Awesome chat! Parker did a great job explaining some of the core discussion points about bitcoin. Real convo, no b.s., straight talk on the value. Thank you WBD!
You guys have the most powerful podcast! Don't struggle with the name of the show as it all leads to Bitcoin one way or another. Thank you for your great work!
Peter, love the part where you talked about how bitcoin changes you individually. I have a much greater sense of responsibility, and have taken on challenges that I only had excuses for before.
Great episode! I DCA every day, as far as I'm concerned it's on sale. I'm wondering if you're going to have a guest on that could shed some light on the BTC futures market and what effect it has on the price. I'm just trying to understand this side of the game better Thanks for everything your team does
the biggest hurdle for BTC right now is pain. For a long time I decided to do everything I could to avoid pain, and that aversion inevitably became a giant source of pain for me! The quote comes to mind "you often meet your destiny on the road you take trying to avoid it" Today I've learned I need to walk into discomfort in order to grow. Change is painful, it's a reorganization of your prior concepts and ideas! When more people become open to change (pain) BTC will grow wings and take off... it will become evident, Change or Die!
Great discussion on debt dynamics in the fiat system for sure but one thing I think you and your guests overlook sometimes in these conversations is that even if you got rid of fiat and set up a credit system with Bitcoin as the base money supply you will still have inflationary (& deflationary) dynamics in the surrounding credit system, Bitcoin doesn't fix that system and I would contend its debatable you should even want to fix it. What Bitcoin would do in the system is take away the levers that the Fed & Gov have in the current fiat system to manipulate the credit system, functionally not that different from the gold standard.
9:27 it is an inflation hedge so long as your thinking in bitcoin terms or sats not dollars, just because the dollar value goes up doesn’t increase your amount of sats, and vice versa
So to riff off Parker’s layout of the essential broken nature of the Keynes monetary system design if the Fed was a hydroelectric dam and the output from that dam was energy which would flow out and power the economy then then water behind the dam would be the money supply, some of which would naturally recycle itself but some would be added to by the Feds magic tap that could add water endlessly. If the Fed pivots and does QT then they reduce the flow through the dam, the energy then going into the economy is restricted and problems occur. After awhile they revert, open the dam and add water through printing water which addresses the economy. What happens downstream? The people that aren’t wealthy enough to own more valuable asset beyond the floodplain get flooded and lose the value they have created though the flood of inflation. If this flood is smaller, like 2-3% then they are not wiped out just slowly eaten away. Of course the metaphor is imperfect but I think it works to illustrate. Anyone see anything else in it oididn’t so far? Would be a good thing to illustrate as a cartoon. Also where would Btc fit into or would it be it’s own dam?
Imagine two ships next to each other - one is big and pretty and the other looks rather plain. “However, the pretty one has a hole on the bottom and is beginning to sink. The people haven’t noticed that their ship is going down, so they question the value of the other ship. They even place a (low) price on how much it’s worth and question why anyone would bother going over there when we have this beautiful ship. A little time passes and some people begin to notice their ship is damaged, so they head over to the other vessel while others stay and make fun of them for doing so. Eventually, so many people transfer to the new ship that the remaining passengers begin getting concerned, even if they haven’t seen the damage to their ship yet. The people who were speculating on how much that ship is worth continue to do so, except now the price is much, much higher and they begin to see that they should maybe head aboard. Finally, it is clear to them that the ship is going down, but when the people head over to the new ship, they find that all the best rooms are taken. Although there is space for them, many find that their new rooms are minuscule, even if they were used to large comfortable rooms on the other ship - which is now totally submerged. When they go to complain to the captain, and try to bribe him for more space, they find out that the ship is completely automated, and the space that they have now is final. They will have to work with the other passengers if they want anything on this ship.
Bitcoin is an inflation hedge only in the long run. Each bottom between the spikes is given by the true bitcoiners. The spikes are created by traders and speculators some of whom become bitcoiners. The majority of people who build those spikes don't see bitcoin as money (which is both safe and liquid or saleable) so they get out of it into fiat (which they see it as money, thus safe). So... we don't have enough users for bitcoin as store of value & money (to be saved for consumption later) but each cycle creates new bitcoiners who come for the greed and stay for the revolution. I guess what I'm trying to say is that we're early and people play this hot-cold game in bitcoin where they seem to get it and then they don't (because most don't so there is no social proof) and then they're out. It will take time...
The dollar versus debt argument is flawed, each dollar can pay more than one debt as it cycles through the economy. It isnt destroyed after it pays a debt.
When u think about it.. there are about 350 million americans.. not even 5% of them can buy a single BTC. That excludes 7.5 billion people in the rest of the world
Bring back Jeff Snyder... The Fed can't print money for commercial entities to use in the real economy. QE stays in the Banking system. The real question to ask is, "why has BTC grown in value since 2009?, How does BTC replace Treasuries as superior collateral with no counter party ris?"
Yes, listen to Jeff and understand the Eurodollar system and you will have a very different view in CBs impact. It's all about Eurodollars, banks balance sheets, volatility and risk models. To understan Eurodollars requires the same amount of time as understanding Bitcoin. Though, the end result will be the same, a Bitcoin based global monetary system
There is no way only one crypto currency exists in the future. We currently have many currencies and the world still turns. No explanation was given why only one currency is needed. The other chains provide value and their currencies are used on it. Get over this maximalist crap!
Hmmm boring. Mostly 10y old talking points. "Money printing government inflation... yada yadayada" . All this confusion has been debunked in this show already many times.
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Parker Lewis did an outstanding job explaining BTC and its future. Thank you for having him on as a guest and please bring him back!
When I saw the title, I automatically thought about the short lived Fox show from the 90s *Parker Lewis Can't Lose* .
Same. I had to google to see if this dude was the original actor. felt dumb afterwards, haha
I've heard Parker speak before. As soon as I saw the name, I said the same thing.
Synchronize Swatches!
Do you think Kubiac is a Bitcoiner?
Having Danny on the mic is exactly what you needed now this podcast has a really smooth flow with it
"You're one of the most level headed people explaining bitcoin"
Episode title: "Bitcoin Can't Lose"
Lmao. Love you guys
Parker Lewis is one of the best on this topic no consipiracys no bs just fundamentals and facts! awesome podcast thanks for bringing him on Pete.
Agreed this was one of my favourite episodes so far on WBD.
What a great guest! I love this conviction! :)
Been around since 2016, This is a gem of knowledge and forethought with clean inspiration! Great job!
Awesome chat! Parker did a great job explaining some of the core discussion points about bitcoin. Real convo, no b.s., straight talk on the value. Thank you WBD!
Hell yes. Great way to start Friday! Cheers
You guys have the most powerful podcast!
Don't struggle with the name of the show as it all leads to Bitcoin one way or another.
Thank you for your great work!
wow, Parker IS an Orange Pill. surprisingly easy to swallow. nice and concise. this one goes on the prescription tab. thanks!
This is undoubtedly the most important piece of Bitcoin content that non-Bitcoiners should be shared with by Bitcoiners.
no. it's mostly debunked nonsense regurgitated from the bitcoin standard.
My thoughts exactly
41:45 "Part of the understanding of it [Bitcoin], is experiencing it over time." This is so true!
Thanks for a great interview with Parker Lewis...
Peter, love the part where you talked about how bitcoin changes you individually. I have a much greater sense of responsibility, and have taken on challenges that I only had excuses for before.
Loved this interview with Spiderman!
Great interview!
Thanks much.
Awesome show :)
Great episode! I DCA every day, as far as I'm concerned it's on sale.
I'm wondering if you're going to have a guest on that could shed some light on the BTC futures market and what effect it has on the price.
I'm just trying to understand this side of the game better
Thanks for everything your team does
Super good, thank you.
Great explanation
BEST. TITLE. EVER.
the biggest hurdle for BTC right now is pain. For a long time I decided to do everything I could to avoid pain, and that aversion inevitably became a giant source of pain for me! The quote comes to mind "you often meet your destiny on the road you take trying to avoid it" Today I've learned I need to walk into discomfort in order to grow. Change is painful, it's a reorganization of your prior concepts and ideas! When more people become open to change (pain) BTC will grow wings and take off... it will become evident, Change or Die!
Some Buddhist philosophy right there
Parker Lewis Cant Lose! 😀
Great discussion on debt dynamics in the fiat system for sure but one thing I think you and your guests overlook sometimes in these conversations is that even if you got rid of fiat and set up a credit system with Bitcoin as the base money supply you will still have inflationary (& deflationary) dynamics in the surrounding credit system, Bitcoin doesn't fix that system and I would contend its debatable you should even want to fix it. What Bitcoin would do in the system is take away the levers that the Fed & Gov have in the current fiat system to manipulate the credit system, functionally not that different from the gold standard.
Can you give the name and address of the restaurant? Thanks!
Solid explanations! But dude get a flycatcher up in that place! lol
We have to do the work. #BTC
Brooo... less than 1k likes!?? Holy shizzz. This is great!! 🍊 💊 🧡
9:27 it is an inflation hedge so long as your thinking in bitcoin terms or sats not dollars, just because the dollar value goes up doesn’t increase your amount of sats, and vice versa
Hello from Nigeria
Parker Lewis can't lose! Synchronize Swatches!
I was going to Like the video anyway, but I had to do it even before watching just for the title.
Is the cost of printing really zero though , as interest has to be paid on that print, right?
Ofc the cost is not zero. He just doesn't understand what he is talking about.
Parker is my favourite bitcoiner who has a first name as surname and a surname as a first name.
so evident, but yeah, explaining the fiat ponzi scheme serves as the best argument to sustain btc
This kid is clearly a genius.
Let’s fix this up a bit :
“This kid is clearly a Cult Leader.”
Peter, shouldn’t you be on the left of the table? Always watch your awesome content.
Credit based currency systems exponentially grows out of control. History proves it. Present proves it.
The reverse exponential happens under Bitcoin system. All things will eventually be priced zero.
Bitcoin changes every aspect of your life. The monetary factor is minor in comparison.
So to riff off Parker’s layout of the essential broken nature of the Keynes monetary system design if the Fed was a hydroelectric dam and the output from that dam was energy which would flow out and power the economy then then water behind the dam would be the money supply, some of which would naturally recycle itself but some would be added to by the Feds magic tap that could add water endlessly. If the Fed pivots and does QT then they reduce the flow through the dam, the energy then going into the economy is restricted and problems occur. After awhile they revert, open the dam and add water through printing water which addresses the economy. What happens downstream? The people that aren’t wealthy enough to own more valuable asset beyond the floodplain get flooded and lose the value they have created though the flood of inflation. If this flood is smaller, like 2-3% then they are not wiped out just slowly eaten away.
Of course the metaphor is imperfect but I think it works to illustrate. Anyone see anything else in it oididn’t so far? Would be a good thing to illustrate as a cartoon.
Also where would Btc fit into or would it be it’s own dam?
Is it not more accurate to claim it is a hedge to devaluation?
I am sure that Bitcoin will gain momentum next year. Therefore, now I buy BTC on bfx and hold it.
Imagine two ships next to each other - one is big and pretty and the other looks rather plain. “However, the pretty one has a hole on the bottom and is beginning to sink. The people haven’t noticed that their ship is going down, so they question the value of the other ship. They even place a (low) price on how much it’s worth and question why anyone would bother going over there when we have this beautiful ship.
A little time passes and some people begin to notice their ship is damaged, so they head over to the other vessel while others stay and make fun of them for doing so. Eventually, so many people transfer to the new ship that the remaining passengers begin getting concerned, even if they haven’t seen the damage to their ship yet.
The people who were speculating on how much that ship is worth continue to do so, except now the price is much, much higher and they begin to see that they should maybe head aboard. Finally, it is clear to them that the ship is going down, but when the people head over to the new ship, they find that all the best rooms are taken. Although there is space for them, many find that their new rooms are minuscule, even if they were used to large comfortable rooms on the other ship - which is now totally submerged. When they go to complain to the captain, and try to bribe him for more space, they find out that the ship is completely automated, and the space that they have now is final. They will have to work with the other passengers if they want anything on this ship.
Did you see that fly?! ...or just me...
$70k to $29k, Cheap Bitcoin - Luv It !!!😆
Bitcoin is an inflation hedge only in the long run. Each bottom between the spikes is given by the true bitcoiners. The spikes are created by traders and speculators some of whom become bitcoiners. The majority of people who build those spikes don't see bitcoin as money (which is both safe and liquid or saleable) so they get out of it into fiat (which they see it as money, thus safe). So... we don't have enough users for bitcoin as store of value & money (to be saved for consumption later) but each cycle creates new bitcoiners who come for the greed and stay for the revolution. I guess what I'm trying to say is that we're early and people play this hot-cold game in bitcoin where they seem to get it and then they don't (because most don't so there is no social proof) and then they're out. It will take time...
Timberrrrrrrrr
I see what you did with the title of the show... 🤣
Bitcoin = ♾️ / 21M
Benfica and Bitcoin
The dollar versus debt argument is flawed, each dollar can pay more than one debt as it cycles through the economy. It isnt destroyed after it pays a debt.
Oh Shit Parker's back - IN!
I’ve heard Amazon is killing it with AMC17T
When u think about it.. there are about 350 million americans.. not even 5% of them can buy a single BTC. That excludes 7.5 billion people in the rest of the world
The CBDC will be the debt restructuring you speak of. Cause a little pain in the collapse and the people will vote for it.
The flies...🪰🪰
Either many flies, or one fly that really likes that mic
Bring back Jeff Snyder... The Fed can't print money for commercial entities to use in the real economy. QE stays in the Banking system. The real question to ask is, "why has BTC grown in value since 2009?, How does BTC replace Treasuries as superior collateral with no counter party ris?"
It's sad that apparently peter forgot everything he learned and is just lapping up this libtard bullshit.
Yes, listen to Jeff and understand the Eurodollar system and you will have a very different view in CBs impact. It's all about Eurodollars, banks balance sheets, volatility and risk models. To understan Eurodollars requires the same amount of time as understanding Bitcoin. Though, the end result will be the same, a Bitcoin based global monetary system
I see what you did with that title 🙂
First here🙌
Great explanation of Bitcoin, Parker!
Check your Twitter! I quoted you!!
Danny > Sir Ben Kingsley
You cannot taper a Ponzi.
800lb girl in the room 😂
There is no way only one crypto currency exists in the future. We currently have many currencies and the world still turns. No explanation was given why only one currency is needed. The other chains provide value and their currencies are used on it. Get over this maximalist crap!
You should buy ETH and AMC17T if you care about your future
Hmmm boring. Mostly 10y old talking points. "Money printing government inflation... yada yadayada" . All this confusion has been debunked in this show already many times.
Can't lose? Bitcoin is going to sub $10k once the 'energy war' ramps up.
Wasn’t that supposed to happen already? 78% of long term HODLers will have to change their mind and sell, you going to convince them?
Cool, so sub-10k is when it loses? Good. The more it “loses” the more I buy. Keep pushing the agenda and I’ll benefit either way!
Peter, If you want to take Bedford to the premier league, bring me on as doctor and technical trainer.