EXPLAINING BITCOIN To Finance Expert Michael Howell

Sep 27, 2024

Michael Howell, a finance expert, takes a deep dive into the fascinating world of Bitcoin alongside Nik Bhatia. They discuss whether Bitcoin is more of an asset or currency, exploring its rich history. Howell grapples with complex concepts like hashing, mining, and the unique cryptography that underpins Bitcoin. The duo addresses Bitcoin's capped supply of 21 million coins, its resilience against government control, and its potential to revolutionize monetary systems. A captivating discussion for anyone eager to understand Bitcoin's intricacies!

Ask episode

AI Snips

Chapters

Transcript

Episode notes

INSIGHT

Bitcoin Mining's Importance

Bitcoin is special because of its mining process.
Understanding Bitcoin mining is crucial to understanding Bitcoin's value proposition.

INSIGHT

Asset or Money?

Bitcoin's classification as money or an asset is complex.
It has characteristics of both, making it a unique technology.

INSIGHT

Bitcoin's Volatility

Bitcoin's volatility is explained by its potential terminal value.
The terminal value is linked to gold's market capitalization and percentage of global wealth.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

In this extensive educational video explaining bitcoin, Michael Howell joins Nik Bhatia and The Bitcoin Layer as a student this time instead of as our liquidity teacher. In Part 1, Nik dives into bitcoin's history as Michael inquires whether bitcoin is better described as an asset or as money. Part 2 continues with a deep dive into hashing, mining, and bitcoin's blockchain architecture. Michael grasps key cryptography concepts essential to comprehending bitcoin's uniqueness. In Part 3, Nik brings the newly established concepts around hashing and mining to teach Michael why bitcoin's supply will never exceed 21 million, how bitcoin's network prevents malicious attacks, and why bitcoin can't be controlled by banks or governments. This video is perfect for anybody looking for a detailed introduction into both bitcoin's technology and economics. The Bitcoin Layer is a bitcoin and global macroeconomic research firm. The Bitcoin Layer is proud to be sponsored by Unchained, the leader in Bitcoin financial services. Unchained empowers you to take full control of your Bitcoin with a collaborative multisig vault, where you hold two of three keys, and benefit from a Bitcoin security partner. Purchase Bitcoin directly into your cold storage vault and eliminate exchange risks with Unchained's Trading Desk. Unchained also offers the best IRA product in the industry, allowing you to easily roll over old 401(k)s or IRAs into Bitcoin while keeping control of your keys. Don’t pay more taxes than you have to. Talk to us today. Visit https://thebitcoinlayer.com/unchained and use code TBL for $100 off when you create an account. Efani delivers premium mobile service with unparalleled protection against SIM swaps and privacy invasions. Use code TBL at checkout for $99 off the Efani SAFE Plan. https://www.efani.com/tbl?utm_source=substack&utm_medium=email Try Stamp Seed, a DIY kit that enables you to hammer your seed words into a durable plate of titanium using professional stamping tools. Take 15% off with code TBL. Get your Stamp Seed today! https://www.stampseed.com/shop/titanium-seed-phrase-storage-kits.html?utm_source=substack&utm_medium=email Subscribe and turn on notifications for TBL on YouTube. Subscribe to TBL’s research letter: https://thebitcoinlayer.com/subscribe Follow TBL on X: https://twitter.com/TheBitcoinLayer Subscribe to The Bitcoin Layer on your favorite podcast platform. Join the official TBL channel on Telegram: https://t.me/thebitcoinlayerofficial Use code TBLYT10 for 10% off all The Bitcoin Layer Merch at http://TheBitcoinLayer.com/merch Block Height 863119 Contribute to The Bitcoin Layer via Lightning Network: thebitcoinlayer@zbd.gg Nik Bhatia's Twitter: https://twitter.com/timevalueofbtc Research Associate Joe Consorti's Twitter: https://twitter.com/JoeConsorti Creative Director Matthew Ball's Twitter: https://twitter.com/matthewrball #TheBitcoinLayer #NikBhatia #BitcoinEducation #Hashing #Networks #NetworkEffect #POW #BitcoinMining #Algorithm #Sha256 #BitcoinTransactions #Cryptography #BitcoinLearning #MichaelHowell #BitcoinProtocol #BitcoinHistory #BitcoinExplained #BitcoinAsset #BitcoinMoney #DecentralizedBitcoin #BitcoinVsBanks #BullishOnBitcoin #BitcoinPodcast #LearnBitcoin #WhatIsBitcoin #BitcoinSeries #UnderstandingBitcoin #BitcoinFundamentals #BitcoinEconomy #BitcoinTechnology #BitcoinDiscussion #BitcoinFuture #BitcoinAdoption #BitcoinNetwork #BitcoinValue #BitcoinRevolution #BitcoinInnovation #BitcoinForBeginners #BitcoinInsights #BitcoinBreakdown #WhyBitcoin #BitcoinAnalysis #BitcoinMarket #BitcoinExpert #BitcoinKnowledge #BitcoinCommunity #Bloomberg #Analysis #Charts #Tradingview #InvestmentStrategy #MarketWatch #StockMarket #PassiveInvesting #IndexFunds #FinancialMarkets #MarketWatch #FreeMarket #FreeMarkets #Markets #USTreasury #TreasuryBills #BalanceSheet #FED #Debt #Inflation #Statistic #Rates #Interest #Asset #Bitcoin #Dollar #Sats #BTC #Gold #Market #Trading #Currency #Crypto #Analysis #Investment #News #Finance #Education #Blockchain #Mining #BitcoinMining #macro The Bitcoin Layer and its guests do not provide investment advice.

Subscribe to The Bitcoin Layer on Soundwise