The Decentralization of Bitcoin Mining with Bitcoin Mechanic (WiM507)

Bitcoin Mechanic joins me to discuss the fundamentals of Bitcoin mining, Bitcoin’s energy usage, the importance of trust minimization in mining, mining vs HODL culture, Bitcoin vs Shitcoins, OCEAN’s vision for the future of Bitcoin mining, and how we can fight to make Bitcoin and Bitcoin mining more trustless and decentralized.

Bitcoin Mechanic is a Bitcoin educator and Chief Boiling Officer at OCEAN mining pool.

// GUEST //
Bitcoin Mechanic Website: https://www.bitcoinmechanic.ca/
OCEAN Website: https://ocean.xyz/
YouTube: https://www.youtube.com/@bitcoinmechanic

// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
The Farm at Okefenokee: https://okefarm.com/
Heart and Soil Supplements (use discount code BREEDLOVE): https://heartandsoil.co/

// EVENTS I WILL BE ATTENDING //
The Art of Alpha Retreat: https://www.breedloveevents.com/

// PRODUCTS I ENDORSE //
Protect your mobile phone from SIM swap attacks: https://www.efani.com/breedlove
Noble Protein (discount code BREEDLOVE for 15% off): https://nobleorigins.com/
The Bitcoin Advisor: https://content.thebitcoinadviser.com/breedlove
Lineage Provisions (use discount code BREEDLOVE): https://lineageprovisions.com/?ref=breedlove_22
Colorado Craft Beef (use discount code BREEDLOVE): https://coloradocraftbeef.com/

// SUBSCRIBE TO THE CLIPS CHANNEL //
https://www.youtube.com/@robertbreedloveclips2996/videos

// OUTLINE //
0:00 - WiM Intro
1:25 - Helping Lightning Startups with In Wolf's Clothing
2:16 - What is Bitcoin Mining?
6:09 - Does Bitcoin Waste Energy?
15:48 - Bitcoin as an “Unriggable Game”
25:54 - Trust Minimization in Bitcoin
32:38 - The Art of Alpha Retreat
34:11 - The Farm at Okefenokee
35:21 - Mining vs HODL Culture
43:16 - What is the Coinbase Transaction?
49:48 - How do we make Mining more Decentralized?
57:52 - Bitcoin vs Shitcoins
1:05:00 - Blocksize War of 2017
1:12:53 - Heart and Soil Supplements
1:13:53 - Pragmatism vs Ideology in Bitcoin
1:28:12 - What is the Mempool?
1:34:54 - Dangers to Bitcoin’s Decentralization
1:40:00 - Ocean’s Vision for Bitcoin Mining

// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE
RSS Feed: https://feeds.simplecast.com/MLdpYXYI

// SUPPORT THIS CHANNEL //
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://account.venmo.com/u/Robert-Breedlove-2
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101

// WRITTEN WORK //
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

// SOCIAL //
Breedlove X: https://x.com/Breedlove22
WiM? X: https://x.com/WhatisMoneyShow
Linkedin: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22
All My Current Work: https://linktr.ee/robertbreedlove