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What Bitcoin Did: “Bitcoin, The Greatest Money System with Darin Feinstein”

By Brian in Chicago on August 30, 2022 • ( 0 )

This ranks up there with the most informative interviews I’ve come across in my years so far. Learn bitcoin history, the innovations and the use cases. Lots of good insight on mining as well.

Darin Feinstein, an early investor in Bitcoin, co-founded Core Scientific, one of the largest Bitcoin mining operations. In this interview, we discuss the revolution of triple-entry accounting, providing 8 billion people property rights and banking, combating FUD, and rapid advances in mining chips.

TIMESTAMPS:
00:00:00 Introduction
00:01:47 The most important accounting innovation in history
00:19:48 Building the first enterprise Bitcoin mining facilities
00:37:42 Bitcoin provides property rights, China migration
00:55:59 Changing narratives of FUD
01:19:37 Truth, Bitcoin mining stabilizes & strengthens the grid
01:39:01 ASIC chip manufacturing, still so early

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“The one thing that’s certain is it’s never going away because this is the best accounting technology, which is instrumental to run the world, that has ever been invented. And so the rest of it is just noise to me, it’s going to go up, it’s gonna go down, the daily price fluctuations are meaningless, we just keep building. ”
Darin Feinstein