Our next guest was the CEO of Hutt H.

She is now the CEO of Reserve 1, Jamie Leverton.

Welcome to the show.

Thank you.

Always good to be here.

I guess Sam has a question for you.

How are minors going to manage the habit?

I will say, Jamie, I was at a private talk that you gave in New York City at someone's penthouse apartment. I think it was a year or two ago. I feel like it was an over grad. I think you probably know what this was. And I remember thinking this person knows more about mining than I will ever know in my life. And it was really fascinating, so I want to thank you for that moment.

But I do think it's something that I wonder about,

just before we get into Reserve 1, how the mining industry, in your opinion,

because you just know it so well, is going to manage over the years that continued having

and the rewards just continually going down.

Yeah, I mean, I think we saw a glimmer of what the future should look like in the Ordinals boom a couple of years ago.

Yeah.

Because really, over time, the miners will be dependent on transaction fees.

So the more building we can do on the Bitcoin blockchain itself, the more we can support the network and drive transaction fees into the underlying ecosystem, that's going to be critically important for the long-term health of miners, which we need.

Miners are responsible for the security of the Bitcoin layer, they're responsible for processing the transactions,

they bring new Bitcoin into circulation. They're essentially Visa Maskard and the Mint and security all rolled into one,

so a very important part of the ecosystem that will be supported with transaction fees.

And as I say, we saw it with the ordinal boom. There's still over 100 years before the last Bitcoin comes into circulation, so we have time.

But it's really, it's going to be about transaction fees.

I just want to go Oscar for one second, which is I love that because I think the ordnals did show us that there can be tremendous transactions on it.

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