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Only Bitcoin Can Stop Government Corruption | Peter McCormack

1/8/2026 · 103 min · transcript via mlx

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Key topics

— Peter McCormack explains why he left the "What Bitcoin Did" podcast and local Bedford activism to focus on building a national political movement around "I No Longer Consent," demanding codified constitutional constraints on government power.

— Government decay across the UK spans education (teachers buying supplies), NHS collapse, and business closure, driven by decade-long multi-party debt accumulation and inflationary monetary policy rather than a single party's ideology.

— Employment law, taxation, energy costs, and regulatory burden have destroyed the middle class and small business viability, leaving only large corporations and low-wage workers in a hollowed-out economy.

— Asset inflation (house prices up 1,500% vs. wages up 500% in 30 years) is the hidden tax that enriches elites while wage earners fall behind; neither left nor right addresses the root monetary cause.

— Immigration is now a cross-party debate; McCormack argues the issue is not identity or ethnicity but democratic accountability—the public deserves a vote on policy, and government must be constrained to execute its mandate without unelected quangos overriding it.

— Constraints on power through codified constitution and bill of rights are the only durable solution; Bitcoin plays a role in starving the fiat debt system but must not dominate messaging if building broad political consensus is the goal.

Market & price signals

— None discussed.

Actionable insights

— If you believe government operates primarily in the interests of ruling elites and special interest groups, support mechanisms that bind future governments to constitutional constraints rather than hoping individual politicians will reverse course.

— Withdrawing consent and building a voting bloc around specific demands (e.g., free speech protections, fiscal responsibility, immigration accountability) can force policy concessions even without controlling Parliament, as the libertarian movement did with Ross Ulbricht's release.

Episode sponsorships

Paid placements mentioned in this episode. BTC Pods is not sponsored by or affiliated with these advertisers. Links are included so you can find offers mentioned on the show.

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