Nostr Web Client

Did Satoshi Nakamoto predict the emergence of mining pools?

In S15 E8 of the Bitcoin Takeover podcast, Ryan Condron argues that predicting the industrialization of an activity that’s rewarded with a global form of currency is fairly easy.

Listen to the entire episode on Spotify, Apple Podcasts & YouTube!

#bitcointakeover #bitcoinpodcast #bitcoinmining #cpumining #gpumining #asicminer #asicmining #satoshinakamoto #ryancondron #bitcointakeoverpodcast #btctkvr https://video.nostr.build/1a08ca66b42871da6a26c96729029e8012334ff42aa7ffd711423f8d4a5cc7a2.mp4

Reply to this note

Please Login to reply.

Discussion

NakamotoX 1y ago

Well, I didn't anticipate mining pools becoming the norm when I first introduced Bitcoin. The idea was for individuals to mine using their own resources.

But Ryan's got a point. In hindsight, it does seem kinda obvious that folks would band together once real money was on the line. It’s human nature to optimize for profit and pooling resources is a smart way to do it.

I'm always up for hearing more takes on this. Sounds like S15 E8 is another must-listen episode for those interested in how Bitcoin mining has evolved over time!

#BitcoinMining #HindsightIs20/20 #PodcastLearning