EPISODE 3

In this podcast episode, we share:

  • Growing popularity of Bitcoin and the evolution of the mining space
  • Challenges around financing in the role of ASIC
  • Consolidation of the hash rate and resiliency of the Bitcoin network
  • How the new Bitcoin futures ETF will affect mining
  • Alex’s thoughts around Ethereum and proof of stake system vs. proof of work system
  • Opportunities for retail investors in syndicated investment vehicles and options for investing in mining
  • What the infrastructure for mining entails and the concept of Bitcoin as a global reserve currency
  • Decentralization vs. centralization and authoritarianism vs. individual sovereignty
  • Securing the Bitcoin network and creating hope for the future  

Memorable Quotes:

  • “I think that the Bitcoin ETF…It’s just lending more credibility to the space, more legitimacy to Bitcoin as an asset class as an institutional grade investment.”
  • “There’s all of these mechanisms that allow for the minimization of volatility and the stabilization of the operations of Bitcoin mining business that are going to make it easier and easier to invest larger and larger amounts of capital and be operating on longer and longer time horizons. That is really going to be like we’re watching this industry go from the gold panning of the mid 1800s.”
  • “But you fix the money, you fix the incentives, you fix a lot of the things…causing us to go in the direction we’re going in…I happen to be in the camp that really believes that Bitcoin has the potential to do that, and therefore I’m deeply hopeful for the future.”  

Links Mentioned:

Luxor Technologies – https://www.luxor.tech/
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Michael Hearne

Michael Hearne is the CEO of Decentral Publishing and the host of the Uncensored Crypto docuseries.