Everyone has heard the buzz about Bitcoin, but what is driving this mad dash and the volatile cryptocurrency markets? What are the mechanics of Bitcoin, of mining and trading it? How are transactions secured against tampering? Is it anonymous, and thereby shielded from the IRS? As Warren Buffet would have it, is it time to be fearful or greedy?
Show Notes
01:45 | Blockchain opening up new sources of funding02:30 | Satoshi Nakamoto’s white paper03:30 | The two components of Bitcoin: mining and trading05:30 | Why does Bitcoin work? How many people are sharing the ledger?05:45 | The difficulty or ease of buying and selling Bitcoin?06:55 | Places to learn how to trade: coinbase.com, poloniex.com, coindesk.com, bitfinance.com, bitcoin.org08:05 | Bitcoin wallets, public and private keys, and QR Codes09:25 | The profusion of cryptocurrencies since 201709:50 | What determines the value of a cryptocurrency10:00 | ICO’s, Initial Coin Offerings10:50 | Can anyone start their own cryptocurrency?12:05 | The crypto-bust and Warren Buffet’s investment advice12:30 | Do cryptocurrencies make transactions untraceable?13:40 | How will the IRS tax capital gains captured via cryptocurrency?14:45 | Will Bitcoin itself begin submitting 1099’s to the IRS?15:20 | The use of technology for good and ill