

The Peter McCormack Show
Peter McCormack
I’m just a retired rapper from Bedford, UK, trying to understand this crazy world.So I speak to smart people about money, power, politics and why things feel the way they do. Hosted on Acast. See acast.com/privacy for more information.
Episodes
Mentioned books

Apr 19, 2021 • 1h 1min
Ledger Hack Revisited with Pascal Gauthier & Matt Johnson - WBD336
Location: Remotely Date: Wednesday 14th April Company: Ledger Role: CEO & CISO In July last year, Ledger was the victim of a data breach, with hackers gaining customer email addresses, phone numbers and physical addresses. Over 270,000 people were affected by the hack. Pascal Gauthier, CEO of Ledger, previously came onto the podcast to answer questions shortly after the hack. Since the interview, Ledger asked to sponsor the podcast, and one condition was that they come back on the show and answer listener questions. I believe it is vital to have a healthy and competitive marketplace for hardware wallets, firstly to give customers a choice and competition between the manufacturers pushes them to be better. Listeners of the podcast still have questions regarding the hack, so I asked the Ledger CEO and CISO Pascal Gauthier and Matt Johnson to come on the show and answer some more questions and explain the changes they have made internally. Hosted on Acast. See acast.com/privacy for more information.

Apr 16, 2021 • 1h 14min
The Psychological Barrier of a $100k Bitcoin with Willy Woo - WBD335
Location: Remotely Date: Thursday 15th April Company: Hypersheet Role: Co-Founder Bitcoin has broken an all-time high again, rallying to over $64,000 this week, and it appears to be holding its ground with more new investors entering daily. Willy explains how he uses models that rely on moving averages to observe the rising "natural price" of bitcoin and how they help him identify the degree to which it is above or below a specific natural range. If it goes up or down too quickly, for example, it might be a good strategy to use a little leverage to ride it back to a more locally appropriate price. Managing risk is very important for traders, and Willy takes the time to explain how he uses various strategies to hedge his bets. He also clarified how I could manage my risk of not winning my bet with American HODL. In this episode, I talk to on-chain analyst and the co-founder of Hypersheet, Willy Woo. We discuss moving price targets, hedging my bet with American HODL, and some of the strategies and risks of trading. Hosted on Acast. See acast.com/privacy for more information.

Apr 14, 2021 • 1h 26min
Bitcoin v The Banks with Simon Dixon & Bill Barhydt - WBD334
Location: Remotely Date: Tuesday 13th April Company: BankToTheFuture, Abra Role: Co-Founder, CEO The banking system is a regulated Ponzi scheme driven by leverage and debt with onerous rules and powerful gatekeepers. When you are in the system, you are a slave to it, and worse still, the banks can freeze your payments and shut down your accounts. Simon Dixon envisions a future where we aren't beholden to deputized authoritarian institutions to move and store our money; he thinks we can achieve it by plugging decentralized and centralized systems together. And Bill Barhydt is helping build that future. While Bitcoin is a savings based economy that may help rid us from a world drowning in debt, there are still questions about how people with one foot in the old system, and another foot in the future, will make the transition while maintaining their privacy. While many promising solutions are in development, it's not clear exactly how we will be borrowing, transacting, and securing our wealth. In this interview, I talk to Simon Dixon, the Co-Founder of BankToTheFuture and Abra CEO Bill Barhydt. We discuss the legacy banking system, the fight for privacy, and the future of banking in a bitcoin world. Hosted on Acast. See acast.com/privacy for more information.

Apr 12, 2021 • 1h 9min
Bitcoin Rehab: BitcoinTINA Yells at Everyone with American HODL & BitcoinTINA - WBD333
Location: Remotely Date: Sunday 11th April Company: N/A Role: N/A With bitcoin currently sat at ~$60,000 and looking likely to break its previous all-time highs, the bull market is in full swing. After a massive end to 2020 with no signs of slowing, analysts predict anything from $100k to $300k+ in 2021. Are we still in the early stages of this bull market? Typically, bitcoin has had clear 4-year market cycles based around the halving; however, some people think this time may differ. In 2017, it was mainly a retail-driven bull market, with few institutions investing in bitcoin. Still, now with institutions following MicroStrategy's move, the market has matured, and we have big money investors buying up every dip. So, is this enough to prevent us from ever seeing an 80% drawdown again? Are we amid a supercycle? In this interview, I talk to American HODL & BitcoinTINA. We discuss the current market conditions, if we are in a supercycle, and Hodl and I bet another bitcoin, this time on whether the price reaches $300k in 2021. Hosted on Acast. See acast.com/privacy for more information.

Apr 9, 2021 • 2h 4min
COVID Lockdowns: One Year On with Zuby - WBD332
Location: Remotely Date: Wednesday 7th April Company: zubymusic.com Role: Rapper, Podcaster and Author With the emergence and rapid spread of COVID-19 in early 2020, governments worldwide opted to lockdown in an unprecedented move. After struggling to contain the spread of COVID and the deadliness and contagiousness relatively unknown, they argued that it was a temporary measure and a necessary step to take as they learned more about the virus. Now, one year on from the initial lockdowns and with vaccination programs well underway, many countries are on their way out of lockdown, but did the lockdowns work? And, was it a necessary reaction to the virus? In this interview, I talk to rapper, podcaster and author Zuby. We discuss the government's response to COVID, the economic and social impact of lockdowns, libertarianism, and the state's role. Hosted on Acast. See acast.com/privacy for more information.

Apr 7, 2021 • 1h 40min
Bitcoin HODL FOMO with Brady Swenson - WBD331
Location: Remotely Date: Monday 5th April Company: Swan Bitcoin Role: Head of Education The current bitcoin bull market has been unlike any before. While retail traders have led previous rallies with speculators looking for short term gains vs fiat, this time, institutions are here and buying vast amounts of bitcoin, and many have no intention of selling. The macro conditions this time around are entirely different. Bitcoin investing is no longer a speculative bubble, rather a rational response to the debasement of fiat currencies at an accelerating rate. Investors are looking for a store of value to protect their money from losing purchasing power. Bitcoin buyers and HODLers are not just looking at bitcoin as a way of making money, but truly seeing it for what it is, a hedge against inflation and the hardest money the world has ever known. This is the Bitcoin Renaissance. In this interview, I talk to the Head of Education at Swan Bitcoin, Brady Swenson. We discuss the bitcoin bull market and HODL FOMO, the transitional period between fiat currency and bitcoin and how the future role of state and government will change. Hosted on Acast. See acast.com/privacy for more information.

Apr 5, 2021 • 1h 4min
A Plague of Malice: The State v Julian Assange - WBD330
Location: Remotely Date: Tuesday, 30th March Company: SupportAssange.wauland.de Role: N/A A world where the people are afraid to hold institutions and governments accountable for their actions is a dystopian reality. Julian Assange founded Wikileaks in 2006 to defend against injustices, hypocrisy, and tyranny; he published the truth. And for these actions, he has spent ten years fighting for his freedom. Today is a call to action for everyone aligned with Bitcoin, freedom of speech, freedom of press, censorship-resistance, and justice. Take the time and donate to the defence of Julian Assange. In this special episode, I talk to Julian Assange's father and brother, John and Gabriel Shipton. My friend Janine also joins us to discuss the plague of malice regarding Julian's case, his alignment with the Bitcoin ethos, and how you can support his defence. Hosted on Acast. See acast.com/privacy for more information.

Apr 2, 2021 • 1h 5min
Bitcoin's Path to $10 Trillion with Cameron & Tyler Winklevoss - WBD329
Location: Remotely Date: Wednesday 31st March Company: Gemini Role: Co-Founders Earlier this year, bitcoin hit a significant milestone when the market capitalisation (the price of the entire current supply) hit $1trillion for the first time. As Cameron Winklevoss said, "from white paper to $1 trillion, bitcoin is eating gold alive." Cameron and Tyler expect this trend to continue. With bitcoin as digital 'gold 2.0' that is more scarce, transferable and a better store of value than gold, it is just a matter of time until it eclipses gold's $10 trillion market cap. To welcome the show's newest sponsor, I talk with Cameron & Tyler Winklevoss, Gemini's co-founders. We discuss their case for $10 trillion bitcoin, sponsoring devs, proof of reserves and whether governments will ban bitcoin. Hosted on Acast. See acast.com/privacy for more information.

Mar 31, 2021 • 1h 6min
Bonds, Inflation and the GBTC Premium with Lyn Alden - WBD328
Location: Remotely Date: Friday 26th, March Company: lynalden.com Role: Macroeconomist This month we have seen the markets signal an expected increase in inflation; while bond prices are a good indicator, Lyn Alden explains that just looking at bonds or the Consumer Price Index (CPI) does not tell the whole story. Price changes can vary wildly in services, commodities, and especially asset prices, but inflation affects different people in different ways. Outside of inflation, Bitcoiners have been looking closely at the Grayscale Trust (GBTC) recently and specifically the premium. I asked Lyn why people would pay less (or more) than the market price of Bitcoin for shares of GBTC. There are several reasons that GBTC is down recently, one of which is the potential approval of a Bitcoin ETF. Canada recently approved a Bitcoin ETF, with significant demand. An ETF in the United States is still being held up by regulators, despite increasing applications from institutions like Fidelity. But the rumour is one is right around the corner, and it would likely have significantly more demand than Canada's. In this interview, I talk to Lyn Alden, a macroeconomist and Lyn Alden Investment Strategy founder. We discuss bond yields, the effects of the rising inflation rate, the GBTC premium, and potential Bitcoin ETFs. Hosted on Acast. See acast.com/privacy for more information.

Mar 29, 2021 • 1h 16min
How to Trade the End of a Bull Market with Willy Woo - WBD327
Location: Remotely Date: Thursday 25th March Company: Hypersheet Role: Co-Founder In the first two weeks of March, the bitcoin price bounced from around $45k to a new all-time high and local top of $62k. The price then dropped significantly, with many blaming CryptoQuant for the sell-off after posting a message in their Telegram group saying, "18,961 #BTC ($1,145,210,023) aggregated inflow to #Gemini: be careful downside risk from whale dumping" just moments before the price began to crash. While the data was accurate and someone moved a large amount of bitcoin into a Gemini wallet, it was misleading. The move was from BlockFi into Gemini's custodial wallets. But during these dumps, who are the buyers? Willy thinks the people buying the dip are 'Rick Astleys'; HODLer's of last resort who 'never give up, or desert bitcoin'. In this episode, I talk to on-chain analyst and the co-founder of Hypersheet; Willy Woo. We discuss the drop from $62k, Cryptoquant's analysis, the "Rick Astleys" buying the dip and how to catch the top of the market. Hosted on Acast. See acast.com/privacy for more information.


