The Bitcoin Game #62: Michel Rauchs of the Cambridge Centre for Alternative Finance
Release Date: 04/12/2019
The Bitcoin Game
Tone Vays and Jimmy Song continue their series of interviews examining the current tensions between Bitcoin Knots and Bitcoin Core. Because Tone is only releasing this series as streaming video on X and YouTube, "The Bitcoin Game" podcast feed was revived to host this interview series for people who prefer a low-bandwidth audio podcast to consume this long-form content. This is Part 6 of the series, this time featuring Giacomo Zucco. The interview was recorded on November 13, 2025, in a side room at the Bitcoin Historico event in El Salvador.
info_outlineThe Bitcoin Game
Tone Vays and Jimmy Song continue their series of interviews examining the current tensions between Bitcoin Knots and Bitcoin Core. Because Tone is only releasing this series as streaming video on X and YouTube, "The Bitcoin Game" podcast feed was revived to host this interview series for people who prefer a low-bandwidth audio podcast to consume this long-form content. This is Part 5 of the series, this time featuring Knut Svanholm. The interview was recorded on November 12, 2025, in a side room at the Bitcoin Historico event in El Salvador. The beginning of the recording has been edited to...
info_outlineThe Bitcoin Game
Tone Vays and Jimmy Song continue their series of interviews examining the current tensions between Bitcoin Knots and Bitcoin Core. Because Tone is only releasing this series as streaming video on X and YouTube, "The Bitcoin Game" podcast feed was revived to host this interview series for people who prefer a low-bandwidth audio podcast to consume this long-form content. This is Part 4 of the series, featuring Bitcoin Core contributor Murch. The interview was recorded on November 7, 2025.
info_outlineThe Bitcoin Game
Tone Vays came out of retirement as a content creator to host a new series of interviews focusing on the current tensions between Bitcoin Knots and Bitcoin Core. Together with Jimmy Song, he is speaking with a wide range of well-known Bitcoiners on all sides of the debate to help users understand what is at stake. Since Tone didn't set up an audio RSS feed for this series, and a lot of people prefer a low-bandwidth podcast over streaming video on YouTube or X, I brought this podcast feed out of retirement to make the audio easily available. This is Part 3 of the series, featuring Bob Burnett...
info_outlineThe Bitcoin Game
Tone Vays came out of retirement as a content creator to host a new series of interviews focusing on the current tensions between Bitcoin Knots and Bitcoin Core. Together with Jimmy Song, he is speaking with a wide range of well-known Bitcoiners on all sides of the debate to help users understand what is at stake. Since Tone didn't set up an audio RSS feed for this series, and a lot of people prefer a low-bandwidth podcast over streaming video on YouTube or X, I brought this podcast feed out of retirement to make the audio easily available. This is Part 2 of the series, featuring Luke Dashjr...
info_outlineThe Bitcoin Game
Tone Vays came out of retirement as a content creator to host a new series of interviews focusing on the current tensions between Bitcoin Knots and Bitcoin Core. Together with Jimmy Song, he is speaking with a wide range of well-known Bitcoiners on all sides of the debate to help users understand what is at stake. Since Tone didn't set up an audio RSS feed for this series, and a lot of people prefer a low-bandwidth podcast over streaming video on YouTube or X, I brought this podcast feed out of retirement to make the audio easily available. This is Part 1 of the series, featuring Adam Back....
info_outlineThe Bitcoin Game
Welcome to episode 76 of The Bitcoin Game, sponsored by eToro. Andrew Tierney, otherwise known online as Cybergibbons, hacks everything from oil rigs to Cryptocurrency hardware wallets. We conducted this interview a bit before COVID-19 took over the planet, back when we were more worried about malware than going to the grocery store without an N95 mask. Andrew and I discuss hacking hardware wallets, IoT devices, home routers, his day job as a hacker for hire, and other stuff too.
info_outlineThe Bitcoin Game
Welcome to The Bitcoin Game, sponsored by eToro. I'm Rob Mitchell. One of my favorite old interviews is an exclusive with Dr. Jochen "Johoe" Hoenicke, the 2014 Bitcoin Hero. He rescued insecure Bitcoin from Blockchain.info wallets. A bit after this 2014 interview, Johoe responsibly published a side-channel attack on a TREZOR, which led to Satoshi Labs hiring him. Enjoy my first "rebroadcast" to celebrate 75, the only audio interview with Johoe that I'm aware of. Full show notes & links at TheBitcoinGame.com
info_outlineThe Bitcoin Game
Welcome to episode 74 of The Bitcoin Game, sponsored by eToro.
info_outlineThe Bitcoin Game
Tim Pastoor has been focused on peer-to-peer identity and reputation systems for the past five years, supporting Martti Malmi's work in the space (Martti was the first coder to work with Satoshi on Bitcoin). Twitter's Jack Dorsey recently got tons of attention promoting the goal of decentralized social media, and P2P identity may well be the base layer for such projects. Please check the full show notes with links at TheBitcoinGame.com.
info_outlineWelcome to episode 62 of The Bitcoin Game, I'm Rob Mitchell. Michel Rauchs is the Cryptocurrency and Blockchain lead at the Cambridge Centre for Alternative Finance (CCAF). For the past few years, Michel has devoted his life to studying the space, and he's been a big part of several comprehensive studies that dig into many aspects of Bitcoin and other cryptocurrencies. You'll see Michel and his reports cited in tons of articles, particularly those that focus on Bitcoin's energy use. I hope you enjoy Michel as my guest on today's episode.
EPISODE LINKS
Michel Rauchs on Twitter
https://twitter.com/mrauchs
Cambridge Centre for Alternative Finance
https://www.jbs.cam.ac.uk/ccaf
CCAF (2017) - Global Cryptocurrency Benchmarking Study
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/global-cryptocurrency
CCAF (December 2018) - 2nd Global Cryptoasset Benchmarking Study (Section 7 has mining stats and map)
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/2nd-global-cryptoasset-benchmark-study
CCAF (August 2018) - Distributed Ledger Technology Systems
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/distributed-ledger-technology-systems
Marc Bevand (2017) - Electricity consumption of Bitcoin
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/distributed-ledger-technology-systems
Michel's 2018 Blog post, "A note on censorship resistance"
https://mrauchs.com/2018/10/a-note-on-censorship-resistance
Michel Rauchs, Xmas Lecture (December 2017)
https://youtu.be/BTp3o60xcEI
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As Seen On
The Guardian • TechCrunch • Engadget • Ars Technica • Popular Mechanics
Inforwars • Maxim • Inc. • Vice • RT • Bitcoin Magazine • VentureBeat
PRI • CoinDesk • Washington Post • Forbes • Fast Company
Bitcoin Keychains - BKeychain.com
CREDITS
All music in this episode of The Bitcoin Game was created by Rob Mitchell.
The Bitcoin Game box art was created from an illustration by Rock Barcellos.
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