Will Blackrock Be Bitcoin's Suddenly Moment? With Parker Lewis - WBD696

In this interview with Parker Lewis, we discuss the book he is
currently writing, the Bitcoin scenes in Austin and Nashville,
the triggers for a significant shift in Bitcoin adoption, the
potential effects of hyperinflation, and how governments may seek
to regulate and tax Bitcoin.


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Everyone has their own Bitcoin journey. However, each journey
takes a very similar route: cynical awareness, dabbling,
investing, rabbit hole, awareness, getting burnt, realisation,
all in, obsession. Gradually, then suddenly. The process explains
the rationale behind hodling, but also, why adoption takes time.
Bitcoin requires effort before the payoff can begin. Proof of
work.


Understanding Bitcoin also requires a fundamental change of
perspective. Society long ago jettisoned the logic of adhering to
a low-time preference; the modern consumerist fiat system is
predicated on living for the now. The intellectual and moral
hollowness of this approach is manifest in the multitude of major
issues confronting our society today.


We need a realignment with a more mature ideology best imagined
by the famous Greek proverb ‘Society grows when men plant trees
that they know they will never sit under’. This realignment may
result more from necessity rather than an awakening: the seeds of
hyperinflation have been sown into the economic fabric of most
nations, and we’re starting to see the edifice crumble. Those who
adopt Bitcoin first will be best placed to weather the coming
storms.


There is a flip side risk for those who hold Bitcoin. History is
littered with examples of the state confiscating private wealth.
This risk is obviously most acute when the state’s coffers have
run dry. The fact is that global debt is now at an all-time high;
further, deficits keep increasing. Now, with rising interest
rates, debt levels are becoming unmanageable. A reckoning is
coming. Prepare accordingly.


Show notes:
https://www.whatbitcoindid.com/podcast/will-blackrock-be-bitcoins-suddenly-moment 


This episode’s sponsors:


Iris Energy - Bitcoin Mining. Done Sustainably
Ledn - Financial services for Bitcoin hodlers
Bitcasino - The Future of Gaming is here
Ledger - State of the art Bitcoin hardware wallet
Wasabi Wallet - Privacy by default
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