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Hyperbitcoinisation with Christian Keroles

Peter McCormack

Interview | Description | Timestamps | Show Notes

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Hyperbitcoinisation with Christian Keroles - WBD482 Peter McCormack

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Christian Keroles is Managing Director of Bitcoin Magazine. In this interview, we discuss hyperbitcoinisation as a zero-sum game and how that could lead to $26 million bitcoin.

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Hyperbitcoinization is a scenario where Bitcoin has achieved mass adoption: it is widely used as a medium of exchange, it is a store of value held by individuals and businesses, and it has become a primary global reserve currency. Essentially, it is a ubiquitous and dominant form of global money.

Over the last few years, a series of unprecedented global events has helped accelerate the adoption of Bitcoin. The pandemic gave rise to unsustainable monetary and fiscal policies that made the economic case for adoption by major institutions and a nation-state.

Now, in the shadow of the Candian trucker protests, where fears regarding the curtailment of individual freedoms were realised, and a new conflict in Europe may signal a reordering of the global monetary system, the political case for wider adoption of Bitcoin has been made.

We now live in a time when rather than being viewed as a wild abstract theory, hyperbitcoinisation is being contemplated as being a plausible culmination of ongoing trends. But what does this mean? What will the transition to a Bitcoin standard look like?

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00:04:08: Introductions
00:05:36: Understanding hyperbitcoinisation
00:14:59: Bitcoin brings hope in a chaotic fiat world
00:18:00: A binary outcome, and gold's place in hyperbitcoinisation
00:23:17: Automated vs manually-curated monetary policy
00:29:03: Bitcoin replacing the petrodollar
00:32:40: The transition to Bitcoin standard won't be smooth
00:35:37: The growth in El Salvador
00:44:15: Orange pilling the no-coiners
00:48:28: Put your Bitcoin stack in perspective
00:52:30: Hyperbitcoinisation downsides
00:55:41: Preparing for hyperbitcoinisation, CBDCs and digital dollars
01:03:49: Bitcoin's limited supply and spending it to change your life
01:09:29: Donating Bitcoin to support the community and projects
01:13:07: The future of the block reward, and scaling Bitcoin
01:17:13: Bitcoin Conference 2022
01:20:22: Final comments

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