I am a younger boomer, and always so blown away by how many young smart people are into this crypto/BTC space. To listen to Nic, he sounds like 50 yr old who has been in the business for 30 years. Speaks with facts, directness, confidence. Great discussion, and Peter, I saw where you stated very similarly how many smart young people are in the space, keep getting them onto your channel. So many great views, and as a boomer, really gives me hope for the future when I am done and dusted! But my kids and grandkids (hopeful for now) will live in a world of an even economic playing field.
bitcoin is a good investment and store of value. But I think we need to temper these Utopian fantasies of bitcoin becoming the world reserve currency and everyone being on a bitcoin standard. That most likely will never happen. Nation states will never allow it.
70+ boomer, agree. Brilliant young minds navigating the digital reality of now and the future. I enjoy listening to Nic, and others of his generation helping me understand the here and now.
Listening to Nic Carter extemporaneous discussions is more valuable and better than any Ph.D lecture. The man is genius and can communicate fact, history, theory and probable outcomes.
Thank you for the perspectives, it should be a crypto with all different real world use cases to have unity along with precious metals and go against the flaws in the fiat fractional reserve banking system!
In reference to Matt Levine's point on vulcano bonds (1:03:25): So El Salvador has issued (or is going to issue) a bond based on Bitcoin, which may make even more appealing this other option: just buy a previous bond issued by El Salvador in 2002 that you can buy for 73 cents for 1 USD, AND the other 27 cents you save you can invest them in Bitcoin. Seams like this vulcano bond is both incentiving the purchase of a previous one issued by the same country plus buying bitcoin... So any option you may choose is good for them! IMHO this is fucking BRILLIANT!
Peter I know others might not feel this way but you are the source to discuss important crypto topics. You “maxi” approach is helping stabilize your platform but you’re not too afraid to air shows like those! As long as people don’t shill why can’t we talk about stablecoins! (F tether) your altcoins p2 interview was the shit
Hi Peter, great show. Few things on a tech level. Personal opinion. Do we need the headphone splitter sitting in the middle of the table? headphone cables distracting. Coffee cups in the background. minor but niggly things :)
With regards to the ES Bond, isn’t the point to be able to offer a vehicle for institutional investment funds to gain exposure because they cannot directly purchase BTC?
Hi Peter. Do you know Jeff Snider of Alhambra investments? Would be interesting if you could do a show with him regarding his perspective and the role of Bitcoin in the context of his current view that there is actually a global SHORTAGE of dollars within global financial system which since 2008 hindered and will continue to hinder global growth of economy.
Terra. It's the only chain, as far as I know, that's built from the ground up with the main purpose to support Its native stable coin. So far it seems very stable and secure, it's algorithmic and properly decentralised which it's competitors are not and it's growing fastest out of all of them. Gives you the highest yeald of the main ones and can't be regulated bu the SEC. UST is the name of the stable coin.
I just wish there was more conversational engagement with Progressives from people like Nick Carter. I see a lot of bad misunderstanding about BTC coming from that side. Conversely, some of the criticisms from that side I share too. There's a lot of cringe types in the crypto community.
A Bitcoin Standard seems to be not only about unit of account or a store of value/savings account, but also (to Nics point) a médium of exchange. But wouldn’t it be stupid to use BTC as a MoE if it works as a collatoralized asset (digital property) where you can borrow and spend the shitcoin/fiat while keeping the asset in your possession? In the past, when one couldn’t get a home equity line on your BTC, then perhaps we realize profits to buy the dream home or car or whatever. Today no one in their right mind is selling an appreciating asset. In the imagined future, if and when the dollar is hyperinflating, perhaps then we would spend satoshis as the medium of exchange of last resort. Maybe this is Hyperbotcoinization in practice?
His version of future is very linear. As if things would go on as is. More likely scenario would be decade long secular stagnation triggered by automation and governments trying to counter that with inflationary monetary policies, leading to severe stagflation. The whole game would change.
U should publish when the interview actually took place in the title to understand impact to market, relationship to other interviews. Why keep secret? What do you have to hide?
How do you stop someone taking your gold by force? You most likely wont even have it close enough to protect if you really wanted to, even if you could how you going to keep it and hide it and move it about? Gold might still have its uses, however store of value wont be one of them at some point, not to mention its price gets messed about with and aint nothing anyone can do to stop that. Gold had its time as the number one store of value, but its clear that is no longer the case now.
What product can government do better then the private sector? Never ending war. Though the private sector has figured out pretty well how to feed from that trough.
The problem with Nic's argument for the USD is that eventually, all fiat goes to zero as everyone loses trust in the currency. At that point, if a BTC standard does not replace it, another fiat currency will (most likely a dystopian, mass-surveillance boosted, digital yuan).
@45:58: NONE OF THAT IMPLIES OR REQUIRES TOKEN OF ANY SORT! BINGO. FOCUS ON THE REAL DIGITAL ASSETS PEOPLE. ALL OF THESE CRYPTO ECO SYSTEMS ARE NOT NEEDED FOR THE NEXT WEB. WE NEED LESS MARKETING AND MORE WEB 3 BEING COMPLETED TO PLACE MORE INFORMED BETS ON THE FUTURE.
Lebanon population explosion might have contributed to inflation same in Turkey. CPI inflation is linked to population growth whether by birth or immigration.
My only question about inviting sovereigns to buy bitcoin, do you really want entities that can simply print money to buy bitcoin? The Fed could just use 1/25th of what they doled out to buy up most all bitcoin and let it become inert. As an aside, if there aren’t enough bitcoin for every millionaire to have one how can it possibly handle widespread ownership/usage, let alone sovereigns owning it. It seems impossible….
I am a younger boomer, and always so blown away by how many young smart people are into this crypto/BTC space. To listen to Nic, he sounds like 50 yr old who has been in the business for 30 years. Speaks with facts, directness, confidence. Great discussion, and Peter, I saw where you stated very similarly how many smart young people are in the space, keep getting them onto your channel. So many great views, and as a boomer, really gives me hope for the future when I am done and dusted! But my kids and grandkids (hopeful for now) will live in a world of an even economic playing field.
Couldn't have put it better
bitcoin is a good investment and store of value. But I think we need to temper these Utopian fantasies of bitcoin becoming the world reserve currency and everyone being on a bitcoin standard. That most likely will never happen. Nation states will never allow it.
70+ boomer, agree. Brilliant young minds navigating the digital reality of now and the future. I enjoy listening to Nic, and others of his generation helping me understand the here and now.
how you feeling now about that shill?
@@spenser6353 you allow people to allow you to do stuff?
The placement of the Peter Schiff portrait in front of Pete is a master piece!😂
One word. Profound. One of the rarest Bitcoiner who doesn't shill Bitcoin!
Listening to Nic Carter extemporaneous discussions is more valuable and better than any Ph.D lecture. The man is genius and can communicate fact, history, theory and probable outcomes.
Always a pleasure listening to Nic.
i can listen to nic all day long. such an elegant and eloquent speaker.
Nic is impressively fair and realistic
PM is definitely maturing
Excellent conversation
Nic has reached puberty, PM is becoming less douchy. Overall progress.
Glad Nick's a regular, because he knocks it out the park every time. Good show.
Stellar interview, great insight.
Thank you both!
That was amazing, great conversation, big up !
Another amazing guest, Peter. Thank you!
Thank you for the perspectives, it should be a crypto with all different real world use cases to have unity along with precious metals and go against the flaws in the fiat fractional reserve banking system!
really good video quality, cheers Peter and Nic XOXOXO
In reference to Matt Levine's point on vulcano bonds (1:03:25):
So El Salvador has issued (or is going to issue) a bond based on Bitcoin, which may make even more appealing this other option: just buy a previous bond issued by El Salvador in 2002 that you can buy for 73 cents for 1 USD, AND the other 27 cents you save you can invest them in Bitcoin.
Seams like this vulcano bond is both incentiving the purchase of a previous one issued by the same country plus buying bitcoin... So any option you may choose is good for them!
IMHO this is fucking BRILLIANT!
Absolutely Nic, let’s take Zimbabwe.
38:30 one of the beat lines in terms of this whole discussion around alt coin rivals to BTC and BTC itself.
Great interview, thank you for posting!
Peter I know others might not feel this way but you are the source to discuss important crypto topics. You “maxi” approach is helping stabilize your platform but you’re not too afraid to air shows like those! As long as people don’t shill why can’t we talk about stablecoins! (F tether) your altcoins p2 interview was the shit
Great stuff! What is liquid death?
The ultimate bitcoin power rangers squad would be: Nic Carter, Adreas, Saif, Jack Mallers and Jack Dorsey.
Thanks for the mind candy! Can't wait to see where all of this goes in 10-20 years ...I hope we all have good health so we are around to find out.
This interview was wonderful, Nic please get your podcast on TH-cam.
Really great interview.
Great conversation
Hi Peter, great show. Few things on a tech level. Personal opinion. Do we need the headphone splitter sitting in the middle of the table? headphone cables distracting. Coffee cups in the background. minor but niggly things :)
We’re improving as we go, step by step. A fixed studio makes this all easier but we move from place to place and work with what we have.
@@PeterMcCormackShow all good man. Picture and audio quality mint though !
It's a nice table. Love the live edge
Great talk thanks
Please stop bringen the interwiev so quickly. I can't watch'em that fast😂👌
Great work peter. Never stop!
Great video :) need to hear from Willy Woo asap lol please hurry Peter 🙏 😉
Peter. Did you ever buy Gold as referenced in a previous broadcast?
Peter Schiff casually chilling on the table… iT hAs No ReAl VaLuE
Ha, love that mate!
With regards to the ES Bond, isn’t the point to be able to offer a vehicle for institutional investment funds to gain exposure because they cannot directly purchase BTC?
Great one
Hi Peter. Do you know Jeff Snider of Alhambra investments? Would be interesting if you could do a show with him regarding his perspective and the role of Bitcoin in the context of his current view that there is actually a global SHORTAGE of dollars within global financial system which since 2008 hindered and will continue to hinder global growth of economy.
33 min mark is PURE gold!
Smart Guy Nic Carter. 👍
Since you are for stable coins and cryptos dollarization, what chain do you support for that
Terra. It's the only chain, as far as I know, that's built from the ground up with the main purpose to support Its native stable coin. So far it seems very stable and secure, it's algorithmic and properly decentralised which it's competitors are not and it's growing fastest out of all of them. Gives you the highest yeald of the main ones and can't be regulated bu the SEC. UST is the name of the stable coin.
If there was an olympics of articulateness we would send Nic.
nice chat!
Love hearing from Nic "the cube cryptorati" Carter!
What a smart man!
This Progressive is very favorable to Bitcoin. Decentralization is a lefty goal in finance. Decentralization that gets down to regular people.
Lefties want more control. That doesn't align with the values in Bitcoin.
I just wish there was more conversational engagement with Progressives from people like Nick Carter. I see a lot of bad misunderstanding about BTC coming from that side. Conversely, some of the criticisms from that side I share too. There's a lot of cringe types in the crypto community.
Let's see how El Salvador turns out
Awesome thanks
A Bitcoin Standard seems to be not only about unit of account or a store of value/savings account, but also (to Nics point) a médium of exchange. But wouldn’t it be stupid to use BTC as a MoE if it works as a collatoralized asset (digital property) where you can borrow and spend the shitcoin/fiat while keeping the asset in your possession?
In the past, when one couldn’t get a home equity line on your BTC, then perhaps we realize profits to buy the dream home or car or whatever.
Today no one in their right mind is selling an appreciating asset.
In the imagined future, if and when the dollar is hyperinflating, perhaps then we would spend satoshis as the medium of exchange of last resort.
Maybe this is Hyperbotcoinization in practice?
In this scenario since there is a fixed BTC supply and suddenly central banks demand for 5 million BTC, would whales sell it?
His version of future is very linear. As if things would go on as is. More likely scenario would be decade long secular stagnation triggered by automation and governments trying to counter that with inflationary monetary policies, leading to severe stagflation. The whole game would change.
Smart..Almost ready to be a politican..Like this inteview.
U should publish when the interview actually took place in the title to understand impact to market, relationship to other interviews. Why keep secret? What do you have to hide?
Whats's up with that long table?!
Munich is bitcoin, Bavaria loved bitcoin! Mia san Satoshi!🚀❤️ Just keep hodling baby
Nic makes me want to jump out the Fortnight blimp n fight for btc!!
Professor Michael Hudson argues banking should be a low cost not-for-profit public utility.
LOL at the framed photo of Peter Schiff
What's all that white powder on the table?
Liquid Death! Nice
How do you stop someone taking your gold by force?
You most likely wont even have it close enough to protect if you really wanted to, even if you could how you going to keep it and hide it and move it about?
Gold might still have its uses, however store of value wont be one of them at some point, not to mention its price gets messed about with and aint nothing anyone can do to stop that. Gold had its time as the number one store of value, but its clear that is no longer the case now.
What product can government do better then the private sector? Never ending war. Though the private sector has figured out pretty well how to feed from that trough.
what peter schiff picture doing there lol
camera angles are pretty bad
The problem with Nic's argument for the USD is that eventually, all fiat goes to zero as everyone loses trust in the currency. At that point, if a BTC standard does not replace it, another fiat currency will (most likely a dystopian, mass-surveillance boosted, digital yuan).
Anti American…..”when has that ever stopped them.” Vicious truth. Go Nic, go!
@45:58: NONE OF THAT IMPLIES OR REQUIRES TOKEN OF ANY SORT! BINGO. FOCUS ON THE REAL DIGITAL ASSETS PEOPLE. ALL OF THESE CRYPTO ECO SYSTEMS ARE NOT NEEDED FOR THE NEXT WEB. WE NEED LESS MARKETING AND MORE WEB 3 BEING COMPLETED TO PLACE MORE INFORMED BETS ON THE FUTURE.
The setting does look like “a medieval banquet “
1:22:08. What Sh!tcoin Did. LOL
The table is far to big 😅for an interview
Lebanon population explosion might have contributed to inflation same in Turkey. CPI inflation is linked to population growth whether by birth or immigration.
Peter, get Weinstein to talk with Nic!
Did you borough putins table for this podcast?
medieval undervalued
goldbug Nic Carter :)
the super stretched headphone cords are giving me anxiety.
Surely time for a Raoul Pal episode soon?
No shit coin pumpers
how am i the first comment!? Bitcoin is inevitable. it’ll happen. buy some today. yay.
Weird that they are connected to the same headphone Jack box.
What are you guys drinking, Liquid?
Monero ?
He seems more and more like a politician every interview. I guess Cruz is rubbing off on him? :-)
Nic Carter has finally reached puberty.
👍👍👍👍👍
Biggest. Table. Ever.
i think bitcoin will be the global money in 3 years.
hard no there....
State sector invented the internet. smh
My only question about inviting sovereigns to buy bitcoin, do you really want entities that can simply print money to buy bitcoin? The Fed could just use 1/25th of what they doled out to buy up most all bitcoin and let it become inert. As an aside, if there aren’t enough bitcoin for every millionaire to have one how can it possibly handle widespread ownership/usage, let alone sovereigns owning it. It seems impossible….
table too big lol
Sounds like Nic really like stable coins.....
Bitcoin dumped hard. Why?
th-cam.com/video/vOZm79j7_og/w-d-xo.html
Media fud.
It hurts my neck to see Nic in that pose with this stupid headphone setup.
Did the bitcoin rabbit get eaten by a bear?? I pray not!!
Terrible prediction just as bad as plan B
When exactly did they make a short term prediction? They're speaking in yearly time frames.
boring
Thanks for your comment! It really helps…
LOL at the framed photo of Peter Schiff