Episode notes
“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.
This episode’s sponsors:
Gemini - Buy Bitcoin instantly
BlockFi - The future of Bitcoin financial services
Sportsbet.io - Online sportsbook & casino that accepts Bitcoin
Casa - The leading provider of Bitcoin multisig key security.
Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.
Ledger - State of the art Bitcoin hardware wallet
-----
WBD391 - Show Notes
-----
If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:
Become a Patron and get access to shows early or help contribute
Make a tip:
Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2S
QR Codes: Bitcoin
If you do send a tip then please email me so that I can say thank you
Subscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS Feed
Leave a review on iTunes
Share the show and episodes with your friends and family
Subscribe to the newsletter on my website
Follow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTube
If you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
