Making Sense of Bitcoin and the Blockchain

14 years ago, a mysterious individual or group of people known only by the pseudonym “Satoshi Nakamoto” published the Bitcoin Whitepaper. It introduced Bitcoin as the world’s first and most valuable entrant in the emerging class of digital assets known as cryptocurrencies and outlined the original plan and protocol for Bitcoin.

 

In part two of this four-part series on cryptocurrency, Dylan discusses Bitcoin and the technological fundamentals outlined in the Bitcoin Whitepaper.

 

Show Highlights

 

• [01:14] The foundations of Bitcoin
• [03:42] Why Bitcoin’s foundations play into the idea that money is emotional
• [06:41] Possible relevance of the name “Satoshi Nakamoto”
• [07:34] What was happening when the Bitcoin Whitepaper was released
• [12:46] Why people didn’t have faith in anything financial prior to Bitcoin’s creation
• [14:14] The Bitcoin Whitepaper explained
• [17:23] Why Bitcoin doesn’t function as a medium of exchange
• [19:53] Why Bitcoin doesn’t serve as a store of value
• [20:59] Why Bitcoin doesn’t act as a unit of account
• [22:44] The possible intent of the Bitcoin Whitepaper

 

Links and Resources

 

• Money Talks: What Money Is and How It Works
• Fiscally Savage
• Fiscally Savage Tools
• Fiscally Savage on Instagram
• Fiscally Savage on Facebook
• Fiscally Savage on Twitter

 

Books Mentioned

• Wild at Heart: Discovering The Secret of a Man's Soul by John ​​Eldredge