Jan Čapek joins me to discuss the problems with the centralized production of Bitcoin mining hardware, the significance of free market competition, and the morality of Bitcoin.

Jan Čapek is a software engineer and entrepreneur. He is the Co-founder of the Bitcoin mining solutions BRAIINS.

// GUEST //
Twitter: https://twitter.com/janbraiins
Website: https://braiins.com/

// SPONSORS //
In Wolf's Clothing: https://wolfnyc.com/
iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/
Gold Investment Letter: https://www.goldinvestmentletter.com/
CrowdHealth: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet: https://wasabiwallet.io/
Casa (use discount code BREEDLOVE): https://keys.casa/
Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/
Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com
Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/

// OUTLINE //
00:00:00 - Coming up
00:00:33 - Intro
00:02:07 - Helping Lightning Startups with In Wolf's Clothing
00:02:53 - Introducing Jan Čapek
00:03:12 - Bitcoin Journey of Jan Čapek and Braiins
00:05:51 - The Hash Power Distribution in Europe
00:06:27 - Target Clientele of Braiins
00:07:44 - Centralized Production of Bitcoin Mining Hardware
00:11:27 - The Incentive-based Market of Bitcoin Mining
00:12:48 - The Market Cap of Bitmain
00:13:29 - Technological Shifts in Bitcoin Mining Tools
00:16:58 - Possible Risks of Centralized Manufacturing
00:17:58 - The Alternative Business Model by Braiins
00:20:39 - Maximize Your Profits with Gold Investment Letter
00:21:35 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:22:31 - Take Control of Your Healthcare with CrowdHealth
00:23:33 - ASICBoost and the Bitmain controversy
00:27:07 - How Bitmain Used the ASICBoost Feature
00:28:29 - How the Western Market Players Failed
00:29:44 - Free Market Competition: Solution or Problem?
00:33:50 - Market Competition: Big Players vs. Smaller Players
00:37:08 - The Spectre of Hardware Backdoors
00:38:44 - The Difference between Safety and Security
00:41:05 - Applying Game Theory in Bitcoin Mining
00:44:07 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:44:58 - Hold Bitcoin in the Most Secure Custody Model with Casa
00:45:44 - Incentivizing the Free Market Competition
00:46:56 - Bitcoin Encourages Self-Interest
00:47:36 - The Rationality of BRC20 Implementation
00:49:43 - The Legitimacy of a Permissionless System
00:51:34 - How to Protect People from Scams
00:53:01 - Will the Demand for Blockspace Lead to Layer-2 Development?
00:54:53 - The Virtuous Cycle of Bitcoin Network Development
00:55:37 - The Morality of Bitcoin
00:58:02 - The Block Subsidy Debacle
00:59:17 - Stratum V2: The Next-Gen Protocol for Pooled Mining
01:06:03 - The Impact of the Stratum V2 Update
01:09:08 - Where to Find Jan on the Internet

// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast...
Spotify: https://open.spotify.com/show/25LPvm8...
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// SUPPORT THIS CHANNEL //
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// WRITTEN WORK //
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Substack: https://breedlove22.substack.com

// SOCIAL //
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Building Tools for Bitcoin Mining with Jan Čapek (WiM331)

The "What is Money?" Show