Rapha Zagury, CIO of Swan and Head of Swan Mining rejoins me on the show to talk about a range of topics, from Brazil’s flooding, Bitcoin Mining, Capital Structure, as well as share some insights on speaking to TradFi professionals about Bitcoin.

Timestamps:

• 00:00 – Intro
• 01:08 – The current situation in Brazil & why we Bitcoin
• 12:10 – Swan Mining Developments & Scope of Bitcoin Mining 
• 21:28 – Large-scale Bitcoin Mining 
• 23:42 – Swan’s goal of increasing Bitcoin adoption
• 29:47 – Sponsors
• 34:02 – Selecting the optimal Bitcoin mining pool
• 47:37 – Current mining pool models
• 50:45 – FPPS Vs PPLNS 
• 54:54 – Bitcoin mining converging into energy sector
• 57:31 – Mining is a capital allocation game
• 1:02:55 – Shorting fiat for Bitcoin
• 1:05:26 – Parallels with previous Bull cycles
• 1:13:21 – The Nakamoto Portfolio and Investors POV on Bitcoin
• 1:19:01 – Re-allocating into Bitcoin from real-estate/gold
• 1:28:57 – Outro

Links: 

• X: @alphaazeta 
• Site: Swan.com
• Site: Nakamotoportfolio.com
• Nakamoto Gauntlet: The Nakamoto Portfolio Gauntlet 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X: @stephanlivera
• Subscribe to the podcast
• Subscribe to Substack