Teaching Bitcoin Part 1: Asset or Money?
The Bitcoin Layer
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Defining Bitcoin: Asset or Money?
This chapter delves into the defining characteristics of assets and evaluates Bitcoin's position as an asset compared to traditional money. It examines ownership, value retention, and liquidity, while drawing parallels with gold to question Bitcoin's functionality in financial systems.
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In this episode, Nik is joined by legendary financial analyst Michael Howell for a bitcoin educational series titled "What Makes Bitcoin Special". With Michael's immense financial background and bullish bitcoin stance, he was well positioned for a conversation on what separates bitcoin from the cryptocurrency umbrella. This conversation is the first part of a series in which Nik teaches Michael how bitcoin works. Topics explained include how bitcoin is an internet protocol and what that means, a debate on whether bitcoin is an asset or money, comparing bitcoin's size to other asset classes, some history of cryptography, whether bitcoin threatens banks and governments, and bitcoin's decentralized nature.
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