Bitcoin 101 with Linda Hill (WiM114)
The "What is Money?" Show
Introduction
Linda and josh Hill are a mother and son duo. Josh suggested that they do a beginners question introd o bit coin. They will answer questions in a way that his mom found digestible. Linda, welcome to the show.
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
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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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RECOMMENDED BUSINESSES
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