Exploring Bitcoin: The Promise of a New Monetary System
In the inaugural episode of the Coin Bytes Podcast, hosts Alli Shaw and Nate Brock discuss the significant impact of broken monetary systems and introduce Bitcoin as a potential solution.
They explain the basic concepts of money, including its roles as a store of value, medium of exchange, and unit of account, and clarify how Bitcoin addresses these needs.
The hosts also touch upon the educational gap regarding financial systems, the flaws of the current US dollar system, and the potential of Bitcoin to offer a secure, decentralized alternative.
00:00 Introduction to Coin Bytes Podcast
00:57 The Importance of Understanding Money
03:30 The Flaws of the US Dollar
07:46 Bitcoin as a Solution
09:42 Basic Components of Money
19:21 Bitcoin’s Unique Properties
23:37 The Value of Bitcoin Over Time
24:33 Bitcoin’s Adoption and Security
29:12 Digital Currency and the US Dollar
31:20 Skepticism and Education on Bitcoin
36:59 Bitcoin as a Store of Value and Medium of Exchange
40:26 Bitcoin as a Unit of Account
43:32 Conclusion and Future Topics
Links
The Human Cost of Broken Money – FREE ebook
Music from #Uppbeat
https://uppbeat.io/t/all-good-folks/driftin
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