Repricing the World in Bitcoin with Preston Pysh & Nico Lechuga

[@MM32487]

Preston Pysh fast becoming the most intelligent voice in the space. And speaks in a way all can understand.

[@leonhead8413]

@@CC-md5jp, Lyn yes and I enjoy Breedlove but I find you need a philosophy degree to fully grasp him in a long form conversation.

[@stacknchill]

You understand them all the time? 😂

[@baddison8997]

@@CC-md5jp Preston tops them, been listening to him since his TIP days. On another level

[@newbraveworld9733]

Agreed. Except for his "Bitcoin is inevitable", "you only need 1% to protect your portfolio" nonsense.

[@IVIagicful]

Preston has the most unbalanced opinion of the three and he half-asses a lot of the "facts" he spewes out always biased on the pro-bitcoin side (e.g. imagine being his level of market expert and not knowing Vanguard doesn't offer gold etfs - or imagine putting on your slides that Mastercard processed 164B in 2022, when it's actually 14T (100 times more!) which you can check with 5 second google search). In other words, he has no breaks, he has gone into religion territory, acting like a priest. And he's too obsessed with the dollar price aspect. I'll take Lyn any day over him.

[@TheAgentGold]

Had a good "ah ha" moment listening to this. Paraphrased, bitcoin finds its way into hands of those who are profitable. If you are not profitable, you will necessarily need to sell your bitcoin. Therefore, bitcoin shines a light on people and businesses who are not profitable. That's a good one to add to my line of thinking about it!

[@TarikSammour]

Yes. And it does the same for property / houses too...they return to fair value.

[@duanejackson6718]

And since we live in a society where most people spend every penny they make, they're not going to put anything in Bitcoin and they're going to get left behind.

[@marinatinshred]

Peter your knowledge and interview skills have become extraordinary. This is one of the best podcasts out there. It's very approachable for folks at all stages in the journey. I share it with my mom and my wealth mngr buddies. Cheers.

[@SiSiSandro]

This should have been twice as long! Nico is a great addition, bring them both back and let him talk more. It would be great to have a more formalized presentation for pitching BTC to those medium sized family businesses at a beginner’s level. I sure could use it to convince my business partner to invest some of our cash holdings into BTC in order to become a Micro-MicroStrategy and ensure the long term future of the business.

[@smartcashflow21]

Pysh is so good. Even more BULLISH now! ❤❤❤

[@seandarrah828]

You guys have some really great shows… this one has to be my favorite! Most excellent charts And just really good solid info… never invested in a company per se but definitely thinking about Ego Death Capital!

[@samuelhillman6389]

I'm laughing out loud as well! This is brilliant 36:00-40:00 Preston and its seems like a no brainer!

[@P__114]

Glad to see this fund is going well. Preston is a great addition!

[@markpalmer8083]

How do you know it's going well? They presented no evidence that it is. Have a healthy level of skepticism until you see some evidence.

[@Antioxidanttt]

This podcast is fantastic

[@quantonomy]

You guys should really invite me to your show so we can discuss the Power Law in details. There is much more about it that what you guys mentioned. It is an entire philosophy about BTC and it says a lot of things about the nature of BTC itself. It is probably the most important fact about BTC.

[@TheRealDerekS]

Even when Preston smiles it still kinda looks like a frown. I love it. I think hes my spirit animal

[@cryptoshrimp2075]

Fantastic show!!!

[@filoblack]

Great discussion… ⚡️🚀

[@hashedbin4152]

Great episode 🍺🍺

[@peachlandtaxi919]

7:02 first find product market fit & gross margin - transaction cost = net margin ✓ swap to BTC & layer 2 : margin minus transaction cost is still almost gross margin .... That is great business

[@betterlivingwithbitcoin]

Where can we find the charts

[@willybolt6397]

Here first every episode. Come to North Carolina

[@shinkurt]

I've always said saylor is a genius

[@pran10000]

Awesome pod

[@samholloman4123]

Thank you

[@quantonomy]

The fact that BTC is a straight line in a log-log chart says BTC is a Power Law. Power Law come up all over nature, rivers, mountains, cities, organisms behave like a Power Law, same with BTC.

[@BolusTube]

A good mix between seal-custody Bitcoin, ETFs & MSTR stock is the best strategy.

[@athelstan106]

Bitcoin is a Power Law: 44:04

[@patrickpk4421]

Just incredibly great conversation. A lot goes over my head, a lot I go, yeah exactly! Just tremendous value! Compare this to dumb sitting in front of a box where you're being fed garbage by the matrix. So glad those days are over!

[@P__114]

6:30 This “on the roadmap” guy totally just told them that just to raise money 😂

[@peanut9051]

“Buy BTC and eat steak at your house. “😂🎉

[@moralhazard1]

Everyone is a product of their environment, even Warren Buffett. People underestimate how a slow, steady, stable debasement of a currency makes it seem like your investments are "growing"

[@michaelguzman1282]

Where are the slides ?

[@PeterMcCormackShow]

drive.google.com/file/d/1cK_hi9bNAmA8PqFa9OUM4009sG6zJQPO/view?usp=drive_link

[@douglas2835]

I have a dumb question I've been thinking about. Why can't every corporate entity that wants to use the blockchain just copy bitcoin's code and have their own personal use of an incorruptible blockchain. No need to buy BTC to have access to the network. I guess it would be more of a centralized network, but they would have proof of work to use as they see fit. Maybe I'm too simplistic but I have been thinking of this.

[@quantonomy]

This is actually my chart and work but ok great.

[@LiborTinka]

Yeah arguing that Layer 0 is not optimized for scaleability is like arguing Stage 0 of a Saturn V rocket is bad for manuveuring in space. Yes! But that's not a bad thing. If one wants to get to the Moon, he needs to get on the orbit first - and that requires very powerful behemoth of an engine, i.e. first stage. Right now that stage propells us slowly but surely out of the gravitational pull of the traditional monetary system.

[@aussieman8738]

Another lie in the system. NASA means to deceive in Hebrew. They go up 30 miles then land in the ocean 3 Freemason astro naughts jump out for the cameras. It's all deception. The earth is flat, the dome is 70 miles above. Flat earth.

[@Nonduality]

It's true for every kind of human endeavour, that some people totally get it and that others, no matter how intelligent they are, just don't get it. Whether it's art, architecture, quantum theory, how to build a coffee table, driving a car, parenting, relationships, bitcoin, or name any kind of enterprise or industry, some get it and others don't.

[@schadha08]

Tesla is profitable and remains the most profitable in the industry. There were near term cash concerns. Not long term. They chose to sell btc to stave off 2 quarters of negative cashflow.

[@JimBarnz]

I love Saylor and I want him to continue to be ridiculously successful. But, y’all scaring me a little because people are talking about Saylor with such esteem, it feels like the way SBF was regarded before his fall…

[@ConstructionRatesUK]

MicroStrategy now or in 10 years could launch an ETF and use that capital to nearly double the Bitcoin. They would own half but have fee's on the other half and could buy more Bitcoin. The term 'buy' is actually exchange from Fiat to Bitcoin, in order for clarity.

[@jmartirosyan]

When did Peter start wearing the Azat Mard hat?

[@PeterMcCormackShow]

When I figured it all out

[@jmartirosyan]

@@PeterMcCormackShow as an Armenian, I approve. Dude! I was on vacation when you visited Toronto or else I would've been there in person to tell you how dope your hat is!

[@katmandoo8333mobi]

I will inscribe the slides

[@wattzefeuke]

Preston's eyebrows are reproducing the bitcoin cycle chart.

[@mandolorian25]

Take on Tesla is wrong. Capital markets aren’t friendly too it and they have a lot of demands on future capital like next generation factories, asic chips for their AI supercomputer etc… Holding bitcoin while they are spending their cash on that growth in a public market company would be too much stress to bear and a distraction to their operations. Private companies are a different beast no quarterly public reporting much easier to hold for a 4 year period.

[@roberttimar45]

Peopleee, there is a big lag in the exchange right now on the official swap, I made a vid showing it, it is sending almost 7 times the crypto

[@TheFigalito]

Preston makes me feel dirty for thinking one day I will cease to be a net producer. Should I hide in shame that I hope to one day retire and stop net-producing? 😭

[@user-99.99]

The “Salty” chart is perfect for those that fell for the Covid and vax narrative as well. 😂

[@markpalmer8083]

Speaking as an MD doctor, I think you need to study medicine and not regurgitate ignorant conspiracy theories that you've heard. Vaccinations are why you have been arrogantly privileged to grow up in a World free of most lethal infectious diseases. Without them we would still be dying of smallpox, diphtheria, pertussis, tetanus and polio, to name a few, or are you arrogant and ignorant enough to think that these appalling and fatal diseases have just gone away on their own? Your ignorant comment has absolutely nothing to do with bitcoin and associates those who invest in and support it, with the ignorant stupidity that your comment exhibits.

[@OhMyMemories]

Wouldn't be fitting if Microstrategy name was actually MacroStrategy xD

[@SAL-fs1mr]

They spun out the Bitcoin holding part of the business and called it that

[@anthonysisco4633]

Is MSTR stock going to rebound after Saylor sold all of his shares?

[@mitchwalker7658]

What did Preston say to Elon in spaces?

[@josesalgado8653]

Lechuga means lettuce in Spanish lol

[@gdskopje]

50 Bitcoin??? When the hell will anyone be able to buy that much?

[@designatron7894]

Guys, this is way too bullish. Now I need to go listen to Dr. Jeff to calm down...

[@RugbyCaps]

Never knew Loki was into bitcoin.

[@stephenkeane8555]

why is nico there

[@thestonemaster81]

Can someone do a hostile takeover of micro strategies. If they evaluate Bitcoin as cash the stock price may not be a true price.

[@atapene]

Peter... "wont be an altrun, i just dont see where the liquidity will come from" after discussing a huge btc bullrun to 500k where speculators will exit. Lol. Also Peter.... shits on shitcoins as usual, then plans a bedford token launch. Do you even have a mirror mate? Come on

[@utubedude2842]

Craig wright is coming

[@DavidsWoodworking1]

Please, someone say, "In a true free market all prices fall to the marginal cost of production". Please!!!!!

[@ulixes77]

Visa and mastercard clears Trillions, not billions. Bad one, PP.

[@briansut3260]

Wait Wait Wait, Elon sold because it came back to his breakeven price. He would have been required to report a loss. Spacex is private, different rules. Am I wrong??

[@arturodelvalle3457]

Mastercard settled 8.18 Trillion numbers are wrong. 100 billion is a nothing

[@GrayersDad]

Horrible advice. Why is this guy entitled to any profit from the business if its hers? She even kind of soundrd off when told to join it together. Business should br kept separate. Figure out how much monthly is joint expenses and bills, and they contribute equally in a joint account. Whatever less keep in their own accounts. They should be accountable together for their expenses, but why would she pay for his wants and he pay for her wants.

[@Dante3X]

👀

[@IVIagicful]

I mean, props to Preston the high priest of Bitcoin. But HOW can you put on a slide that Visa and Mastercard processed 400B in 2022, when it's actually 50 times more, around 21T? How can you be so sloppy Preston?

[@meccanised]

Appreciate your podcast but seriously it is time to embrace the rest of the crypto industry. Good things are happening in terms of technology, governance and innovation. The typical shitcoin narrative you Maxi guys peddle is so tiresome. I mean you start talking about tokenising assets near the end, UMMM hello you already have that in other Layer 1s for 4-5 years now.

[@frank0evers]

Sorry, but time on the log scale does not make any sense.

[@mattsjoelfernandes9132]

Nick lettuce 🥬

[@Hamsterbtconly]

Peter has it backwards if someone offers to buy saylors business at a fair valuation than due to opportunity cost he is incentivised to sell to mass buy coins because the cash flow is years sale is multiples of cash flow.

[@jackonno78]

First?

[@maddie22006]

Love watching this channel ❤️

[@giuseppeb397]

Yeah guys keep taking logs and apply random formulas until the chart looks the way you like it looooool

[@manfredvandoorn8011]

Too much buddy talk. You lost me.

[@cloudiermonk]

Store in btc... withdraw to sol and transact with sol!

[@SAL-fs1mr]

Yuck. No thanks.

[@lastnamefirstname2390]

No

[@TheEconomicExpert]

Preston could have shaved before this podcast

[@boostandflow4603]

Your mum needs a shave

[@ericv738]

He looks fine.

[@martinstrid4667]

It’s not liquid cause there is no better investment than bitcoin so people who go all in are kinda just made it to the other side.

[@m.s.biteth1164]

Too bad you all seem more wrong than right.

[@TheBitcoinExperience]

"BiTcOiN iS TuLiPs BrO!" 🤡🤡🤡 #TickTockNextBlock #BTCorGFY

[@LukeMikic21]

I came from my morning Spanish class to KZbin and this was the 1st video I see. 😂🥬🥬🥬