The Last Trade E069: A Random Walk Down the Timechain with Bob Burnett
The Last Trade 10/11/24
The Last Trade: a weekly, bitcoin native, interactive podcast covering where Bitcoin and traditional finance meet on a macro scale. Hosted by Jackson Mikalic, Jesse Myers (Croesus), Michael Tanguma, and a special weekly guest host.
Join us as we dive into what Bitcoin means for how individuals & institutions save, invest, and propagate their purchasing power through time. It’s not just another asset – in the digital age, it’s the Last Trade that investors will ever need to make.
Bob Burnett on X: https://x.com/boomer_btc
Barefoot Mining: https://www.barefootmining.com/
Caos Engine: https://caosengine.com/
00:00 – Welcoming back Bob Burnett
03:00 – Proof-of-Work based randomness
20:29 – A message from Onramp
21:13 – Entropy engines & applications
30:39 – Understanding hashing & its implications
45:28 – Advantages of smaller scale mining
55:46 – Onramp Multi-Institution Custody
57:13 – The role of financial institutions mining
01:07:01 – Blockspace & block templates
01:13:52 – Purposes of the block subsidy
01:23:34 – Mining centralization challenges
01:31:28 – Ocean’s approach to block creation
01:39:20 – Outro
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