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Bitcoin
Bitcoin is a vortex of positive incentives. You just can't escape it, rightlike, you're paid to help the net proliferate. We have never, as humanity, seen anything like this. The incentive to take down bitcoin has been there in an open market,. with multi billion dollars of bounty for anyone that can do it, for 12 years. So it is fascinating when you play it out, and it just feels like it just takes time and im awareness.
Dan Roberts, Co-Founder & Co-CEO of Iris Energy, joins me for an in-depth conversation about Bitcoin Mining. We discuss what it's like running a Bitcoin Mining company, Bitcoin Mining's energy & production costs, how Bitcoin encourages entrepreneurship & the future of Bitcoin mining.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: [https://www.swanprivate.com/breedlove]
GUEST
Dan's Twitter: https://twitter.com/danroberts0101
"Iris Energy" Website: https://irisenergy.co
PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
Outline
00:00:00 “What is Money” Intro
00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:01:37 Introducing Dan & his story into Bitcoin
00:06:48 What led Dan to Bitcoin Mining?
00:10:56 What is Bitcoin Mining?
00:15:38 Relationship between Bitcoin Price & Cost to Mine?
00:19:19 Correlation between Hash Rate & Bitcoin Price
00:25:07 Explaining the “51% Attack” & Why Bitcoin Incentivizes Honesty
00:36:12 Explaining Bitcoin Energy Consumption
00:41:52 Watch "Hard Money with Natalie Brunell" From Swan Studios
00:42:37 Take Control of Your Healthcare with CrowdHealth!
00:43:36 How Bitcoin brings back Honesty in Energy Prices
00:47:50 How is Bitcoin is the “Buyer of Last Resort” for Energy?
00:50:00 Discussing Regulated & Unregulated Operating Markets
00:55:37 How has China Bitcoin Mining Ban Impacted the Mining Market?
01:00:58 Bitcoin Incentivizing Entrepreneurship & other Positive Externalities of Bitcoin Mining
01:08:12 Will Bitcoin help Accelerate the Production of Cheaper Power?
01:11:30 Explaining how “Iris Energy” is “Leading Mining Efficiency”
01:15:38 Discussing the Future of Bitcoin’s Energy Mix
01:20:00 What is it like Working in Bitcoin Mining?
01:22:27 Where to find Dan’s Work
01:23:21 “What is Money” Outro
SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22
WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true
RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove
Invest with a licensed Bitcoin advisor through DAIM: https://daimio.typeform.com/RobertBreedlove
Join Me At Bitcoin 2023, pre-order your tickets now (for a chance to win 10M sats, use discount code BREEDLOVE): https://b.tc/conference/2023
Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/
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