The Pomp Podcast #921 Alexander Leishman On Bitcoin As Major Political Force
Apr 18, 2022
In this chat, Alex Leishman, the CEO and co-founder of River, a Bitcoin-only platform, dives into Bitcoin's rising influence in politics. He discusses the innovative financial products his company offers, including a streamlined mining service. Leishman highlights the boom of Bitcoin mining in the U.S. post-China's ban and critiques how political narratives around economic issues often miss the mark. He emphasizes Bitcoin's unifying power across diverse groups, urging openness to innovation in the crypto landscape.
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Build for Long-Term Flexibility
- River chose to build its own custody system and obtain licenses state by state.
- This long-term approach offers flexibility for future product development.
Democratizing Bitcoin Mining
- River's mining product allows retail investors to access Bitcoin mining returns previously enjoyed by institutions.
- It simplifies mining by handling equipment purchase, hosting, and other complexities.
Mining Hardware as an Asset
- River customers own their mining hardware, which can appreciate in value over time.
- Older S9 miners are now worth more than their original price five years ago.