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John Stefanopoulos, CEO and Founder FutureBit, discusses the mining industry, the importance of non-industrial mining, decentralizing the hash rate, and much more.
My guest today is John Stefanopoulos, CEO and Founder FutureBit. FutureBit develops cryptocurrency hardware solutions. It provides mining hardware for Bitcoin and Litecoin. It develops ASIC mining hardware for mining farms, facilities, and individual miners. Their products are designed from the ground up in their Brooklyn, NY office with industry-leading talent in the heart of Brooklyn's budding tech industry. Their philosophy is a simple one; every single person should benefit from the extraordinary opportunities blockchains provide. Their goal is to provide low-cost easy to use hardware aimed at educating, spreading awareness, and learning about the fundamental technology that runs this revolutionary system. They are committed to keep blockchains decentralized, and not another instrument very few in the world can take advantage of. They hope that by building and placing our future crypto platform in the hands of as many people as possible will be a step in the right direction to achieve that goal! John went to Boston College and majored in computer science. Prior to starting FutureBit, John was a serial entrepreneur starting various companies in the tech space. In our conversation we cover the mining industry, the importance of non-industrial mining, decentralizing the hash rate, and much more. We begin our discussion by talking about what led John to start FutureBit and the importance of non-industrial mining. We continue our conversation about mining by discussing the centralization of mining resulting from the industrialization of mining and the possible problems that may arise. We also discuss why China banning Bitcoin is the best thing for Bitcoin's long-term success. John stresses the importance of further decentralizing the hash-rate to non-industrial miners. A very interesting topic we covered was the blacklisting of Bitcoin/crypto hardware companies by payment processors. We finish our discussion by talking about the importance of getting as many people involved in the Bitcoin network as possible and how the Bitcoin community can strive to fulfill Satoshi's vision for Bitcoin. Please enjoy my conversation with John Stefanopoulos.
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