Trace Mayer on Claiming Your Monetary Sovereignty with Bitcoin

Mr Obnoxious - A podcast by Peter McCormack

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Location: Laramie, Wyoming
Date: Saturday, 21st September
Project: Premier Ark LLC
Role: Manager

The unique properties of Bitcoin make it the hardest money which has ever existed and allows those who adopt it to claim their monetary sovereignty.

As the Bitcoin market cap has grown, those accumulating have had to condition themselves to a volatile price, with dollar-cost averaging a popular way of stacking sats.

Many people, however, still don't own their private keys, leaving their Bitcoin on an exchange or in the hands of a 3rd party custodian. In doing so, they miss one of the fundamental aspects of Bitcoin, claiming their sovereignty.

Before Bitcoin, gold was the traditional way to claim financial independence. Like Bitcoin, Gold allows holders to take wealth management away from banks and financial institutions. With this, gold is also a hedge or 'safe haven' asset during currency declines and/or recessions.

With the global economy, again looking fragile, will another economic downturn see Bitcoin, like gold, become a 'safe haven' asset?

In this interview, and for the second time in a week, I'm joined by accountant, lawyer and Bitcoin OG Trace Mayer. We discuss the U.S monetary system being unconstitutional, negative interest rates, gold vs Bitcoin and Proof of Keys.

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Connect with Trace:
- On Twitter @tracemayer
- On LinkedIn
- On Medium
- On CrunchBase
- His website: https://www.tracemayer.net/
- The Bitcoin Knowledge Podcast

Mentioned in the interview:
- The Great Credit Contraction by Trace Mayer
- Bitcoin Hashrate
- Negative interest rates
- Bitcoin Halving
- Xinjiang re-education camps
- QuadrigaCX Scandal
- Proof of Keys

Other relevant WBD podcasts:
- WBD151: Caitlin Long, Trace Mayer & Tyler Lindholm on Reducing the Size of Government
- WBD130: Bitcoin is More Than a Financial System with Zac Prince & Jeremy Welch
- WBD127 - Saifedean Ammous on Understanding Bitcoin Economics
- WBD120: Brian Quintenz on How the CFTC Regulates Cryptocurrencies
- WBD058: Trace Mayer on Why You Must Own Your Bitcoin Private Keys
- WBD042: Casa's Jeremy Welch and Alena Vranova on Crypto Custody

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