100: Explaining Bitcoin with Parker Lewis

In this episode Saifedean talks to writer and head of business development at Unchained Capital Parker Lewis about his Gradually, Then Suddenly series. They start by discussing Parker’s career in traditional finance during the 2008 financial crisis, and how discovering Austrian economics and bitcoin helped him to truly understand the workings of global finance. They then talk about the arguments of some of Parker’s well-known articles on topics ranging from why bitcoin can’t be copied to why bitcoin isn’t too volatile to why bitcoin can’t be banned. In the Q&A Parker discusses rumours that he will run for mayor of Austin and whether hyperbitcoinization will lead to US dollar inflation.
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here:
saifedean.com/membership/
0:00 Introducing Parker Lewis
03:30 How Parker Got Into Bitcoin
07:00 Trying To Build Money On Gold
12:00 Is The FED Going To Tighten?
22:30 How Inflation Will Be Influenced
26:50 Does Bitcoin Fix The Banking System?
31:50 Why Is Saving Seen As A Bad Thing And How Does Bitcoin Fix This?
38:00 Malinvestment By Central Planning
42:00 Central Banking Distorting Price Signals
46:00 Why You Need To Understand Saving
50:00 Inflationary Money Destroys the possibility to save
52:40 Bitcoin - Gradually Then Suddenly
58:30 Evolving from A No-Coiner To A Bitcoiner
01:00:10 Why Bitcoin Can’t Be Copied
01:05:00 You Can’t Get Less Inflation Than Bitcoin’s
01:08:00 The World Only Needs One Currency
01:12:50 Altcoin Developers
01:15:15 Bitcoin Is Not To Volatile
01:23:15 Can Bitcoin Be Banned?
01:30:11 Parker Running for Mayor of Austin
01:32:10 Is Austin The New Bitcoin Citadel?
01:37:00 Attracting New People Because Of Bitcoin
01:40:30 Pitching to High Net-worth Individuals
01:45:25 Will Bitcoin Lead To The US-Dollar Inflation
A full list of Parker’s articles on the Nakamoto Institute website:
nakamotoinstitute.org/authors...
Bitcoin can’t be copied:
nakamotoinstitute.org/mempool...
Bitcoin is Not Too Volatile:
nakamotoinstitute.org/mempool...
Bitcoin Cannot be Banned:
nakamotoinstitute.org/mempool...
Vijay Boyapati’s article The Bullish Case For Bitcoin for discussion of bitcoin’s volatility:
/ the-bullish-case-for-b...
Saifedean’s first book, The Bitcoin Standard:
saifedean.com/thebitcoinstandard
Saifedean’s second book, The Fiat Standard:
saifedean.com/thefiatstandard
Parker on Twitter:
/ parkeralewis
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here:
saifedean.com/membership/

[@razorblade7408]

Parker Lewis is so underated.

[@stevelim5274]

Parker Lewis is brilliant.

[@marber7475]

Saif, Parker is like one of the most intelligent bitcoiners out there. I did not know of him until now. EXCELLENT interview-- one of the best interviews I've ever heard on Bitcoin. Wow. Thank you.

[@stevelim5274]

Also check out Parker’s interviews with Peter McCommack. Good stuff.

[@russellhunziker7897]

Born and raised in ATX. Great podcast thank you for the introduction to Parker Lewis and the education.

[@mentarisaputra5049]

I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice, lessons and funny words are Inspirational and helpful to us. My husband and I have been able to minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation, we all love you

[@MohammedIbrahim-pm8ks]

You're creating a great reputation for this channel and everyone, I will love to achieve this great goal you're enjoying now

[@mentarisaputra5049]

@Shelia Keagy I can share some that helped me Plan towards it Be minimal in spending Save money wisely towards retirement Save to invest, it's a proven way to get richer

[@mentarisaputra5049]

@Shelia Keagy There are lots of investing options (real estate ,stocks, gold silver, cryptocurrency, Airbnb, ETFS)

[@donaldsteven1995]

@@mentarisaputra5049 I have had no luck investing in cryptocurrency I invested on my own but my profit aren't always as I expected, sometimes I just keep loosing money

[@mentarisaputra5049]

@@donaldsteven1995 A lot of people are rushing into trading without the knowledge of how it works and that's very wrong.. I advice you trade with an expert

[@np1663]

Saif, I'm re-reading The Bitcoin Standard. This time though, I'm reading it with my 14 year old daughter to help her along with her education. Thanks for playing a part in what she and the next generation will learn.

[@nielsboluijt]

1:15:19 Bitcoin is not too volatile is extremely well explained

[@TheBitcoinRevolution]

Two heavyweights. Cant wait!

[@Jess-qr7ox]

Wow this should have way more views then this!! Amazing conversation and explanation of key ideas involving BTC and qe among other things. Hadn't heard of Parker before but definitely a person who knows what they are talking about with great humility. Great content as always Saif, keep em coming!!

[@harrisburggolfsimulator3887]

Where are all the viewers??? This world is really sleepy from the fiat grind.

[@9trogenta13]

holding shitcoin bags

[@ap_1472]

I have private banker friends who do not think the inflation we are seeing is at all a problem. Scary stuff

[@Kraken_88]

Looking sharp, Saife!

[@zechsmerquise3132]

56:57 - 58:15 described the typical progression of myself and other HODLers. I literally LOLed hard. Bitcoin's aphorism, "Don't trust, verify" has helped in leading me to find the truth in nutrition (LCHF + prolonged fasts), health, exercise, gov subsidies of corn and wheat, the scam of pharmaceutical industrial complex, the scam of universities, etc.

[@QuincyDisneyVegan]

Remember, listen to Parker Lewis, because anyone with that awesome name simply "Can't Lose."

[@carlwatts1230]

I recently started reading two pieces by mises. One on bureaucracy. Another on socialism and the problem of economic calculation. I very much recommend these. Havent started the big ones yet but gained some good insights from these shorter pieces

[@fusion9619]

Excellent. IDK what's wrong with me, I've had some mises stuff on my Kindle for months but never get to it.

[@TheBossEntrepreneur]

Parker love Texas so much that you can feel the pain in his voice when he need to give a little bit of love for Miami! LOL. What a banger @Saifedean I would love to have you both on my podcast!

[@johnroff2704]

"If 100 chefs make a mud pie...". This made me laugh out loud! Great show! Thanks guys!

[@YungKingz__]

Saif thank you so much for the work you have done. I finally understand bitcoin because of Michael Saylor & him leading me to you to discuss bitcoin in a much deeper level. Better late than never!

[@Milestonemonger]

Bitcoin is down, but I need to remind myself this is a long-term improvement. Just stay cool

[@greggybone72]

On sale.. bitcoin hasn't ever gone down.. well.. there was that one thing back in '13. But otherwise it has stayed up for the past 12 years.. Only the price fluctuates.

[@rudeigin]

Question for Parker: is the sketchy nature of Tether™ USDT in providing liquidity for trade and purchase of sats going to break Bitcoin?

[@TheBossEntrepreneur]

Where can I join the community that are asking you questions at the end ?

[@saifedean]

You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here: saifedean.com/membership/

[@TheBossEntrepreneur]

@@saifedean Thank you!

[@kingo55]

I'd love to hear you discuss gold and bitcoin with Peter Schiff or other prominent gold bugs/nocoiners that have yet to update their world views. It is unusual how the old world still clings onto gold without recognising the superiority of Bitcoin as hard money.

[@channelbitcoin21M]

Growth is a non-linear series of expansions and contractions.

[@carlwatts1230]

"and now on to the main course: how does bitcoin fix this?" Lol. By the way saif do you know about titus gebel and free private cities? Would be great to have him on. Patri friedman from seasteading would be cool too or both of them together. Would like to hear some more guests relevant to building citadels or otherwise creating jurisdictions where free market principles under a bitcoin standard can unfold. Also would be nice to have some jurisdictions where the people critical of covid policy, and people giving liberty a higher priority in general, can live together peacefully. How do you think liberty loving libertarian types could create jurisdictions? What is the way forward for freedom minded individuals?

[@drelliotn.kennedy988]

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $960,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.

[@SimonKelly7836]

Having monitored my portfolio performance which has made a jaw dropping $470k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.

[@pablosmith1747]

@Robin Vanessa Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.

[@drelliotn.kennedy988]

@@SimonKelly7836 Hello Do you trade on your own?

[@SimonKelly7836]

@@drelliotn.kennedy988 Hi. Am trading with expert Mrs Mitchell Roland, a regulated broker in the US. Met her sometime early last year at a startup funding event. She had some interesting things to say about the state of algorithmic trading today.very obviously I'm seeing the results.

[@drelliotn.kennedy988]

@@SimonKelly7836 That's impressive. Are you giving her your money or the money stays in your trading account? What's really the idea behind copying trades.

[@Iambadron]

Oh Yeah, The beard is fire

[@warrenb2856]

AltCoins are competing with the FANNG, not with Bitcoin. I don't understand why you are talking about AltCoins on a Bitcoin podcast.

[@alisawilkes604]

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Katie Stein

[@benandersonn12]

I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.

[@nathanielconnor9048]

Mrs Stein changed my life because of the high profits I got from investing with her.

[@victoriarodriquez5276]

You invest with Mrs Stein too? Wow that woman has been a blessing to me and my family.

[@guzmanp8993]

I'm new at this, please how can i reach your broker

[@victoriarodriquez5276]

@@guzmanp8993 You can communicate with her on telegam with the user name below