What Bitcoin Did

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Gradually then Suddenly Pt 4: Bitcoin & The Money Printer with Parker Lewis

Peter McCormack

Interview | Description | Timestamps | Show Notes

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Gradually then Suddenly Pt 4: Bitcoin & The Money Printer with Parker Lewis - WBD391 Peter McCormack

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Location: Houston, TX
Date: Thursday 25th August
Company: Unchained Capital
Role: Head of Business Development

In times of economic crisis, central banks have the power to step in and attempt to aid recovery by ‘printing’ dollars. When injected into the commercial banking system, these new dollars prevent an economic slowdown.

While this may sound like a favourable alternative to an economic slowdown and businesses failing, it is not without consequences.

Since the COVID-19 pandemic began, the U.S government has printed money at an accelerating pace, with analysts claiming that this is driving inflation.

In our economy, the central banks hold the ultimate power. They decide when they print money and how much. Bitcoin is different. With its fixed supply and controlled issuance, everyone on the network knows how many bitcoins are in circulation and the future issuance. It is the most inclusive and transparent monetary network ever to exist and the antithesis of central banking.

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the fraying of the fabric of society, money printing and the wealth gap and why politics are ineffectual. 

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00:04:08: Introductions
00:08:07: The money printer
00:13:47: Wealth inequality
00:18:33: The structure of the economy
00:23:30: False price signals
00:26:02: Money is ultimately an AB test
00:30:08: The trade-offs of the money printer
00:39:40: Impacts of the 2008 Financial Crisis
00:53:42: Gaming out adoption
01:02:21: El Salvador testbed
01:06:58: How the new world will look
01:13:13: Selling Bitcoin
01:25:29: Final comments

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