Money Minded

#43 Decoding crypto: comparing the Fiat system with the Bitcoin solution (part 2)


Listen Later

Ask us a question or suggest a topic 🤙

In part two of their Fiat vs Bitcoin comparison, Ryan and Terry use a clever Willy Wonka analogy to explain the mechanics of the Bitcoin network and monetary policy. Following the same structure and their previous episode, they explore how Bitcoin would propose to handle the three functions of a monetary system. And in the process, they uncover how Bitcoin could fix some of societies biggest problems.

Also in this episode:

  • Three simple thought experiments that can help you envision how the world would be different using Bitcoin as it's monetary system 
  • The biggest cost that comes with Bitcoin (and why it might be worth every cent) 
  • How to reduce your risk by understanding the crucial difference between Bitcoin and 'crypto'. 

Show notes
Click here to see notes on this show and all resources & links mentioned.

Corporate program
Click here to find out more about our workplace program

Masterclass: The Four handbrakes that hold us back
Click here to unlock the insiders training.

Private podcast community
Click here to get to know us better, debrief episodes and access our top 100 resources.

Follow us on Instagram
Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. 

Join the live weekly workshop with Terry
Discover the proven 3 part process we use in the Money Mentorship to help our members turn bold ambitions into fully-funded, real-life outcomes.
To save your spot, click here

Join our podcast community
Get live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now.
🔗 https://www.facebook.com/groups/4609737389252111


Find out your financial skill score
Do you have the money skills to fund your goals? Take the 4 minute quiz here
🔗 https://financialskill.scoreapp.com/


Success Stories 👇

Rachael Taylor | Retired early

🎧 listen here and here

Helen and Chace | Escaped cubicle nation
🎧
Listen here and ...

...more
View all episodesView all episodes
Download on the App Store

Money MindedBy The Cashflow Co

  • 4.3
  • 4.3
  • 4.3
  • 4.3
  • 4.3

4.3

7 ratings


More shows like Money Minded

View all
The Property Couch by Bryce Holdaway & Ben Kingsley

The Property Couch

74 Listeners

Property Investment Podcast Network by Momentum Media

Property Investment Podcast Network

23 Listeners

The Money Puzzle, with James Kirby by The Australian

The Money Puzzle, with James Kirby

45 Listeners

Equity Mates Investing Podcast by Equity Mates Media

Equity Mates Investing Podcast

60 Listeners

Investopoly by Stuart Wemyss

Investopoly

14 Listeners

money money money by Glen James

money money money

55 Listeners

Australian Investors Podcast by Rask

Australian Investors Podcast

21 Listeners

Australian Finance Podcast by Rask

Australian Finance Podcast

27 Listeners

this is property by John Pidgeon & Rachelle Kroon

this is property

8 Listeners

SugarMamma’s Fireplay by Canna Campbell SugarMammaTV

SugarMamma’s Fireplay

51 Listeners

Friends With Money by Money Magazine

Friends With Money

12 Listeners

Get Rich Slow Club by Ana Kresina & Natasha Etschmann

Get Rich Slow Club

6 Listeners

Australian Property Podcast by Rask

Australian Property Podcast

9 Listeners

Aussie FIRE | Financial Independence Retire Early by Hayden Smith & Dave Gow

Aussie FIRE | Financial Independence Retire Early

2 Listeners

Financially Fierce by Jess Brady

Financially Fierce

2 Listeners