MTM16: Showing Up, Making Blocks

Fundamentals. @Fundamentals21m npub12eml5kmtrjmdt0h8shgg32gye5yqsf2jha6a70jrqt82q9d960sspky99g AverageGary npub160t5zfxalddaccdc7xx30sentwa5lrr3rq4rtm38x99ynf8t0vwsvzyjc9 In this episode, we delve into the complexities of showing up and the energy it requires, especially in the context of Bitcoin mining and decentralization. The conversation touches on the challenges of mining centralization, the concept of Fedi pools, and the lack of healthy dialogue in the Bitcoin community. We explore the social dynamics at play and the potential attacks on Bitcoin's integrity, emphasizing the importance of understanding the financial engineering behind mining and the role of social layers in Bitcoin's ecosystem. We also discuss the intriguing concept of fungibility over time and how Bitcoin might be the solution to maintaining balance in the financial world. The episode highlights the significance of understanding the math and financial engineering involved in Bitcoin mining, the role of decentralized hash rates, and the potential of projects like Bitaxe. Ultimately, the conversation underscores the need for a long-term perspective and the importance of embracing volatility and doing hard things to ensure Bitcoin's future.