SHOW NOTES:
https://www.whatbitcoindid.com/podcast/gradually-then-suddenly-pt-4-bitcoin-the-money-printer

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the fraying of the fabric of society, money printing and the wealth gap and why politics are ineffectual.

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TIMESTAMPS:
00:00:00 Introduction
00:03:59 Societal fray
00:09:41 Inequality and Imbalance
00:19:22 False price signals
00:28:35 Short term tradeoffs
00:41:51 Kicking the can
00:46:47 Gaming out adoption
01:00:04 Bitcoin fixes this
01:06:20 Selling Bitcoin?

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****

“The Central Bank can control the supply of its currency; it cannot make people value it. And, if I know that the central bank can print trillions of dollars at zero cost, I will stop valuing that, as will everyone.”
— Parker Lewis

Location: Houston, TX
Date: Thursday 25th August
Company: Unchained Capital
Role: Head of Business Development

In times of economic crisis, central banks have the power to step in and attempt to aid recovery by ‘printing’ dollars. When injected into the commercial banking system, these new dollars prevent an economic slowdown.

While this may sound like a favourable alternative to an economic slowdown and businesses failing, it is not without consequences.

Since the COVID-19 pandemic began, the U.S government has printed money at an accelerating pace, with analysts claiming that this is driving inflation.

In our economy, the central banks hold the ultimate power. They decide when they print money and how much. Bitcoin is different. With its fixed supply and controlled issuance, everyone on the network knows how many bitcoins are in circulation and the future issuance. It is the most inclusive and transparent monetary network ever to exist and the antithesis of central banking.

In this interview, I talk to Parker Lewis, Head of Business Development at Unchained Capital. We discuss the fraying of the fabric of society, money printing and the wealth gap and why politics are ineffectual.