What Bitcoin Did

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WBD: Live in Nashville with Preston Pysh & Marty Bent

Peter McCormack

Interview | Description | Timestamps | Show Notes

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WBD: Live in Nashville with Preston Pysh & Marty Bent - WBD407 Peter McCormack

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Location: Nashville, TN
Date: Thursday 30th September
Company/project: The Investors Podcast & Great American Mining & TFTC
Role: Host & Director of Business Development & Host

2021 has been a year of significant disruption. Trillions in deficit spending are ongoing. Many countries are experiencing the highest consumer inflation seen in decades, while assets and commodities prices have soared at a phenomenal rate.

Meanwhile, China kicked half of Bitcoin’s hashrate offline by instituting a country-wide ban on mining. However, the Bitcoin network has demonstrated its antifragility as thousands of ASIC machines migrate to other countries and come back online.

While many Bitcoin naysayers have lambasted the energy use of Bitcoin’s mining industry as being environmentally unfriendly, mining is driving more efficient use of low-cost, renewable, and otherwise wasted energy sources.

In a world that is full of distortions, is Bitcoin the answer to society’s problems?

In this live interview, I talk to Preston Pysh, the host of The Investor Podcast, and Marty Bent from Tales From the Crypt and Great American Mining. We discuss rising inflation, why bitcoin mining is good for global energy use, and why bitcoin is this answer to many problems.

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00:03:50: Introductions
00:04:10: Inflation
00:11:53: Energy crisis
00:15:30: The ESG narrative
00:21:44: China and the Evergrande situation
00:27:35: Mining
00:38:36: El Salvador adoption and Lightning
00:46:55: Open Q&A session…
00:47:00: Q1: Bitcoin and the global reserve currency
00:50:53: Q2: US disadvantaged due to the dollar's global status
00:55:34: Q3: Long-term future of Bitcoin and the hash rate
00:58:46: Q4: Why Bitcoin is important
01:06:14: Q5: Afghanistan's impact on the dollar
01:16:53: Q6: Podcast stand-out guests
01:21:28: Q7: Traditional finance sector and Bitcoin
01:27:51: Q8: Bitcoin ETF
01:32:18: Q9: Market cap predictions
01:37:23: Q10: States' race for mining and global coin distribution
01:43:10: Q11: Pros and cons of IRAs
01:46:55: Final comments

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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

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