Bitcoin Basics Help

BitcoinBasics Podcast hosts Faris and Gordon differentiate between public and private blockchains, open and closed blockchains, blockchain use cases and the ultimate use case for the Bitcoin blockchain. Spoiler: it's money!

Faris and Gordon discuss the Lightning Network and how this payment solution is being used on top of the Bitcoin blockchain to enable cheaper, faster and more private transactions.

Faris and Gordon finally dig themselves out the Bitcoin White Paper rabbit hole by explaining nodes and decentralisation of the Bitcoin network (blockchain).

Faris and Gordon are stuck in the rabbit hole of the Bitcoin White Paper and explain Bitcoin's proof of work algorithm (PoW) and how this secures the Bitcoin blockchain.

Faris and Gordon continue falling down the rabbit hole of the Bitcoin White Paper by discussing double-spending and how the Bitcoin blockchain solves this without a 3rd party.

Faris and Gordon continue explaining the Bitcoin White Paper by discussing electronic cash and how it's different to other forms of money.

Faris and Gordon begin to explain the Bitcoin White Paper by discussing Peer-to-Peer networks.

Faris finishes the 'Bitcoin Begins' presentation by answering questions at the "Beer & Bitcoin" night.

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Slides: https://docs.google.com

Bitcoin Explorer: https://blockstream.info

ATTRIBUTION:

Music: "In Suspense" by http://podsummit.com/freemusic under CC0 1.0

https://coincompass.com your #bitcoin advisors & educators. #CoinCompass educates investors & creates Bitcoin wealth management solutions. It's estimated over 7 million bitcoins have been lost or stolen. Learn how to keep yours safe by integrating #InfoSec (Information Security), #OpSec (Operational Security) & industry best practices enabling you to: safely buy, store & control your own private keys (bitcoins).

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DYOR DISCLAIMER:

Any content provided by CoinCompass is for educational and informational purposes only and is not investment, legal, tax or any other advice. A qualified professional should be consulted before making any financial decisions. CoinCompass is not a money transmitter nor broker so cannot buy bitcoin or any other cryptocurrency assets on your behalf. CoinCompass will at times recommend certain products, services and technologies but these are opinions based upon our experiences and not endorsements. We take no liability for out-of-date or inaccurate information, software bugs, manufacturing errors, technology misuse or issues involving third parties. Our newsletters, Twitter PSAs (emergency alerts) and webinars always keep you informed.

Faris continues the 'Bitcoin Begins' presentation by explaining The Bitcoin Blockchain at the "Beer & Bitcoin" night.

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Slides: https://docs.google.com

Blockchain Demystified: https://www.youtube.com/watch?v=Fy8BfVrj4dk

Bitcoin Explorer: https://blockstream.info

ATTRIBUTION:

Music: "In Suspense" by http://podsummit.com/freemusic under CC0 1.0

https://coincompass.com your #bitcoin advisors & educators. #CoinCompass educates investors & creates Bitcoin wealth management solutions. It's estimated over 7 million bitcoins have been lost or stolen. Learn how to keep yours safe by integrating #InfoSec (Information Security), #OpSec (Operational Security) & industry best practices enabling you to: safely buy, store & control your own private keys (bitcoins).

MORE FREE CONTENT: https://coincompass.com/free

SOCIALS:

Facebook: https://facebook.com/CoinCompassBTC

Twitter: https://twitter.com/iCoinCompassBTC

Youtube: https://www.youtube.com/CoinCompassBTC

LinkedIn: https://linkedin.com/company/coincompass

Reddit: https://www.reddit.com/user/CoinCompassBTC

DYOR DISCLAIMER:

Any content provided by CoinCompass is for educational and informational purposes only and is not investment, legal, tax or any other advice. A qualified professional should be consulted before making any financial decisions. CoinCompass is not a money transmitter nor broker so cannot buy bitcoin or any other cryptocurrency assets on your behalf. CoinCompass will at times recommend certain products, services and technologies but these are opinions based upon our experiences and not endorsements. We take no liability for out-of-date or inaccurate information, software bugs, manufacturing errors, technology misuse or issues involving third parties. Our newsletters, Twitter PSAs (emergency alerts) and webinars always keep you informed.

Faris starts the 'Bitcoin Begins' presentation by explaining the basics of money at the "Beer & Bitcoin" night.

Please SUBSCRIBE to keep all our educational content ad free.

Slides: https://docs.google.com

ATTRIBUTION:

Music: "In Suspense" by http://podsummit.com/freemusic under CC0 1.0

https://coincompass.com your #bitcoin advisors & educators. #CoinCompass educates investors & creates Bitcoin wealth management solutions. It's estimated over 7 million bitcoins have been lost or stolen. Learn how to keep yours safe by integrating #InfoSec (Information Security), #OpSec (Operational Security) & industry best practices enabling you to: safely buy, store & control your own private keys (bitcoins).

MORE FREE CONTENT: https://coincompass.com/free

SOCIALS:

Facebook: https://facebook.com/CoinCompassBTC

Twitter: https://twitter.com/iCoinCompassBTC

Youtube: https://www.youtube.com/CoinCompassBTC

LinkedIn: https://linkedin.com/company/coincompass

Reddit: https://www.reddit.com/user/CoinCompassBTC

DYOR DISCLAIMER:

Any content provided by CoinCompass is for educational and informational purposes only and is not investment, legal, tax or any other advice. A qualified professional should be consulted before making any financial decisions. CoinCompass is not a money transmitter nor broker so cannot buy bitcoin or any other cryptocurrency assets on your behalf. CoinCompass will at times recommend certain products, services and technologies but these are opinions based upon our experiences and not endorsements. We take no liability for out-of-date or inaccurate information, software bugs, manufacturing errors, technology misuse or issues involving third parties. Our newsletters, Twitter PSAs (emergency alerts) and webinars always keep you informed.