James Pierog is co-founder and CEO of Bitcoin Prediction Market, a new company back by Bitcoin startup accelerator Wolf, enabling bets on real-world events using the Bitcoin Lightning Network.
We explore what a prediction market is, why Bitcoin is the perfect medium for this, and what new forms of crowd intelligence through prediction markets could mean in an increasingly complex world.
Along the way we discuss the intersection of philosophy and mathematics, the wisdom of the crowd, AI, and the challenge of dealing with rapid change.
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Connect with The Transformation of Value
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Credits:
Music by Simon James French - https://www.simonjamesfrench.com/
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Links:
Bitcoin Prediction Market - https://www.bitcoinprediction.market/
James Pierog on X - https://x.com/BillyHongBeats
Rory Sutherland - https://www.youtube.com/watch?v=TIE6-xwv7_E
The Price of Tomorrow: Why Deflation is the Key to an Abundant Future by Jeff Booth - https://www.goodreads.com/book/show/50157837-the-price-of-tomorrow
Reality Boxes: And Other Black Holes in Human Consciousness by Ingo Swann - https://www.goodreads.com/book/show/27810694-reality-boxes-and-other-black-holes-in-human-consciousness
Frederick Soddy’s Debt Dynamics - https://economicsfromthetopdown.com/2020/09/12/frederick-soddys-debt-dynamics/
Debt: The First 5,000 Years by David Graeber - https://www.goodreads.com/book/show/6617037-debt
The Blocksize War: The battle for control over Bitcoin’s protocol rules by Jonathan Bier - https://www.goodreads.com/book/show/57429394-the-blocksize-war
James Scaur has a great story, first discovering Bitcoin in high school, teaching himself programming and starting a business, before going on to work at Cryptopia and Easy Crypto while travelling through Europe and Brazil. He is now launching some exciting projects including bringing Azte.co Bitcoin vouchers to New Zealand, and making Bitcoin more accessible in Te reo Māori.
Sam Trevethick is an award-winning music producer, songwriter and performer most renowned for his role as founding member of the live drum and bass group Shapeshifter. We talk about Sam’s music, his inspiration, and his Bitcoin story - drawing a thread between the dynamic creativity of music and understanding the implications of Bitcoin on the world.
Today I talk with Nicki and James in El Salvador. The couple left New Zealand, buying one-way tickets to El Salvador just over a year ago! We talk about what it is like in their new home and the hope and optimism that they see around them.
Andrew Begin is Director of Marketing at Galoy, a company building Bitcoin-native banking infrastructure for organisations. We talk about Galoy’s Bitcoin projects including the open-source Blink Wallet, made popular through Bitcoin Beach in El Salvador. I learn about the vision for the product as well as its Stablesats functionality and how this work. We discuss the power of communities taking ownership of their financial infrastructure, and the opportunities for grassroots Bitcoin adoption in Africa and Latin America. Finally we talk briefly about permaculture and regenerative farming and the connections with Bitcoin thinking.
I talk with G Sovereignty, a Bitcoiner based in Hong Kong and developing applications on Nostr as well as host of the Nostrovia Podcast. We talk about a presentation that G gave titled Bitcoin vs. The State: Four Phases of War, exploring the power dynamics of Bitcoin, its security model, and the steps that the state may enact as it begins to comprehend the true implications of Bitcoin upon its exorbitant privileges. We also discuss the future of Bitcoin-powered economies and what these might look like.