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 RESOURCESAdam Back's TwitterInformation about the Blockstream BASIC noteinformation about the Blockstream ASIC they are buildingInformation about Drivechains on BitcoinNEW TO THE SHOW?Check out our We Study Billionaires Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. P.S The Investor’s Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today! SPONSORSInvest in Bitcoin with confidence on River. It's the most secure way to buy Bitcoin with 100% full reserve custody and zero fees on recurring orders.Reach the world’s largest audience with Linkedin, the place to B2B. Plus, enjoy a $100 credit on your next ad campaign!Get a customized solution for all of your KPIs in one efficient system with one source of truth. Download NetSuite’s popular KPI Checklist, designed to give you consistently excellent performance for free.Choose Toyota for your next vehicle - SUVs that are known for their reliability and longevity, making them a great investment. Plus, Toyotas now have more advanced technology than ever before, maximizing that investment with a comfortable and connected drive.Take ownership of your Bitcoin with Foundation. Attain self-custody with Passport hardware wallet.Experience real language learning for real conversations with Babbel. Get 55% off your Babbel subscription today.Be confident that you’ll be small businessing at your best with support designed to help you reach your goals. Book an appointment with a TD Small Business Specialist today.Send, spend, and receive money around the world easily with Wise.Make investing in Short Term Rentals aka Air-BNBs simple, passive, and profitable with Techvestor. Listeners of We Study Billionaires get better terms by just mentioning "We Study Billionaires!" Sign up and book your call with their Investor Relations Team to get started today.Return to the all-access world of the rich and powerful. Don’t miss new episodes of Billions streaming now on Paramount Plus with Showtime plan.Beat FOMO and move faster than the market with AlphaSense.Start, run, and grow your business without the struggle. Be in control of every sales channel with Shopify. Sign up for a $1 per month trial period today.Invest in some of the top private, pre-IPO companies in the world with Fundrise.Support our free podcast by supporting our sponsors.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.