Tag: Bitcoin Bottom Line

The Bitcoin User Experience Is Still In Its Infancy

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In this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz discuss how the “sausage is made” internationally, why there is no pivot coming to save us and how fast food could be the next big winner for investors. Olszewics discussed how many people are coming to the realization of just how much power the Federal Reserve wields, which is much more than people in our generation ever imagined. “We are optimistic that things are going to reverse course and net assets will be saved, which is not the case.”

Everything is laser-focused on inflation right now, which means you are going to see high unemployment, housing mortgages evaporating, auto loans collapsing and consumer debt being at an all-time high. Inflation affects everything.

Wilson and Olszewicz discuss the effects of a credit-based economy. Wilson states, “We live in a country with over $90 trillion in debt and only $9 million in the money supply. This has caused the ice to start thinning, and eventually, someone will fall through the cracks.” Olszewicz continues, “That is the argument for the inability to raise our own government debt interest payments above 5%. It would exceed anything that we could even think about paying and be the single biggest line item other than the defense budget. Politicians often do not think about the impact of the money they are spending now and its potential to increase our future inflation.”

Olszewicz states, “It has only been 14 years since [the Bitcoin] white paper, the network was launched in 2009, and it has had 99.98% uptime. Over time, people age out of the CEO or CIO role and the new generation comes in and sees this as more than just an alternative asset.”

Wilson continues, “Social media platforms are only around 20 years old, which is only a little older than Bitcoin. People are being born now that do not know about how these platforms started, just that they are operational. It is similar in terms of smartphones. Some people forget that there was first Motorola, then Sidekick, and then came the iPhone. We are not even at the iPhone [stage] of Bitcoin yet.”

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Bitcoin Magazine

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November 13, 2022
Could Medical Debt Be The Black Swan Event That Takes Down The US Economy?

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In this episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by special guest Mike Hobart. He is an author at Bitcoin Magazine, a seed oil disrespecter and a former member of the United States military. Wilson, Olszewicz and Hobart open the episode by talking about what is currently happening in the investing space. Olszewicz states that there is currently no good news and we are seeing how rate hikes don’t work effectively.

Wilson has observed people starting to question inflation and interest rates while seeing that there is a person responsible for them. He believes the solution is the Bitcoin mantra: rules without rulers. Hobart remarks that energy companies have the potential to have a significant impact on the acceptance of bitcoin as well. “I believe that we will get a lot closer after energy companies like Exxon[Mobil], Chevron and ConocoPhillips become vocal about how they are using bitcoin mining to help with their production numbers and revenue. I have noticed that everyone wants to treat Bitcoin like a stock and equity or as a heavy rock like gold. It is both of these things and neither at the same time. The more information that is put out about Bitcoin, the more understanding people will have, and the adoption rate will begin to grow even more exponentially.”

Hobart closes the episode by sharing the threat medical debt has to our economy. “With the rest of the macroeconomic situation, the whole market is looking at housing because of 2008; oil, energy and gas because of Ukraine; as well as supply and shipping rates due to covid. I think the markets are going to have the black swan come from the health sector. In regard to diabetes, 10% of the population has diabetes, and 97 million people are prediabetic. About 40% of the population is or will be taking insulin. This does not account for all of the other metabolic diseases prevalent in society. There are trillions of dollars worth of medical debt in the United States, and nobody is talking about how this debt is going to affect the economy.”

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Bitcoin Magazine

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November 11, 2022
Bitcoin Mining Removes Methane From The Atmosphere

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In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by special guest Daniel Batten to discuss bitcoin mining using organic materials. Batten is an expert on methane and explains the benefits of bioavailable energy. “If you are taking your power source, such as natural gas that would otherwise stay in the ground, it is carbon positive when you take it out of the pipeline. This will contribute to carbon emissions and is absolutely the type of bitcoin mining we want to do.”

Batten goes on to talk about how there is another form of methane that does not come from the ground and is freely emitted into the atmosphere. “This comes from farms or anywhere you have anaerobically decaying organic matter, which are things that rot without air. Global warming is about several different emissions that all have their global warming potential. If we compare methane to carbon dioxide, methane is more warming and breaks down faster than carbon dioxide and then turns into it.”

The United Nations Environment Programme has stated that methane is the strongest lever to reduce climate change over the next twenty-five years. “This is because it increases at a parabolic rate and is 84-times more warming than carbon dioxide. If you can find a way to use it as a fuel source, you are removing it from the atmosphere.”

Wilson, Olszewicz and Batten discuss the benefits to our environment of using these emissions and potential ways to do so. They wrap up the episode by talking about how this is not a single-solution problem and many preventative measures will need to be put in place to impact climate change. Batten states, “There is enough landfill gas around the world to power the Bitcoin network many times over. Bitcoin does not produce enough energy to solve this problem single-handedly.”

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November 11, 2022
Bitcoin Is A Safety Net When Fiat Currencies Collapse

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In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz discuss current worldwide events. Wilson discusses how bitcoin has recently been a safety net. Olszewicz states, “Currencies appear to be collapsing on the government’s management. Japan and England have been a complete mess.” The pound is currently at an all-time low, along with many other currencies. Bond markets are doing historically worse than they ever have. Olszewicz says, “It does not make sense to me why the pound is up if England has been printing money and buying their own bonds.”

Wilson explains that all of the national banks lean into each other for stabilization. As trends change, we typically see a 5% or 10% wick over a long period of time. Now we are seeing 20-30% riffs, where the dollar is up 30% against these other currencies in a very short period of time. People are generally unaware of how interlinked all of the central banks are.

Wilson goes on to talk about risk as an investor. “When you are an investor, you want to put your money in a diversified portfolio of risk so you are not all risk, all the time. Bitcoin does not have a yield or natural interest rate so you have to manage your cash flow in order to operate. The problem is that during inflation, your cash flow is being burned much faster than you want.” Wilson believes that inflation is here to stay for quite a while.

Wilson and Olszewicz discuss using bitcoin as a transaction method. “If you want to do a transaction, you can buy bitcoin, send it to someone and they can sell it for cash right away. There is very little volatility between transaction periods. You can decide to exchange it all for cash or you could take a fraction in bitcoin and the rest in cash.” Olszewicz says that bitcoin is “an off-ramp for all of the central banking mismanagement.”

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Bitcoin Magazine

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October 19, 2022