Bitcoin for Beginners

I'd Rather Be Right with Luc & Nate

English - September 09, 2021 21:00 - 1 hour - 67.4 MB - ★★★★★ - 1 rating
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Previous Episode: Nate’s Leveraged Bitcoin Trade, Supply Chain Issues, A Dire Warning, and How Easy Money Is Impacting Everything Especially Housing

Next Episode: Evergrande Isn't So Grand, Doing Business in China, Ice Cream, Bitcoin, The Debt Ceiling, Republicans, the state of the United States, and Apple Surveillance

This episode is all about Bitcoin. We jump back and explain Bitcoin from the beginning and in the order that Nate thinks it's best to understand it. This starts with a discussion about how Bitcoin is money and that leads us to discuss what money is, what problems it solves, and what properties make for good money. This hopefully explains why certain people find Bitcoin valuable. Then we address various Bitcoin concerns including is it secure, is the volatility something to be scared about, will the government shut it down, a short discussion on Bitcoin vs other cryptocurrencies, and the environmental impact of Bitcoin. Then we move onto various technical questions including what a public address and a private key are and how they are generated and stored. Then we discuss how to safely secure your Bitcoin and what happens if you lose your hardware wallet or forget your password. Then we have a short discussion about the distinction between a full node and how it differs from a mining rig. Lastly, we discuss where to buy Bitcoin including how to access it in your retirement accounts. Here is our longer podcast on Bitcoin vs Altcoin Investing. Keep in mind it's NSFW. And here is the podcast with our long discussion on the impact of Bitcoin on the environment. Here is Nate's "Bitcoin Starter Guide" which has links to his favorite products and services. And here is a link to Nate's favorite Bitcoin resources. Here is the book Nate mentioned: "The Bullish Case for Bitcoin" by Vijay Boyapati. Here is Nate's other favorite podcast episode as an introduction to Bitcoin: "Bitcoin Is Not What You Think It Is" on Bitcoin Audible with Guy Swann. Here is the article by Gigi called "Bitcoin is Time" and here is the audio version of it.

If you want to start dollar-cost averaging into bitcoin, Nate's favorite service is Swan Bitcoin. You can get $10 of free bitcoin using this referral link: https://www.swanbitcoin.com/NathanCPerry/

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