The Bitcoin Frontier - Unchained Capital, Inc

Latest Episodes:

Bitcoin brings chaos to order with Matt Pirkowski Dec 26, 2023

Show notes

In this episode, Matt Pirkowski dives into the complex relationship between information, money, and technology. He offers thought-provoking insights on the evolving landscape of bitcoin and its impact on the global financial system and humanity. The discussion traverses various topics, including the philosophical aspects of order and chaos in economics and a deep analysis of proof of work and proof of stake. Pirkowski's expertise shines through as he navigates these intricate subjects with a unique perspective and extreme depth.

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TIMESTAMPS:

00:00:00 Intro

00:00:53 What’s your background?

00:04:08 “Order to chaos” and “chaos to order”

00:06:15 What is money?

00:19:55 Can there be more than one money?

00:27:30 Proof of Work vs Proof of Stake

00:38:57 Is Ethereum’s future uncertain?

00:43:20 Hold bitcoin for ethereum for the next 10 years?

00:47:40 Self custody in complex systems

00:53:24 What happens as the world adopts bitcoin?

01:01:44 8 billion people connected at light speed

01:09:16 Is social media dangerous?

01:15:38 Closing thoughts

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→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Bitcoin's tipping point: JP Morgan and ETFs with Matthew Schultz Dec 19, 2023

Show notes

In this podcast episode, Matt Schultz, co-founder and executive chairman of CleanSpark, a leading public bitcoin miner, discusses JP Morgan initiating coverage on the top bitcoin miners. He shares insights on challenges faced while building a top bitcoin mining operation and CleanSpark's strategy in transitioning from selling to holding bitcoin. Schultz also dives into the company's approach to financing projects, particularly in relation to leveraging debt amid bitcoin's volatility, and offers his perspective on the potential impact of a bitcoin ETF approval. The conversation further explores CleanSpark's decision to build infrastructure in Georgia, predictions for the mining industry's growth, and thoughts on the 2024 Bitcoin halving and its possible effects on the market.

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TIMESTAMPS:

00:00:00 Intro

00:00:53 Who are you and what do you do at CleanSpark?

00:04:03 What does the world not understand about mining?

00:08:00 15,000 miners in Washington, Georgia

00:09:22 JP Morgan initiating coverage on bitcoin miners

00:13:05 Institutional investors in bitcoin miners

00:15:28 What’s hard about building a mining company?

00:21:22 If you were not in bitcoin mining, what would you be doing?

00:22:30 Financing and growing CleanSpark with debt or equity?

00:25:20 Will we see another wave of greed and leverage in the next cycle?

00:30:30 Will CleanSpark buy distressed halving capitulation assets?

00:32:35 How big of a catalyst will the ETF be?

00:35:17 Will energy and mining companies consolidate?

00:37:00 What’s hard for regulators and Wall Street to grasp about bitcoin mining?

00:38:38 How fast can hashrate double?

00:42:28 AI competing with mining infrastructure

00:43:01 Why build mining infrastructure in Georgia?

00:47:51 CleanSpark expanding internationally?

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

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→ Matthew Schultz’s Twitter: https://twitter.com/smatthewschultz

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

What hath Satoshi wrought? with Dhruv Bansal Dec 12, 2023

Show notes

Begin your journey of understanding Satoshi's key innovation in the first article in the series, available as a free 28-page PDF. You can download it right now: https://unchained.com/go/how-did-satoshi-think-of-bitcoin?utm_source=transitor&utm_campaign=hdstof

In this episode, Dhruv Bansal dives into the complexities of bitcoin, starting with an exploration of why a sound monetary policy was required to successfully build bitcoin. He questions whether Satoshi Nakamoto's approach to bitcoin's supply distribution was optimal, highlighting bitcoin's unique market dynamics. The discussion then shifts to the intriguing possibility of the internet eventually running on bitcoin, and the challenges of building decentralized markets on social media and computer security. The episode wraps up with a thought-provoking segment on artificial intelligence, piracy, and the role of decentralized systems dismantling intellectual property.

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TIMESTAMPS:

00:00:00 Intro

00:02:34 What have you been working on?

00:08:49 21 million solved the double spend problem

00:18:39 Did Satoshi find the optimal supply distribution time cadence?

00:20:45 Bitcoin is a market

00:33:04 Will the internet run on bitcoin?

00:44:49 Building decentralized markets on social media and computer security

01:08:00 AI, piracy, intellectual property and decentralized systems

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

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→ Dhruv Bansal’s Twitter: https://twitter.com/dhruvbansal

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Don't make fiat money your master with Gary Cardone Dec 05, 2023

Show notes

In this episode, Gary Cardone talks about the importance of not being a slave to money, the journey of building a successful payments chargeback company, and the evolving role of open networks like bitcoin and the impact it may have on traditional payment systems like Visa and Mastercard.

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TIMESTAMPS:
00:00:00 Intro
00:01:16 Who is Gary Cardone?
00:05:12 Why get into nat gas and payment industries?
00:15:17 Don’t become a slave to money
00:17:40 Will early bitcoin holders struggle with too much wealth?
00:20:10 Is self custody actually the future?
00:28:15 Cardone Digital Ventures and outperforming bitcoin
00:32:17 What was your bitcoin tipping point?
00:38:28 Visa and Mastercard vs bitcoin
00:47:00 What excites you the most about bitcoin?

WHERE TO FOLLOW US:
→ Unchained Twitter: https://twitter.com/unchainedcom
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→ Gary Cardone’s Twitter: https://twitter.com/GaryCardone
→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

China can’t stop bitcoin mining with Colin Harper Nov 28, 2023

Show notes

In this episode, Colin Harper sheds light on the surprising insight that 10% - 20% of the total network hashrate still resides in China, despite the ban on mining. He dives into the intricacies of bitcoin mining, discussing the 2024 halving's impact, block space demand from ordinals, the global flows of bitcoin ASICs, and the environmental myths surrounding bitcoin.

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TIMESTAMPS:

00:00:00 Intro

00:02:34 2024 Halving and miner capitulation

00:12:10 Will miners over use leverage again in the next bull market?

00:16:24 Did the China mining ban pause the 2021 bull run?

00:20:06 Hashrate derivatives?

00:28:06 Ordinals and block space

00:36:23 Time preference of block space usage

00:40:00 Global flows of bitcoin ASICs

00:44:53 Finding inexpensive energy in the US

00:51:15 Bitcoiners don’t actually hate the environment

00:54:27 Sovereign energy production

00:57:40 Is there still bitcoin mining in China?

01:01:18 Where do you see bitcoin and mining in 10-20 years?

01:05:18 Fiat is the experiment, not bitcoin

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

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→ Colin Harper’s Twitter: https://twitter.com/AsILayHodling

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Bitcoin is freedom money with Senator Cynthia Lummis Nov 23, 2023

Show notes

In this podcast, Senator Cynthia Lummis of Wyoming addresses the U.S. national debt as a major national security threat and explores solutions and consequences of failing to address it. She assesses the feasibility of balancing the national budget and discusses the importance of Americans' rights to self-custody Bitcoin. The conversation focuses on the U.S.'s future approach to Bitcoin, its growing acceptance in the Senate, and its potential impact on the global financial system and the U.S. Dollar. Senator Lummis also examines the tax challenges associated with Bitcoin payments and the likelihood of legislation introducing a de minimis tax exemption for small transactions.

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TIMESTAMPS:
00:00:00 Intro
00:01:07 How to fix the $33T national debt?
00:05:27 What happens if we don't fix it?
00:08:10 Should self custody be a protected right for all Americans?
00:12:07 Is balancing the budget even possible?
00:14:04 How should the US approach bitcoin over the next 10 years?
00:16:40 Are other senators truly grasping bitcoin?
00:20:59 How will bitcoin and the dollar evolve together?
00:23:46 Bitcoin payments and a de minimis rule
00:25:24 Bitcoin and America are going to win

WHERE TO FOLLOW US:
→ Unchained Twitter: https://twitter.com/unchainedcom
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→ Senator Lummis’s Twitter: https://twitter.com/SenLummis
→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Dense energy and hard money with Max Gagliardi Nov 21, 2023

Show notes

In this episode, Max Gagliardi, an expert in the energy industry, shares his journey into the sector and discusses its misunderstood aspects, inefficiencies, and potential for innovation. He evaluates different energy models, including ERCOT and the national grid, and the challenges in energy development. Gagliardi also explores the future of energy breakthroughs, the feasibility of modular nuclear reactors, and the historical significance of energy in civilizations. He addresses the dynamics of renewable energy, oil prices, and the influence of bitcoin mining on the energy industry. Finally, Gagliardi shares his personal interests in tech, real estate, and energy investments.

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TIMESTAMPS:
00:00:00 Intro
00:01:22 Max in the energy industry
00:05:57 What's one surprising fact about energy?
00:11:25 Oil and mineral property rights
00:14:10 Where are the inefficiencies?
00:19:20 Future energy disruption or innovation?
00:23:58 Renewables benefiting China?
00:27:36 Understanding energy grids
00:29:29 Upcoming energy breakthroughs
00:31:25 Civilization, energy, and money
00:36:34 Bitcoin mining and energy
00:39:24 Energy executives and bitcoin mining
00:42:42 How are miners thinking about the 2024 halving?
00:47:30 Hashrate trending up relentlessly
00:52:00 What's interesting outside of bitcoin?

WHERE TO FOLLOW US:
→ Unchained Twitter: https://twitter.com/unchainedcom
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→ Max Gagliardi’s Twitter: https://twitter.com/max_gagliardi
→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Auditing bitcoin narratives with Pierre Rochard Nov 07, 2023

Show notes

In this episode, Pierre Rochard revisits his foundational experience with the Nakamoto Institute and its influence on bitcoin philosophy, including "Hyperbitcoinization" and "Speculative Attack." Rochard recounts his transition from an accountant to software engineer to product manager at Kraken, emphasizing the importance of the 'don’t trust, verify' approach in his work. He tackles common bitcoin misconceptions, the New York Times environmental impact controversy, and the future of Bitcoin mining amidst halving block rewards. Rochard critically assesses the Stock-to-Flow concept and shares his bullish outlook for bitcoin.

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TIMESTAMPS:

00:00:00 Intro

00:01:22 The Nakamoto Institute and speculative attacks

00:07:03 Why are we not seeing more speculative attacks?

00:13:42 Auditing Everything

00:18:29 Building bitcoin products

00:22:02 What are we wrong about?

00:24:04 Auditing bitcoin miners emitting CO2

00:31:20 2024 halving from a miner’s perspective

00:39:40 Auditing the S2F model and concept

00:44:56 Auditing Artificial Intelligence

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

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→ Pierre Rochard’s Twitter: https://twitter.com/BitcoinPierre

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Your professor didn't study bitcoin with Peter St Onge Oct 24, 2023

Show notes

In this episode, Peter St Onge shares his journey from obtaining a PhD in economics to embracing bitcoin. Peter discusses the current state of academia, the perceptions of freedom and bitcoin among professors at top universities, and whether the existing education system is broken. We explore the viability of bitcoin as a solution to the problems in academia, the challenges facing Austrian economists in adopting bitcoin, and the position of the Mises Institute. Peter also sheds light on the popularity of his videos and his vision for the future of bitcoin.

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TIMESTAMPS:

00:00:00 Intro

00:01:32 Why a PhD in economics?

00:08:00 Current state of academia and top universities

00:19:58 Why do anti-bitcoin austrians still exist?

00:22:48 Peter’s viral videos

00:27:04 What’s the solution to broken government?

00:30:47 Will bitcoin defund corruption?

00:38:35 2033 and beyond

WHERE TO FOLLOW US:

→ Unchained Twitter: https://twitter.com/unchainedcom

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→ Peter St Onge’s Twitter: https://twitter.com/profstonge

→ Joe Burnett’s Twitter: https://twitter.com/IIICapital

Global Bitcoin Fever with Tuur Demeester Oct 10, 2023

Show notes

In this pioneering episode of The Bitcoin Frontier Podcast, we are joined by Tuur Demeester, who walks us through his extensive journey navigating bitcoin’s highs and lows of each halving epoch. Tuur shares his insights on the intriguing connection between demographics and bitcoin popularity, the global impact of movements like Oliver Anthony and Milei, and what the future holds for bitcoin in the 2024 US presidential election. Don't miss this thought-provoking conversation that delves into the complexities of bitcoin and the political landscape.

SUPPORT THE PODCAST:

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TIMESTAMPS:

00:00:00 Intro

00:01:11 Tuur’s journey on the bitcoin frontier

00:08:10 What have you been wrong about?

00:11:06 Rich men north of richmond

00:16:20 Appalachia and bitcoin

00:26:44 Milei’s rise in Argentina