The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin 57: Bob Burnett ON: Blockspace Matters
Oct 29, 2024
In this enlightening discussion, Bob Burnett, Founder and CEO of Barefoot Mining, shares his vast expertise in Bitcoin and technology. He argues that the scarcity of blockspace is just as crucial as Bitcoin itself. Bob explores how nation-states might influence Bitcoin mining and its implications for individual users. He emphasizes the need for decentralization in computing and its role in Bitcoin's evolution. Additionally, he discusses how rising blockspace fees could affect transaction dynamics, setting the stage for Bitcoin's future position.
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Bob's Background
- Bob Burnett's background is in personal computers, starting in the mid-80s.
- He became the CTO of Gateway, a Fortune 200 company, in the 90s.
Entry into Bitcoin
- Bob's journey into Bitcoin began with designing Ethereum mining equipment in 2017.
- This led him down the rabbit hole, eventually finding Bitcoin more compelling.
Decentralization of Computing
- The emergence of personal computers marked the decentralization of computing.
- This shift moved power from centralized entities to individuals.