# A data-led Bitcoin read, plus miners on why Stratum V2 still stalls

*By Recommended Reading from Tech Founders • August 23, 2026*

A compact set of organic recommendations from the Presidio Bitcoin Jam conversation: BlackRock’s latest Bitcoin report, recent Stacker News miner AMAs, and a lighter Tyler Cowen podcast lead.

The recommendations below came from a Presidio Bitcoin Jam discussion; [watch the source conversation](https://www.youtube.com/watch?v=Wsu5J5yJU4Q). [^1] The strongest pair is a report with a concrete chart trail and a set of miner interviews that expose an adoption bottleneck; the third item is a lighter, prospective queue recommendation. [^1]

## Standout: recent Stacker News miner AMAs

- **Resource / type:** Recent AMAs with Bitcoin miners on Stacker News.
- **Creator / participants:** Stacker News hosts the discussions; the participants are miners. The episode directs readers to Google the recent AMAs rather than naming one canonical post. [^1]
- **Recommended by:** A Presidio host, who says, “I highly recommend” them. [^1]
- **Key takeaway:** As relayed by the hosts, the miners like Stratum V2 in theory but see “zero economic demand” for it. [^1]
- **Why it matters:** This is the most actionable recommendation because it puts operator incentives ahead of protocol enthusiasm. The same exchange says adoption takes years because thousands of actors in a decentralized network must adopt a change, and points to economic incentives as the unresolved question. [^1]

## Analytical read: BlackRock’s latest Bitcoin report

- **Resource / type:** BlackRock’s latest Bitcoin report or paper.
- **Creator:** BlackRock.
- **Link:** The episode identifies it only as the latest BlackRock Bitcoin report; the host says he cannot recall the report’s name. [^1]
- **Recommended by:** A Presidio host calls BlackRock’s new paper “good” and then explains the charts he found useful. [^1]
- **Key takeaway:** The host’s reading path is unusually specific. Figure 10 reports a 10-year average six-month Bitcoin/S&P 500 correlation of 0.18, versus 0.04 for U.S. government bonds and 0.06 for gold. Figure 15 shows a downward trend in trailing 12-month realized volatility from 2011 onward. [^1] Figure 13 compares 10- and 60-day returns after six post-2020 geopolitical disruptions; for the initial U.S.–Iran conflict, the cited 60-day figures are S&P 500 +4%, gold −11%, and Bitcoin +13%. [^1]
- **Why it matters:** This is a useful starting point for testing broad Bitcoin claims against a defined set of correlation, volatility, and event-return data—not a reason to accept the conclusion uncritically. The hosts themselves flag that the six-event sample may be cherry-picked. [^1]

## Lighter queue item: Tyler Cowen on Rick Rubin’s *Tetragrammaton*

- **Resource / type:** Podcast episode featuring Tyler Cowen on Rick Rubin’s *Tetragrammaton*.
- **Creator / participants:** Rick Rubin, host; Tyler Cowen, guest.
- **Link:** No episode URL was supplied in the discussion.
- **Recommended by:** One Presidio host says he queued it up; the other hosts call it interesting and say they think it will be a good one. [^1]
- **Key takeaway:** None is available yet. The exchange records a prospective recommendation, not a substantive summary of the episode. [^1]
- **Why it matters:** Keep this as a discovery lead rather than a verified argument or takeaway; its value is that the hosts found the conversation worth making time for, not that the episode’s thesis was tested in the discussion.

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### Sources

[^1]: [BlackRock's New Case for Bitcoin, Stripe Buys OpenRouter, David Sacks at PB](https://www.youtube.com/watch?v=Wsu5J5yJU4Q)