What Bitcoin Did with Peter McCormack
Business:Investing
“Those that don’t want issues focused on the money divide people to focus on other things…they don’t really care about any of these views, what they’re trying to do is sew chaos.”
— Lyn Alden
Lyn Alden is a macroeconomist and investment strategist, and Natalie Smolenski founded and leads the Texas Bitcoin Foundation. In this interview, we discuss the impact of digital currencies on government control, the breakdown of the US system of checks and balances, and the increasing influence of central governments. We also talk about the complexity of the monetary system, the current state of the financial system, and the future of Bitcoin.
- - - -
Lyn Alden and Natalue Smolenski are both acclaimed as peer leaders within their respective fields. I feel this is because they can provide engaging clarity to complex issues. However, I also feel that it is their ability to be authoritative, honest and calm, within an industry full of noise, miss truths and hidden agendas, that has led to them developing loyal followings. It was an honour to have these two heavyweights of the community coming together on the show.
Our conversation began with a discussion on the concept called the "narrow corridor of liberty," which Natalie explained as a theory describing the balance between the state and society in terms of technological advancements, and the race for liberty to stay ahead of tyranny. We then talked about how this applies to the race between Bitcoin and Central Bank Digital Currencies (CBDCs).
The conversation took a turn towards the challenges of explaining the upcoming financial challenges to friends and family, in the context of the need to rethink governance in a digital world to prevent excessive government control. The system of checks and balances in the United States has broken down, with laws now being made through federal agencies instead of Congress. These agencies are often not accountable to the American people.
Lyn talked about the correlation between the breakdown of the financial system and Increased government control. She emphasized the complexity and opacity of the money system, which fuels political polarization and distracts people from focusing on the real issues. Those in power may want to divert attention from the money system, whilst corporate interests have an undue influence on government decisions.
The need for reforms is readily apparent e.g. lobbyists' influence, Congress members trading stocks and the lack of term limits. But, the fundamental issue is the risks resulting from a concentration of power. Decentralisation is a bedrock of Bitcoin’s development, so there is real excitement that those pushing for change finally have a powerful tool with which to enact real and meaningful change. That is why Bitcoin has people of the calibre of Lyn and Natalie.
- - - -
This episode’s sponsors:
Iris Energy - Bitcoin Mining. Done Sustainably
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
Unchained - Secure your bitcoin with confidence
Orange Pill App - Stack friends who stack sats
-----
WBD725 - Show Notes
-----
If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you
Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube
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.
Bitcoin Mining Economics with Steve Barbour
RFK Jr on Media, US Debt & Bitcoin
Bitcoin on the Ballot with Vivek Ramaswamy
Milei's Argentine Revolution? With Stephan Livera
Macro, Fed Pivot & Bitcoin with Steven McClurg
Bitcoin for Banking Failures with Parker Lewis
Ensuring Bitcoin Wins with Lee Bratcher
Life Liberty & the Pursuit of Bitcoin with Robert Breedlove
Is the Bull Market Back? With Alex Thorn
Bitcoin’s Full Potential Value with Jesse Myers
Bitcoin vs the Infinite Money Printer with Luke Gromen
The Fight for Bitcoin Against CBDCs with Mark Moss
How Bitcoin Fights Tyranny with Erik Cason
The Economics of AI & Bitcoin Mining with Daniel Roberts
The Economic Impact of AI with Matthew Pines & Chester Ney
Bitcoin Financial Advice with Pierre & Morgen Rochard
Scaling Bitcoin with Christian Decker
Here Comes Bitcoin with Steve Lee & Haley Berkoe
Bitcoin Mining: Adapt or Die with Nick Hansen & Matthew Williams
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
The Tucker Carlson Show
U.S Property Podcast
Aligned Money Show
Dubai Property Podcast
The Ramsey Show