Chat_179 - Back to What Matters with Cory Klippsten

***"The dollar is going to continue to lose purchasing power. Bitcoin is going to continue to gain purchasing power. It's going to keep on happening over the rest of the century. We will at some point have enough people that have most of their wealth in bitcoin that they don't have anything else to spend and they will start to spend their bitcoin. And when they start to encounter more people like them on the other side of the transaction, they will no longer convert to some other currency on the merchant side for that transaction."

~ Cory Klippsten***

Swan CEO Cory Klippsten and I explore how Bitcoin can win over the long run without requiring a dramatic dollar collapse or Weimar-style hyperinflation. We discuss why true medium-of-exchange use is likely a far-off phase that only comes after Bitcoin dominates as a store of value, how stablecoins have absorbed today’s payments demand, and what that means for builders.

We also tackle the Coldcard exploit and current self-custody tradeoffs, Swan’s spectrum from pure self-custody to multi-institution solutions, and the psychological grind of a boring bear market. Meanwhile, Bitcoin is quietly becoming the fastest horse in a three-way race with the U.S. dollar and gold. You just have to know what to look for.

Chapters

(00:00:00) - Introduction

(00:05:30) - Journalism and content creation

(00:22:07) - Deflation myths and Japan sound money misconceptions

(00:26:03) - M2 money demand and USD global dominance

(00:30:40) - Stablecoins dominating the Bitcoin payment industry

(00:38:47) - Atomic networks and merchant adoption

(00:49:09) - Ignoring Bitcoin price regression models

(00:51:56) - Fallout from the Coldcard exploit

(01:02:25) - Why companies must segregate data

(01:04:53) - Exploring collaborative Bitcoin custody solutions

(01:13:49) - Managing expectations during bear markets

(01:16:32) - How the 'decentralized' crypto industry simply rebuilt Wall Street

Guest Links

Cory Klippsten on X (Link: https://twitter.com/CorySwan/)

Swan Bitcoin's Website (Link: https://www.swanbitcoin.com/)

Outside Money with Cory Klippsten's YouTube playlist (Link: https://www.youtube.com/playlist?list=PLMTpYxqzjiK0)

Affiliate Links

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Host Links

⁠⁠Guy on Nostr ⁠(Link: http://tinyurl.com/2xc96ney)

⁠Guy on X ⁠(Link: https://twitter.com/theguyswann)

Guy on Instagram (Link: https://www.instagram.com/theguyswann)

Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)

Guy's Takes on YouTube (Link: https://www.youtube.com/@GuysTake)

Guy Swann on YouTube (Link: https://www.youtube.com/@theguyswann)

⁠Bitcoin Audible on X⁠ (Link: https://twitter.com/BitcoinAudible)

The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)