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Why Is Proof of Work Important to You?
Bitcoin represents innovation in our electrical grid, you know, making it more reliable. But when you talk to policymakers, I think they have a lot of people lobbying in their ears. If you look at proof of stake, it goes exactly against the ethos of Bitcoin. And so Bitcoin, everybody has a chance to win it.
Sam sat down with Synota Co-Founder and CEO Austin Mitchell and Sphere 3D CEO Patti Trompeter to discuss how Bitcoin mining operations are becoming more efficient, why miners represent long-needed innovation for the energy industry, and what may be behind the recent explosion in Bitcoin’s hash rate.
Timestamps:
00:00:00 “Swan Signal” Intro
00:01:39 Introducing Patti and Austin
00:02:26 Patti’s Journey from the Secret Service and into Finance and Bitcoin
00:05:00 Austin’s Background in the Energy Sector
00:07:02 Benefits of Bitcoin Mining, Innovations, and Educating Lawmakers
00:14:22 Why Does “Proof of Work” Matter?
00:18:48 How Should States View Bitcoin Mining?
00:23:50 How will Miners and Mining Companies Become More Efficient in the Future?
00:31:25 Synota: The Transitive Energy Solution
00:41:12 Sphere3D Mining
00:44:36 Learning Lessons from the 2021 Bull Market
00:51:41 How Does Bitcoin Make You Feel About the Future?
00:54:16 Whats the Next Big Thing Bitcoin Will Fix?
00:56:20 How to Connect with Patti and Austin
00:57:31 “Swan Signal” Outro
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