Jesse Knutson discusses Blockstream, the benefits of investing in mining, and the changing geographic distribution of mining farms.
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Featuring Jesse Knutson and Sebastian Moonjava
Apr 12, 2021 • 41 minutes
Jesse Knutson, VP of Financial Products at Blockstream, joins Sebastian Moonjava, Real Vision associate editor, to discuss Blockstream, the benefits of investing in mining, and the changing geographic distribution of mining farms. Knutson explains that Blockstream is known primarily for their contributions to the Bitcoin core protocol, but that they also do extensive research and have multiple software products built off of Bitcoin. This includes an asset management platform that allows you to create and issue digital assets called Blockstream AMP and the Liquid Network, a sidechain that allows for faster confident transactions on Bitcoin. He describes Blockstream’s security token, Blockstream Mining Note (BMN), as tokenized hashpower, which basically packages mining into a tradable token. He also explains two major benefits to investing in mining as opposed to just investing into Bitcoin—the lower volatility on returns and the contribution to the network's security. Filmed on April 5, 2021. Key Learnings: Investing in mining can produce less volatile returns on one’s investment, which in turn helps to secure the Bitcoin network. North America is seeing a major increase in mining facilities as Bitcoin has gained legitimacy over time, and China may be seeing a smaller portion of overall mining due to their regulators going back and forth on their stance on Bitcoin.
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More EpisodesIn the fast-moving world of cryptocurrency, Real Vision CRYPTOVERSE works at an accelerated pace to keep you ahead of market swings and ever-evolving innovations. Crypto's smartest minds sit down for in-depth discussions covering everything from the blockchain and DeFi to NFTs, Web 3.0., the Metaverse, and what's still beyond the visible horizon.
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