Bitcoin Security and a Rogue Power Plant (SOB Episode 494) @aantonop

Uploaded February 2022 | Updated September 2026, 2 hours ago

Bitcoin's energy usage has long been controversial but this time it's not what you'd expect, a story about a rogue power plant kicks off a wide ranging discussion between the hosts, touching on key issues like game theory, network security and more.

Links from this Speaking of Bitcoin episode:
vice.com/en/article/bvz93q/bitcoin-miner-facing-dollar56m-fine-for-starting-rogue-power-plant
bitcoin.sipa.be
coindesk.com/business

Hosts: Andreas M. Antonopoulos, Adam B. Levine, Jonathan Mohan, Dr. Stephanie Murphy
Any questions or comments? Send an email to adam@speakingofbitcoin.show

Bitcoin Security and a Rogue Power Plant (SOB Episode 494)

Bitcoin Security Explained: Deleting a Mnemonic from a Hardware Wallet [Is it really gone?]

$March Q&A - $7B Bitcoin Takeover, Taproot, Bitcoin Energy Consumption, NFT, LN Wallets + More [2021] Looking for an entertaining, trustworthy, unbiased opinion on bitcoin and open blockchains? This is it. Take a look at the timestamps to find the questions youre most interested in! 0:00:00 Pre-show banner 0:03:46 In a debate between A. Pompliano and M. Green, Green argued that a bad actor with $7bn can bring bitcoin down by DOS-ing it with empty blocks. What truth, if any, does Mr. Green’s message convey and would a nation state attempt such a move? [Attila] 0:11:58 How can I create a 24 word seed that adheres to the BIP-39 standard, ideally with a passphrase, so that it can be imported to the most amount of wallets as possible? [Winst0nOBoogie] 0:18:25 If I keep generating new addresses on my bitcoin wallet without using those and finally deposit bitcoin on one after many unused ones, could it be that regenerating the wallet with my seed will show zero bitcoin balance in this wallet? 0:26:26 Do 21 quadrillion satoshi provide enough granularity for global adoption of 7 billion people using bitcoin? Would the Bitcoin protocol allow to further subdivide sats, e.g. in ants (short for the antonopoulos unit, e.g. 1/100,000 of a sat)? [Peter] 0:30:58 Im a bit fearful of running a LN wallet on my phone since the app or my phone are not always on. But running a node on my always on desktop at home is not handy and mobile. Can I run a combination where my phone controls the node? [pyrrhos] 0:34:44 How can we contribute to Mastering the Lightning Network by providing translations to other languages? I have briefly looked in GitHub but I couldnt find any reference. [Giovanni] 0:37:35 Is there an upper bound to the lifetime of a Lightning channel? Could I keep it open forever? [Giovanni] 0:41:35 Hello dear Andreas, People here in MTL are very obsessed by Bitcoins over-consumption of energy, in regards of climate change. Would I be wrong to answer them that Bitcoins non-inflationary policy will probably help saving the world? [Guillaume] 0:45:20 Why not give up Proof of Work altogether and use only Proof of Stake? 0:47:50 How do mining pools work? How do the miners split the rewards? How does a participant certify that he/she is really contributing a certain hashrate? If one of the miners of the pool finds a good nonce, what prevents them from being selfish? [Giovanni] 0:53:04 What hobbies do you have besides crypto? [Patata frites] 0:54:12 What do you think about the fast track plan for Taproot? 1:00:02 How do I know my btc, eth, and especially the lesser known altcoins are real? That I am talking to the right blockchain? [Stefan] 1:02:03 In a recent speaking of bitcoin episode you defined the identity problem as one of the Holy Grails of computer science. Can you elaborate on that? [Mattia] 1:09:33 How would you explain Bitcoin (capital B) to an 11 year old? 1:10:42 Should we try to attack bitcoin? 1:11:25 Bitcoin or Bitcoins?! [Mat G] 1:12:40 Are you concerned at all about the idea of fractional Bitcoining? 1:14:00 With the renewed interest in Non Fungible Tokens will I be able to trade my digital cats for a Lamborghini? [What Was I Thinking?] 1:14:48 How does transaction broadcasting work? Is technically possible to send network traffic without a specific destination? 1:16:44 Are modern legal systems equipped to solve disputes involving bitcoin, especially its more technical elements? [Demosthenes] 1:18:52 Lets say I broadcast a transaction with a 1sat/byte fee without the RBF flag. What happens if I spend the same input with a higher fee? If the second transaction confirms and the first becomes invalid, whats the purpose of RBF? [Giovanni] 1:23:26 Regarding scalability and complexity: it seems there is a difference in philosophy between Ethereum (more bandwidth with side-chains) and Bitcoin (going off-chain with Lightning and RGB for layer 3). Can you comment on these differences? [yuto] 1:27:07 Can a smart contract on a blockchain execute a transaction of a coin of other blockchain? e.g. a smart contract on Ethereum executing a transaction of bitcoin. [Gabriel from Brazil] 1:28:35 What happens to my wallet if I add a passphrase to my seed after adding funds? 1:32:07 Down the Rabbit Hole: What is an NFT? 1:38:50 What are the biggest engineering challenges for the Lightning Network? [Giovanni] 1:43:40 Can NFTs expire? 1:45:56 Kevin OLeary discussed on CNBC that virgin coins may be sold at a premium, what do you think about virgin coins & does this destroy fungibility? [varounsvlogs] Last months livestream: https://youtu.be/MbwLVok4gWA BECOME a Patreon Community Builder: https://patreon.com/aantonop JOIN this YouTube channel: https://aantonop.io/youtube SUBSCRIBE to this YouTube channel: https://aantonop.io/youtube Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved. https://aantonop.com$

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$Should we attack Bitcoin? Is it Bitcoin or Bitcoins? Fractional Bitcoining? [2021] In this short video, youll learn about attacking bitcoin (should you do it?), whether its correct to say bitcoin or bitcoins, and much more. Four questions answered in four minutes. Watch and learn! Chapters 0:00 What are we calling this crypto version of the dot com boom? BOOMDEMIC! 0:28 Should we try to attack bitcoin? 1:09 Which is correct Bitcoin of Bitcoins? Is there an s or not?!? 2:18 Are you concerned at all about the idea of fractional Bitcoining? COMMENT below and let us know what you think of the video. Post your follow-up questions there too! SUBSCRIBE to this YouTube channel and select the bell 🔔 for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1 JOIN this YouTube channel about Bitcoin and open blockchains to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join BECOME a Community Builder: https://patreon.com/aantonop LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. There’s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop You can also learn from one of aantonops many books about bitcoin, ethereum, and open blockchains. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network published by O’Reilly Media. He’s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter. About aantonop: Andreas isnt promoting a company or an organization; hes paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission. ***Learn More From Andreas** Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8 Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8 E-books & Merch: https://aantonop.io/shop Patreon: https://patreon.com/aantonop Website: https://aantonop.com Workshops: https://aantonop.com/workshops ***Connect with Andreas on Socials*** Facebook: https://www.facebook.com/AndreasMAntonopoulos Instagram: https://www.instagram.com/amantonop/ LinkedIn: https://www.linkedin.com/company/aantonop/ Twitter: https://twitter.com/aantonop Thanks for watching, sharing, and subscribing!$

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