What Bitcoin Did
What Bitcoin Did

Only Bitcoin Can Stop Government Corruption | Peter McCormack

January 8, 2026

AI Summary

5 min read

🎙️ The Voices & The Context

  • The Format: Casual, unscripted chat between longtime collaborators, blending personal banter, anecdotes, and deep political philosophy.
  • The Key Players:
    • Guest: Pete McCormick, ex-co-host of What Bitcoin Did, football club owner, coffee shop entrepreneur, and founder of the "I No Longer Consent" movement. Famous in Bitcoin circles but now laser-focused on UK's decay and constraining government power.
    • Hosts: Danny Knowles (podcast host, probing Bitcoin angle) and Connor (producer, chimes in on Vegas stories and UK outsider view from Australia).
  • The Vibe: Starts fun and nostalgic (Vegas gambling laughs), turns intense and frustrated on UK decline, ends passionate and hopeful about liberty-driven reform. Educational with Bitcoin undertones.

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What you'll learn

  • 1 (00:00) **🎙️ Introduction: Pete McCormick**
  • 2 (00:48) **Catching Up and Vegas Stories**
  • 3 (02:05) **UK Decline: Schools and Public Services**
  • 4 (06:23) **Political Incentives and Centralization**
  • 5 (09:39) **Asset Inflation and Housing Crisis**
  • 6 (13:33) **Labour's Unpopularity and Leadership Failures**
  • 7 (17:02) **Service Decline and Business Pressures**

+ Full timestamped outline available in the app

Show Notes

Peter McCormack is back on the show for a conversation on power, the state of the UK, and why the system is broken. We get into how debt, inflation, and centralised government incentives have hollowed out public services, destroyed the middle class, and turned politics into a fight over power rather than outcomes. Peter explains why inflation is the real tax, why asset inflation benefits elites at the expense of everyone else, and why neither the left nor the right is willing or able to fix the underlying problem.

THANKS TO OUR SPONSORS:

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FOLLOW:

Danny Knowles: https://x.com/\_DannyKnowles or https://primal.net/danny

Peter McCormack: https://x.com/PeterMcCormack

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