Jan Čapek joins me to discuss the problems with the centralized production of Bitcoin mining hardware, the significance of free market competition, and the morality of Bitcoin. 

Jan Čapek is a software engineer and entrepreneur. He is the Co-founder of the Bitcoin mining solutions BRAIINS. 

// GUEST // 
Twitter: https://twitter.com/janbraiins 
Website: https://braiins.com/

// SPONSORS // 
In Wolf's Clothing: https://wolfnyc.com/
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CrowdHealth: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet: https://wasabiwallet.io/
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// OUTLINE // 
00:00:00 - Coming up 
00:00:33 - Intro 
00:02:07 - Helping Lightning Startups with In Wolf's Clothing 
00:02:53 - Introducing Jan Čapek 
00:03:12 - Bitcoin Journey of Jan Čapek and Braiins 
00:05:51 - The Hash Power Distribution in Europe 
00:06:27 - Target Clientele of Braiins 
00:07:44 - Centralized Production of Bitcoin Mining Hardware 
00:11:27 - The Incentive-based Market of Bitcoin Mining 
00:12:48 - The Market Cap of Bitmain 
00:13:29 - Technological Shifts in Bitcoin Mining Tools 
00:16:58 - Possible Risks of Centralized Manufacturing 
00:17:58 - The Alternative Business Model by Braiins 
00:20:39 - Maximize Your Profits with Gold Investment Letter 
00:21:35 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:22:31 - Take Control of Your Healthcare with CrowdHealth 
00:23:33 - ASICBoost and the Bitmain controversy 
00:27:07 - How Bitmain Used the ASICBoost Feature 
00:28:29 - How the Western Market Players Failed 
00:29:44 - Free Market Competition: Solution or Problem? 
00:33:50 - Market Competition: Big Players vs. Smaller Players 
00:37:08 - The Spectre of Hardware Backdoors 
00:38:44 - The Difference between Safety and Security 
00:41:05 - Applying Game Theory in Bitcoin Mining 
00:44:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:44:58 - Hold Bitcoin in the Most Secure Custody Model with Casa 
00:45:44 - Incentivizing the Free Market Competition 
00:46:56 - Bitcoin Encourages Self-Interest 
00:47:36 - The Rationality of BRC20 Implementation 
00:49:43 - The Legitimacy of a Permissionless System 
00:51:34 - How to Protect People from Scams 
00:53:01 - Will the Demand for Blockspace Lead to Layer-2 Development? 
00:54:53 - The Virtuous Cycle of Bitcoin Network Development 
00:55:37 - The Morality of Bitcoin 
00:58:02 - The Block Subsidy Debacle 
00:59:17 - Stratum V2: The Next-Gen Protocol for Pooled Mining 
01:06:03 - The Impact of the Stratum V2 Update 
01:09:08 - Where to Find Jan on the Internet 

// PODCAST //
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