Tim Craycroft
@hightraverse
@hightraverse liked

CLIP
Aug 2 2022 • 2m 18s

EPISODE
All Roads Lead to Bitcoin with Checkmate
“.1% to 1% is gargantuan numbers, just extraordinary numbers, if bitcoin does in fact achieve 1% balance sheet capacity everywhere…it makes a lot of sense, it’s the perfect currency to settle between enemies for oil, which creates enemies.”— CheckmateCheckmate is Glassnode’s Lead On-chain Analyst and creator of checkonchain. In this interview, we discuss Bitcoin investing and market analysis, Bitcoin as a hedge against inflation and housing market bubbles, the current economic situation, the potential future role of Bitcoin as a settlement currency for nation-states, and the power and unstoppable nature of Bitcoin.- - - - Checkmate is one of the best on-chain analysts, leading Glassnode’s on-chain research and data analysis, and also creating checkonchain to provide a suite of Bitcoin on-chain charts. This show’s discussion therefore focused on the Bitcoin market and trends, including the impacts of Luna and FTX on market sentiment. We also delved into the concept of profit and how it can be measured, and the importance of understanding market indicators and making informed decisions.Our conversation also took in the macroeconomic situation. We discussed the housing market and the potential risks involved in buying a house. We discussed the high ratio of median house prices to median income in Australia, Canada, and New Zealand, referring to it as a "Ponzi scheme." We also considered the current economic situation: its challenges and the need for individuals to be aware of how the system works.Specifically, people need to be aware of the impact of inflation and taxes on their finances. Whilst Bitcoin is a hedge for some, others feel the need to speculate and gamble on markets in the fiat system. Argentina is a valuable example in this context, as Argentinians need to manage their money in the face of triple-digit inflation. As people’s wealth can rapidly evaporate in such circumstances, it brings into sharp relief the concept of money as a proxy for time. Towards the end of our conversation, we talked about the power and unstoppable nature of Bitcoin: Bitcoin's design assumes human greed and self-interest, which makes it a powerful and unstoppable organism. Checkmate also provided his opinion on the potential future role of Bitcoin as a settlement currency for nation-states, speculating that nation-states may start testing Bitcoin as a liquid layer on top of their gold reserves, driven by the involvement of oil producers.- - - - This episode’s sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Bitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultUnchained - Secure your bitcoin with confidenceOrange Pill App - Stack friends who stack sats-----WBD712 - 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 contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf 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.
20 Sep • 1hr 58m

EPISODE
Episode #138 - Caitlin Long and Plumbing the Depths of the Eurodollar
Long-time Bitcoin advocate and Wall St. vetern Caitlin Long joins me for one of my favorite conversations in the history of this podcast. We try to come to grips with contradictory behavior from the Federal Reserve and the reasons why these moments are so critical to the future of not just money but humanity itself.Show Notes:Caitlin on TwitterCustodia BankCaitlin's WebsiteLuongo: Crypto Liquidity and the Lifecycle of Ponzi SchemesLuongo: FDIC Insurance, Credit Suisse and the Day the Fed Killed EuropeGGnG Podcast: Ep#133 Danielle Dimartino Booth
8 Apr • 1hr 42m

EPISODE
BR028 - Specter, Zeus, BTC Pay Server, Alby, LDK Roadmap + MORE ft. Bumi, Vivek & Guy Swann
I'm joined by guests Bumi, Vivek & Guy Swann to go through the list.
Housekeeping
00:02:02 Vivek joins Coinkite
00:02:07 Coinkite workshops at Bitcoin Park
00:02:14 COLDCARD + TAPSIGNER available at Bitcoin Park
00:02:20 Q1 reservation date revealed (around Q4)
00:02:36 SATSCHIP 50% off
00:02:41 checkmsg.org updated
00:02:48 Coinkite gift cards now available on Oshi app
00:02:52 Nunchuk partnership announcement
Software Releases & Project Updates
Hacks & vulnerability disclosures:
00:02:56 @emzy gets SeedSigner to log seed to SD with 6 lines of code
Bitcoin:
00:05:13 Specter Desktop v2.0.0
00:10:52 Liana v0.3
00:12:00 Zeus v0.7.3
00:18:48 Nunchuk iOS v1.9.22
00:19:23 BTC Pay Server v1.8.0
00:26:57 MyNode v0.3.11
00:30:48 Keeper 1.0.2
00:31:44 Robosats v0.4.1-alpha
00:33:15 Orange Pill App v1.1.5
00:39:21 Blockstream Green Android v4.0.0
Lightning:
00:40:25 Alby v1.28.0
00:50:01 LDK Roadmap
00:52:58 Bitcoin Tribe v2.1.4
00:54:04 Rust Lightning v0.0.114
00:54:18 lnbits [Yvette]
00:55:25 Core Lightning v23.02
00:58:15 Fountain v0.6.5
01:01:04 LND v0.16.0
Nostr:
01:11:25 Damus v1.1.0-10
01:11:45 Nosotros v0.3.1.6-alpha
01:11:53 Primal.net Nostr Client Launch
01:12:18 Nostore
01:12:29 Gossip
Boosts
01:13:57 Thanks to everyone who streamed sats, and shoutout to our top boosters: @apemithrandir, @hiro, @teejem, @bloggingbitcoin, @kepford
Project spotlight
01:14:52 Cashu redeem app
01:17:38 Blogstack
01:18:23 Zaplife
01:18:31 Amethyst
01:18:35 LNnodeinsight
01:18:47 LNCal
01:19:22 BitcoinSearch.xyz
01:19:32 Bitcoin Jungle
01:21:48 BitcoinEvents.org
Bitcoin Optech Newsletter
01:22:22 [240]
01:23:21 [241]
News & Noteworthy
Good reads:
01:29:33 Bitcoin Zeigest - Anthony Towns
01:29:56 Lyn Alden - March 2023 Newsletter: A Look at Bank Solvency
01:30:05 Guy's Reads: Protocols, Not Platforms, How Many Bitcoin Confirmations is Enough?, Bitcoin: A Game-Theoretic Analysis
Innovation:
01:33:13 Block: Helping customers move between fiat and bitcoin
01:33:25 Jack Dorsey’s Block Announces MDK
01:33:42 Wallet Interfaces/APIs
Lightning & L2:
01:35:16 Jack Dorsey announces new LSP
01:35:28 Voltage introduces Flow 2.0
01:35:41 BoltObserver announced support for Core Lightning in LiquidOps
01:35:47 Mastering the Lightning Network is now free
Mining:
01:36:08 First nuclear-powered Bitcoin mine goes online in Pennsylvania
Adoption:
01:36:17 Local public transport temporarily accepts Bitcoin lightning payments in Sweden
01:36:25 Settle Up Adds Lightning Support
01:36:31 Xapo becomes the first bank to offer #LightningNetwork payments
01:36:36 Baseball Fans Can Now Instantly Receive Bitcoin After Perth Heat’s Most Exciting Plays
Funding:
01:36:44 Geyser Grants Round 2 winners announced
01:36:58 Relai Raises $4.5 Million
Finance:
01:37:07 Traditional Finance Meltdown, Bitcoin Boom!
Events
01:37:40 Nostrica
01:38:15 Northern Lightning Conference Announced - March 17-19 in Bergen, Norway
01:38:25 Nostr hackathon
01:38:30 Bitcoinevents.org revamped & new events added
Audience Questions
01:38:40 Question for Bumi: According to Alby Buzz, "Alby builds on the same infrastructure interface as BlueWallet, namely LndHub". Now that LndHub is sunsetting, how with this affect Alby and what do users need to be aware of?
Shoutouts
BISQ is looking for people from Nigeria to help kickstart the NGN/BTC market on Bisq Market Day
Receiving Self-Sovereign Zaps in 15 minutes - Article by sovrnbitcoiner
Bitcoin Optech Podcast
Links & Contacts
Website: https://bitcoin.review/Podcast
Twitter: https://twitter.com/bitcoinreviewhq
NVK Twitter: https://twitter.com/nvk
Telegram: https://t.me/BitcoinReviewPod
Email: producer@coinkite.com
Nostr & LN:⚡nvk@nvk.org (not an email!)
Full show notes: https://bitcoin.review/podcast/episode-28/
16 Mar • 1hr 42m

EPISODE
2023 Bitcoin & Macro Outlook with Lyn Alden
“If you have a recession, and you print a tonne of money and throw stimulus at it, you can get out of that recession quicker. But then you’ve done it at the cost of higher debt, and then potentially for a more inflationary rebound in the future, which then you have to then raise rates very quickly and potentially put yourself into another recession. And so there are levers you can pull, but every lever has a cost associated with it.”— Lyn AldenLyn Alden is a macroeconomist and investment strategist. In this interview, we look forward to 2023: what’s happening to Japan and China’s economies, whether we are entering a recession, and how will investments, including Bitcoin, perform over the next year? - - - - 2022 was when chickens came home to roost. Over 70 years of relative peace across Europe had lured politicians into a false sense of security allowing cold pragmatism to supplant ideology. Then Russia invaded Ukraine, and the wisdom of assimilating energy markets across the old iron curtain was brought into sharp relief. China sent equally belligerent signals to the west. In short order, retreat and resilience have replaced cooperation and efficiency.Assumed certainties that had driven the world economy for generations dissipated in real-time. The economic impact was sudden: stressed supply chains, shortages of goods across all sectors, and dramatic changes in inflation. Excessive sovereign debt has limited governments’ options. We’re now in the central bankers' worst-case scenario: high inflation, high debt, and low growth. Advanced countries like Japan are now on the ropes. A global recession is looming.So, how does one prepare for 2023? Where should we put our money? According to Lyn Alden, it’s far from easy to navigate this market. When a preeminent investment strategist talks of minimising losses you know that we’re in unfamiliar territory. And yet, there are still reasons not to lose hope. The world didn’t collapse in 2022. China’s economy should rebound.It will take time for the world to reorder itself to the new rules of the game. Onshoring and durability are going to require significant investment. Debt levels make it harder to source the funds required. At the same time, we’re in a period of stagnation with potential volatility at given moments. Governments will have to chart a steady course through choppy waters. Investors will need to keep a close eye on markets and know where the lifeboats are. - - - - This episode’s sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is hereFidelity - Careers in cryptoLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultBCB Group - Global digital financial Services-----WBD600 - 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 contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf 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.
3 Jan • 1hr 12m

EPISODE
BR015 - Lightning Panel: LND/Acinq/CLN, Splices, Cashu/eCash +MORE ft. Calle, Roy, Rijndael, t-bast
I'm joined by guests Calle, Roy, Rijndael & t-bast to discuss Bitcoin lightning.
Discussion Topics
00:04:08 Lightning implementations
00:11:04 LN URL
00:14:45 Protocols and different implementations
00:19:10 Wallet interaction with base chain
00:25:41 Splicing
00:34:26:06 Cost of liquidity and opening/closing channels
00:39:07 Monetization
00:49:12 Compatability and LSPs
00:56:08 Incentives to monopolize
01:04:43 Attacks on lightning
01:10:20 Cashu & eCash
01:41:42 Competing L2s and alternative lightning networks
01:44:19 Security
Links & Contacts:
Website: https://bitcoin.review/Podcast
Twitter: https://twitter.com/bitcoinreviewhq
NVK Twitter: https://twitter.com/nvk
Telegram: https://t.me/BitcoinReviewPod
Email: producer@coinkite.com
Nostr & LN:⚡nvk@nvk.org (not an email!)
Full show notes: https://bitcoin.review/podcast/episode-15/
23 Dec • 2hr 9m

EPISODE
@Saylor - The Year In Review 2022 In #bitcoin. #309
BTC $ 16,850
Block Height 768,255
Today's guest on the show is @Saylor who joins me to look at what happened in the world of #bitcoin in 2022.
What are the high points, what were the low points and what was ultimately learned?
How do we move forward in the coming decades and should we Orange Pill Katy Perry?
How does @saylor see Nation States, small countries or autonomous zones plugging into #bitcoin and why is education so important?
ALL LINKS HERE - https://linktr.ee/princey21m - GET UP IN MY LINKTREE IF YOU WANT TO OFFER PLEBS DISCOUNTS!
Pleb Service Announcement.
@orangepillapp
That’s it, that’s the announcement.
Thank you:
@coincorner @swanbitcoin @relai_app @ShiftCryptoHQ @wasabiwallet @hodlhodl for your trust and support.
Support the pods via @fountain_app https://play.fountain.fm/show/2oJTnUm5VKs3xmSVdf5n
Shills and Mench’s:
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SATSBACK - Shop online and earn back sats! https://satsback.com/register/5AxjyPRZV8PNJGlM
UNGOVERNABLE MISFITS - Radical uncensored streetwear - https://ungovernablemisfits.com/?um=bitten Use code ‘bitten’ for your 10% discount.
KONSENSUS NETWORK - Buy bitcoin books in different languages. Use code bitten for 10% discount -https://konsensus.network?ref=bitten
20 Dec • 2hr 8m
@hightraverse liked
@barnminer
commented
nice 50 min commercial. i stopped at 5. i get u got to make that money. not listening to this one thouh. maube next episode

EPISODE
BTC108: Bitcoin Retirement and Inheritance Planning w/ Jeff Vandrew and Phil Geiger (Bitcoin Podcast)
IN THIS EPISODE, YOU’LL LEARN:01:07 - What has been happening at Unchained Capital since the FTX blow-up?07:13 - What are some of the most common concerns of Self-Custody?12:47 - Why is Title and Possession such an important thing to cover with inheritance planning?22:43 - The difference between non-probate assets versus probate assets.28:38 - What are the risks of not properly performing inheritance planning?30:15 - Checkbook IRA versus other methods.39:59 - Legal and policy update after the FTX situation.01:01:37 - Biggest mistakes people make in inheritance planning.Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.BOOKS AND RESOURCESUnchained Capital.Information on the The McNulty Case.Jeff Vandrew's Twitter.Phil Geiger's Twitter.Related Episode: Bitcoin Retirement Planning & Self Custody w/ Parker Lewis & Jeff Vandrew - BTC069.NEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet position and investment info for nearly 6,000 Asset Management Companies with Moomoo, Australia’s first A.I. powered trading platform. Sign up and fund your moomoo account before October 31 and get $10 for every $100 you deposit. All investment carries risk. AFSL 224 663. T&Cs apply.A gourmet gift from Omaha Steaks is a gift from the heart – a gift your family and friends will surely remember with every unforgettable bite. Use promo code WSB at checkout to get $30 OFF your order.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.If you’re a sales professional, get every real time advantage you can get with Sales Navigator. Enjoy 60 days of free trial today.Invest in high-quality, cash-flowing real estate without all of the hassle with Passive Investing.Have gold and silver shipped directly to your door for you to hold at your home. Get BullionMax’s Gold Investor Kit today - 3 ounces of the world’s most desirable gold coins, including the Gold American Eagle and Canadian Maple Leaf.More wealth, more purpose, or making more of a difference? Commonwealth Private helps you create more of yours - with exceptional service and experts who meticulously tailor opportunities for you.Monitor your recovery, sleep, training, and health, with personalized recommendations and coaching feedback with WHOOP. Use code WSB to save 10% off your order today.In a world of probabilities, trade the possibilities with Pepperstone.Ship with FedEx and be ready for this holiday season with picture proof of delivery.If you’re aware you need to improve your bitcoin security but have been putting it off, Unchained Capital's Concierge Onboarding is a simple way to get started—sooner rather than later. Book your onboarding today and at checkout, get $50 off with the promo code FUNDAMENTALS.Enjoy 10% off your first booking in Viator’s world of over 300,000 experiences you’ll remember. Download the Viator app now and use code VIATOR10.Guess less and sell more with the Number 1 email marketing and automation brand, Intuit Mailchimp.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
14 Dec • 1hr 1m

EPISODE
CD83: Good Morning with Jason Wrich, Cole Bolton, and Texas Slim of the Beef Initiative
support dispatch: https://geyser.fund/project/citadel
EPISODE: 83
BLOCK: 766784
PRICE: 5832 sats per dollar
TOPICS: freedom vs convenience, education + tools, sovereign ranchers, market access, playing the game without getting captured by the game
GUESTS: @moderntman, @jasonwrich, and @kandccattle
twitch: https://twitch.tv/citadeldispatch
youtube: https://www.youtube.com/@citadeldispatch
bitcointv: https://bitcointv.com/video-channels/citadeldispatch/videos
podcast: https://www.podpage.com/citadeldispatch
telegram: https://t.me/citadeldispatch
stream sats to the show: https://www.fountain.fm/
join the chat: https://matrix.to/#/#citadeldispatch:bitcoin.kyoto
10 Dec • 1hr 17m

EPISODE
BR012 - Bitcoin Core, Mutiny Wallet, Core LN, Casa goes ETH & MORE ft. BentheCarman & Bitcoin Gandalf
I'm joined by guests BentheCarman & Bitcoin Gandalf.
Housekeeping
00:01:55 BinaryWatch is live! Follow the bot.
00:08:36 V4V (We're converts!)
00:09:26 Coinkite updates
Software Releases & Project Updates
00:10:20 Bitcoin Core version 24.0
00:26:59 Sparrow 1.7.1
00:28:56 Libwally Swift v0.0.7
00:30:11 BTC Pay Server 1.7.0
00:31:48 Fully Noded: The #nostrnode Tesftflight
00:32:09 lnd v0.15.5-beta
00:33:50 Core Lightning v22.11
00:46:11 BlueWallet LDK
00:46:29 eclair-v0.8.0
00:48:25 The Mempool Open Source Project™ v2.4.0
00:51:30 The Bitcoin Company adds support for on-chain payments
00:53:30 LiquidOps beta release
00:53:45 BDK 0.25.0
Project spotlight
00:54:57 SatsCrap
00:57:11 Hoseki Proof of Reserves
00:58:18 Satimoto
00:59:03 smartino
00:59:53 Mutiny Wallet
01:02:02 Wavlake
Boosts
01:02:28 Thanks to everyone who streamed sats, and shoutout to our top boosters petar, vake, apemithrandir, adamcurry, pablof7z, yaeloss, ahanniga, nomadjoe & wolfbearclaw.
Noteworthy
01:05:16 Benthecarmen got a lightning node running inside a phone's browser
01:05:40 Bahamas regulator confirms FTX asset seizure after hack accusation
01:09:26 Genesis Balance Sheet Reveals Web of Loans Across Silbert Empire
01:14:24 Questions over El Salvador Bitcoin transparency
01:16:01 Tornado Cash Developer Alexey Pertsev to Remain in Jail Until at Least Late February
01:16:07 Casa Supports Ethereum
01:22:52 Coinbase delists BCH, ETC, XLM & XRP
01:26:07 Blockstream launches bol2
01:27:52 Kids in El Salvador turning coins into sats
01:29:35 200,000 Bitcoin removed from exchanges in the last 30 days
01:29:54 Strike offers cross-border payments to Africans in Nigeria, Ghana, and Kenya
01:30:09 New Communication Protocol “Ibex” and Extended Protocol Suite
01:31:40 Chat GPT
Audience Questions
01:36:04 M0rry
01:39:27 STACK TO THE FUTURE
01:40:13 M0rry
Shoutouts
01:42:38 Phoenix
Competitions
Legends of Lightning (Winner: LightSats, Runners Up: Mutiny & Saving Satoshi)
Events
01:43:01 Upcoming Events
Episode submission ideas
We're looking for ideas for interesting panel conversations. To send Bitcoin related questions, just go to bitcoin.review and click submit story at the top right.
Links & Contacts:
Website: https://bitcoin.review/Podcast
Twitter: https://twitter.com/bitcoinreviewhq
NVK Twitter: https://twitter.com/nvk
Telegram: https://t.me/BitcoinReviewPod
Email: producer@coinkite.com
Nostr & LN:⚡nvk@nvk.org (not an email!)
Full show notes: https://bitcoin.review/podcast/episode-12/
8 Dec • 1hr 48m

EPISODE
#376: The Texas Hedge with Parker Lewis
Join Marty as he sits down with Parker Lewis to discuss the fallout of the FTX collapse.
Follow Parker on Twitter
Parker's article
Shoutout to our sponsors:
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TFTC Merch is Available:
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Join the TFTC Movement:
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Podcast
Nov 19 2022 • 59m

EPISODE
SLP433 v2 P2P Transport Protocol for Bitcoin Core (BIP324) with Pieter Wuille Dhruv and Tim Ruffing
Dhruv, Pieter Wuille and Tim Ruffing join me on the show to talk about their project to bring encryption to Bitcoin Core. We discuss:
What the current state of things is
Packet inspection and making bitcoin slightly more private
The new proposal for encryption
Impact on nodes
Feedback wanted
Links:
BIP324: Enable v2 P2P encrypted transport #24545
https://github.com/dhruv/bips/blob/bip324/bip-0324.mediawiki
Site: Bip324.com
Twitter: @dhruv
Twitter: @pwuille
Twitter: @real_or_random
Sponsors:
Swan Bitcoin
Mempool.space
Unchained Capital (code LIVERA)
CoinKite.com(code LIVERA)
Blockstream.com
Stephan Livera links:
Follow me on Twitter @stephanlivera
Subscribe to the podcast
Patreon @stephanlivera
Nov 12 2022 • 1hr 0m

EPISODE
SLP428 Stack hodler - Bitcoin & Four Macro Factors to Watch
Stack rejoins me on the show to chat about Bitcoin and the four macro factors to watch:
Contrasting different views on macro
Four factors to watch
Is the world done with US Treasuries?
What’s the US Fed doing?
What about the UK market?
Deflationary collapse
Links:
Twitter: @stackhodler
Site: Pro.stackmacro.com
Prior episode: SLP397 Stack Hodler – Money Printing Around the World
Sponsors:
Swan Bitcoin
Mempool.space
Unchained Capital (code LIVERA)
CoinKite.com(code LIVERA)
Blockstream.com
Oct 27 2022 • 56m

EPISODE
SLP427 Cory Klippsten The Race to Avoid The War
Cory Klippsten rejoins me on the show to chat about:
The Race to Avoid The War
Examples of countries experiencing high inflation
Obstacles and hurdles on the way
Could the cycles have been avoided?
How to contribute if you’re not a developer
Pacific Bitcoin
Links:
Twitter: @coryklippsten
Pacific Bitcoin: PacificBitcoin.com (code LIVERA)
Sponsors:
Swan Bitcoin
Mempool.space
Unchained Capital (code LIVERA)
CoinKite.com(code LIVERA)
Blockstream.com
Oct 26 2022 • 57m

EPISODE
How Cheap Credit Distorts Money with Joe Consorti
“The rates have been locked at 1, 2, or 3%...that’s completely distorted the way that people allocate capital; whether it’s human capital or it’s physical capital, they’ve gone ahead and done things specifically because the money is essentially free, rather than pursuing them because they’ll provide a real economic value.”— Joe ConsortiJoe Consorti is a Market Analyst at The Bitcoin Layer. In this interview, we discuss Austrian economics, Credit Suisse & the risk of large scale defaults, price distortions and how Bitcoin fixes this.- - - - When faced with economic turmoil, central banks have a few tools they can turn to, one of which is interest rates. Since interest rates are the price to borrow money, and prices are emergent, manipulating rates is an intentional distortion analogous to fixing prices. Rates instead should be a factor of the supply and demand of credit, risk of default, and a reflection of opportunity cost.However, during the financial crisis in 2007/2008, the US federal reserve had little option but to step in and repeatedly cut rates. They did this in an attempt to prevent complete collapse and to restart the credit-seized economy. Rates went to basically zero (and even negative in some countries), and since 2008, we have been in an era of cheap credit.Now, we are potentially in the midst of another financial crisis. Countries across the globe are battling with inflation issues for a raft of reasons, including supply-side constraints, excessive money printing during covid, and war in Europe causing energy shortages. To battle this, central banks are raising rates in an attempt to regain control.So does cheap access to credit really boost the economy and stimulate growth, or has it prolonged an artificial bull market in equities, over-financialised assets, incentivised mal-investment, added to the growing wealth divide and played a key role in near double-digit inflation?- - - - This episode’s sponsors:Gemini - Buy Bitcoin instantlyLedn - Financial services for Bitcoin hodlersBitcasino - The Future of Gaming is herePacific Bitcoin - Bitcoin‑only event, Nov 10 & 11, 2022Ledger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultTexas Blockchain Summit - Nov 17-18, 2022 | Austin, TexasBCB Group - Global digital financial Services-----WBD572 - 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 contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf 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.
Oct 26 2022 • 1hr 25m