I’ve listened to this so many times. Parker is deep down the rabbit hole. Every few months I come back here and im able to absorb more. Wow. Thank u Parker and Peter
Wow! One of your best shows, Peter! Mr. Lewis, you have incredible grasp on bitcoin and the space. I agree totally with your insights. Thank you for a great episode! I’ve been sharing this with my noob friends and family. Bitcoin is revolutionary. :)
All I can say is thank you Parker and thank you Peter. This was a remarkable interview. I’ve been trying to understand bitcoin as an owner and true believer for two years because as Parker points out individuals who believe in freedom naturally gravitate towards hard money even if they don’t fully understand the mechanics of how that money works. I digest at least two-three hours of bitcoin material a week, I have read the bitcoin standard and this interview still expanded my understanding of bitcoin. Particularly in Parker‘s description of the transactions that the miners are actually processing and the value that they serve to the network in ensuring that the transaction is consistent with the limited number of bitcoin supply and the bitcoin has not been spent prior. If anyone has ever said this so clearly I have missed it. Thanks to the host and the guest for such remarkable content!
I concur with the plaudits offered. This was an exceptionally clear outlining of Bitcoin's value. I'm 4 years in and still need to have my conviction bolstered sometimes. I really need to be more understanding with those just coming in. This is not intuitive at first.
Ethereum is not really competing with BTC, different use cases and that has value, these use cases shouldn't be dismissed. BTC could have fulfilled these uses but the community can never agree on anything much, and when they do agree it takes FAR too long to implement anything. This could be for the best anyway, Eth or maybe one of the others IS necessary.
What I got out of this is, Bitcoin is a tool but it's up to human beings to use it in ways that are beneficial to us all. That's my major concern, humans beings
10:27 Would it be possible to make Mount Rushmore into an NFT? Could technology coupled with scarcity create value amid the finacial and physical frictions and restrictions? The token wouldn't be fungible with other national monuments but just like Mount Rushmore, there's only one Bitcoin.
The most common confusions I hear related to Bitcoin: volatility and risk, energy and power, value and cost. These are not the same things and need to be explained over and over... The devil is in the details !
Great guest. However the problems Venezuela have with their currency are mainly due to USA crop attempts & the crippling sections imposed by the USA on Venezuela & any country that deems to trade with them. So bad lazy example I thought
i liked this talk i really did, but i have a nagging suspicion that often when people say "once you understand that..." it actually means "once you choose to believe that..." and that is the baseline and then comes the stretch.
BTC goes against traditional finance as we have been manipulated. Once we open our eyes, and mind, it all falls into place. Next step: Patience, it's a long-term bet.
48:18 This line of thinking about money completely misses our global monetary experience over the past few decades. Linking a monetary system to a finite unit ignores the benefits of elastic monetary supply. Good money can't become a metal that's dug out of the earth yet we mine some digitally and expect success? Its success is a growing functional economy, not just a ledger suited for digital economy's.
2 Questions-How'd the FBI recover the coins? And why does Parker call btc a currency/money & Saylor is adamant it isn't & that it's an asset? Loads of great info in the interview 🙂
Poor security by the holder. Parker = money and asset. Saylor = asset. Give the developments on layer 2 (lighting network), there is no reason why BTC cannot be money in time.
I'm a proud brit too... that lives on the other side of the world. There is no bright future in the uk anymore, unless your on the up side of the wealth gap.
Was curious to see how old he is, i see on his linkedin he graduated with a BA in 06. so unless he went to college super young he's at least 37+, just looks young
There is a factual inaccuracy in what this guy says about swiping your card at starbucks. he says when you are swiping your card a transaction does not take place they are just checking that you have enough in your account . He is wrong a transaction does take place and the money is removed from your account. He is right in that the money is settled a little later . But his assertion that Bitcoin can live in that world seems based on a flawed view . To compete Bitcoin would need to be able to take money from you when you swipe.
Satoshi meant for layers to build on top of Bitcoin's block chain, is meant to be slow and secure and reliable. 10-30 minutes for the transaction. Later 2 the lightning network is instant, by far faster than a visa or MasterCard swipe plus way less fees than the normal card processing fees. With a lightning wallet BTC is instant. The BTC is gone and into the receiver's wallet before you lift your finger off the button on your phone after hitting send.
Very good...yet, we must educate El Salvador (where the Mexicans go for cheap vacation) and others that the Bear dips after BTC goes up after a Halvening will feel like a real drop, they need to be patient til after next Halvening 2024-25 before they will feel secure with BTC as there form of secure money..... Basically there btc choice be will very very volatile the first 4-5 years till next halvening, if they are jumping in right now.
Viewer beware: if you haven't already swallowed the orange pill prior to coming here, you will understand literally everything by the end of this 2-hour discussion. Bitcoin has already won the game. And, the majority of people on Earth are still trying to figure it out... Stay rational, stay healthy, and stay prosperous.
The barter theory has been debunked by historians, archeologists, and anthropologists alike. So I surmise, the premise of the explanation is wrong -> the conclusion has holes that need to be filled.
My only issue with BTC is the relationship between deflation and poor economic growth. As BTC is a deflationary asset, surely we need to totally remodel our economies in order for it to work as a medium of exchange.
Actually we don’t. For it to be a medium of exchange, it’s volatility will need to be dampened, and that comes as a result of liquidity which is a by product of people’s deeper understanding of the value of bitcoin. No one knows what the rate of inflation or deflation would be in an economy even though fiat experts claim they do. And since no one objectively knows, it’s best to leave it alone and let people’s productivity each year decide it.
I like this guy, but he's got a massive issue with how he's able to communicate his answers to the big questions. Both his response to the environmental questions and the regulatory question are so convoluted and meandering, that I feel like he's full of shit. Of course, I know he isn't. But I listened to this with a friend who is a crypto neophyte and he was incredibly frustrated. If he thinks the route he took to explain why the energy consumption argument is moot is more effective than the other routes he poopoo'd at the outset, he's drunk. It wasn't clear, and the people raising those concerns and driving the narrative aren't economists. They control the narratives because they can offer a simple to understand thesis. If you can't counter that, you're useless. As for the fear of regulation, the first half of his explanation has nothing to do with that fear - he just babbled about why the people who make those arguments just don't understand bitcoin enough to make an argument. Okay, whatever, tell me why regulation isn't a thing to worry about. He doesn't really assuage any of my fears about government's making it difficult to hold and use bitcoin, or about it flowing to jurisdictions where regulations aren't rigid. Fine, great. But I live in my jurisdiction, so my fears are valid. Again, I'm in agreement with this dude, hold crypto, believe in its potential, yada yada. But as an emissary for explaining to noobs, he's shit.
Bucking the trend a little today to say that I normally love this podcast but got lost in the word-salad about subjective, counter-subjective, subconscious objectivity, meta-scarcity nonsense about the nature of money. Just too much BS for me today.
I’ve listened to this so many times. Parker is deep down the rabbit hole. Every few months I come back here and im able to absorb more. Wow. Thank u Parker and Peter
Wow! One of your best shows, Peter! Mr. Lewis, you have incredible grasp on bitcoin and the space. I agree totally with your insights. Thank you for a great episode! I’ve been sharing this with my noob friends and family. Bitcoin is revolutionary. :)
Great guest! Learned some new things, took me deeper into the bitcoin rabbit hole.
I'm working backward to some of the foundational podcasts that I missed the first time. Parker has filled quite a few gaps in my understanding.
Best explanation of Bitcoin that I’ve ever heard! Thank you.
Thanks Peter for a balanced, informative discussion. Parker Lewis' objectively presented, principled Bitcoin and economic theses are invaluable.
And given his financial background, it gives more weight to his views, imho.
Who on earth would thumbs down this cast??? Such amazing information!!
Parker crushes it. Money is a first-order concern, energy use is a lower order concern.
Exactly. I shook this man’s hand at bitcoin conference 2021. Such an eloquent thinker and writer.
Parker Lewis got the fire wisdom all over this video. I've listened twice and need to listen again.
All I can say is thank you Parker and thank you Peter. This was a remarkable interview. I’ve been trying to understand bitcoin as an owner and true believer for two years because as Parker points out individuals who believe in freedom naturally gravitate towards hard money even if they don’t fully understand the mechanics of how that money works. I digest at least two-three hours of bitcoin material a week, I have read the bitcoin standard and this interview still expanded my understanding of bitcoin. Particularly in Parker‘s description of the transactions that the miners are actually processing and the value that they serve to the network in ensuring that the transaction is consistent with the limited number of bitcoin supply and the bitcoin has not been spent prior. If anyone has ever said this so clearly I have missed it. Thanks to the host and the guest for such remarkable content!
Such an insightful podcast. It inspired me to become more bullish than ever!
This may be your best interview yet.
The first man in, Pete you are prolific! Love the podcast dude - brilliant episode.
Thank you Peter & Parker!
Great episode
One of your best Peter, Parker Lewis has shared such foundational clarity on Bitcoins scarcity and security.
Thanks Peter. Nice topics. Please do these videos every few months. Even supposedly Bitcoin clubs have people with zero knowledge of Bitcoin
The people need more Parker!
Most informative podcast I’ve seen in a while, you should have Parker back next week!
Another puzzle piece. Much appreciated
Great conversation. Concepts well explained. Thank you.
Master class in Bitcoin first principles. Thank you!
Seriously the most comprehensive discussion on BTC I've heard. Well done and thank you!
Great great episode!!
I concur with the plaudits offered. This was an exceptionally clear outlining of Bitcoin's value. I'm 4 years in and still need to have my conviction bolstered sometimes. I really need to be more understanding with those just coming in. This is not intuitive at first.
Great interview!
Let’s forward this podcast to Peter Schiff 😃
You always bring great people. Thanks!
I have to say it again. This was a damn amazing episode!!!
Crucial knowledge, thanks Parker! Bedford Boy, thanks for all the brilliant podcasts. You ask the questions, many are not confident to ask! :)
Finally, this guy has answered most of my questions... but I'll get on his writings to know a bit more.
The 'gradually then suddenly' series can be found on Medium or via Unchained Capital's website.
no truer words have been said "the only reason why governments want to ban bitcoin is because its working"
that's how i learnt in 2017 and on wards.
Mind blowing! I listen to this one 3 times.
Great interview. Sounds like we all need to get out more. Leave the desk, leave the couch, leave the Lambo and go see how others are living.
Best explanation regarding the necessity of Bitcoin price volatility I've ever heard.
This guy is killing it in this interview
Bitcoin is the 2nd Magna Carta; Separation of Money from State. Thank God for Bitcoin.
Thank you!
Fantastic show thankyou ❣
Wow im only 30mins in. What an answer about volatility... light bulb moment for me!
Price discovery.
Masterclass. Thanks gents.
Bring the homie back on the show before the end of the year 💯
This guy can't lose!
Take a drink every time Parker says "that" in between statements 🍺😆
Great Episode Thanks 🙏🏼🙏🏼🚀🚀🚀🚀
Fantastic interview.
Really good one
Great guest
Awesome video.
Interesting El Salvadorian story especially with today's news.
Ethereum is not really competing with BTC, different use cases and that has value, these use cases shouldn't be dismissed. BTC could have fulfilled these uses but the community can never agree on anything much, and when they do agree it takes FAR too long to implement anything. This could be for the best anyway, Eth or maybe one of the others IS necessary.
Previously but now it seems that layer 2 developments can do everything that ETH can do i.e. smart contracts, transactions at speed etc. Mind-blowing!
This was one of the BEST interviews...and it almost erased the terrible Weinstein one 😆
Epic Episode
This and the recent Nic Carter interview are top five. The Jeff Booth one too.
Parker Lewis Can’t Lose
Put the second part out!
Now out.
Denial is the first stage of grief unfortunately!
Thanks
Great show (I always wanted to be the first comment!)
What I got out of this is, Bitcoin is a tool but it's up to human beings to use it in ways that are beneficial to us all.
That's my major concern, humans beings
But you forget incentives, the designed incentives are great to over come such human being inclinations.
10:27 Would it be possible to make Mount Rushmore into an NFT? Could technology coupled with scarcity create value amid the finacial and physical frictions and restrictions? The token wouldn't be fungible with other national monuments but just like Mount Rushmore, there's only one Bitcoin.
The most common confusions I hear related to Bitcoin: volatility and risk, energy and power, value and cost.
These are not the same things and need to be explained over and over... The devil is in the details !
Good work Peter and Parker, sounds like you guys are a marvel spin off, one day the world will wake up to btc's superpowers.....
Great guest. However the problems Venezuela have with their currency are mainly due to USA crop attempts & the crippling sections imposed by the USA on Venezuela & any country that deems to trade with them. So bad lazy example I thought
i liked this talk i really did, but i have a nagging suspicion that often when people say "once you understand that..." it actually means "once you choose to believe that..." and that is the baseline and then comes the stretch.
BTC goes against traditional finance as we have been manipulated. Once we open our eyes, and mind, it all falls into place. Next step: Patience, it's a long-term bet.
48:18 This line of thinking about money completely misses our global monetary experience over the past few decades. Linking a monetary system to a finite unit ignores the benefits of elastic monetary supply. Good money can't become a metal that's dug out of the earth yet we mine some digitally and expect success? Its success is a growing functional economy, not just a ledger suited for digital economy's.
Is it possible that 10 years from now a Quantum/super computer could hack btc?
No, as the core developers would take advantage of Quantum to secure the protocol.
Parker is a very serious man. Watch the last few minutes when Peter Mc curses.
🌋
2 Questions-How'd the FBI recover the coins? And why does Parker call btc a currency/money & Saylor is adamant it isn't & that it's an asset? Loads of great info in the interview 🙂
Poor security by the holder. Parker = money and asset. Saylor = asset. Give the developments on layer 2 (lighting network), there is no reason why BTC cannot be money in time.
With current US tax law why would I ever spend my Bitcoin?
I don’t want to be harsh but this could have been better with some normal discussion inbetween btc hypnosis
Bitcoin is hope
The Venezuela example lacks context with zero mention of the USA's draconian economic sanctions.
Go check out El Savador then and Bitcoin Beach, Jack Mallers and Strike on twitter
“The stance that Bitcoin is wasteful is made from such a place of privilege by people who have no clue, or care.”
Just thinking......criminality not a function of money.....is a function of human behavioural tendencies
I'm a proud brit too... that lives on the other side of the world. There is no bright future in the uk anymore, unless your on the up side of the wealth gap.
How did a 15 year old get so smart. Either that or I'm incredibly old... Shit, I think it might be the latter.
Was curious to see how old he is, i see on his linkedin he graduated with a BA in 06. so unless he went to college super young he's at least 37+, just looks young
So much better than Eric Weinstein
1:02:20 Elizabeth Warren today.
There is a factual inaccuracy in what this guy says about swiping your card at starbucks. he says when you are swiping your card a transaction does not take place they are just checking that you have enough in your account . He is wrong a transaction does take place and the money is removed from your account. He is right in that the money is settled a little later . But his assertion that Bitcoin can live in that world seems based on a flawed view . To compete Bitcoin would need to be able to take money from you when you swipe.
Satoshi meant for layers to build on top of Bitcoin's block chain, is meant to be slow and secure and reliable. 10-30 minutes for the transaction. Later 2 the lightning network is instant, by far faster than a visa or MasterCard swipe plus way less fees than the normal card processing fees. With a lightning wallet BTC is instant. The BTC is gone and into the receiver's wallet before you lift your finger off the button on your phone after hitting send.
Very good...yet, we must educate El Salvador (where the Mexicans go for cheap vacation) and others that the Bear dips after BTC goes up after a Halvening will feel like a real drop, they need to be patient til after next Halvening 2024-25 before they will feel secure with BTC as there form of secure money..... Basically there btc choice be will very very volatile the first 4-5 years till next halvening, if they are jumping in right now.
Why are people always going down rabbit holes to discover things? What do rabbits know that we don't?!
Are you listening Elizabeth Warren?
Yes, but no. BTC helps those she professes to care for.
ello
wuts all this, then?
Viewer beware: if you haven't already swallowed the orange pill prior to coming here, you will understand literally everything by the end of this 2-hour discussion. Bitcoin has already won the game. And, the majority of people on Earth are still trying to figure it out... Stay rational, stay healthy, and stay prosperous.
The barter theory has been debunked by historians, archeologists, and anthropologists alike. So I surmise, the premise of the explanation is wrong -> the conclusion has holes that need to be filled.
My only issue with BTC is the relationship between deflation and poor economic growth. As BTC is a deflationary asset, surely we need to totally remodel our economies in order for it to work as a medium of exchange.
Actually we don’t. For it to be a medium of exchange, it’s volatility will need to be dampened, and that comes as a result of liquidity which is a by product of people’s deeper understanding of the value of bitcoin. No one knows what the rate of inflation or deflation would be in an economy even though fiat experts claim they do. And since no one objectively knows, it’s best to leave it alone and let people’s productivity each year decide it.
@@BitcoinAndChess Perfectly put. And no fake inflation.
I like this guy, but he's got a massive issue with how he's able to communicate his answers to the big questions. Both his response to the environmental questions and the regulatory question are so convoluted and meandering, that I feel like he's full of shit. Of course, I know he isn't. But I listened to this with a friend who is a crypto neophyte and he was incredibly frustrated. If he thinks the route he took to explain why the energy consumption argument is moot is more effective than the other routes he poopoo'd at the outset, he's drunk. It wasn't clear, and the people raising those concerns and driving the narrative aren't economists. They control the narratives because they can offer a simple to understand thesis. If you can't counter that, you're useless.
As for the fear of regulation, the first half of his explanation has nothing to do with that fear - he just babbled about why the people who make those arguments just don't understand bitcoin enough to make an argument. Okay, whatever, tell me why regulation isn't a thing to worry about. He doesn't really assuage any of my fears about government's making it difficult to hold and use bitcoin, or about it flowing to jurisdictions where regulations aren't rigid. Fine, great. But I live in my jurisdiction, so my fears are valid.
Again, I'm in agreement with this dude, hold crypto, believe in its potential, yada yada. But as an emissary for explaining to noobs, he's shit.
Bucking the trend a little today to say that I normally love this podcast but got lost in the word-salad about subjective, counter-subjective, subconscious objectivity, meta-scarcity nonsense about the nature of money. Just too much BS for me today.
Go listen to Mark Yusko and Michael Saylor oh and Vijay Boyapati, Stephan Libera, Preston Pysh, Greg Foss, Pomp, Dan Held etc.
they sound a lot like Jehovah's Witnesses.
This comment will not age well !
Killing the FUD? 😂😂😂 BTC shills are literally the most vocal FUD army on the planet. All you guys do is generate FUD about the real bitcoin - BSV.
I'm not sure you listened to Parker properly or have read the relevant material.