If you believe, like I do, that Bitcoin in the course of the next century,
BITCOIN MINING CENTRALIZATION & NATION-STATE GAME THEORY | Bob Burnett (THE Bitcoin Podcast)
"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."
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1 If you believe, like I do, that Bitcoin in the course of the next century, 2 and probably much, much sooner, becomes the base layer of all money, 3 then access to that base layer becomes existential to your viability as a nation.
4 So if I have that, if I have twice a week, I have 8,000 transactions 5 that I can make with anybody in the world, I can do the business of my country, 6 I can do the business of the corporations, 7 and I can do the business of the citizens of my country 8 in a way that cannot be impeded by anybody else.
11 And if I do not, if I have no blocks, 12 even if I have 5,000 Bitcoin or 50,000 Bitcoin, it doesn't matter, 13 I am subject to the whims of the others, whomever they are.
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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.
So if I have that, if I have twice a week, I have 8,000 transactions
that I can make with anybody in the world, I can do the business of my country,
I can do the business of the corporations,
and I can do the business of the citizens of my country
in a way that cannot be impeded by anybody else.
Show notes & resources
"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, the present and future state of Bitcoin mining, and a whole lot more.
