The Bitcoin Matrix Bob Burnett: Core Devs vs. Miners - Who Controls Bitcoin’s Future?
May 26, 2025
Bob Burnett, Founder and CEO of Barefoot Mining, shares his 40 years of technological expertise, advocating for decentralized Bitcoin mining. He critiques the disconnect between developers and miners, raising concerns about Bitcoin's governance and the psychological barriers affecting its adoption. The conversation delves into community schisms, the challenges posed by ageism, and the balance of simplifying transactions versus risks of spam. Burnett emphasizes the importance of self-custody and active participation for Bitcoin holders to navigate its evolving landscape.
AI Snips
Chapters
Books
Transcript
Episode notes
Bitcoin at Early Adopter Phase
- Bitcoin sits in the early adopter phase but must cross to the early majority for mass adoption.
- This jump is the hardest and requires managing different risk tolerances and tolerances for inefficiency.
Avoid Community Schisms
- Avoid Bitcoin community schisms that confuse and scare early majority adopters.
- Communicate clearly with confidence to encourage mainstream adoption, focusing on shared goals.
Transparent Decision-Making
- Solicit input from all stakeholders transparently before making decisions.
- Communicate decisions empathetically to ensure buy-in and avoid discord.
