Raoul Pal and Bill Tai are back, this time discussing investing in Bitcoin. Tai goes into the evolution of Silicon Valley over time. He says in the early days of Silicon Valley, it was all about miniaturization, but now the world is affected by technology everywhere. He discusses how a book had a profound impact on his life, and the thinking behind economies. Tai is a big proponent that people live two lives: digital and real. He says that Bitcoin first caught his attention by being a “peer to peer” technology. Tai then goes into the evolution of Bitcoin mining, and how he and his peers helped to fund one of the world’s largest Bitcoin mining organizations. They conclude by discussing the Byzantine general’s problem.