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We Study Billionaires - The Investor’s Podcast Network

BTC040: Bitcoin ASIC Manufacturing By Blockstream w/ Dr. Adam Back and Samson Mow (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.63.6K Ratings

🗓️ 25 August 2021

⏱️ 89 minutes

🧾️ Download transcript

Summary

IN THIS EPISODE, YOU’LL LEARN:

  • 01:29 - What is the Blockstream Modular Mining Unit (MMU)?
  • 11:29 - Why is Blockstream getting into the manufacturing of ASIC?
  • 21:41 - How has the Blockstream Mining Note (BMN) performed to date?
  • 17:23 - Blockstream Finance and getting into the mortgage space
  • 38:35 - Lightning adoption and wallet integration
  • 57:00 - Blockstream in El Salvador
  • 59:12 - The Gaming space and how it will continue to evolve
  • 01:08:43 - DeFi on Bitcoin via Stacks, Rootstock, or other methods


*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.


BOOKS AND RESOURCES

  • Blockstream's Website
  • John Pfeffer's article - An Institutional Investor's Take on Cryptoassets
  • Follow Samson Mow on Twitter
  • Follow Dr. Adam Back on Twitter
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Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to TI P.

0:02.6

Hey everyone, welcome to this Wednesday's release of the podcast where I'm talking about Bitcoin.

0:06.8

Today's guests are Dr. Adam Beck and Samson Mao from Blockstream.

0:11.3

Dr. Beck is one of the most prominent influencers in the space and was even referenced in the Bitcoin white paper by Satoshi Nakamoto

0:18.3

for the portions of the code that use proof of work.

0:21.0

During the discussion, we talk about their big announcement for getting into the ASIC's manufacturing business.

0:26.5

This is a really big deal because a significant portion of the mining hardware is currently manufactured in China

0:32.5

and this is an important step for decentralizing the manufacturing process.

0:36.5

Additionally, they talk about the production of a modular mining unit that's being provided to energy producers,

0:42.2

they handle the excess energy that energy companies produce in order to fulfill peak demands.

0:47.4

This was a fascinating discussion by some of the smartest people in the space that are making some of the boldest moves.

0:53.1

So without further delay, here's my conversation with Dr. Adam Beck and Samson Mao.

0:58.1

You're listening to Bitcoin Fundamentals by the Investors Podcast Network.

1:06.5

Now for your host, Preston Pish.

1:09.6

All right, so like I said in the introduction, I'm here with Dr. Adam Beck and Samson Mao, gentlemen. Welcome back to the show.

1:26.1

Thanks, Preston. Thanks for having us on.

1:29.0

Hey, so you guys, you know, I'm checking Twitter and I'm seeing these feeds coming out of the Blockstream website.

1:35.5

And you guys got some big news to announce. The first thing was this announcement of this modular mining unit.

1:44.5

You guys are just going by the acronym MNU. Talk to us about what this is and what kind of problem you're trying to solve.

1:54.2

So it's to take mining closer to the power producers and provide them with a way to increase the sort of to have a steady base load and increase the profitability of being a power generator.

2:14.6

And particularly for some intimate and power sources, they are, you know, they when they build a new sort of zero emission installation, sometimes it takes an extended period of time until they get connected to the grid.

2:32.4

So this is something that can provide them with immediate power. And then also the grid demands are variable.

...

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