In this special edition episode of WiM, Linda Hill joins me to ask some beginner-level questions about Bitcoin, and I attempt to answer them as simply and as thoroughly as possible.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 What is Crypto?
00:10:08 Who Invented Bitcoin?
00:13:39 What Makes Gold Valuable?
00:15:42 Properties of Money
00:22:35 Scarcity of Money
00:32:36 NYDIG
00:33:43 Bitcoin’s Properties Replicating the Properties of Gold
00:39:24 Phases of Money
00:44:12 The Emergence of Government in Protecting Money
00:47:18 Bitcoin’s Phases of Becoming Money
00:52:49 Why Bitcoin and Not Other Cryptoassets?
01:01:53 What Makes Bitcoin Safe?
01:09:39 What is a Node and what is Mining Bitcoin?
01:19:33 Mining as a Lottery
01:21:34 The Dynamics of Price Fluctuations in Bitcoin/Markets
01:31:18 Value and Worth
01:36:39 Bitcoin and Taxes
01:42:00 Argument Against Taxation
01:49:12 History of Coercion by Governments
01:54:23 Energy & Bitcoin
02:01:14 Proof of Stake
02:05:40 Why Bitcoin is Not a Ponzi Scheme
02:10:09 Inflation Promoting Gambling

SOCIAL
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WRITTEN WORK
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WAYS TO CONTRIBUTE
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RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22
Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

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