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Onramp Media

The Last Trade E045: A Generational Reckoning with Jackson Mikalic

Apr 5, 2024
Guest Jackson Mikalic discusses topics such as gold hitting all-time highs, the debt spiral emerging, defending against financial repression, generational divides, the Great Decentralization, impacts of earthquakes on BTC mining, Coinbase's Lightning implementation, institutions getting burned by crypto, focusing on the signal of bitcoin, escaping the fiat mindset, and counterparty risk.
01:26:51

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin mining industry's resilience to unexpected events like earthquakes showcases its adaptability and anti-fragility.
  • Coinbase's integration of Lightning Network demonstrates progress towards efficient payment systems in cryptocurrencies.

Deep dives

Impact of Seismic Activity on Chip Manufacturing for Bitcoin Mining

Seismic activity, like the recent earthquake in Taiwan, can have significant effects on chip manufacturing facilities like TSMC, which produce chips for Bitmain and other Bitcoin mining companies. If production is disrupted, it can delay the delivery of mining machines and add more capital costs. This example highlights how unexpected events can impact the Bitcoin ecosystem's supply chain and hash rate.

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