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Podcast: The Peter McCormack Show
Episode: The Future of Bitcoin Mining & Security with Sam Wouters - WBD618
Description: Sam Wouters is a Research Analyst at River Financial. In this interview, we discuss Bitcoin's hash rate: what it is, the factors affecting its growth, what this means for Bitcoin's security budget, and what this means for Bitcoin's energy needs. In short, there is a symbiotic relationship between expanding Bitcoin's real-world utility and securing the blockchain. - - - - Proof of Work is Bitcoin's central innovation: the development of a process that through game theory keep the network honest, and provides security from outside attack. It enabled a global store of value that does...