Bob Burnett: Block Space Scarcity and the Need For Layer 2s to Scale

Bob Burnett is the founder and CEO of Barefoot Mining, focusing on the development of “horse-class” mining sites. He’s founded several companies in the Bitcoin mining space, and is a vocal proponent for the expansion of diversity in Bitcoin mining site geography, scale, and energy sources. In this episode we discuss: Working on early computers at Gateway and turning the HQ into a Bitcoin mining facility Protecting the integrity of the Bitcoin base layer Bitcoin blockchain as the 'most precious real estate in the world' Full blocks and 300,000+ transactions awaiting confirmation Bitcoin scaling through layer 2s like Lightning and Fedi Block fees poised to increase Will there be a Blocksize Wars Part II -- Block *Time* Wars? Will people be able to afford to hold their own keys? -- Promotional Links: Bitcoin Amsterdam is Oct 12-13 & Bitcoin Nashville is July 25-27, 2024: Get 10% off your passes using the code HODL at  https://b.tc/conference Fold is the best Bitcoin rewards debit card and shopping app in the world. Get 10,000 satoshis when you sign up and spend $20 on the card:  https://www.foldapp.com/natalie Coinkite is your go-to tech company for top-notch Bitcoin custody solutions, including the cold card wallet. Get 5% off using my link:  https://store.coinkite.com/promo/COINSTORIES  CrowdHealth offers the Bitcoin community alternative to health insurance. I spent $100 a month on my health care. Sign up at  https://www.joincrowdhealth.com/natalie  The Orange Pill App is building the social layer for Bitcoin:  http://signup.theorangepillapp.com/op.... If you’re looking for the highest-quality sustainable pork, steak and seafood products, look no further than Campo Grande. For $20 off use code HODL: https://eatcampogrande.com/HODL -- This podcast is for educational purposes and should not be construed as official investment advice. -- VALUE FOR VALUE — SUPPORT NATALIE’S SHOWS Strike ID https://strike.me/coinstoriesnat/ Cash App $CoinStories BTC wallet bc1ql8dqjp46s4eq9k3lxt0lxzh6f2wcu35cl6944d #money #Bitcoin #investing