Citadel Dispatch
CD48: bitcoin initiatives by @blocks and @spiralbtc with @moneyball
Dec 14, 2021
blocks and spiralbtc discuss Bitcoin initiatives such as LDK and BDK, open source mining and hardware wallets, Beatrust endowment, Bitcoin mining rigs, and Hello Bitcoin project. They also talk about privacy challenges in mobile payments and the importance of hardware wallets for enhanced security.
01:40:36
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Quick takeaways
- Block aims to address the lack of competition in ASIC manufacturers by designing open-source ASIC chips and mining rigs for diverse mining needs.
- Block's hardware wallet project intends to create a low-cost device with an NFC interface, aiming to make Bitcoin more accessible for beginners.
Deep dives
Block's Exploration into Custom ASIC Chips
Block is exploring the development of custom ASIC chips for Bitcoin mining. The aim is to address the lack of competition and geographical concentration in current ASIC manufacturers. The initiative intends to design ASIC chips and mining rigs in an open manner, allowing other companies to build their own mining rigs. The focus is on creating ASICs that can be utilized in both industrial farm mining and individual home mining. There is also consideration for optimizing equipment for sustainable energy usage, including intermittent sustainable energy sources. By providing ASIC chips to partners in the ecosystem, the initiative aims to stimulate expansion and meet diverse mining needs in the market.
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