Excellent Peter! As Jeff mentioned, you are not dumb and your focus has and continues to have a wonderful impact. Thank you so much for your contributions to the community that we love.
Excellent discussion guys! Thanks for hosting Peter. I just noticed Schiff under the table at 39:05. I love the discussions over Bitcoin, Freedom, adoption and the allowance from certain power structures.
Keep doing what you're doing. You have great content with wonderful people providing positive uplifting conversations about solutions to a crumbling world.
Telling people they cannot learn from certain experiences - provided those experiences are not IMPOSED upon them - is censorship. Censorship is violence.
Brilliant interview as usual! Have you guys considered having Jeff Snider from Alhambra Investments on to talk about the euro-dollar system? I bet that would be an interesting discussion. Thank you!
Great episode! Many people don’t realize that much of the poverty and suffering in Central America was caused by American imperialism where the American ruling class has systematically destroyed Honduras, Guatemala and El Salvador for over a century, exploiting the natural resources, exploiting the labour of the working class, and backing governments that bankrupted the public treasury. It’s a vicious cycle that needs new solutions and hopefully Bitcoin can provide a new way forward for people. Also the gangs in El Salvador originated in Los Angeles and then spread back to El Salvador. Here is another decent perspective on El Salvador - th-cam.com/video/0jxvpoRgv8g/w-d-xo.html
I speak as someone who has only seen a few dozen videos on this channel and will be staying around. Might it be worth mentioning the date each show was recorded in the notes? Sometimes you talk about "when this show goes out", and I always wonder. Much love.
Forget it man... I've said it many times, they never include the date on any of them... I can only imagine it must be very difficult to do, because in general these guys do try to please the audience. So if they haven't done it, it must be some harder technical thing, or maybe their intention is to make them "timeless"?? Who knows, but most of the shows are great.
PLEASE, PLEASE… It’s SO HARD to hear all this and have it ‘register’ when Bitcoin’s price is plummeting. It’s making the ‘sale’ of the idea of Bitcoin as a future salvation an extremely difficult sale. Please address a counter point to this issue - ON EVERY PODCAST. I need help convincing my friends not only to buy BTC, but trying to convince them I’m not crazy for buying BTC myself.
"When in doubt, zoom out". Bonds, equities, alt-coins, BTC all plummeting given the macro environment. Learn the fundamentals of MMT (Modern Mentary Theory) , it's history and where it takes us, then learn BTC. Once you know the fundamentals you will understand. Look long term... :-)
The price of Bitcoin does not mean anything in the short term and has nothing to do with the ethos behind it. The price is driven by investors and does not reflect the fundamentals of bitcoin.
@S Gary That should be fairly evident. I’m telling all my friends to buy Bitcoin and they all say, “Why, it’s dropped from $68k to $30k. Why the hell would I buy it?” It’s not easy to convince them it’s going up anytime soon.
@@sandymilne224 Short term volatility is the price you pay for the long term lessons and financial returns Bitcoin gives you. Maybe your friends aren’t ready to follow you down the Bitcoin rabbit hole yet, but they’ll be interested when the price starts to go up again.
2:00 Exactly... people all over the world have same or very similar hopes and dreams, that is why I hate it when they say "the American dream", I mean, WTF is that all about. Do they really think all other peoples don't want THAT same thing?? It may be that they just repeat what they hear from childhood, like lifting that finger at sporting events saying "America" is number one, and they haven't ever been outside the country!!
Bitcoin in a way is like “Gort” the humanoid robot in the movie The Day the Earth Stood Still. It’s a system based on independent program that takes away trust and temptation. Don’t mind me I’m smoking a joint 😉
Read The Price of Tomorrow and agree with Jeffs thesis about possible outcomes of the current monetary system. To put it briefly the only viable option for the Central Banks / Governments is to monetize the debt since the other choices are unfavourable to administration. Longterm the game theory at play says Bitcoin wins, unless the underlying technology is corrupted (which seems unlikely).
Another thing he does not speak about is how corrupt union leaders can be used to undermine a company. The competition can use money to cripple your company using that channel.
It's ironic that a Sovereign Individual would be anti abortion. My body my business. Just as an anti vac passport mandate type would be okay with the state deciding whether one begins a family or not. Sounds compassionate couched as Pro Life but the reality is otherwise.
speak like what? the necesary mainstreams cult narrative? its obviously by no coincidence that theres never been a single remotely near to any first world country in african history. humans are different, brains are different. and unfortunately for the africa situation, lQ correlates extremely strong with wealth and prosperity of humans
Good points, but let me ask: a) Who is in "the liferaft"? (Who is everyone?) b) What is "the liferaft"? (the economy? human society? the world?) Bitcoin is better money, a better tool, but if the liferaft is the world and "the sailors" are all sentient beings, then bitcoin ain't important. I do love bitcoin, but a fundamental change in human nature is needed - and that ain't gonna happen until the liferaft becomes unlivable for us. The world itself (the liferaft itself) will still be around, for the next ecological experiment... We humans, including the big hodlers (M. Saylor, etc.), need to adopt "enough is enough" behavior, in many many ways. Is that too much to ask of human nature? Unfortunately, yes.
The liferaft to me is the bitcoin consciousness (ie the collective idea of it and the repercussions on human incentives by its existence). You have the right view of what is needed and I can say the answer is in bitcoin alone but you have to do the work to reach clarity (imo). Cannot stress enough the importance of understanding all the incentives Bitcoin provides for. Any other idea we may have that is not economic or not based in truth and technology (ie some government/narrative/cooperative scheme) will not work because it’s not incorruptible therefore not sustainable or agreeable to all humans. Keep looking at the bitcoin idea man, imagine what it can be and what you/we can do with it. See if you have an alternative, it’s a good exercise. I have hope/bitcoin :)
@@gdcolwell Bitcoin is in the liferaft, one of the positive actors. Twitter is in the liferaft too. Positive, negative, or inconsequential? (I don't use it, so I don't know...) Elon and his deadweight dogecoin is in the raft too...
The podcast name should've stayed What Bitcoin Did, adding "With Peter McCormack" just unnecessarily lengthens the name and just makes it a lot less exciting. its obviously by you, there is no one else with such a title but by doing this you are opening the door for others to do a "What Bitcoin Did with $Variable $Name" , old name is good, we all know who you are peter, you dont need to add that. infact, copyright that name, scale your show with shorter more catchy stuff not longer. Love the show, great guests, just a note.
I appreciate feedback. I did this as a lot of other podcasts list the guests name as it helps with search and new listeners. Can I ask where it displays this for you and ruins the experience?
True lie detector technology would not just be used to detect dishonesty, but disobedience. The ability to detect 'honesty' is also be the ability to violate minds.
Excellent Peter! As Jeff mentioned, you are not dumb and your focus has and continues to have a wonderful impact. Thank you so much for your contributions to the community that we love.
Love thes guys! Audio game is 🔥🔥 too. Great job, Mr. Producer!
ok, now we're talking! This is what I was waiting for! Awesome!!
Excellent discussion guys! Thanks for hosting Peter. I just noticed Schiff under the table at 39:05. I love the discussions over Bitcoin, Freedom, adoption and the allowance from certain power structures.
Keep doing what you're doing. You have great content with wonderful people providing positive uplifting conversations about solutions to a crumbling world.
Great episode. Should have been 2 parts! Jeff still has my favorite Bitcoin book out there, with hardly a mention of Bitcoin!
Tremendous episode! Thank you Peter
Fantastic episode. Ty to you and these guests!
Jeff Booth💫🌎💙
Thank you so much for these eye opening podcasts !
High quality guests. That is very 👍🏻
Very good episode. Thanks Peter!
Your show has matured. Much better these days - way more professional and credible in a "bitcoin kinda way" - keep improving, keep informing!
Excellent conversation with great insights! Thanks for spreading the message 😀
Telling people they cannot learn from certain experiences - provided those experiences are not IMPOSED upon them - is censorship. Censorship is violence.
500 + still going strong. Bravo Peter. 👏
Great conversation!
Incredible episode. Crazy smart, those two.
Thanks for sharing! Nice video dude, a lot of valuable things here
51:00 I don't understand. Please explain why Bitcoin incentivizes politicians to not lie? Is that within the context of monetary policy only?
Brilliant interview as usual!
Have you guys considered having Jeff Snider from Alhambra Investments on to talk about the euro-dollar system?
I bet that would be an interesting discussion.
Thank you!
Fantastic episode.
Great episode! Many people don’t realize that much of the poverty and suffering in Central America was caused by American imperialism where the American ruling class has systematically destroyed Honduras, Guatemala and El Salvador for over a century, exploiting the natural resources, exploiting the labour of the working class, and backing governments that bankrupted the public treasury. It’s a vicious cycle that needs new solutions and hopefully Bitcoin can provide a new way forward for people. Also the gangs in El Salvador originated in Los Angeles and then spread back to El Salvador.
Here is another decent perspective on El Salvador - th-cam.com/video/0jxvpoRgv8g/w-d-xo.html
I speak as someone who has only seen a few dozen videos on this channel and will be staying around. Might it be worth mentioning the date each show was recorded in the notes? Sometimes you talk about "when this show goes out", and I always wonder. Much love.
Forget it man... I've said it many times, they never include the date on any of them...
I can only imagine it must be very difficult to do, because in general these guys do try to please the audience. So if they haven't done it, it must be some harder technical thing, or maybe their intention is to make them "timeless"?? Who knows, but most of the shows are great.
Definitely take the time to watch this :) nice recovery Peter.
Jeff gets it.
Booth!
Jeff Booth = click
Sold my car. Buying the dip.
Few understand. 🇳🇱
They are blessed and privileged. Ruuuuuun!
So great
PLEASE, PLEASE… It’s SO HARD to hear all this and have it ‘register’ when Bitcoin’s price is plummeting. It’s making the ‘sale’ of the idea of Bitcoin as a future salvation an extremely difficult sale. Please address a counter point to this issue - ON EVERY PODCAST. I need help convincing my friends not only to buy BTC, but trying to convince them I’m not crazy for buying BTC myself.
"When in doubt, zoom out". Bonds, equities, alt-coins, BTC all plummeting given the macro environment. Learn the fundamentals of MMT (Modern Mentary Theory) , it's history and where it takes us, then learn BTC. Once you know the fundamentals you will understand. Look long term... :-)
The price of Bitcoin does not mean anything in the short term and has nothing to do with the ethos behind it. The price is driven by investors and does not reflect the fundamentals of bitcoin.
@S Gary That should be fairly evident. I’m telling all my friends to buy Bitcoin and they all say, “Why, it’s dropped from $68k to $30k. Why the hell would I buy it?” It’s not easy to convince them it’s going up anytime soon.
@@sandymilne224 Short term volatility is the price you pay for the long term lessons and financial returns Bitcoin gives you. Maybe your friends aren’t ready to follow you down the Bitcoin rabbit hole yet, but they’ll be interested when the price starts to go up again.
2:00
Exactly... people all over the world have same or very similar hopes and dreams, that is why I hate it when they say "the American dream", I mean, WTF is that all about. Do they really think all other peoples don't want THAT same thing?? It may be that they just repeat what they hear from childhood, like lifting that finger at sporting events saying "America" is number one, and they haven't ever been outside the country!!
Bitcoin in a way is like “Gort” the humanoid robot in the movie The Day the Earth Stood Still.
It’s a system based on independent program that takes away trust and temptation.
Don’t mind me I’m smoking a joint 😉
Less hill more booth
Read The Price of Tomorrow and agree with Jeffs thesis about possible outcomes of the current monetary system. To put it briefly the only viable option for the Central Banks / Governments is to monetize the debt since the other choices are unfavourable to administration. Longterm the game theory at play says Bitcoin wins, unless the underlying technology is corrupted (which seems unlikely).
Doja coin and dodge coin lmao. Fits in perfectly with Ethernet and solano hehehe
Another thing he does not speak about is how corrupt union leaders can be used to undermine a company. The competition can use money to cripple your company using that channel.
It's ironic that a Sovereign Individual would be anti abortion. My body my business. Just as an anti vac passport mandate type would be okay with the state deciding whether one begins a family or not. Sounds compassionate couched as Pro Life but the reality is otherwise.
'The Blockchain is objective truth we can rely on.' Austin Hill 2022
Can you please change the TH-cam avatar back to the pink lightning bolt.
No, I like my face.
16:00 Jeff crusher this! Wow I tell u, u don’t hear many white guys speak like this. Very educated man. Love this dude more and more. ✌️
speak like what? the necesary mainstreams cult narrative? its obviously by no coincidence that theres never been a single remotely near to any first world country in african history. humans are different, brains are different.
and unfortunately for the africa situation, lQ correlates extremely strong with wealth and prosperity of humans
Good points, but let me ask:
a) Who is in "the liferaft"? (Who is everyone?) b) What is "the liferaft"? (the economy? human society? the world?)
Bitcoin is better money, a better tool, but if the liferaft is the world and "the sailors" are all sentient beings, then bitcoin ain't important.
I do love bitcoin, but a fundamental change in human nature is needed - and that ain't gonna happen until the liferaft becomes unlivable for us. The world itself (the liferaft itself) will still be around, for the next ecological experiment... We humans, including the big hodlers (M. Saylor, etc.), need to adopt "enough is enough" behavior, in many many ways. Is that too much to ask of human nature? Unfortunately, yes.
Bitcoin is the life raft.
The liferaft to me is the bitcoin consciousness (ie the collective idea of it and the repercussions on human incentives by its existence).
You have the right view of what is needed and I can say the answer is in bitcoin alone but you have to do the work to reach clarity (imo). Cannot stress enough the importance of understanding all the incentives Bitcoin provides for. Any other idea we may have that is not economic or not based in truth and technology (ie some government/narrative/cooperative scheme) will not work because it’s not incorruptible therefore not sustainable or agreeable to all humans.
Keep looking at the bitcoin idea man, imagine what it can be and what you/we can do with it. See if you have an alternative, it’s a good exercise. I have hope/bitcoin :)
@@gdcolwell Bitcoin is in the liferaft, one of the positive actors.
Twitter is in the liferaft too. Positive, negative, or inconsequential? (I don't use it, so I don't know...)
Elon and his deadweight dogecoin is in the raft too...
Move the mic so its not over jeffs face
video guy needs to work on his focus points and aperture settings.
"Democracy"?
The US is a constitutional republic.
Big, big difference.
The podcast name should've stayed What Bitcoin Did, adding "With Peter McCormack" just unnecessarily lengthens the name and just makes it a lot less exciting. its obviously by you, there is no one else with such a title but by doing this you are opening the door for others to do a "What Bitcoin Did with $Variable $Name" , old name is good, we all know who you are peter, you dont need to add that. infact, copyright that name, scale your show with shorter more catchy stuff not longer. Love the show, great guests, just a note.
I appreciate feedback. I did this as a lot of other podcasts list the guests name as it helps with search and new listeners. Can I ask where it displays this for you and ruins the experience?
True lie detector technology would not just be used to detect dishonesty, but disobedience. The ability to detect 'honesty' is also be the ability to violate minds.
Monero is King
Lol, Austin got some massive legs there :D
Good interview despite opening with a fart.
Any "bitcoiners" with a fiance is not a bitcoiner. No I won't explain.
Bye bye bitcoin
With the crypto crash lately, this video helps
Am curious to hear what Jeff had to say - he kept stinking his finger up.
Robots on Mars with human consciousness….. FFS. It must be hard doing 2/3 pods a week on BTC but I turned it off at that point.
“Freedom means you can say mean jokes about politicians” okay, now do jews, and see what happens.
Ugh the blockstream guy...
Jeff has that power spread. 🦵🦵