Exploring the Basics of Bitcoin for Newcomers

This fall, I had an idea to do a crypto show for my normie friends, and figured I’d release it over the holidays, when maybe my regular listeners would be with the very people in their lives who could benefit from such an episode.  I solicited questions from my own real-life friends, edited down the repeats and tried my best to make the explanations as simple as possible. I cover basic explanations of Bitcoin, blockchain and Ethereum, plus we go into questions around mining and electricity usage, and why anyone would use cryptocurrency. I hope this clears things up for some of your friends and family — and gets some of them to go down the crypto rabbit hole.

Thank you to our sponsors! 

Givewell: http://givewell.org/unchained

CipherTrace: http://ciphertrace.com/unchained 

Kraken: http://kraken.com

Crypto.com: http://crypto.com

Episode links: 

Previous beginner episodes: 

Crypto 101: https://unchainedpodcast.com/crypto-101-everything-you-need-to-know-about-bitcoin-ethereum-blockchains-icos-and-more/

How to Explain Cryptocurrencies and Blockchain to the Average Person: https://unchainedpodcast.com/how-to-explain-cryptocurrencies-and-blockchains-to-the-average-person/

Interviews with Vitalik Buterin: 2017: https://unchainedpodcast.com/vitalik-buterin-creator-of-ethereum-on-the-big-guy-vs-the-little-guy/

2019: https://unchainedpodcast.com/vitalik-buterin-on-whether-or-not-ethereum-is-blowing-it/

Episode with Wences Casares: https://unchainedpodcast.com/xapos-wences-casares-on-how-bitcoin-makes-a-fairer-world/

Lolli: https://unchainedpodcast.com/how-to-get-7-of-your-purchases-back-in-bitcoin/

Cryptocurrency to evade surveillance: https://unchainedpodcast.com/alex-gladstein-of-the-human-rights-foundation-on-the-3-reasons-bitcoin-matters/

KHmap.live interview: https://unchainedpodcast.com/an-interview-with-the-anonymous-developer-of-hkmap-live/

North Korea's interest in cryptocurrency: https://unchainedpodcast.com/why-north-korea-is-interested-in-cryptocurrency/

Bitwise: https://unchainedpodcast.com/bitwises-latest-plans-to-get-a-bitcoin-etf-approved/

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