Bitcoin’s mining ecosystem centralization and possible solutions are discussed with Bitcoin Mechanic from Ocean. Topics include hashers vs miners, pool payout methods, Stratum v2, block withholding attacks, what Ocean is doing about it, fees, and lightning payouts.
Many Bitcoiners have seen or shared around the images that show Labour Compensation (wages and other benefits) diverging from Labour Productivity since 1971, particularly from sites such as wtfhappenedin1971.com. Rejoining me today is Gene Epstein to break down why this chart is flawed! We also talk about broader issues around CPI, whether inflation is over or undercounted, and cost of living pressures that so many people are facing today. The conclusions will surprise you!
How do you prevent loss of your coins? What are some critical steps that are commonly missed? NVK and I discuss a recent case of a HODLer losing 25 BTC, as well as talk about updates in Bitcoin security.
In a conversation with Bob Burnett, CEO of Barefoot Mining, we discussed the issue of blockspace scarcity in Bitcoin transactions. Sending a Bitcoin transaction requires blockspace, which is limited. We explored various solutions to address this scarcity, including UTXO management and different types of miners.
Is there a demographic collapse coming? What could or should be done about it? Is there any connection with Bitcoiner culture? Malcolm Collins has a background in VC and Private Equity, and he is a co-founder of The Pronatalist Foundation.