Bitcoin Mechanic joins me to discuss the fundamentals of Bitcoin mining, Bitcoin’s energy usage, the importance of trust …
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Bitcoin Mechanic joins me to discuss the fundamentals of Bitcoin mining, Bitcoin’s energy usage, the importance of trust …
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source
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Timestamps:
0:00 – WiM Intro
1:25 – Helping Lightning Startups with In Wolf's Clothing
2:16 – What is Bitcoin Mining?
6:09 – Does Bitcoin Waste Energy?
15:48 – Bitcoin as an “Unriggable Game”
25:54 – Trust Minimization in Bitcoin
32:38 – The Art of Alpha Retreat
34:11 – The Farm at Okefenokee
35:21 – Mining vs HODL Culture
43:16 – What is the Coinbase Transaction?
49:48 – How do we make Mining more Decentralized?
57:52 – Bitcoin vs Shitcoins
1:05:00 – Blocksize War of 2017
1:12:53 – Heart and Soil Supplements
1:13:53 – Pragmatism vs Ideology in Bitcoin
1:28:12 – What is the Mempool?
1:34:54 – Dangers to Bitcoin’s Decentralization
1:40:00 – Ocean’s Vision for Bitcoin Mining
Will small blocks become a big problem for BTC in the future ?
The Bitcoin staking frenzy on the Babylon platform caught everyone’s attention on Thursday, with the BTC transaction fee soaring by a staggering 120x 🤔
This dude turned off comments for the israeli Palestine debate,A 3 hours plus debate and no comments. I think we know why.things were exposed that many peopke didnt know about the issue.and this dude decided to keep the comment section off
At this point I will mine XMR , 😊
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A lot of information here. I've taken interest recently in the Bitcoin saga so I'm not super knowledgable. Can't say I fully understand all of what was said here, but some of it is confirming my intuitions about what sorts of problems might happen with a system like this. I'm so tired of the carnival barkers that just praise Bitcoin like it's the most perfect, flawless, beautiful system ever developed. It's such a relief to hear these pro Bitcoin realists. Anything made by people will have issues. It will need maintenance, and unexpected problems and threats will continually emerge. Gotta keep after the weeds! Someone has to do the real work. On the downside, the 'woke' talk and 'men don't have periods' crap is an extraordinary contrast to the quality information here.
Still enjoying your show ❤️
What happens to the Miners when the last coin is mined out? Will the fees be worth while to support the continued mining?
@19:01 Boom! 💥 That's a solid synopsis!
bitcoin it is not money. it is 2nd singularity
Topo Chico in the glass is the best!
I LOVE THOS GUY. I will never use any pool but ocean. This guys effort WILL save Bitcoin in the very long run. THE other thing that save it is the many millions of tiny home mining machines that will be built into heating systems all over the earth.
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Mechanic ❤
Thanks for having me!