2min chapter

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#1140 Gideon Powell On Bitcoin Mining, The Oil Industry, & Criminal Justice Reform

The Pomp Podcast

CHAPTER

Is Bitcoin a Venture Capital Fund?

Bitcoin is a venture capital fund. It strips out all emotions, all relationships. The only thing that matters is if you lower the price of power then you get to spend less on your operating expenses go down and make more money. And so I think not only do you have liquidity in the capital markets with Bitcoin now, you don't need to have cool relationships, communications. So I can hop on and find experts on any idea and then throw shit against the wall and see what sticks.

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