The Peter McCormack Show

Location: Remotely Date: Wednesday 4th August Company: Kraken Role: Growth Lead El Salvador made history by becoming the first country to embrace Bitcoin as legal tender. This bold step to adopt Bitcoin empowers Salvadorians and utilises the network's powerful technology to build a better financial future for the country. While nation-states adopting Bitcoin has been talked about for a long time a...

Location: Remotely Date: Wednesday 4th August Role: Author Hyperbitcoinisation is a belief that the current fiat monetary system is broken and a change is inevitable. Eventually, the hardest form of money will rise to the top and society will then adopt a Bitcoin standard, with Bitcoin as the world's dominant form of money and the base asset of the entire financial system. While to some this might...

Location: Remotely Date: Friday 6th August Company: Independent & Commodity Discovery Fund Role: Bitcoin Quant Analyst & Chairman In early 2019, PlanB released his now widely regarded Stock-to-Flow model (S2F). This model was built around the four-year halving cycle and is a way to track the scarcity of an asset. At current levels of issuance, Bitcoin has a stock-to-flow of 50, meaning it would ta...

Location: Remotely Date: Monday 9th August Company: Alameda Research Role: Co-CEO, Quant Trader While the Bitcoin market has grown massively over the last few years, in comparison to traditional markets, it is still somewhat immature. With a large number of inexperienced retail participants and derivative platforms offering huge leverage, just one tweet from an eccentric billionaire or a significa...

Location: Remotely Date: Tuesday 3rd August Company: ShapeShift / Independent Role: CEO, Founder / Developer, Consultant, Bitcoin Activist Erik Vorhees was a very early bitcoiner, drawn to it because of its alignment with his Libertarian beliefs. Erik created one of the first widely used applications on Bitcoin, Satoshi Dice. A 'provably fair' betting game that at one time made up around 50% of al...

Location: Remotely Date: Thursday 5th August Company: Independent, Bitcoin Magazine Role: On-chain Analyst, Director of Financial Markets & Research From early May to late July, the price of Bitcoin dropped substantially from ~$64k to below $30k. This was following a wave of negative press, a renewed ESG, anti-proof of work narrative and Elon Musk FUDing Bitcoin. During this time, the sentiment am...

Location: Remotely Date: Tuesday 3rd August Company: Unchained Capital Role: Head of Business Development For people new to bitcoin, it can be confusing at first. From public key cryptography to mining, block sizes to nodes, there are many new ideas to understand. However, bitcoin has a sound monetary policy at its core, and understanding this is the most important step in understanding it. Over t...

Location: Remotely Date: Friday 23rd July Project: Coindesk Role: Chief Content Officer Historically, the control of information was held mainly by powerful entities like the church, governments, or corporations. While the dawn of the internet age has made the ability to broadcast worldwide cheap and accessible, algorithmic curation is influencing our discourse. Now, the left v right paradigm is m...

Location: Remotely Date: Thursday 29th July Project: Hypersheet Role: Co-Founder Since mid-May, Bitcoin has ranged between $30k-$40k, following a build-up of negative news, from bans in China to concerns about energy use. While on-chain analysis showed strong signs of accumulation during this time and pointed to the bull run not being over, the price kept grinding lower. By July 20th, the price ag...

Location: Remotely Date: Tuesday 27th July Project: lynalden.com Role: Macroeconomist Nassim Taleb is a well-regarded author and statistician and one-time bitcoin bull who has since turned critic, claiming that it "can be neither a long or short term store of value" and that "its expected value is no higher than 0." Taleb recently wrote a black paper criticising bitcoin's ability to function as a...

Location: Remotely Date: Monday 19th July Project: Plan B Passport Role: Founder Bitcoin and libertarianism go hand in hand. As such, avoiding tax and limiting reliance on the government is a significant goal for many bitcoiners. Plan B Passport, a company set up with bitcoiners in mind, aims to make that happen, and through their work, they want to accelerate the 'Sovereign Individual' thesis. By...

SHOW DESCRIPTION Location: Remotely Date: Wednesday 21st July Project: Block Digest & Bitcoin Core Role: Host & Developer A core fundamental feature of Bitcoin is decentralisation. Being a distributed and decentralised network, Bitcoin allows anyone to transfer money to anyone else without relying on a third party or intermediary to authorise or facilitate the transaction. For years bitcoiners hav...

Location: Remotely Date: Monday 19th July Company: Blockstream, Lightning Labs Role: Researcher, Infrastructure Engineer The Bitcoin blockchain is an open public ledger, thus building privacy solutions on-chain is challenging. However, the Lightning network's design is a massive improvement in privacy as the tradeoffs are different. Lightning removes transactional friction with significant securit...

Location: Remotely Date: Thursday 15th July Company: Validus Power Corp, Bitcoin Magazine Role: Bitcoin Strategist, Director of Financial Markets & Research In Ray Dalio's video How the Economic Machine Works , he explains the concept of deleveraging long-term debt cycles. Currently, central bankers have pulled all the levers they can to avoid unwinding the supercycle of global debt, but eventuall...

Location: Remotely Date: Thursday 15th July Project: Strike Role: Role: CEO With Strike, Jack Mallers is taking on the traditional financial rails and neobanks by facilitating the sending of money anywhere in the world, near-instantly and for free. Strike does this by utilising the largest and best open monetary network of all time, bitcoin. After running a successful pilot campaign in El Salvador...

Location: Remotely Date: Wednesday 7th July Project: RaspiBlitz Role: Role: Developers Bitcoin operates thanks to a decentralised network of nodes whose job it is to maintain the network rules, known as consensus, and ensure all transactions and blocks are valid by keeping a copy of the entire history of the blockchain. Setting up a Bitcoin & Lightning node can be a daunting task for those that ar...

Location: Remotely Date: Thursday 5th July Project: aantonop.com / Freelance Role: Role: Speaker, Author and Educator / developer and Data Scientist The Lightning Network helps Bitcoin scale. As a layer two solution, Lightning takes transactions off the base chain and allows for near-instant transitions for a small fee. While Lightning Network is growing fast, there is still a learning curve to un...

Location: Remotely Date: Tuesday 6th June Company: Unchained Capital Role: Head of Business Development When people attempt to understand bitcoin, it is easy to get caught up in some of the myths we addressed in Gradually then Suddenly Pt 1 - Killing the FUD . In this Part 2 episode, we go deeper into the principles of monetary economics. Money solves the intersubjective problem of trade and facil...

Location: Remotely Date: Friday 25th June Company: Suredbits Role: Software Engineer Bitcoin's proof-of-work blockchain solves a specific problem: achieving consensus of a distributed ledger without a central authority. Out of this decentralised network, new properties emerge like censorship resistance and probabilistic finality. Bitcoin's success led to an explosion of altcoins, with most claimin...

Location: Zoom Date: Saturday 27th June Project: Tonga Role: Tongan Politician & Noble of the Realm. Following El Salvador's groundbreaking decision to make bitcoin legal tender, politicians from all over Central & South America, Africa and the Pacific Islands began putting laser eyes in their Twitter bios and publicly endorsing bitcoin. One of these politicians was Lord Fusituʻa, a Tongan politic...

Location: Remotely Date: Friday 25th June Project: CJ Wilson Racing, WBD Employee of the Month Role: Owner and founder, N/A CJ Wilson has led an exciting life. He was a two-time All-star during his decade-long major league baseball career, and he went on to found a professional sports car racing team. Given his understanding of sound money, bitcoin was something he had to pursue to protect his wea...

Location: Remotely Date: Tuesday 22nd June Project: Kraken Role: Head of OTC Options Trading Derivatives are contracts that allow traders to take a position with an asset based on possible outcomes; while they can provide dramatic rewards, they come with risk. Derivative exchanges have been a growing part of the maturing bitcoin ecosystem. However, with the rise of exchanges like FTX and Binance,...

Location: Remotely Date: Thursday 24th June Project: Hypersheet Role: Co-Founder Over the last few weeks, a significant amount of bad news and FUD has circulated bitcoin. Elon Musk publicly questioned the energy mix used by the bitcoin network shortly before the initial drop to ~$30k, and since then, Bitcoin has ranged between $30k and $40k. While other positive news has come to market, such as El...

Location: Remotely Date: Tuesday 22nd June Project: lynalden.com Role: Macroeconomist The new legislation in El Salvador making Bitcoin legal tender is a bold move for the country. As a dollarised nation and with remittance making up 15% of GDP, there are clear benefits in bringing bitcoin and the Lightning Network to the country. A catalyst for this move is the macroeconomic fallout of 2020 which...

Location: El Salvador Date: Friday 18th June Project: El Salvador Role: President Twenty years ago, El Salvador became a dollarised nation, bringing economic stability to the country and improving the country's potential for investment. However, it did so at the cost of giving up its monetary policy to the US Federal bank. Two decades later, following the COVID-19, the global economic outlook has...