Bitcoin vs. Capitalism: A Radical Solution to the System’s Failure | Peter McCormack Podcast

Michael Dunworth is an Australian entrepreneur was one of the co-founders of Wyre, a Bitcoin payments and infrastructure provider established in 2013.

In this episode we discuss the societal challenges of our times: mental health, the economic burden of modern life, and the revolutionary role of Bitcoin. From Australia’s housing crisis to the psychology of dopamine-driven tech addiction, this conversation explores the realities of capitalism, critical thinking, and purpose. Learn how millennials and Gen Z are navigating a broken system and why Bitcoin is the antidote to financial lies.

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00:00:00 - Introduction
00:05:22 - Cost of Living Crisis
00:10:45 - Addiction to Technology
00:16:12 - Valuing Bitcoin
00:22:47 - The Concept of 'Time Billionaire'
00:28:33 - Overstimulation & Mental Health
00:34:56 - Bitcoin's Immutable Ledger
00:41:22 - The Importance of Math and Science
00:47:50 - The Traditional Financial System
00:54:30 - Societal Effects of Consumerism
01:00:48 - National Service
01:07:12 - Quantum Computing
01:14:12 - The Dangers of Nihilism
01:20:55 - Bitcoin and Future Generations

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EPISODE SPONSORS:
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Casa - https://casa.io/
› Ledn - https://ledn.io/
› Xapo Bank - https://www.xapobank.com/
› River - https://river.com/

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