How Bitcoin Mining Can Help You Monetize Your Energy

Sam Wouters joins me to discuss Bitcoin mining, what ultimately secures the network, and the misconception about Bitcoin’s energy expenditure. 

Sam Wouters is a research consultant and an international speaker. He is currently working as a Bitcoin research analyst at River Financial. 

// GUEST // 
Twitter: https://twitter.com/SDWouters 
Website: https://samwouters.com/ 
Blog: https://blog.river.com/author/sam/

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// OUTLINE // 
00:00:00 - Coming up 
00:00:59 - Intro 
00:02:32 - Helping Lightning Startups with In Wolf's Clothing 
00:03:19 - Introducing Sam Wouters 
00:03:54 - Introduction to Bitcoin Mining 
00:05:18 - Bitcoin Miners: Who They Are and What They Do 
00:08:28 - The Bitcoin Mining Lottery System 
00:10:22 - The Misconception about Bitcoin's Energy Expenditure 
00:14:08 - Understanding the Fixed Supply of Bitcoin 
00:15:50 - Proof of Work vs. Proof of Stake 
00:19:11 - Monetization of Energy through Bitcoin Mining 
00:20:40 - The Importance of Bitcoin Mining 
00:24:37 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:25:34 - Maximize Your Profits with Gold Investment Letter 
00:26:30 - Take Control of Your Healthcare with CrowdHealth 
00:27:32 - Energy Expenditure Secures Bitcoin 
00:30:37 - The Rational Answer to the Energy Expenditure Question 
00:33:29 - Energy Consumption is Integral to Civilization 
00:34:57 - The Recent Hike in Bitcoin’s Global Hash Rate 
00:40:41 - Increase in Hash Rate Represents the Resilience of Bitcoin 
00:45:10 - Central Planners are Betting against the Individual's Self-Interest 
00:48:05 - Nation States on Bitcoin Mining 
00:52:03 - Bitcoin Mining Network is Immune to Government Restrictions 
00:53:25 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
00:54:16 - Hold Bitcoin in the Most Secure Custody Model with Casa 
00:55:05 - What Ultimately Secures the Network 
00:58:20 - The Relation between Security Budget and Bitcoin's Scarcity 
01:00:07 - Where are We with Bitcoin Adoption Globally? 
01:05:49 - The Future of Bitcoin Adoption 
01:08:06 - The Right Approach to Orange-Pilling Someone 
01:11:29 - Pain is the Ultimate Factor 
01:13:24 - Where to find Sam on the Internet

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