Bitcoin Fixes Capitalism | Allen Farrington x Peter McCormack

Save
1 year ago
365
Finance & Crypto Bitcoin Capitalism Inflation Investing Allen Farrington Peter McCormack Mr Obnoxious

Allen Farrington is a writer and investor. He co-wrote Bitcoin is Venice and he’s a co-founder of Axiom, a Bitcoin-focused venture firm.

In this episode, we discuss the distortions caused by fiat money, the consequences of misallocated capital, and the philosophical underpinnings of a Bitcoin standard. We get into how these issues impact both individuals and economies, dissect the flaws of modern capitalism, and discuss how Bitcoin offers a path toward financial sovereignty and a more equitable economic future, as Allen provides a compelling case for why the current system is unsustainable and what can be done to change it.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TIMESTAMPS:
00:00:00 - Introduction
00:00:50 - Housing Bubble
00:03:33 - What is Fiat Money?
00:07:40 - Explaining Bitcoin
00:12:01 - Yuppie Elite and Finance
00:20:00 - Thatcher-Era Policies
00:25:00 - Why You Can’t Save with Fiat Money
00:30:04 - Historical Context of Inflation
00:36:31 - Capitalism vs. Fiat
00:40:00 - Managed Decline of Society
00:47:20 - Unwinding the Credit Bubble
00:57:26 - How Central Banks Operate
01:14:10 - Capitalism Under the Gold Standard
01:23:17 - Bitcoin’s Impact on Credit Creation
01:37:00 - Personal Responsibility in Bitcoin
01:40:55 - Money for Grownups

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

EPISODE SPONSORS:
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Casa - https://casa.io/
› Ledn - https://ledn.io/
› Xapo Bank - https://www.xapobank.com/
› River - https://river.com/

LISTEN / SUBSCRIBE TO THE PODCAST
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM

CONNECT WITH US
› Website - http://petermccormack.com
› Podcast Episodes - https://www.petermccormack.com/episodes
› Instagram - https://bit.ly/InstaMOB
› x/Twitter - https://bit.ly/PMXCom
› Email - [email protected]

CONNECT WITH PETER
› Instagram - /mccormack555
› x/Twitter - https://x.com/petermccormack/

FILMED AND EDITED BY CURTIS TAYLOR
https://www.curttaylor.co.uk/
https://x.com/curttayloruk/

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

#PeterMcCormack

Loading 3 comments...