All Roads Lead to Bitcoin with Checkmate

20 Sep • 1hr 58m

Boost episode

Show Notes

“.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.

Activity

@hightraverse

25,000 sats

21 Sep

Soundgarden and Tool

@allthemsharks

21 Sep

good call!

@allthemsharks

1,000 sats

21 Sep

might not be your cup of tea but I think every Fugazi album was good.

@emcot

388 sats

21 Sep

Checkmate should do more podcasts, this one was awesome! 🍻

@dugandrupe

210 sats

20 Sep

after Willy in the live show, I’m in need of some Ngu hopium!!!

@jimsbook

200 sats

21 Sep

great show today, great guest

@user8916834032728088

200 sats

22 Sep

great show. time to listen to it again👍

@borsengelaber

112 sats

22 Sep

Best episode this year! Great talk with Checkmate, with very good insights into longterm Bitcoin data and where this thing might evolve to. The comparison of physical Gold with CDs and Bitcoin was especially interesting. Terrific chemistry between you guys. Already looking forward to a follow up episode.

@dputts

100 sats

28 Sep

Highly recommend getting to know Checkmate! Loved this interview. It was a nice departure from just watching him talk about onchain analytics.