The Peter McCormack Show18 Nov 2023

Bitcoin for Banking Failures with Parker Lewis - WBD737

Parker Lewis is a Bitcoin writer and educator and Head of Business Development at Zaprite. In this interview, we discuss the 2023 North American Blockchain Summit in Fort Worth, the benefits and challenges of Bitcoin payments, and the potential of Bitcoin becoming a critical rail for global payments. We also talk about the risks of the traditional banking system, the urgency needed to fix the current monetary system, and how Bitcoin's fixed supply could potentially help.

- - - -

This is another podcast I have made in the shadow of the impressive North American Blockchain Summit 2023 in Fort Worth, Texas. It's a great opportunity to catch up with some of the best minds within Bitcoin such as the amazing Parker Lewis!

We got quickly into the weeds of Bitcoin payments and the challenges of managing multiple lightning wallets for different purposes. Parker set out how the product he's helping develop, Zaprite, aims to resolve this problem by providing a seamless payment experience, allowing funds to be directed to different lightning wallets or accounts. We also touched on the importance of creating a unified experience between fiat and Bitcoin payments to encourage adoption.

Our discussion delved into the risks and challenges associated with traditional banking systems and the importance of Bitcoin as a solution. The system needs resilience, which Bitcoin provides. Further, the speed and simplicity of Bitcoin stands in stark contrast to the inefficiencies and delays involved in traditional banking. Parker explained that Bitcoin also serves as insurance at an individual level for currency failure and as an insurance policy for businesses.

We explored the concept of the 21 million fixed supply of Bitcoin, and that by understanding why Bitcoin solves the problem of purchasing power, people can then understand how it can also solve other problems, such as the risk of banks failing, the fragility of the legacy payment system and providing an actual solution to inflation.

Parker believes there is an urgent need to fix the current monetary system, comparing it to a flood requiring immediate attention. He believes that those who understand Bitcoin should prioritise working on it rather than other projects. This podcast is therefore a call to arms for those who value the importance of Bitcoin in today's digital age. Bitcoin has the potential to not only revolutionise traditional banking but to save the monetary system as a whole.

Show notes: https://www.whatbitcoindid.com/podcast/bitcoin-for-banking-failures

This episode's sponsors: Iris Energy - Bitcoin Mining. Done Sustainably Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence OrangePillApp - Stack Friends Who Stack Sats

Hosted on Acast. See acast.com/privacy for more information.

Denne episoden er hentet fra en åpen RSS-feed og er ikke publisert av Podme. Den kan derfor inneholde annonser.

Episoder(1079)

#201 - Connor Leahy - The AI That Escaped: Inside OpenAI's Rogue Agent Incident

Connor Leahy has spent his career at the frontier of AI, from reverse-engineering GPT-2 as a student and co-founding EleutherAI to building the AI safety company Conjecture. He now leads US policy wor...

14 Aug 1h 9min

#200 - Sebastian Thrun - The Singularity Is Here & We Are Completely Unprepared

Sebastian Thrun has spent his career working on technologies that once sounded like science fiction, from self-driving cars and flying vehicles to online education and artificial intelligence. He now ...

11 Aug 1h 34min

#199 - Aubrey de Grey - The Man Who Says Ageing Can Be Cured

Aubrey de Grey believes ageing is accumulated damage in a biological machine and argues that medicine may eventually become capable of repairing that damage faster than it appears. He gives humanity a...

6 Aug 1h 17min

#198 - Michael Shermer - Truth, Conspiracies & The Things We Can't Explain

Michael Shermer is the founding publisher of Skeptic magazine, host of The Michael Shermer Show and author of Truth and Conspiracy. He joins Peter to ask whether we are really living in a post-truth w...

4 Aug 1h 27min

#197 - Brian Keating - What Came Before the Big Bang & Does Time Exist?

Brian Keating joins me to explore one of the deepest unanswered questions in physics: what is time, and why does it only appear to move in one direction? Brian argues that time may not exist as a fund...

30 Jul 1h 39min

#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

Sam Bowman joins me to discuss why Britain is approaching two lost decades of stagnant median wages and why the country is now far poorer than it should be. Sam argues that Britain does not lack talen...

28 Jul 2h 9min

#195 - Lisa McKenzie & Keith Gildart - Who Is Britain For? The Destruction of the Working Class

Britain did not simply leave its working class behind. Sociologist Lisa McKenzie and historian and former coal miner Keith Gildart argue that political and economic decisions deliberately dismantled t...

25 Jul 2h 13min

#194 - Charles Goodhart: The Money Endgame - Debt, Inflation & Central Bank Failure

Charles Goodhart joins me to discuss why Britain’s decline did not start in 2008, why the post-war economic boom may have been a temporary lucky era and why the next 30 to 40 years could be far harder...

21 Jul 1h