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The Road to Hyperbitcoinisation with Knut Svanholm

Peter McCormack

Interview | Description | Timestamps | Show Notes

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The Road to Hyperbitcoinisation with Knut Svanholm - WBD386 Peter McCormack

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Location: Remotely
Date: Wednesday 4th August
Role: Author

Hyperbitcoinisation is a belief that the current fiat monetary system is broken and a change is inevitable. Eventually, the hardest form of money will rise to the top and society will then adopt a Bitcoin standard, with Bitcoin as the world's dominant form of money and the base asset of the entire financial system.

While to some this might sound extreme, in just 12 years, Bitcoin has become a $900bn asset class, and El Salvador has recently become the first country to adopt it as legal tender. Meanwhile, fiat currencies are being debased at an unprecedented rate, and higher levels of inflation are flashing warning signals.

So what does the road to hyperbitcoinisation look like? And how does it impact society?

In this interview, I talk to bitcoin author Knut Svanholm. We discuss the road to hyperbitcoinisation and its impact on society, whether everything other than Bitcoin is a scam and why bitcoin's value always grows.

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00:02:35: Introductions
00:03:27: Exploring governance
00:13:32: J-shaped pricing
00:21:34: Hyperbitcoinisation for individuals
00:26:31: Bitcoin can't be stopped
00:31:59: Ethereum vs Bitcoin
00:36:07: Klepto-currencies and crapto-currencies
00:38:11: You can't re-discover of digital scarcity
00:43:02: Intentional or accidental scams
00:47:12: The value in stablecoins
00:55:37: Views on Bitcoin Cash
01:00:22: Tokens on Liquid
01:05:54: There will never be a better blockchain than Bitcoin
01:08:14: Knowing is owning
01:13:29: The transition to hyperbitcoinisation
01:20:45: Has Bitcoin changed you?
01:22:04: Sweden and lockdowns
01:24:23: Music and tattoos!
01:29:01: Final comments

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