In this episode of the Bitcoin Fundamentals Podcast, we interview Bob Burnett, a Bitcoin mining and technology expert. Bob explains why the value of a block is largely misunderstood and how the future of mining may differ from common assumptions. We discuss the forward marketplace for blockspace, the economic implications of its scarcity, and the evolving role of miners. Bob also shares insights into the strategic importance of securing blockspace for major corporations and the potential symbiotic relationships between mining and financial services companies. Tune in to learn about the dynamics of blockspace, the impact of Bitcoin on energy markets, and what the future holds for the Bitcoin ecosystem.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:17 - The often misunderstood value of a block.
05:33 - The future of Bitcoin mining and how it may evolve.
08:53 - The concept of a forward marketplace for blockspace.
21:59 - Why blockspace is both a commodity and absolutely scarce.
24:45 - The strategic importance of securing blockspace for major corporations.
30:11 - How miners are shifting from producing Bitcoin to offering blockspace.
37:09 - The potential impact of mining on financial services companies.
39:47 - How the value of a block is determined beyond just transaction fees.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Bob Burnett's website: Barefoot Mining.
- Related episode: Bitcoin's Hardware Future with Bob Burnett.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok.
- Check out our Bitcoin Fundamentals Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
Support our free podcast by supporting our sponsors:
- River
- Range Rover
- Public
- Toyota
- American Express
- Fundrise
- Vacasa
- USPS
- AT&T
- Sound Advisory
- BAM Capital
- Shopify
HELP US OUT!
Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm
