What Bitcoin Did Saving Bedford with Bitcoin | Peter McCormack
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Aug 19, 2025 
In this discussion, Peter McCormack, a seasoned Bitcoin podcaster and entrepreneur, dives into his intense legal battle against Craig Wright, revealing how UK libel laws influenced the case. He shares his mission to revitalize Bedford, highlighting how local business experiences reshaped his political outlook. McCormack underscores the challenges posed by government policies on entrepreneurship and advocates for community-driven solutions, all while exploring the potential of Bitcoin to empower societal change. This candid conversation is a blend of legal insights, local activism, and the transformative power of cryptocurrency.
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Nearly Bankrupted By Libel Lawsuit
- Peter describes getting served libel papers and entering a five-year legal nightmare that nearly bankrupted him.
- He recounts offers to settle that required admitting false statements and the real risk of losing everything including businesses and custody of assets.
How UK Libel Rules Can Be Weaponized
- UK libel law lets wealthy plaintiffs weaponize courts because defendants face crippling costs and the burden of proof structure.
- Peter's team turned the case by disproving Wright's 'serious harm' claims and forcing admissions that destroyed his credibility.
Don't Self-Represent In Major Libel Cases
- Avoid representing yourself in complex libel and civil hearings; legal procedure and advocacy are specialised skills.
- Hire experienced counsel early or you risk procedural errors that can cost your case and finances.
