Basics_09: Bitcoin Misconceptions & FUD Busting
Blue Collar Bitcoin
Bitcoin's Volatility and Misconceptions
This chapter discusses the misconceptions surrounding Bitcoin, including criticisms of its volatility and the difficulty of creating a successful competitor. It highlights the importance of understanding Bitcoin's unique qualities, such as its network effects and decentralized nature.
Bitcoin Basics Series Episode 9. Daz Bea, Seb Bunney, Dan & Josh discuss the misconceptions and FUD surrounding Bitcoin
Full Bitcoin Basics Series here
Watch video of this chat on YouTube here
WE COVER:
- Will the government ban Bitcoin?
- Does Bitcoin have intrinsic value?
- Does Bitcoin waste energy?
- Will another cryptocurrency supplant Bitcoin?
- Is Bitcoin better than stuffing cash in someone's bra?
- Is Bitcoin too Volatile?
- Is Bitcoin a Ponzi?
RESOURCE PICKS:
- Daz & Seb’s new book B is for Bitcoin: The Essential Guide to All Things Bitcoin does and EXCELLENT job covering Bitcoin technicalities (https://www.amazon.com/Bitcoin-Essential-Guide-All-Things/dp/B0C1JDKS7Q)
- Josh’s Pick: 7 Misconceptions about Bitcoin by Lyn Alden (https://www.lynalden.com/misconceptions-about-bitcoin/)
- Daz’s Pick: Debunking All The Bitcoin Misconceptions One by One
- Seb’s Pick: Saylor Series on What is Money Show (Robert Breedlove)
- Dan’s Pick: Addressing the Ponzi Scheme Characterization by Lyn Alden
- Extra Pick: Bitcoin: Fee-Based Security Modeling by Lyn Alden
GET CODLED:
- The overprotective approach to self custody. Receive help from Daz or Seb themselves to help walk you through your custodial setup.
- LookingGlass/CODL
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SUPPORT THE BCB PODCAST: Podcast 2.0 streaming on our favorite pod app, Fountain: You can earn & stream sats on Lightning Network while listening to pods! Also share and listen to standout clips with the Fountain community.
SOCIAL MEDIA
- Twitter: you can follow us @blue_collarbtc, follow Daz @dazbea1, follow Seb @Sebbunney
- Blue Collar Bitcoin on NOSTR: npub1a3hrd4wfawr578d5y5l0qgmh7lx8q6tumfq0h7eymmttt52veexqkcfg37
- Video on YouTube. Subscribe Here
EMAIL: Send questions or comments to bluecollarbitcoinpodcast@gmail.com
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