// 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