Episode 52: Starting a Bitcoin Business with Alex Hays

Alex shares his thoughts on questions that are on the minds of many Americans interested in personal finance and crypto: Where is our money safe? Is Bitcoin a hedge against inflation? And is Bitcoin mining sustainable?

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Episode 52: Alex Hays

Summary

Where is your money safe: in the bank or in Bitcoin? In this episode’s conversation, Robert interviews Classical Conversations® homeschool dad Alex Hays, the founder of Orion & Taurus, a company based in South Florida that specializes in repairs of ASIC machines and GPUs for Bitcoin miners. Alex shares his thoughts on questions that are on the minds of many Americans interested in personal finance and crypto: Where is our money safe? Is Bitcoin a hedge against inflation? And is Bitcoin mining sustainable? Alex also talks about balancing homeschooling with running a business, gives his best book recommendations for entrepreneurs, offers his opinions on the controversial yet highly influential book The 48 Laws of Power, and much more. After his conversation with Alex, Robert addresses the recent nationwide crackdown on remote work, and Will returns to give an update on the three recent SEC lawsuits against Coinbase, Binance, and Ripple (XRP).

Disclaimer: This episode is purely for education and entertainment purposes only. Nothing discussed in this conversation should be taken as financial advice.

Quote

“[Few] are alive who remember the Great Depression anymore. That’s the last generation that remembers such hard economic times. So, it’s hard for people who have never experienced something to realize what’s possible because in our lifetime we have never seen it. . . . [But] people who are older and are students of history can really see what’s coming.”

Alex Hays

Topics

  • Intro to Alex Hays [1:04]
  • From sailor to Bitcoin miner [1:36]
  • Understanding some crypto grammar: hash rate, ASICs, GPUs, and mining [7:23]
  • How Alex’s company Orion & Taurus serves Bitcoin miners [10:28]
  • Balancing entrepreneurship with homeschooling [14:08]
  • Is Bitcoin digital gold? [16:46]
  • Is Bitcoin sustainable? [19:39]
  • Bitcoin vs. fiat currency: Is your money safe in the bank? [24:04]
  • Practical use cases of Bitcoin [30:40]
  • Alex’s book recommendations for entrepreneurs [37:05]
  • Homeschooling [39:25]
  • Farewell to Alex [40:46]
  • “Current Events Discussion”: Companies across U.S. asking employees to come back into the office [42:21]
  • Ad: The Words Aptly Spoken Book Club with Leigh Bortins [46:08]
  • “Classical Crypto”: SEC’s Lawsuits Against Coinbase and Binance [47:19]
  • Outro [53:00]

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