Gradually then Suddenly Pt 4: Bitcoin & The Money Printer with Parker Lewis
SHOW NOTES:https://www.whatbitcoindid.com/podcast/gradually-then-suddenly-pt-4-bitcoin-the-money-printerIn 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.THIS EPISODE’S SPONSORS:Gemini - https://www.gemini.com/BlockFi - https://blockfi.com/?ref=f0fdce00 Sportsbet.io - https://sportsbet.io/?ref=wbdCasa - https://keys.casa/?pk_campaign=wbd-yearly-sponsor&pk_medium=sponsorship&pk_source=what-bitcoin-didExodus - https://www.exodus.io/Ledger - https://www.ledger.com/Revolut - https://www.revolut.com/wbdTIMESTAMPS:00:00:00 Introduction00:03:59 Societal fray00:09:41 Inequality and Imbalance00:19:22 False price signals00:28:35 Short term tradeoffs00:41:51 Kicking the can00:46:47 Gaming out adoption01:00:04 Bitcoin fixes this01:06:20 Selling Bitcoin?WHERE TO FIND THE SHOW:→ My website: https://www.whatbitcoindid.com/podcast/→ iTunes: https://apple.co/2OOlzVV→ Spotify: https://spoti.fi/2ygc4W1→ Stitcher: https://bit.ly/2IQO8fX→ SoundCloud: https://bit.ly/2CGSVQR→ YouTube: https://bit.ly/3nyi9Ez→ TuneIn: https://bit.ly/2ywystrLISTEN TO OLD EPISODES:→ By guest: https://www.whatbitcoindid.com/guests/→ By topic: https://www.whatbitcoindid.com/topics/→ Transcriptions: https://www.whatbitcoindid.com/transcriptions/SUPPORT THE SHOW:→ https://www.whatbitcoindid.com/sponsorship/→ Become a Patron: https://www.patreon.com/whatbitcoindid/→ Subscribe on iTunes→ Leave a review on iTunes→ Share the show out with your friends and family on social media→ Drop me a line on [email protected] TO FOLLOW ME:→ Twitter: https://twitter.com/whatbitcoindid/→ Medium: https://medium.com/@whatbitcoindid/→ Instagram: http://instagram.com/whatbitcoindid/→ Facebook: https://www.facebook.com/whatbitcoindid/→ YouTube: https://www.youtube.com/whatbitcoindidpodcast→ Website: https://www.whatbitcoindid.com/→ Email list: https://www.whatbitcoindid.com/subscribe/LEARN ABOUT BITCOIN:→ Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide→ Training: https://www.whatbitcoindid.com/training/→ Resources: https://www.whatbitcoindid.com/resources/****“The Central Bank can control the supply of its currency; it cannot make people value it. And, if I know that the central bank can print trillions of dollars at zero cost, I will stop valuing that, as will everyone.”— Parker LewisLocation: Houston, TXDate: Thursday 25th AugustCompany: Unchained CapitalRole: Head of Business DevelopmentIn 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.