Bitcoin Audible3 Sep 2022

Read_649 - The Continual Power of Intermittent Mining [Zack Voell]

"Many aspects of the Bitcoin mining industry are poorly understood and often misrepresented. But one practice in this sector stands apart for the misunderstandings and under-appreciation that surround it: intermittent mining." - Zack Voell One of the most under appreciated aspects of Bitcoin mining is its ability to be interrupted. As a buyer of last resort for energy that is curtailed or produced when it can't be consumed, and also able to turn off without losing its purchaser (i.e. the Bitcoin network), Bitcoin mining becomes a tool to arbitrage production times and smooth energy demand across the peaks and troughs around both production and consumption. Zack Voell brings an excellent short article with BitcoinMagazine that breaks down how! Check out the article plus links to lots of other discussion and related works at the link below: https://bitcoinmagazine.com/business/intermittent-bitcoin-mining-fixes-energy Check out our amazing sponsors and the products that Guy uses most in the space: • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (swanbitcoin.com/guy) • COME HANG OUT! Join us and the Swan Bitcoin team at the Pacific Bitcoin Conference in November! Get your tickets now, 10% off with code BITOCINAUDIBLE (https://www.pacificbitcoin.com/) • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 5% off everything in the store! (guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20% OFF with code BITCOINAUDIBLE (guyswann.com/fold) Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(1399)

Is Rolling Your Own Entropy The New Standard? (Coldcard Q&A P1)

In this Guy's Take, I walk through listener questions and comments on the Coldcard random number generation failure and what it really means for Bitcoin self-custody. We dig into why the RNG bug went ...

3 Sep 22min

Chat_178 - Our Burden To Carry with American HODL, Erik Cason, and Brandon Quittem

***"In the early days, the average user could probably use a Coldcard and know the amount of entropy required. The average Bitcoin user today, no clue. And so the times have changed, our message shoul...

1 Sep 2h 16min

Learning the Wrong Lessons

Thousands of careful Bitcoiners just got wiped out by a Coldcard entropy bug, and I use this episode to push back hard on the idea that self-custody is dead, and "don't trust, verify" failed us. I ...

28 Aug 16min

Chat_177 - Security Is Just a Hard Problem with Lloyd Fournier

***"I think that self custody is not going to be dead. I think that there is going to have to be a group, a vanguard of people that do this and take it seriously. The revolution won't work without tha...

25 Aug 2h 3min

BIP110 vs UASF: Do the Suitcoiners Control Bitcoin?

In this episode, I unpack the claim that BIP110’s failure proves corporate miners and suitcoiners now control Bitcoin. I walk through the real dynamics between miners and validating nodes, compare BIP...

20 Aug 11min

Chat_176 - Is Every Conspiracy True? with Talip

***"Today can you also use Coinbase to sell your coin? Yes. But can you guarantee that if Coinbase disappears, your funds will be with you? No. Because, it is, at the end of the day, their custody. Wh...

18 Aug 1h 40min

Chat_175 - Building in the AI Era with Luís Novo & Matt Ahlborg

***"It's going faster than most people thought. We thought that these models would be useful, but not extremely useful, for a while. Now you look at this and you feel [that] if I'm not using this the ...

12 Aug 1h 23min

Roundtable_023 - Staying Humble

In this episode, Steve, Jeff, and I walk through the catastrophic Coldcard entropy failure, how a trusted hardware wallet ended up generating weak keys, and how attackers are now brute-forcing Bitcoin...

4 Aug 1h 55min