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Bitcoin
People are valuing bitcoin based on the credibility of its monetary properties. The market is trying to sort out, is bit coin zero, or is it the most momentous monetary innovation there has ever been? "The more dollars they print, the more valuable bitcoin become in terms of dollars," he says.
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
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22
WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true
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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Listen to the best highlights from the podcasts you love and dive into the full episode