


-----

WBD361 - 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.

Jun 16, 2021
Understanding Anarchism with Michael Malice
01:35:44

“People by their nature prefer to cooperate, not because they are genuinely kind, but because conflict and violence is very very expensive; if you have a knife fight you are getting stabbed, even if you win.”
— Michael Malice

Location: New York
Date: Wednesday 9th June
Project: michaelmalice.com
Role: Author

It's a common misconception that anarchy revolves around chaos and war when it is simply about freedom. Anarchists want to see the removal of all government and society to run on an entirely voluntary, cooperative basis.

While it's uncertain what our world would look like without rulers, technology is the greatest driver of transformation in the modern world. Bitcoin has realised an anarchist dream as an incorruptible form of money, controlled by the people outside of government intervention. It is a powerful catalyst for freedom.

Michael Malice is a staunch anarchist and author who believes anarchism is an apparatus for achieving human joy. In this interview, we discuss how the world would operate without state intervention, the human propensity for cooperation, and how Bitcoin is a catalyst for 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
Revolut - A better way to handle your money


-----

WBD360 - 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.

Jun 14, 2021
Central Banking, Bonds & Inflation with William Elman & Greg Mercer
01:11:37

“A lot of the tools that we’re using today to combat this coronavirus crisis were cooked up in 2008 during the great financial crisis, but now they’re on steroids; they’ve completely blown up to magnitudes that are unprecedented.”
— Greg Mercer

Location: New York
Date: Wednesday 9th June

As of February 2021, annual growth in the money supply reached 39% in the US, leading to widespread fears of inflation and the impact on the economy. Consumer prices soared 5% in May, the largest increase since 2008. While the Fed has argued that inflation will revert to normal by next year, others are looking to hedge the risk of inflation.

Bitcoin is viewed by many as the ultimate inflation hedge. With its fixed monetary policy and transparent, consistent and decreasing supply issuance, it is the antithesis of fiat currencies, perpetually debased by governments' increasingly extreme monetary policy.

Are we right to fear more significant inflation? And what role do Bonds and Bitcoin play?

In this interview, I talk to William Elman and Greg Mercer. We discuss bond yields and what they signal, the pros and cons of market intervention and the ever-increasing government debt.

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
Revolut - A better way to handle your money


-----

WBD359 - 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.

Jun 11, 2021
Gradually then Suddenly Pt 1 - Killing the FUD with Parker Lewis
02:08:06

“It is unnerving when a bunch of virtue signalers...having no appreciation for the fact that 85% of the people in the world live in poverty and they don’t have access to a reliable form of money that could pull them out of poverty, that they would start to criticize without having any understanding.”
— Parker Lewis

Location: Guatemala
Date: Wednesday 26th May
Project: Head of Business Development
Role: Host

The Gradually, Then Suddenly series by Parker Lewis on the Unchained Capital blog is an excellent resource for readers with any level of knowledge. 

Bitcoin is not intuitive at first, and these articles cover many of the most common sticking points people come across when they fall down the rabbit hole. Parker's writings deeply examine the value proposition of Bitcoin from a first-principles basis.

To truly understand Bitcoin, one must answer the question: what is money?

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss money as a coordination function of society, Bitcoin's energy usage, and why you cannot copy 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
Revolut - A better way to handle your money


-----

WBD358 - 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.

Jun 09, 2021
Bitcoin Tech #5 - Bitcoin Consensus with Shinobi
01:35:11

“I cannot stress this enough; when you are trying to gauge consensus for an upgrade proposal, it is not a democracy. Absolutely not. It is not voting; it is not majority wins. That is not how things are done.”
— Shinobi

Location: Miami
Date: Tuesday 25th May
Project: Block Digest
Role: Host

Bitcoin is an entirely decentralised network, and as such, by definition, it has no authoritative organisation to dictate or coordinate rule changes. Instead, any improvements or changes must be community-driven.

Changes to Bitcoin are rare, and when the developers propose protocol changes, they go through a strenuous review and test process. As such, changes are rare and slow to happen. While some see this as a negative, it is one of the strengths of Bitcoin. 

A monetary network that is worth nearly $1tn should not be fast or easy to change. Many even think that eventually, the base-layer of Bitcoin may reach a point where it must no longer implement any changes, and further improvements would occur on higher layers.

In this interview, I talk to Shinobi, the host of Block Digest. We discuss making changes to the Bitcoin protocol, hard vs soft forks, ossification, and the upcoming Taproot soft fork means for 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
Revolut - A better way to handle your money


-----

WBD357 - Show Notes

-----

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

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

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

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

Leave a review on iTunes

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

Jun 07, 2021
Eric Weinstein on Bitcoin
02:37:06

“I feel like the bitcoin community is one of the best communities to take on the future… we’ve got rich, smart, heterodox, idealistic, iconoclastic pirates. OK, what are we doing?”
— Eric Weinstein

Location: Los Angeles
Date: Thursday 27th May
Project: Thiel Capital
Role: MD

Bitcoin can be a toxic place. If you question a narrative or fall on the wrong side of a debate, you will quickly find yourself on the receiving end of the ‘bitcoin plebs’, and rarely a day passes without a fight of some kind exploding on Twitter.

Earlier this year, Eric Weinstein found himself amongst a heated discussion after challenging the narratives of bitcoiners across Clubhouse and Twitter.

Eric is a cultural commentator who has been aware of Bitcoin since as early as 2010. Whilst supporting Bitcoin and the community, he does not consider himself a bitcoiner.

In this interview, we discuss Bitcoin maximalism & toxicity, Elon Musk and whether Bitcoin fixes everything. My friend Travis Kling joins me as co-host for this episode.

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


-----

WBD356 - 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.

Jun 02, 2021
ESG, Tesla and Energy FUD with Lyn Alden
01:05:38

“I’m wary of greenwashing, things that basically consist of virtual signalling about being green... we’re more interested in looking like we’re solving the problem rather than actually solving the problem.”
— Lyn Alden

Location: Los Angeles
Date: Friday 28th May
Project: lynalden.com
Role: Macroeconomist

Over the last few weeks, the ESG narrative regarding Bitcoin has been growing, and we have seen a constant stream of misinformed FUD surrounding the energy sources and usage of Bitcoin miners.

The primary catalyst for this narrative, and the recent drop in price, was when Elon Musk tweeted that Tesla had "suspended vehicle purchases using Bitcoin" due to their concerns "about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions". While the validity of this claim was quickly debunked, the narrative is spreading.  

With growing pressure to reduce energy consumption and comply with the ESG movement, what impact will this have on the Bitcoin market?

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss new sources of demand for bitcoin, ESG, Tesla, and misconceptions about fossil fuels and “green” energy.

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


-----

WBD355 - 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.

May 31, 2021
Bitcoin Has No Leaders with Dan Held
01:22:49

“Bitcoin grows more antifragile with these sorts of events... they’re going to lose influence pretty fast, and pretty soon, the market doesn’t care what they have to say.”
— Dan Held

Location: Chicago
Date: Wednesday 26th May
Project: Kraken
Role: Growth Lead

When Elon Musk tweeted that Tesla had "suspended vehicle purchases using Bitcoin" due to their concerns "about the rapidly increasing use of fossil fuels for Bitcoin mining and transactions", the market went into freefall, dropping from around $58k to just below $30k in just a few days.

Since then, the market has reacted whenever Musk tweets. On Monday, he stated that he had "Spoke with North American Bitcoin miners" in a meeting set up by Michael Saylor and that "they committed to publish current & planned renewable usage & to ask miners WW to do so. Potentially promising." 

While this may seem like positive news, behind-closed-door meetings are not something that bitcoiners are fans of. The meeting was somewhat reminiscent of the New York Agreement. 

The future of Bitcoin should be decided by the consensus of the entire network, not a small, wealthy and hugely influential committee. Some feel that appeasing one billionaire is a dangerous precedent to set.

Are we heading down a slippery slope? And what will this mean for Bitcoin?

In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss the concept of leaders in Bitcoin, antifragility, and dispel some FUD.

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


-----

WBD354 - 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.

May 28, 2021
From the Petrodollar to a Bitcoin Standard with Alex Gladstein & Nic Carter
01:10:34

“It’s reasonable to think that in the next 10-15 years, we’ll start seeing a real shift. Whether it’s to a bi-polar world or a multi-polar world or potentially a world where we no longer have the petrodollar as the reserve currency… but rather, maybe the Bitcoin standard.”
— Alex Gladstein

Location: Remotely
Date: Monday 24th May
Project: The Human Rights Foundation & Castle Island Ventures
Role: Chief Strategy Officer & Partner

Bitcoin is in the midst of an immense cycle of FUD. In the last few weeks alone, Elon Musk has questioned the energy consumption, China has again imposed regulations on bitcoin miners, and even the Pope raised fears concerning fossil fuels.

As Bitcoiners, we are used to the constant stream of attacks, but often the disparagement is down to a lack of understanding of Bitcoin, with people viewing it as just a visa-like payment processor. As Alex Gladstein says, Bitcoin “is not a fintech company competing with Visa. It is a decentralized asset competing to be the new global reserve currency, aiming to inherit the role gold once had and the role the dollar holds today.”

If bitcoin does become the new global reserve currency, superseding the dollar, will that usher in a more peaceful world? And what impact will it have on equality and foreign policy? 

In this interview, I talk to Alex Gladstein, the Chief Strategy Officer at The Human Rights Foundation and Nic Carter, a Partner at Castle Island Ventures. We discuss the petrodollar system, moving to a bitcoin standard and the benefits that it would have on society.

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


-----

WBD353 - 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.

May 26, 2021
The Sovereign Individual Pt 2 - The Logic of Violence with Robert Breedlove
01:24:07

“If you’re operating in a purely free market, the presupposition is that you should only be rewarded commensurate to how well you satisfy the wants of others basically; the better you serve mankind the richer you become.”
— Robert Breedlove

Location: El Salvador
Date: Monday 10th May
Project: Independent
Role: Bitcoin Writer

Growing food, gunpowder and the printing press, while these don't appear to have much in common, they have been the catalyst for some of the most fundamental shifts ever seen in human history.

The agricultural revolution led man from small groups of hunter-gatherers to relatively large settled communities; this provided the basis for centralised political structures.

The gunpowder revolution changed warfare. It removed the ultimate power of a knight on horseback and rebalanced power back towards the people.

With the advent of the printing press, the spread of ideas became possible on a previously unimaginable scale; this, in turn, turbocharged the Renaissance and removed power from the church.

Each one has been responsible for revolutionising how society operates and transformed people's lives.

With Bitcoin, are we now amidst the next significant revolution that will change the course of history?

In this interview, I talk to Bitcoin writer Robert Breedlove. We discuss the mega-political variables that shape society, the role of technology, and the logic of violence.

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


-----

WBD352 - 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.

May 24, 2021
Is the Bitcoin Bull Market Over? With Willy Woo
51:45

“The people who were most scared and the reason why markets dropped so much this time, was these guys that sold their coins, they were new participants...holding whale-sized quantities of bitcoin which creates a new concentration of wealth. What happened was they were the ones that sold.”
— Willy Woo

Location: Guatemala
Date: Thursday 20th May
Project: Hypersheet
Role: Co-Founder

The last 48 hours have been one of the craziest in Bitcoin, with the price crashing -51% from its peak. Back in April, we were hovering around $60k when a significant number of miners in China went offline due to power plant disruption; after a brief selloff, prices began to recover.

Last week a tweet about Bitcoin’s energy usage from Elon Musk triggered another downturn in the market. A “tidal wave of young coins” flooded into exchanges to sell, leading to a lot of leveraged traders getting liquidated and ultimately a capitulation to around $30k. 

While this dip was extreme, significant dips in a bull market are not uncommon, and bitcoin is already up around 40% from the lows. So was this just a minor blip, or does it signal the end of the bull market?

In this interview, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss what caused the dip, who’s buying it up, and Willy’s new price targets.

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


-----

WBD351 - 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.

May 21, 2021
Bitcoin, A Fiduciary Duty with Nik Bhatia
01:08:38

“If you are ignoring Bitcoin now, as a growth manager, you are ignoring that an alternative monetary reality has come into existence on this planet.”
— Nik Bhatia

Location: El Salvador
Date: Saturday May 8th
Project: USC Marshall School of Business
Role: Adjunct Professor of Finance

For a long time, asset managers in the traditional finance world have largely ignored bitcoin. Often using outdated and debunked theories as to why bitcoin is another tulip bubble that boils the oceans, kills polar bears and used by drug dealers and criminals.

Over the last year, this has begun to change, institutions have woken up to Bitcoin, and they are beginning to see it for what it is, the soundest money the world has ever seen and a tool for freedom. Nik Bhatia says that Bitcoin has changed monetary technology as we know it. It is now the fiduciary duty for asset managers to consider bitcoin, not only for the economic benefit but also for societal change.

In this interview, I talk by Author and Professor of Finance Nik Bhatia. We discuss his recent article ‘Asset Managers, Owning Bitcoin Is Now Your Fiduciary Duty’, currency debasement and how Bitcoin is the new monetary reality.

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


-----

WBD350 - 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.

May 19, 2021
The Magic of Bitcoin with Tomer Strolight
01:08:41

“Fiat Money is like this dark magic, it distorts all those magical properties which allows for this immense coordination across billions of people in the world without ever having to talk to one another...fiat money destroys this, and Bitcoin fixes it.”
— Tomer Strolight

Location: El Salvador
Date: Saturday May 8th
Project: tomerstrolight.medium.com
Role: Writer

The inflationary aspects of fiat money and the ultimate control wielded by the central banks create a rigged game that forces us to consume rather than save. As Tomer Strolight puts it, ‘time-travelling thieves are stealing our energy and wealth’. As the soundest money the world has ever known, the magical qualities of Bitcoin fix this.

Tomer Strolight has been pondering Bitcoin’s profound implications for nearly a decade. His writings are unique, elegant tidbits of helpful perspectives for bitcoiners, new and old.

In this interview, I talk to Tomer, and we discuss his many short articles on Bitcoin, the dark magic of fiat money, and why Bitcoin is the most important thing happening in the 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


-----

WBD349 - 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.

May 17, 2021
Bitcoiners Control the World with David Bailey
01:11:15

“He who controls the money controls the world, and Bitcoin is the money now, and bitcoiners control the world, and the rest of the world is waking up to this fact. This is the new Davos...fuck the old world.”
— David Bailey

Location: El Salvador
Date: Friday 30th April
Company: BTC Media
Role: CEO & Co-Founder

On June 4th & 5th, the Bitcoin world will descend on Miami for the largest Bitcoin-only conference in history. Since the outbreak of the pandemic, conferences and gatherings have been postponed and cancelled. It is fitting that a conference centred around Bitcoin, a tool for freedom that allows people to bypass government control, will be one of the first gatherings of its kind in a post-covid world. 

With the massive increase in retail and institutional interest in bitcoin, it looks to be an event on a scale not seen before for bitcoin. The lineup of speakers ranges from Michael Saylor to Jack Dorsey and Nick Szabo to Tony Hawk. 

In this interview, I talk to David Bailey, CEO of BTC Media. We discuss the massive Bitcoin 2021 conference in Miami, maximalism, hyperbitcoinisation, and the bitcoin revolution.

For tickets, head over to their website and use promo code “WBD” to save 10% off your tickets.

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


-----

WBD348 - 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.

May 14, 2021
The Indy500 Bitcoin Car with Jack Mallers & Ed Carpenter
00:48:36

“Sometimes all it takes to change the world is just care enough. That’s how I think about the bitcoin community, we wear hoodies, we’re weird, we’re nerdy, we don’t have girlfriends, all of the memes. But, you know what you can’t say is that these guys don’t fucking care. We care a lot.”
— Jack Mallers

Location: El Salvador
Date: Saturday May 8th
Company: Strike, Ed Carpenter Racing
Role: CEO, Owner

Ed Carpenter lives life at over 373 km/h. He’s worked his whole life for his dream of racing in the Indy 500. And now, with 18 Indy races under his belt, the finish line is within his sights. But Indy racing requires millions per year in funding, and the way people consume entertainment is changing.

Ed’s team needed to do something different, and a dose of orange pills gave them an idea. A cold email to Jack Mallers may just have changed the game forever. The two have joined forces and are looking to the Bitcoin community to raise money to enter car number 21 into the Indy500 covered in the Bitcoin logo. 

In this interview, I talk to Jack Mallers and IndyCar driver Ed Carpenter. We discuss Ed’s racing aspirations, entering a Bitcoin car into the Indy500 and supporting open source development and 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


-----

WBD347 - 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.

May 12, 2021
SurferJim Yells a Little Bit with SurferJim & American HODL
01:47:32

“If we lived in a world where you could trust your money, you could then trust your ability to just go work hard like you already do…when the money is fixed, all this bullshit goes away.”
— SurferJim

Location: El Salvador
Date: Wednesday 5th May
Company: n/a
Role: n/a

Bitcoin is an open and permissionless system that, by design, is available to anyone and everyone who wants to participate, without prejudice or bias. However, while the system is open to all, some of the participants in the system push strong narratives.

As a decentralised system with no single entity in control, these bitcoiners and their narratives have been fundamental in helping protect the network from bad actors and those looking to exploit it for personal gain. 

Some of these narratives are clearly beneficial, such as running a full node to help decentralise the network or pushing self-sovereignty through things such as not your keys, not your coins. However, several other narratives have become things that some groups of bitcoiners identify with, such as following a carnivore diet, anarchism and scepticism regarding vaccines. 

How important are these narratives to bitcoin? And what makes someone a 'real' bitcoiner?

In this interview, I talk to American HODL and Surfer Jim. We discuss bitcoin narratives & purity, shitcoins, NFTs, the bitcoin plebs and Surfer Jim's battle with Chamath Palihapitiya.

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


-----

WBD346 - 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.

May 10, 2021
Value Investing and Bitcoin with Peter Doyle
01:06:21

“There’s not many asset classes that could save you the way that bitcoin can, and I think people are just lazy and they’re not paying attention to what’s happening.”
— Peter Doyle

Location: Remotely
Date: Wednesday 21st April
Company: Horizon Kinetics
Role: Co-Founder & MD

Value investing is a simple but highly effective strategy used by some of the world's most renowned traders, most notably Warren Buffet. These investors hunt out stocks that they believe to be trading below their true value. The theory is that the market overestimates both good and bad news, which means stock or asset prices can swing wildly askew of their actual value, and they then look to capitalise on this by buying cheap and holding for the long term.

It is easy to argue that Bitcoin fits perfectly into this category. If you believe that Bitcoin has the potential to become the world's premier store of value and absorb a large portion of gold's market cap, then at a $1trillion market cap, bitcoin seems massively undervalued. However, many value investors, including Buffet, refuse to accept Bitcoin.

Peter Doyle is a value investor who believes that bitcoin has a crucial role in our future. Not only just as a store of value and a hedge against inflation but also as a way of removing monetary policy decisions from the central bankers and politicians.

In this interview, I talk to Peter Doyle, the Co-Founder and MD of Horizon Kinetics. We discuss the risks of high inflation, value investing in the current macro environment and why the world needs 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


-----

WBD345 - 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.

May 07, 2021
All In on Bitcoin with Sean Culkin
01:09:08

“Bitcoin is hope, and it is traveling, and people are becoming aware of it…I’m ready to do this and I don’t really view this as a risky thing.”
— Sean Culkin

Location: Remotely
Date: Monday 3rd May
Company: Kansas City Chiefs
Role: Tight End

Sean Culkin rocked the sports world with his recent announcement that he is taking 100% of his $920K salary in bitcoin. Sean is not the first NFL player to dive into bitcoin, but he is the first to take his entire salary in bitcoin in a truly trailblazing move.

Sean argues that athletes now need to "view themselves as corporations", and with many corporations now using Bitcoin as an inflation hedge, why should athletes be any different? Microstrategy CEO Michael Saylor described his cash position as being like a '$500m melting ice cube' when he led the charge. 

In this interview, we discuss his journey to the NFL, taking his entire $920K salary in bitcoin and where his conviction comes from.

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


-----

WBD344 - 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.

May 05, 2021
The Truth About Inflation with Lyn Alden
01:08:14

“CPI is a really crappy statistic for the most part… housing has gone up faster than CPI, food has gone up faster than CPI, healthcare has gone up faster than CPI, tuition has gone up faster than CPI, the cover price of the New Yorker magazine has gone up faster than CPI.”
— Lyn Alden

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

Bitcoin was born out of the 2008 financial crisis when central banks worldwide started printing money at levels never seen before to bail out the banks for a mess they created. 

Now, a decade later, amid a global pandemic, the money printer is again being used to rescue up a faltering economy. This time, the level of money printing dwarfs that of 2008/09.

With the ongoing debasement of fiat currencies globally, inflation is more of a concern than ever before. Bitcoin offers a hedge against the threat of inflation, and with its sound monetary principles, it is the antithesis of the inequity and reckless money printing of central banks.

Corporations are now using Bitcoin as an inflation hedge. When MicroStrategy announced their initial bitcoin purchase in 2020, CEO Michael Saylor explained that he was worried about their cash position being like a ‘$500m melting ice cube’. This sentiment has been echoed by many other corporations, with a record 47 S&P 500 companies citing ‘inflation’ in their 2021 Q1 earnings reports.

The link between printing money and inflation is not black and white, so how is inflation measured? And what are the markets telling us? 

In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss the growing concern of rising inflation, CPI as a measure and what the markets are signalling.

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


-----

WBD343 - 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.

May 03, 2021
Bitcoin Tech #4 - Wrapped Bitcoin & Sidechains with Shinobi & Nadav Kohen
01:59:21

“Blockchains solve a very specific problem, that’s their big innovation, but they suck at pretty much everything else.”
— Nadav Kohen

Location: Remotely
Date: Tuesday 27th April
Company: Block Digest, Suredbits
Role: Host, Software Engineer

Since Bitcoin’s inception, scaling has been a divisive topic. The very first reply to Satoshi Nakamoto’s email introducing the bitcoin whitepaper stated that “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size.”

The scaling debate came to a head in the block size wars. Part of the community wanted to scale bitcoin by increasing the block size. However, a larger section believed that scaling was better handled on other layers, culminating in 2017 with the BCash fork.

Four years on and the market has decided that layered scaling is the preferred solution. Today, there are several approaches to off-chain settlement, and by experimenting with these on higher layers separate from the protocol, the security of Bitcoin can remain robust.

These different second layers offer additional functionality and programmability not found on the Bitcoin base chain, but they do come with tradeoffs. Users should consider who or what they are trusting, be it a peg, a federation, a protocol, or a combination.

In this interview, I talk to Shinobi, the host of Block Digest and Suredbits software engineer Nadav Kohen. We discuss Bitcoin scaling, the Lightning Network, wrapped Bitcoin and Liquid.

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


-----

WBD342 - 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.

Apr 30, 2021
The Bitcoin Supercycle Revisited with Dan Held
01:06:32

“The TL;DR of the supercycle theory: what happens when the world wakes up to Bitcoin?”
— Dan Held

Location: Remotely
Date: Tuesday 27th April
Company: Kraken
Role: Growth Lead

When Dan Held first wrote about a possible bitcoin supercycle back in 2019, the idea seemed far fetched. The bitcoin price was just under $10,000, and we were a few months away from the first reported cases of COVID-19.

Now, 18 months on from that tweet, the idea of a supercycle is gaining traction. With governments around the world resorting to astonishing amounts of monetary and fiscal policy to temporarily prop up economies in response to COVID-19, the case for bitcoin has never been so clear. A new wave of investors has arrived, with bitcoin offering them a life raft from fiat currency debasement.

In early February, Dan Held came on the show to discuss the Supercycle thesis, and since then, the price of bitcoin is up over 50%. Still, more critically, Tesla bought $1.5 billion worth of bitcoin in a move that plays nicely into the supercycle theory.

In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss his supercycle thesis, the macro elements that make this cycle different and why traditional investors are waking up to 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


-----

WBD341 - 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.

Apr 28, 2021
Pantera's $115k Bitcoin Price Target with Dan Morehead
00:53:09

“My prediction is that Bitcoin will be 213% higher a year from now...that puts it at $200K a year from now, and I know it sounds crazy but I think it’s likely to happen. ”
— Dan Morehead

Location: Remotely
Date: Friday 23rd April
Company: Pantera Capital
Role: Co-Founder & CEO

Dan Morehead is a veteran of Wall Street, having worked at Deutsche Bank and Goldman Sachs before co-founding Pantera Capital. He is the embodiment of institutional investors, and he is predicting bitcoin will hit $115k by August 2021.

In 2013, Pantera launched the first cryptocurrency fund in the U.S. and offered accredited investors direct exposure to bitcoin. The firm also provides insights and price targets based on historical performance, market conditions, and models like stock-to-flow.

While, historically, bitcoin has faced many challenges that have kept some investors at bay, with the availability of institutional custody solutions and increasing regulatory clarity, these investors are now entering the market.

This increased institutional adoption of bitcoin has been a significant driver of the current bull market. With $trillions in government deficits worsening asset inflation, corporations have begun looking to bitcoin to protect their wealth. 

In this interview, I talk to Dan Morehead, a veteran investor and the co-founder & CEO of Pantera Capital. We discuss the Pantera price target, the firm's investment thesis for bitcoin and the impact of inflation.

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


-----

WBD340 - 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.

Apr 27, 2021
The Last Days of Satoshi with Pete Rizzo
01:23:03

“ Satoshi kind of left an unfinished product, because in order for it to be finished, it had to solve the riddle of him.”
— Pete Rizzo

Location: Remotely
Date: Wednesday 21st April
Company: Kraken & Bitcoin Magazine
Role: Editor

Ten years ago, in April 2011, Satoshi Nakamoto sent his last known message to Mike Hearn, stating that he had "moved on to other things" and that Bitcoin was "in good hands". Satoshi left the development with Gavin Andresen and a group of contributors and left the Bitcoin community for good. 

At launch, Bitcoin was governed and developed entirely by Satoshi; it was centralised. To reach the level of decentralisation that Satoshi envisioned, Bitcoin couldn't have a leader that the community looked towards; instead, it needed to rely on peer review, debate and consensus. Satoshi, the mythical and mysterious leader, had to leave the project he founded.

Pete Rizzo wrote The Last Days of Satoshi to answer the fundamental questions about Bitcoin's early history and its creator. How did he run the project? And why did he have to leave?

In this episode, I talk to Pete Rizzo, the Editor at Kraken & Bitcoin Magazine. We discuss Satoshi's final days, his contribution to Bitcoin, the project's transition to decentralisation, and why his disappearance was inevitable.

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


-----

WBD339 - 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.

Apr 26, 2021
Strike Launches in El Salvador with Jack Mallers, Miles Suter & Michael Peterson
01:17:05

“The world now has an open monetary network, it’s the first one of all time, and throughout the history of the world, open networks really defeat closed networks and usher in a lot of change and innovation and disruption.”
— Jack Mallers

Location: Remotely
Date: Tuesday 6th April
Company: Strike, Square Crypto & Bitcoin Beach
Role: CEO, Bitcoin PM, FounderCIO

Bitcoin Beach is an experiment set up by Michael Peterson, trying to help the people of El Salvador. The organisation built a Bitcoin economy in Punta Mango, a small beach town in El Salvador where local businesses now accept Bitcoin, creating a local Bitcoin circular economy.

In rolling out bitcoin services in this part of El Salvador, the speed and cost of transacting on the base layer presented challenges. Migrating to using the Lightning Network has solved these issues and helped build a circular bitcoin economy.

Jack Maller’s Strike has also launched in El Salvador to solve other issues for the local people. With the Strike app using the bitcoin network as the payment rail, users can send fiat currencies instantly and at no cost.

In this interview, I talk to Zap CEO Jack Mallers, Square Crypto's Miles Suter, and Bitcoin Beach's Michael Peterson. We discuss the Lightning Network, international remittance and how Strike solves problems for people in El Salvador.

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


-----

WBD338 - 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.

Apr 23, 2021
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


-----

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

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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.

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

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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.

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

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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.

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
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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.

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

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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.

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

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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

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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 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
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 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

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 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
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 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

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 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

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 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

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 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

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 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

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

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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

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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

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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

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 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

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 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

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 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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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 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

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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 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
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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

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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

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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
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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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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
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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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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

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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 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:
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 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

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 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

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 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

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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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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

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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

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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 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
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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 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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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

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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 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

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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.

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.

-----

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:
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 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.

-----

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

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 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.

-----

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

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 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

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 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

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 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

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 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

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 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.

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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:
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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.

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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

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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.

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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
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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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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

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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 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

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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 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
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.

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.

-----

WBD272 - 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.

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.

-----

WBD271 - 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
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.

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.

-----

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
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.

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.

-----

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

-----

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

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.

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.

-----

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

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.

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.

-----

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

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.

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.

-----

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

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.

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

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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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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

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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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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.

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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:
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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
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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

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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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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 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

-----

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 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:
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.

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:

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 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.

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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:

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.

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 &