Old Man Yells!

In this episode Bob discusses the impact of the Biden Excise Tax proposal called DAME. With it, the Biden Administration is budgeting a 30% tax on Bitcoin mining electricity consumption. This is a frontal attack on Bitcoin and the manner in which the Bitcoin fights back is critical. There are several potential strategy but Bob asserts that the one the community should rally around is that it is an assault on freedom and privacy and it gives the government the power of being a moral authority on energy consumption. Everyone, even Bitcoin haters, should be alarmed and afraid of the Pandora Box this would open. Fight back. Write your congress people, your senators, and your governor (states rights are infringed as well.)

In this episode Bob expands more on the value of Bitcoin and the blockchain itself. Bitcoin is much more than a monetary network, it is a point of truth, maybe the only point of truth, for all of society. As time goes by, space will become more and more precious and more and more expensive.

The spike in blockspace usage and the associated fees gave us a glimpse of the future. Not only will this get expensive but it will be a catalyst to big changes in the Bitcoin ecosystem and in how Bitcoin users interact with the base layer.

Third and final installment of a series on publicly traded Bitcoin mining companies. In this episode Bob discusses some of the dark side of being a public company and specifically why he believes it is impossible to be a public Bitcoin mining company and consistently operate within the ethos of Bitcoin.

Core Scientific's implosion is a classic example of what happens when the ethos of Wall Street takes over a company - especially a Bitcoin company. In this show, Bob reviews the clues to the implosion that were laid out right in Core's S1, reflects on the massive mistakes that took place in the eleven months between their IPO and bankruptcy, and offers some insight in the damage they caused - damage that extends well beyond just their shareholders.