BTC193: The Financialization of Bitcoin Blockspace w/ Bob Burnett (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

Stig Brodersen

Education, Investing, Business

4.6 • 3.6K Ratings

🗓️ 31 July 2024

⏱️ 55 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Bitcoin Fundamentals Podcast, we interview Bob Burnett, a Bitcoin mining and technology expert. Bob explains why the value of a block is largely misunderstood and how the future of mining may differ from common assumptions. We discuss the forward marketplace for blockspace, the economic implications of its scarcity, and the evolving role of miners. Bob also shares insights into the strategic importance of securing blockspace for major corporations and the potential symbiotic relationships between mining and financial services companies. Tune in to learn about the dynamics of blockspace, the impact of Bitcoin on energy markets, and what the future holds for the Bitcoin ecosystem. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro 02:17 - The often misunderstood value of a block. 05:33 - The future of Bitcoin mining and how it may evolve. 08:53 - The concept of a forward marketplace for blockspace. 21:59 - Why blockspace is both a commodity and absolutely scarce. 24:45 - The strategic importance of securing blockspace for major corporations. 30:11 - How miners are shifting from producing Bitcoin to offering blockspace. 37:09 - The potential impact of mining on financial services companies. 39:47 - How the value of a block is determined beyond just transaction fees. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Bob Burnett's website: Barefoot Mining. Related episode: Bitcoin's Hardware Future with Bob Burnett. Check out all the books mentioned and discussed in our podcast episodes here. Enjoy ad-free episodes when you subscribe to our Premium Feed. NEW TO THE SHOW? Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members. Follow our official social media accounts: X (Twitter) | LinkedIn | | Instagram | Facebook | TikTok. Check out our Bitcoin Fundamentals Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. Support our free podcast by supporting our sponsors: River Range Rover Public Toyota American Express Fundrise Vacasa USPS AT&T Sound Advisory BAM Capital Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.0	Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast.
0:07.0	This episode is brought to you by River, the place that I personally go to securely invest in Bitcoin with confidence and with zero fees.
0:15.0	Today we have Bitcoin Mining and Technology expert Bob Burnett.
0:18.5	He's one of my favorite people in the space.
0:20.6	He's so smart and so experienced. we'll explore the misunderstood value of a block
0:25.4	and why the future of mining may surprise many people. Bob will discuss the forward marketplace
0:30.6	for block space, its scarcity, the economic value, and the evolving role of miners.
0:36.0	We'll also touch on the strategic importance of securing Block Space for major corporations and even governments.
0:42.0	All right, so with all of that said,
0:43.7	let's jump right into the interview
0:45.2	with the insightful and knowledgeable Mr Bob Burnett.
0:48.1	Celebrating 10 years. you are listening to Bitcoin Fundamentals by the Investors Podcast Network.
0:58.0	Now for your host, Preston Pish. Pish. Hey everyone, everyone, welcome to the show. I'm here with Bob Burnett.
1:13.0	Bob, welcome back to the show. I really enjoyed the first conversation we had. I'm very
1:17.4	excited about this topic and great to have you here.
1:20.0	Thanks, Preston. Always nice to see you and thanks for having me back for another show.
1:24.3	You gonna be in Nashville here in a week? I will be there. Yes, I'll be there from Wednesday to Saturday,
1:30.4	so I assume I'll see you there. Yeah, I'm sure we'll bump into each other.
1:34.1	Okay, so where I wanted to start here,
1:36.2	you know, most people when they're thinking about mining
1:38.3	and they're thinking about a block space,
	...

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