WBD635 - Why Progressives Need #Bitcoin with @ktreywalsh. We discuss:
- Being a progressive #Bitcoiner
- Why young people feel hopeless
- Tax, spending & deficits
- What #Bitcoin Can Do for Gen Z
“We’ve politicised everything...For the left: what is their approach? For the right: what is their approach? And it’s because the political system is broken. And obviously, most of the listeners and we know it’s also the financial system is completely broken.”
— Trey Walsh
The Economic Report of the President (ERP) is the annual report by the Council of Economic Advisers.
It’s the first ERP since 2019 to mention #Bitcoin. Now it effectively has its own chapter.
It’s a hot mess. Strap in. 1/9
🤦♂️Intro kicks off with this 💩
To confirm #Bitcoin:
- has fundamental value as an asset & as tech
- is used in many places where fiat currencies fail
- provides 1.4 billion unbanked access to financial services
- enables quick, cheap, final settlement anywhere in the world 2/9
Report assets that #Bitcoin is an ineffective inflation hedge.
Misses the point: #Bitcoin is a hedge against money supply inflation (not supply-side lead inflation).
WBD634 - Bitcoin’s Operation Chokepoint with @DoombergT. We discuss:
- A growing cancer of corruption
- Crypto’s precedent - Operation Choke Point
- Why #Bitcoin will become a target
- The need for a bill of financial rights
“Ejection from the banking system can be random. Happens for political reasons...it’s more devastating than being on probation for having been convicted for something, because not being able to bank in 2023 is akin to not being able to function in society.”
— Doomberg
#Bitcoin miners supply high-paying jobs to areas hollowed by manufacturing exodus
“Majority of the mining projects in upstate New York, at least 11, are relying not on on-site gas turbines but the electric grid with a relatively clean mix upstate”
WBD584 - Finding Bitcoin Signal with @JeffBooth. We discuss:
- The blockchain trilemma
- Why inflation is theft
- Building a society based on truth
- #Bitcoin’s network effects
“Theft in money will divide us all, and that theft in money will take us likely to war and maybe the end of human species… or it will concentrate all control in very few super overlords... It’ll look like China’s social credit system on steroids.”
— Jeff Booth
“I think we can’t lose sight of what we’re really fighting for here, which is all of those people to be included in the financial system, financial privacy, the separation of money and state; these things are way bigger than any centralised exchange.”
— Jesse Powell
WBD558 - Can #Bitcoin Fix the Political System? With Logan Bolinger (@TheWhyOfFI). We discuss:
- Political incentives, polarisation & media bias
- Failure of trust in politics
- Monetary education: political elite
- Bitcoin’s promise of definancialisation whatbitcoindid.com/podcast/can-bi…
“Is the world that we want to live in, one where we need to hyperfinancialize every aspect of an individual’s life because financial conditions on a macro level are such that you have to finacialize your whole being in order to keep up or get ahead?”
— Logan Bolinger