What Bitcoin Did

View Original

From the Petrodollar to a Bitcoin Standard with Alex Gladstein & Nic Carter

Peter McCormack

Interview | Description | Timestamps | Show Notes

See this content in the original post

iTunes | Google | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed

Your browser doesn't support HTML5 audio

From the Petrodollar to a Bitcoin Standard with Alex Gladstein & Nic Carter - WBD353 Peter McCormack

Download Episode MP3 File
The file will open in a new window. Click down arrow to download the file.

See this content in the original post

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.

See this content in the original post

00:04:42: Introductions
00:05:21: Alex's petrodollar article
00:09:06: A brief monetary history from Nic Carter
00:13:07: The Triffin dilemma
00:17:35: The rise of OPEC and the petrodollar
00:25:03: The petrodollar vs Bitcoin
00:27:41: The impact of the petrodollar on US manufacturing
00:30:33: The petrodollar destabilises the Middle East
00:35:00: The importance of oil
00:46:18: Unwinding the petrodollar
00:51:19: Dollarised nations
00:54:36: Moving to a Bitcoin standard
00:57:18: The volatility issue
01:01:32: The world's reliance on fossil fuels
01:03:20: Energy FUD
01:08:38: Final comments


See this content in the original post

SUPPORT THE SHOW

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

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.

SPONSORS

See this content in the original post

Connect with Alex:

Connect with Nic:

Read the article:

Mentioned in the interview:

Other relevant WBD podcasts:

See this content in the original post