300 episodes

Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, podcast host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.

What Bitcoin Did Peter McCormack

    • Business
    • 4.9 • 166 Ratings

Against many challenges, Bitcoin, the worlds first true cryptocurrency has survived for over a decade. With What Bitcoin Did, podcast host Peter McCormack talks to experts in the world of Bitcoin. From developers to investors, journalists to Bitcoin company CEOs, you will learn about everything that is happening in the world of Bitcoin.

    SurferJim Yells a Little Bit with SurferJim & American HODL

    SurferJim Yells a Little Bit with SurferJim & American HODL

    “If we lived in a world where you could trust your money, you could then trust your ability to just go work hard like you already do…when the money is fixed, all this b******t goes away.”— SurferJim
    Location: El SalvadorDate: Wednesday 5th MayCompany: n/aRole: n/a
    Bitcoin is an open and permissionless system that, by design, is available to anyone and everyone who wants to participate, without prejudice or bias. However, while the system is open to all, some of the participants in the system push strong narratives.
    As a decentralised system with no single entity in control, these bitcoiners and their narratives have been fundamental in helping protect the network from bad actors and those looking to exploit it for personal gain. 
    Some of these narratives are clearly beneficial, such as running a full node to help decentralise the network or pushing self-sovereignty through things such as not your keys, not your coins. However, several other narratives have become things that some groups of bitcoiners identify with, such as following a carnivore diet, anarchism and scepticism regarding vaccines. 
    How important are these narratives to bitcoin? And what makes someone a 'real' bitcoiner?
    In this interview, I talk to American HODL and Surfer Jim. We discuss bitcoin narratives & purity, shitcoins, NFTs, the bitcoin plebs and Surfer Jim's battle with Chamath Palihapitiya.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD346 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 47 min
    Value Investing and Bitcoin with Peter Doyle

    Value Investing and Bitcoin with Peter Doyle

    “There’s not many asset classes that could save you the way that bitcoin can, and I think people are just lazy and they’re not paying attention to what’s happening.”— Peter Doyle
    Location: RemotelyDate: Wednesday 21st AprilCompany: Horizon KineticsRole: Co-Founder & MD
    Value investing is a simple but highly effective strategy used by some of the world's most renowned traders, most notably Warren Buffet. These investors hunt out stocks that they believe to be trading below their true value. The theory is that the market overestimates both good and bad news, which means stock or asset prices can swing wildly askew of their actual value, and they then look to capitalise on this by buying cheap and holding for the long term.
    It is easy to argue that Bitcoin fits perfectly into this category. If you believe that Bitcoin has the potential to become the world's premier store of value and absorb a large portion of gold's market cap, then at a $1trillion market cap, bitcoin seems massively undervalued. However, many value investors, including Buffet, refuse to accept Bitcoin.
    Peter Doyle is a value investor who believes that bitcoin has a crucial role in our future. Not only just as a store of value and a hedge against inflation but also as a way of removing monetary policy decisions from the central bankers and politicians.
    In this interview, I talk to Peter Doyle, the Co-Founder and MD of Horizon Kinetics. We discuss the risks of high inflation, value investing in the current macro environment and why the world needs Bitcoin.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD345 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 6 min
    All In on Bitcoin with Sean Culkin

    All In on Bitcoin with Sean Culkin

    “Bitcoin is hope, and it is traveling, and people are becoming aware of it…I’m ready to do this and I don’t really view this as a risky thing.”— Sean Culkin
    Location: RemotelyDate: Monday 3rd MayCompany: Kansas City ChiefsRole: Tight End
    Sean Culkin rocked the sports world with his recent announcement that he is taking 100% of his $920K salary in bitcoin. Sean is not the first NFL player to dive into bitcoin, but he is the first to take his entire salary in bitcoin in a truly trailblazing move.
    Sean argues that athletes now need to "view themselves as corporations", and with many corporations now using Bitcoin as an inflation hedge, why should athletes be any different? Microstrategy CEO Michael Saylor described his cash position as being like a '$500m melting ice cube' when he led the charge. 
    In this interview, we discuss his journey to the NFL, taking his entire $920K salary in bitcoin and where his conviction comes from.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD344 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 9 min
    The Truth About Inflation with Lyn Alden

    The Truth About Inflation with Lyn Alden

    “CPI is a really crappy statistic for the most part… housing has gone up faster than CPI, food has gone up faster than CPI, healthcare has gone up faster than CPI, tuition has gone up faster than CPI, the cover price of the New Yorker magazine has gone up faster than CPI.”— Lyn Alden
    Location: RemotelyDate: Friday 26th, MarchCompany: lynalden.comRole: Macroeconomist
    Bitcoin was born out of the 2008 financial crisis when central banks worldwide started printing money at levels never seen before to bail out the banks for a mess they created. 
    Now, a decade later, amid a global pandemic, the money printer is again being used to rescue up a faltering economy. This time, the level of money printing dwarfs that of 2008/09.
    With the ongoing debasement of fiat currencies globally, inflation is more of a concern than ever before. Bitcoin offers a hedge against the threat of inflation, and with its sound monetary principles, it is the antithesis of the inequity and reckless money printing of central banks.
    Corporations are now using Bitcoin as an inflation hedge. When MicroStrategy announced their initial bitcoin purchase in 2020, CEO Michael Saylor explained that he was worried about their cash position being like a ‘$500m melting ice cube’. This sentiment has been echoed by many other corporations, with a record 47 S&P 500 companies citing ‘inflation’ in their 2021 Q1 earnings reports.
    The link between printing money and inflation is not black and white, so how is inflation measured? And what are the markets telling us? 
    In this interview, I talk to Lyn Alden, a macroeconomist and investment strategist. We discuss the growing concern of rising inflation, CPI as a measure and what the markets are signalling.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD343 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 8 min
    Bitcoin Tech #4 - Wrapped Bitcoin & Sidechains with Shinobi & Nadav Kohen

    Bitcoin Tech #4 - Wrapped Bitcoin & Sidechains with Shinobi & Nadav Kohen

    “Blockchains solve a very specific problem, that’s their big innovation, but they suck at pretty much everything else.”— Nadav Kohen
    Location: RemotelyDate: Tuesday 27th AprilCompany: Block Digest, SuredbitsRole: Host, Software Engineer
    Since Bitcoin’s inception, scaling has been a divisive topic. The very first reply to Satoshi Nakamoto’s email introducing the bitcoin whitepaper stated that “We very, very much need such a system, but the way I understand your proposal, it does not seem to scale to the required size.”
    The scaling debate came to a head in the block size wars. Part of the community wanted to scale bitcoin by increasing the block size. However, a larger section believed that scaling was better handled on other layers, culminating in 2017 with the BCash fork.
    Four years on and the market has decided that layered scaling is the preferred solution. Today, there are several approaches to off-chain settlement, and by experimenting with these on higher layers separate from the protocol, the security of Bitcoin can remain robust.
    These different second layers offer additional functionality and programmability not found on the Bitcoin base chain, but they do come with tradeoffs. Users should consider who or what they are trusting, be it a peg, a federation, a protocol, or a combination.
    In this interview, I talk to Shinobi, the host of Block Digest and Suredbits software engineer Nadav Kohen. We discuss Bitcoin scaling, the Lightning Network, wrapped Bitcoin and Liquid.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD342 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 59 min
    The Bitcoin Supercycle Revisited with Dan Held

    The Bitcoin Supercycle Revisited with Dan Held

    “The TL;DR of the supercycle theory: what happens when the world wakes up to Bitcoin?”— Dan Held
    Location: RemotelyDate: Tuesday 27th AprilCompany: KrakenRole: Growth Lead
    When Dan Held first wrote about a possible bitcoin supercycle back in 2019, the idea seemed far fetched. The bitcoin price was just under $10,000, and we were a few months away from the first reported cases of COVID-19.
    Now, 18 months on from that tweet, the idea of a supercycle is gaining traction. With governments around the world resorting to astonishing amounts of monetary and fiscal policy to temporarily prop up economies in response to COVID-19, the case for bitcoin has never been so clear. A new wave of investors has arrived, with bitcoin offering them a life raft from fiat currency debasement.
    In early February, Dan Held came on the show to discuss the Supercycle thesis, and since then, the price of bitcoin is up over 50%. Still, more critically, Tesla bought $1.5 billion worth of bitcoin in a move that plays nicely into the supercycle theory.
    In this interview, I talk to Dan Held, the Growth Lead at Kraken. We discuss his supercycle thesis, the macro elements that make this cycle different and why traditional investors are waking up to bitcoin.
    This episode’s sponsors:Gemini - Buy Bitcoin instantlyBlockFi - The future of Bitcoin financial servicesSportsbet.io - Online sportsbook & casino that accepts BitcoinCasa - The leading provider of Bitcoin multisig key security.Exodus - The world's leading Desktop, Mobile and Hardware crypto wallets.Ledger - State of the art Bitcoin hardware wallet
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    WBD341 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.

    • 1 hr 6 min

Customer Reviews

4.9 out of 5
166 Ratings

166 Ratings

Eldepher ,

Best Bitcoin Pod

Been a listener since 2018. Peter’s journey in the Bitcoin space is the most informative podcast for Bitcoin and how it is taking over money. It’s Bitcoin only, so not a comprehensive view on the full crypto ecosystem, but wysiwyg with WBD.

Ausie Keith ,

Aussie Keith

Thanks for the great work and the podcasts Peter love your show from down under. Wish I could go to Miami.

Nickelchook ,

Easy listening for non techs

I can thank Peter for being the biggest influence in me going down the Bitcoin rabbit hole. His affable, honest and humble nature really resonates with me. I just listened to his last interview with Lyn Alden - she gives me greater conviction every month! Cheers Dave

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