Beginner’s Guide #14_ Bitcoin Things You Need to Know with Peter McCormack - WBD197

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Click to download audio version Location: Skype Date: Tuesday, 25th February
Project: What Bitcoin Did & Defiance Role: Host Welcome to the Beginner's Guide
to Bitcoin. Bitcoin can be intimidating for beginners. The protocol is
complicated, the community can be aggressive and unforgiving, silly mistakes can
lose you money, and it is easy to succumb to altcoin marketing. Bitcoin does
though, offer you the opportunity to hold a new type of monetary asset, one
which can't be seized by the government and is censorship resistance and It has
the potential to change the way the world. The goal of What Bitcoin Did has
always been about making things simple; there are no stupid questions, and the
show is here to help beginners navigate this new world. To kick off 2020, we are
launching a special series to help beginners understand Bitcoin. We will be
looking at the basics from breaking down the protocol to explaining the
economics and discussing the potential societal shift. Beginner’s Guide Part 14
- Bitcoin Things You Need to Know with Peter McCormack The Bitcoin
Beginner’s Guide is all about breaking down the complexities of Bitcoin and
making them as simple as possible to understand. In the series, we’ve explored
everything from why we need Bitcoin, the economics, the protocol and even
privacy, but, what have we learned? As a breakaway from the regular show
structure, I decided to put myself in the hot seat and answer questions about
Bitcoin. I wanted to challenge myself, see how much I have learned, and whether
I can explain these complicated subjects accurately. With the help of my
producer Danny, we break down the key takeaways from the Beginner’s Guide
series. We discuss Satoshi and the whitepaper, the 21 million hard cap, block
rewards and size, mining, running a node and privacy.