Buying Bitcoin is buying eggs. Mining it is owning the farm.
@khalliburton explains why the coin you produce beats the coin you purchase.
Kent's thesis: Bitcoin isn't one zero-to-one innovation. It's two. The second is a decentralized money printer, and with hardware, electricity, and an internet connection, anyone anywhere can print their own.
The man who runs a mining company on three continents came on to explain why the day we became buyers instead of miners is the root of the centralization we're still untangling.
@khalliburton, CEO and co-founder of
@sazmining, a former solar and distributed-energy operator who found Bitcoin among the unbanked in Peru's Sacred Valley, joins me to lay out the case for mining your own Bitcoin in plain English: what "wild sats" are and why they're better Bitcoin, the difference between a real miner and a "hasher," how anyone can mine from home for about $5K to start, the tax write-off fueling US demand, why nation-states are now mining for sanctions immunity, the right to transact as a human right, and why he calls all of it hash punk.
Send this to anyone who thinks the only way to get Bitcoin is to buy it.
TIMESTAMPS:
0:00 "You get better Bitcoin when you mine it" (cold open)
1:41 Meet Kent Halliburton & Sazmining
2:23 Cranberry farms & a low-time-preference childhood
9:35 Solar, peak oil & his first taste of sovereignty
12:35 Why rooftop solar is secretly Bitcoin mining
17:44 The walkabout: around the world with no plan
21:58 Finding Bitcoin in the Sacred Valley (2015)
23:13 What the unbanked world taught him
29:34 From shitcoins to "Coinbase for mining"
33:59 Why mine instead of just buy?
34:12 Wild sats: Bitcoin straight off the protocol
35:42 How mining with Sazmining actually works
37:16 Which rig? What it costs to start ($5K)
41:03 The tax write-off fueling US demand
43:09 The math: a 12% discount on every sat
46:11 The miner's trilemma: buy when it hurts
48:26 The "can't pay your bill?" hashrate toggle
51:16 Is AI killing Bitcoin mining?
53:18 Nation-states mining for sanctions immunity
56:00 Mining the Texas grid & a wind farm
58:39 The 2013 split that broke Bitcoin mining
1:01:16 Centralization, Bitmain & the fiat miners
1:04:33 Are you a miner, or just a hasher?
1:09:35 Wild vs. custodial: the coin no one touches
1:14:02 The scariest bear market in hashrate
1:16:11 Life in the high Amazon
1:25:06 The right to transact should be a human right
1:28:02 Orange-pilling his wife (& Greta Thunberg?)
1:31:24 Rage against the machine: parenting & angst
1:36:45 Where to find Kent + $100 off your rig
1:38:43 Bitcoin against the machine: hash punk
1:40:39 Outro
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