Bitcoin Mining Death Spiral, AGI, and the End of Central Banking w/ Rich Rines
Rich Rines joins the show to explore whether mining concentration is a real concern, why Ethereum struggles with product market fit, if Bitcoin is the separate of money from state, the ethics of Coinbase and sh*tcoins, and whether all other cryptos are unregistered securities. They also discuss the future of central banking on a Bitcoin standard, the role of Lightning and Tether, and how Bitcoin and AI will reshape the world. Rich Rines is a Bitcoin class of 2013 OG, who previously led money movements at Coinbase. He left Coinbase to focus fully on Core, recognizing its potential and aligning better with his startup-oriented mentality. Rich serves as the CEO of Element Wallet, a consumer application set to become integral to the Core ecosystem, focusing on stablecoins and encrypted messaging infrastructure.