🎙️ My guest today is Preston Pysh, engineer, Apache helicopter pilot, partner at Ego Death Capital VC, and co-founder of The Investor’s Podcast Network.
This episode was AMAZING! Preston is one of my favorite Bitcoiners to listen to, because he is one of the brightest minds in Bitcoin yet has an uncanny ability to break things down to an understandable level. I actually find a lot of similarities between Preston, Saylor and some others like Joe Kelly (another recent guest of yours) since they all have an engineering or related background that allows them to understand complex systems. They all “get” Bitcoin at a very deep level and can somehow communicate their understanding really effectively.
Preston absolutely blew me away with his explanation and breakdown of Bitcoin Treasury Companies. In particular, his analogy of Saylor building a transmission and his description of gears on a bike for going up and down a hill was incredible! I had never heard anyone explain it like that, and it made perfect sense! Unreal. And his statement that Saylor is essentially stripping the volatility out of the securities to provide income to boomers really got me thinking.
Also got a TON out of your discussion about stablecoins, and how they are basically tokenized sovereign debt issuance. His explanation of how they will bring about an increased frequency of exchange, and how that ultimately helps Bitcoin was fascinating to consider. His question of “how does Bitcoin get to $10 million per coin without stablecoins?” really made me think.
There is so much more discussed from debasement rates to mNAV, but a final topic that absolutely blew me away was his thesis that ultimately KYC will become less important, and we likely have to move to a consumption based tax system because governments will not be able to “peek” into Bitcoin the way they can with fiat. That was absolutely fascinating!
I can’t do it justice in my review/comments, but suffice it to say, that this was an incredible interview and anyone that is even remotely interested in Bitcoin HAS to watch it. Pure freaking gold! 🔥
This episode was AMAZING! Preston is one of my favorite Bitcoiners to listen to, because he is one of the brightest minds in Bitcoin yet has an uncanny ability to break things down to an understandable level. I actually find a lot of similarities between Preston, Saylor and some others like Joe Kelly (another recent guest of yours) since they all have an engineering or related background that allows them to understand complex systems. They all “get” Bitcoin at a very deep level and can somehow communicate their understanding really effectively.
Preston absolutely blew me away with his explanation and breakdown of Bitcoin Treasury Companies. In particular, his analogy of Saylor building a transmission and his description of gears on a bike for going up and down a hill was incredible! I had never heard anyone explain it like that, and it made perfect sense! Unreal. And his statement that Saylor is essentially stripping the volatility out of the securities to provide income to boomers really got me thinking.
Also got a TON out of your discussion about stablecoins, and how they are basically tokenized sovereign debt issuance. His explanation of how they will bring about an increased frequency of exchange, and how that ultimately helps Bitcoin was fascinating to consider. His question of “how does Bitcoin get to $10 million per coin without stablecoins?” really made me think.
There is so much more discussed from debasement rates to mNAV, but a final topic that absolutely blew me away was his thesis that ultimately KYC will become less important, and we likely have to move to a consumption based tax system because governments will not be able to “peek” into Bitcoin the way they can with fiat. That was absolutely fascinating!
I can’t do it justice in my review/comments, but suffice it to say, that this was an incredible interview and anyone that is even remotely interested in Bitcoin HAS to watch it. Pure freaking gold! 🔥
Larry, you remember that when we used to read the newspapers, once upon a time, there was a movies review section?
So you’re it, in the new age.
You’re the best reviewers and I look forward to reading your review and critique after every episode. You never fail!
I’d add it to my bio if I were you - “no. 1 pods & content reviewer” or something along those lines 🙏🏻🧡 god bless you