The Great American Bitcoin Mining Plan
The Breakdown
Blockworks
4.8 • 806 Ratings
🗓️ 12 August 2024
⏱️ 12 minutes
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.3 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:18.3 | What's going on, guys? It is Sunday, August 11th, and that means it's time for Long Read Sunday. |
| 0:23.6 | Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, |
| 0:27.2 | give it a rating, give it a review, or if you want to dive deeper into the conversation, |
| 0:30.6 | come join us on the Breakers Discord. You can find a link of the show notes or go to bit.ly |
| 0:34.4 | slash breakdown pod. All right, friends, back with another long read Sunday this week. |
| 0:39.3 | Today we are reading a piece by John Marie Magnetti, the CEO of coin shares, and this piece |
| 0:44.2 | is called Make America Mine Again, how Donald Trump's plan for U.S. Bitcoin dominance could |
| 0:49.2 | trigger a new digital gold rush. |
| 0:51.2 | Now, for those of you who are sick of political talk, do not worry. |
| 0:54.8 | This is not about any particular personalities. It's just using some of these comments as a jumping off point for a |
| 0:59.9 | broader exploration of what it would look like to make US the distinct mining capital of the world, |
| 1:06.2 | even more so than it already is. Indeed, this particular author says that this should not be a |
| 1:10.2 | partisan effort. |
| 1:11.0 | It should be something that matters to all parties because of its role in shaping the future. |
| 1:15.8 | Anyways, let's go read it, or rather listen to an AI me from 11 Labs read it, and then we will |
| 1:20.9 | come back and discuss. In a bold proclamation that has sent ripples through both the |
| 1:25.9 | cryptocurrency and energy sectors, |
| 1:28.0 | former President Donald Trump recently suggested that all remaining Bitcoin should be mined on |
| 1:32.1 | U.S. soil. While this goal is technically unattainable due to the decentralized nature of |
| 1:36.6 | Bitcoin mining, it raises questions about America's potential to dominate this burgeoning industry. |
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