BREAKDOWN: The Hashrate Migration and Bitcoin’s Resilience, With Compass CEO Whit Gibbs
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 20 December 2021
⏱️ 24 minutes
🧾️ Download transcript
Summary
Why the China ban will end up being a great thing for bitcoin.
This episode is sponsored by NYDIG.
Welcome to “The Breakdown’s” “End of Year Extravaganza.” First up, Whit Gibbs, CEO of Compass Mining.
Find our guest on Twitter: @BitcoinBroski
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NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our holiday theme music is “Spike The Eggnog” by Two Dudes. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: BTC Keychain/Flickr/CC BY 2.0, modified by CoinDesk.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
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| 0:49.3 | We've seen a really big push from people who compasses their first touch for Bitcoin. We were talking to |
| 0:56.6 | people and they're like, hey, can you tell me what a wallet is? For us, that's kind of like running |
| 1:03.8 | before you walk. But what we've come to understand is that because you have this tangible asset |
| 1:08.0 | in an ASIC that's correlated to the price of Bitcoin, people actually |
| 1:11.4 | see it as an easier way to get in. Bitcoin is just like this ethereal thing that you have. It's |
| 1:17.0 | nothing that you can physically hold, but an ASIC is a physical good thing. Welcome back to the |
| 1:23.6 | breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 1:33.5 | The Breakdown is sponsored by Nidig and produced and distributed by CoinDesk. |
| 1:41.6 | What's going on, guys? It is Monday, December 20th, and we are now kicking off the breakdowns end of year extravaganza. |
| 1:51.1 | This is something I did last year as well. Basically, I have a slew of interviews, about a dozen interviews over the next two weeks, that will close out the breakdowns year. These interviews are |
| 2:02.6 | each a fun, fast, 21-minute way to look back at the year that was, to speculate on the year to come, |
| 2:10.7 | and to try to have a sense of what 2021 meant. We're kicking off the series with someone that I've wanted |
... |
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