Author: CoinDesk

Gwart discusses the death of the fat protocol thesis, why DAOs became dysfunctional, and crypto's shift from public goods delusion to revenue-focused businesses. Plus thoughts on Bitcoin maximalism and Solana's pragmatic approach.

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Gwart joins us to talk about the collapse of crypto's "public goods" era and why the revenue meta is taking over. We dive deep into the fat protocol thesis, why DAOs failed, the difference between Bitcoin and crypto, and how builders are finally focusing on sustainable businesses instead of token hacking.

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**NOTES:**

• Pump.fun crossed hundreds of millions in revenue

• Fat protocol thesis originated 2016-2017

• iPhone example: $1,000 vs theoretical $10,000

• Uniswap has fee switch but hasn't turned it on

• Thread guy has 5% Bitcoin portfolio allocation

• Bitcoin could 10x in next five years

Timestamps:

00:00 Start

01:59 Bitcoin vs Crypto

06:08 What does Gwart "believe" in?

08:33 Revenue Meta & Fat Protocol Thesis

13:36 Interpreting the Fat Protocol Thesis

19:25 Analogies to Linux, etc

27:18 Is the DAO dead?

31:27 Devs

37:35 Creators of the Revenue delusion

40:46 Are stonks the new tokens?

45:01 Solana maxi

50:22 Real World Assets ;P

53:10 Minting new BTC maxis

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

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Host Jennifer Sanasie breaks down the latest news in the crypto industry as President Trump announced new tariff rates up to 40% against a series of countries.

Bitcoin is trading flat near the $108,000 level after President Donald Trump announced new tariff rates up to 40% against countries including Japan, South Korea and South Africa. And, will the benchmark fed funds rate fall to the so called zero lower bound? CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Insights into the past, present and future of the crypto industry with Jack Mallers.

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Strike founder Jack Mallers joins "CoinDesk Spotlight" with a conversation about building Twenty One with Tether and SoftBank, and why he sees bitcoin as “moral imperative” as much as a financial instrument.

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This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie. “CoinDesk Spotlight” is produced by Sam Ewen, Jennifer Sanasie, Taylor Fleming and Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

A look inside CoreWeave’s neocloud business model, and how the company went from an ETH miner to a $75 billion business. 

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Welcome back to The Mining Pod! Today, Colin and Will break down CoreWeave's meteoric rise to a $75+ billion valuation and why Bitcoin miners like Core Scientific, Galaxy Digital, and Applied Digital are all racing to partner with AI cloud providers. We explore CoreWeave’s neocloud business model, GPU economics vs bitcoin mining profitability, and what this means for the future of the mining industry.

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**Notes:**

• CoreWeave valued at $75B+ (12x revenue multiple)

• 72% of Q1 revenue came from Microsoft/OpenAI

• CoreWeave manages 250,000+ GPUs globally

• $15B+ in contracted revenue secured

Timestamps:

00:00 Start

04:05 Coreweave overview

07:40 Neocloud

10:28 Other Neocloud providers

12:49 Oracle, OpenAI & Stargate

16:20 Crusoe

17:58 Hyperscaler street cred

21:08 Energy pipeline

26:53 Revenue

32:51 Capex vs revenue

38:03 GPU lifespan

41:58 Bull vs Bear

49:00 Partner concentration

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Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Host Jennifer Sanasie breaks down the latest news in the crypto industry as Elon Musk plans to form a pro-tech centrist party called the ‘America Party.’

Tesla CEO Elon Musk plans to form a pro-tech centrist party called the ‘America Party’ after splitting from President Trump and Canadian rapper Drake drops a new song that mentions bitcoin. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Deep dive into the Nakamoto Project's survey of 3,500 Americans reveals surprising demographics about Bitcoin ownership, political leanings, and moral foundations of crypto holders vs non-holders.

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Colin and Charlie dive deep into the Nakamoto Project's groundbreaking survey revealing what the average American really thinks about Bitcoin. From surprising ownership demographics to political shifts and moral foundations, this data challenges everything you think you know about who owns Bitcoin and why.

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**Notes:**

• 48 million Americans own Bitcoin (18.6% surveyed)

• 11 million hold their own keys (4.21%)

• Hispanic/Latino ownership leads at 24.2%

• 58.8% keep Bitcoin on exchanges

• Political shift right since 2024

• 4 in 5 support gold-to-Bitcoin conversion

Timestamps:

00:00 Start

02:14 Highlights

05:12 Who holds Bitcoin?

08:35 How do people hold Bitcoin?

12:02 Ethnicity of Bitcoin holders

16:32 Politics

20:38 Changes in ownership from 2024

22:22 Sentiment

27:26 Moral Foundations

39:00 Crypto Reserve

43:12 Policy

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👋Bitcoin Season 2 is produced Blockspace Media, Bitcoin’s first B2B publication in Bitcoin. Follow us on Twitter and check out our newsletter for the best information in Bitcoin mining, Ordinals and tech!

Enjoy the show? Check out our website and newsletter by clicking here.

Questions or want to sponsor? hello@blockspace.media

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The latest price moves and insights with CoinDesk's Andy Baehr.

To get the show every day, follow the podcast here.

CoinDesk's Andy Baehr and Jennifer Sanasie break down the top stories in crypto from Strategy's recent bitcoin purchase to the state of bitcoin in corporate treasuries. And, when will bitcoin break out from the current trading range.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie and Andy Baehr. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

For this week’s news roundup, we cover trends in the ASIC market, a series of business updates from Hut 8, and Tether’s latest mining venture. 

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Welcome back to The Mining Pod! Today, Colin and Matt are joined by Ethan Vera, the COO of Luxor Technology, to talk about Hut 8's 205 MW Vega facility and its 310 MW deal to deliver electricity to Ontario. Plus, American Bitcoin's $220 million fundraise, an ASIC market update, Tether's surprise mining expansion into Brazil, and how just four public companies now control nearly a quarter of Bitcoin's total hash rate.

Subscribe to our newsletter! 

**Notes:**

• Difficulty dropped 7.48% after US heat wave

• American Bitcoin raised $220M private placement

• Hut 8 secured 310MW deal with Ontario to supply electricity via natural gas plant

• Four miners control 200+ exahashes (~20% network)

• ASIC prices are decoupling from hashprice movements 

• Tether goes in on mining venture in Brazil

Timestamps:

00:00 Start

02:00 Difficulty Report by Luxor

05:32 Hut 8 energizes Vega

06:22 Hut 8 310 MW electricity deal in Ontario

13:57 American Bitcoin raises $220M 

18:22 ASIC market update with Ethan

26:33 Antminer S23 market

31:07 China ban reverse rumors

32:09 Tether in Brazil

38:20 50 EH/s club

👉 Fractal Bitcoin, Reduces up to 50% of your pool fee. No new hardware, no extra energy.

And it’s easy. FB rewards go straight to your existing Bitcoin wallet address. Over 50% of Bitcoin’s hashpower is already merge mining Fractal. Get more from the same resources — start on Fractal today!

👉 Luxor, Leaders In Bitcoin Mining and Compute Power!

Get game-changing mining results with Luxor Firmware. Boost hashrate, cut energy costs, protect your hardware, and maximize mining profits with LuxOS.

👉 Colorado Air Filter, Leaders In Mining HVAC Solutions!

Pick from 6 different filtration brands from MERV 8 pleats to HEPA filters. Get your mine in top shape before the heat and dust of this summer comes! Contact sales@coloradoairfilter.com

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

The latest price moves and insights with Amberdata Director of Derivatives Greg Magadini.

To get the show every day, follow the podcast here.

Amberdata Director of Derivatives Greg Magadini joins CoinDesk's Jennifer Sanasie and Andy Baehr for a conversation on bitcoin's low volatility and increasing maturity. Plus, how it now takes "more money to move around bitcoin" at its current $2 trillion market cap.

This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes.

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This episode was hosted by Jennifer Sanasie and Andy Baehr. “Markets Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Host Jennifer Sanasie breaks down the latest news in the crypto industry as the U.S. added 147,000 jobs in June.

The U.S. economy added 147,000 jobs in June with the unemployment rate falling to 4.1%. Do the strong numbers indicate that the Fed might keep rates steady? Plus, leaders at the SEC are reviewing the agency's recent approval of a Grayscale application to turn the Digital Large Cap Fund into an ETF. CoinDesk’s Jennifer Sanasie hosts “CoinDesk Daily.”

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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.