Bitcoin Breaking Into Traditional Finance

Bitcoin Breaking Into Traditional Finance

Author: Brad Mills April 27, 2021 Duration: 2:08:20
Brad Mills invites financial expert Greg Foss onto the show to talk about Bitcoin breaking into traditional finance. Greg discusses his 30 years of experience in the field of engineering and finance. Greg further explains to Brad the differences between a closed end fund and an ETF, and why a closed end fund in Canada is a big step for Bitcoin. The two debate about the current financial system; Brad on the side that it’s a ponzi scheme casino and Greg on the side of mathematics. Finally the duo speculate about the current state of the Canadian economy, and what Bitcoin might be able to do to help. Timestamps 00:00:07 - Introduction 00:02:23 - Show start 00:04:44 - QBTC vs Bitcoin, what’s the difference? 00:07:04 - The importance of tax deferred accounts permitting Bitcoin 00:14:11 - Differences between an ETF and a closed end fund 00:22:10 - Archegos “black eye on the US hedge fund community” 00:25:17 - Currency Wars discussion and other book recommendations 00:28:00 - The Casino for whales debate 00:37:34 - A brief economic history lesson about Rogers Communications 00:44:44 - Credit rating arbitrage discussion 00:48:05 - Shareholder profits, taxpayer losses. 00:55:40 - Understanding capital structure and the regulated market 01:04:00 - Quebec pensioners and lessons about risk 01:08:40 - The higher perspective of the regulated economy 01:12:45 - Bitcoin as default protection 01:15:55 - Why do banks have equity? 01:19:43 - Toxic debts and brady bonds conversation 01:28:55 - How equalization affects Canadians 01:33:05 - What if Canada owned Bitcoin? 01:36:04 - The Alberta situation and Canadian economic speculation 01:40:14 - Discussion on the adoption of Bitcoin 01:47:25 - Validus Power Company discussion 01:52:10 - Bitcoin and it’s relation to traditional finance giants, MMT 02:00:50 - Closing remarks about gold 02:04:39 - Outro and social media plugs

Hosted by Brad Mills, Magic Internet Money is a conversation about Bitcoin from the ground up. Brad isn't a programmer or a Wall Street analyst; he's an early adopter who examines this technology through the lens of an everyday user. This perspective shapes the entire podcast, focusing on practical understanding over technical jargon. You'll hear discussions that frame Bitcoin as more than an investment-exploring its role as programmable money for the internet, a peer-to-peer cash system, and what many call digital gold. The show digs into why this open-source invention is viewed as a foundational shift, touching on its potential as an uncensorable tool for free speech and a new store of value. Episodes connect the dots between technology, personal sovereignty, and financial self-improvement, making complex ideas accessible. It’s for anyone curious about how Bitcoin intersects with business, technology, and daily life, presented without pretense. Tune in for straightforward talk about what this digital asset class means for the future, all from someone who believes it's the best form of money we've ever seen.
Author: Language: English Episodes: 70

Magic Internet Money
Podcast Episodes
Canadian Politics, Money Printing, and Championing Bitcoin [not-audio_url] [/not-audio_url]

Duration: 1:50:02
In this episode, Brad sits down with Sunny Ray and Kyle Kemper. Ray is the cofounder of one of the largest exchanges in India, Unocoin, while Kemper is Justin Trudeau's half-brother and a diehard Bitcoiner. Ray and Kempe…
Fabric Protocol and Bitcoin Development [not-audio_url] [/not-audio_url]

Duration: 2:11:25
In this episode of Magic Internet Money, host Brad Mills invites lifelong hacker and Bitcoin entrepreneur, Eric Martindale onto the show to discuss Bitcoin, his journey working as a developer for Bitcoin related companie…
Navigating the Cryptocurrency Chessboard [not-audio_url] [/not-audio_url]

Duration: 1:56:12
On this episode of Magic Internet Money host Brad Mills invites investment strategist Lyn Alden, and analysts Dylan LeClair, and Checkmate onto the show to get into the thick of the technology of blockchains, namely on t…
Freedom Currency for the Freedom Convoy [not-audio_url] [/not-audio_url]

Duration: 2:12:52
On this episode of Magic Internet Money, host Brad Mills invites Freedom Convoy activist and Bitcoin advocate, BJ Dichter onto the show. They discuss his experience with the Freedom Convoy movement and the consequent pro…
Thinking Clearly about the Banking System [not-audio_url] [/not-audio_url]

Duration: 2:16:09
Frances Coppola (author of The Case for People’s Quantitative Easing) joins Brad Mills to break down the evolution and inner workings of the financial system. The two walk through the last 100 years of changes to central…
Bitcoin Entrepreneurialism [not-audio_url] [/not-audio_url]

Duration: 1:27:05
Episode Intro In this episode, Brad sits down with Anthony "Pomp" Pompliano. Pompliano — colloquially called Pomp, is an entrepreneur, investor and podcast host. He's also one of the most recognizable personalities in cr…
Zion: The Lightning Social Network [not-audio_url] [/not-audio_url]

Duration: 1:18:12
On this episode of Magic Internet Money, host Brad Mills meets with entrepreneur Justin Rezvani to discuss his social media project, Zion. Inspired by a censorship-heavy environment on large social media platforms whose…
Bitcoin, DeFi, and Long-Term Perspectives [not-audio_url] [/not-audio_url]

Duration: 1:36:41
Brad Mills talks about the issues he sees in the current Web3 landscape and venture capital’s role in shaping it. He discusses how NFTs, DeFi yield farming, and memecoins are a potential blackhole for uninformed investme…
Cape Breton Bitcoin Culture [not-audio_url] [/not-audio_url]

Duration: 2:27:36
Brad Mills invites fellow Cape Breton bitcoiners Steven Manley and Dominic onto the show to discuss early adoption of crypto and its relation to Cape Breton culture. Steven talks about his past involving early cryptograp…
Exploring Brad’s Bitcoin Backstory [not-audio_url] [/not-audio_url]

Duration: 2:25:59
This is the second episode with Go Full Crypto podcast hosts Keegan Francis and Mrugakshee Palwe. I managed to do an in-person interview with them in my homeland of Cape Breton, Nova Scotia. The major focus of this podca…