Bitcoin Mining Centralization Risks & Nation-State Game Theory | Bob Burnett

"If you believe, like I do, that Bitcoin in the course of the next century--and probably much, much sooner--becomes the base layer of all money, then access to that base layer becomes existential to your viability as a nation."

On this Bitcoin Talk episode of THE Bitcoin Podcast, Walker talks with Bob Burnett, Founder/CEO at Barefoot Mining. They discuss Bitcoin mining centralization risks, why Nation-States will be forced to mine Bitcoin, home mining, mining pools and block templates, strategic bitcoin reserves, the present and future state of Bitcoin mining, and a whole lot more.
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Chapters

00:00 Introduction and Background
09:49 The Risks of Complacency in Bitcoin
17:38 Mining Pool Centralization Concerns
39:30 The Future of Bitcoin Mining
42:11 The Future of Home Mining
43:14 The Role of Individual Miners
49:00 Types of Miners: Elephants, Horses, and Rabbits
58:08 Nation-State Control of Hash Rate
01:07:26 The Value of Block Space
01:13:59 The Future of Block Space and Marketplaces
01:21:22 Centralization Risks in Mining and ASIC Production
01:29:40 Geopolitical Risks and the Future of Mining
01:34:25 The Kardashev Scale and Bitcoin's Future
01:40:58 Hope for Bitcoin's Future and Political Shifts

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