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This Week in Startups

US inherits China’s Bitcoin Mining Dynasty + Jacob Helberg on the “New Cold War” with China | E1303

This Week in Startups

Jason Calacanis

Technology

4.21.4K Ratings

🗓️ 13 October 2021

⏱️ 85 minutes

🧾️ Download transcript

Summary

Jason does a short news segment on China’s Bitcoin Mining hash rate falling to 0 and how the U.S. is now the largest mining hub (1:59). Then, Jacob Helberg author of "The Wires of War: Technology and the Global Struggle for Power," joins to discuss China's long-term goals (9:03), the United States' lack of preparedness, the struggle for control of front-end and backend technologies (32:22), plus much more.

Transcript

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0:00.0

Okay, today on the program a very important episode friend of the pod Jacob Helberg is on to talk

0:05.6

about his new book the Wires of War technology and the global struggle for power great book and we

0:11.0

have a really deep, deep conversation about Russian disinformation China Taiwan what's happening

0:17.5

with internet companies in China and what the US's position should be with Taiwan and long term

0:24.5

how we will compete with China and to a lesser extent Russia and deal with Russian disinformation

0:31.3

and how close are we to war it's a really important episode you if you've been reading the news

0:36.3

you've been watching what's happening Taiwan you've been watching the plans flying you've been

0:39.3

watching the buildup of our military Australia buying um submarines this is an important topic

0:46.4

and we go deep on it and it affects the technology industry at its core because as you know

0:51.4

Taiwan has the most important semiconductor company in the world based there but first

0:57.3

over the past three months the US overtook China as the world leader in Bitcoin servers and

1:02.9

hash rate and mining so we'll get into that as well stick with us this weekend startups is brought

1:08.9

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1:17.2

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1:27.5

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1:35.3

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1:42.6

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1:49.2

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1:58.4

weeks okay in our top story today the US has overtaken China as the biggest hub of Bitcoin mining

2:05.2

no surprise we all know that China has had enough of cryptocurrency they're obviously going to have

2:11.2

their own sovereign you know e-cash crypto equivalent and they do not want to give up their currency

2:19.6

to a bunch of random who's building a distributed network that nobody controls big shocker there

...

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