Best of The Bad Crypto Podcast: Intro to Blockchain, Bitcoin and Cryptocurrency

We recapped the basics of blockchain, Bitcoin, and cryptocurrency in November 2018 for listeners to share the crypto rabbit hole with friends and family, just before the holidays. Today in 2022, this remains as one of the best educational summaries for blockchain and cryptocurrency technologies. And yes, we still want you to share it with your friends! 

Full show notes: http://badco.in/210

TIME STAMPS:

00:00 - Intro 

3:40 - Refresher and introductory crash course in blockchain, bitcoin, and cryptocurrency.

06:25 - Bitcoin and Blockchain are not the same thing; blockchain is actually the technology that allows crypto to be a secure platform.

09:28 - Halvening; the reward for completing the block cuts in half.

10:22 - Why do we need a Bitcoin cryptocurrency at all?

15:45 - Bitcoin and other cryptocurrencies can be a new way of transacting, only this digital currency is backed by the secure computer network, not a bank. 

16:41 - What gives paper "fiat" money its value? What gives you the right to say this digital currency is a currency? 

19:44 - The use cases for blockchain and cryptocurrency.

22:49 - Blockchain, in general, is a database that is transparent, decentralized, and distributed.

24:04 - Closing Remarks

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DISCLAIMER:

Do your own due diligence and research. Joel Comm and Travis Wright are NOT FINANCIAL ADVISORS. We are sharing our journey with you as we learn more about this crazy little thing called cryptocurrency. We make NO RECOMMENDATIONS. Don't take anything we say as gospel. Do not come to our homes with pitchforks because you lost money by listening to us.

We only share with you what we are learning and what we are investing it. We will never "pump or dump" any cryptocurrencies. Take what we say with a grain of salt. You must research this stuff on your own! Just know that we will always strive for RADICAL TRANSPARENCY with any show associations. Support the show: https://badcryptopodcast.com See omnystudio.com/listener for privacy information.