IN THIS EPISODE, YOU’LL LEARN:00:00 - IntroWhy is building an ASIC like building a high-performance race car?How do you think through production and reliability when building an ASICHow can one test the reliability of an ASIC when it's actual performance is always on?What is the Blockstream BASIC note?What was the performance of the previous Blockstream Mining Note and how is it different than the BASICWhy is there so much inventory of ASICs on the market right nowSome people say layer 1 bitcoin might become too costly and layer 2 can't scale what are your thoughts?What is Adam's thoughts on drivechainsAre there other blockchains that have experimented with OP_CATs that were originally coded into Bitcoin but now are turned-off for safety reasons. Do we even need more scripting on layer 1 for Bitcoin to solve "clown world"?Are engineers being reasonable with the speed at which they want to roll-out updates?BOOKS AND RESOURCES<ul><li><a href="https://twitter.com/adam3us" rel="noopener noreferrer" target="_blank">Adam Back's Twitter</a></li><li>Information about the <a href="https://stokr.io/blockstream-basic/terms" rel="noopener noreferrer" target="_blank">Blockstream BASIC note</a></li><li>information about the<a href="https://www.coindesk.com/tech/2023/06/13/bitcoin-infrastructure-firm-blockstream-to-unveil-its-long-awaited-mining-rig-in-3q-of-2024/" rel="noopener noreferrer" target="_blank"> Blockstream ASIC they are building</a></li><li>Information about <a href="https://blog.bitfinex.com/education/drivechains-as-an-alternative-to-altcoins/" rel="noopener noreferrer" target="_blank">Drivechains on Bitcoin</a></li><li></li></ul>NEW TO THE SHOW?<ul><li>Check out our&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires-starter-packs/" rel="noopener noreferrer" target="_blank">We Study Billionaires Starter Packs</a>.</li><li>Browse through all our episodes (complete with transcripts)&nbsp;<a href="https://www.theinvestorspodcast.com/we-study-billionaires/" rel="noopener noreferrer" target="_blank">here</a>.</li><li>Try our tool for picking stock winners and managing our portfolios:&nbsp;<a href="https://www.theinvestorspodcast.com/tip-finance/" rel="noopener noreferrer" target="_blank">TIP Finance Tool</a>.</li><li>Enjoy exclusive perks from our&nbsp;<a href="https://www.theinvestorspodcast.com/affiliates/" rel="noopener noreferrer" target="_blank">favorite Apps and Services</a>.</li><li>Stay up-to-date on financial markets and investing strategies through our daily newsletter,&nbsp;<a href="https://www.theinvestorspodcast.com/newsletters/" rel="noopener noreferrer" target="_blank">We Study Markets.</a></li></ul>&nbsp;P.S The Investor’s Podcast Network is excited to launch a&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">subreddit</a>&nbsp;devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit&nbsp;<a href="https://clicks.aweber.com/y/ct/?l=7HQTa&m=3hIUiG6T8vBkNOB&b=8NVZC.qh9__ur.qME8mcEQ" rel="noopener noreferrer" target="_blank">r/TheInvestorsPodcast</a>&nbsp;today!&nbsp;SPONSORS<ul><li>Invest in Bitcoin with confidence on&nbsp;<a href="https://river.com/" rel="noopener noreferrer" target="_blank">River</a>. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.</li><li>Reach the world’s largest audience with&nbsp;<a href="https://linkedin.com/results" rel="noopener noreferrer" target="_blank">Linkedin</a>, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!</li><li>Get a customized solution for all of your KPIs in one efficient system with one source of truth. 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BTC145: Adam Back on Drivechains, Mining Hardware, & L1 scaling w/ James Macedonio (Bitcoin Podcast)

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