Talk Bitcoin to Me

"You keep saying that word. I do not think it means what you think it means."
- Inigo Montoya, on "crypto"

We’ve always been all about Bitcoin. But why? What about the other coins, like Ethereum? Why do we have a favorite child? And WHY is it basically a GameBoy?
Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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2:18 - Why Bitcoin, and nothing else? 

12:14 - What problem does crypto solve?

15:05 - What’s the attitude in the Bitcoin community regarding “shitcoins?” (+  explanation of Network Effect and internet-operability… aka if Cash App and Venmo played nice)

19:44 - Why don’t you concern yourself with other coins, Matt? Bitcoin rising to the top… has this always happened, in markets?

28:13 - The definition of “CRYPTO.” What are people talking about when they use that word? 

32:20 - $100: Las Vegas casino or crypto casino? 

34:33 - Addressing rumors in the space: a recent hack and the ripples it causes

42:17 - Price conjecture: what the charts say

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Resources: 

• PolyNetwork Hacking Saga Gets Juicier (our headline for this article)

Sponsors:

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• (And follow us!!)

We're BAAAACCCKK... and PREACHY! This frolicking episode has us examining a lot of new news, weird news, and also making errors left and right. We're still learnin', people! And sorry for weird audio... it's definitely a summer break episode right here.
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Times:

2:59 - Episode starts in earnest! We're BACK and talking about recent news, including the new provisions being added to the proposed US Infrastructure Bill.
7:49 - Relating to California's new pig farmers
11:35 - Discussing world reserve currency, globalization, and the differing lenses of nation states (Nigeria, El Salvador, US)
19:13 - Does money NEED to be controlled?
24:18 - Thoughts on privacy rights and the role of government in privacy
29:18 - Possible paradigm shifts in societal thinking on what money is
31:58 - The powerful nature of bitcoin
36:52 - Kailey touches on some interesting education metrics insights and tying it back to globalization and bitcoin
39:26 - Discussing the different belief (or lack of belief) systems of retail investors buying cryptocurrencies
42:12 - Matt giving his two cents on the current bitcoin market (not financial advice, obvi)
45:30 - Bitcoin getting greener?
47:25 - Defunding NASA?
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Resources: 

• How much infrastructure is in Biden's infrastructure plan?
• New California Pig Rules
• Elizabeth Warren's current (bad) takes on Bitcoin
• Oil-backed world reserve currency
• Nigerian government learning a hard lesson about Bitcoin
• How the US Dollar became the world reserve currency
• How much carbon is emitted by Bezos flying a rocket into space?
• Police reform, defunding, and abolition explained

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Sponsors:

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Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order

• Follow Redeemer + Kernel Modular on Insta
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Buckle up, Bitcoiners, because we are heading into a post-China mining SLUMP, but if your "time preference" is high, sit it back and wait it out: the principals that made Bitcoin so strong are still the same.

In the meantime, we aimed for a 10-min refresher on Bitty (more like... 15 mins) for you to send to friends and review what you know. As always, HODLon and let us know what you think!
 
Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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2:15 - What we tackle in this episode: Matt refereeing Kailey explaining Bitty
3:30 - What is Bitcoin?
6:10 - Matt tries to ask leading questions that KAILEY WAS GONNA GET TO
7:55 - What about governments banning Bitcoin?
9:30 - Why is Bitcoin's price so volatile?
13:40 - ELI5 how Bitcoin WORKS
15:15 - Final Question: Why should people CARE about Bitcoin?!

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• (resources forthcoming, when Matt has a second...)

Sponsors:

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El Salvador, wtf is "legal tender" anyway, volcanoes!, the Lightning Network, "legal counterfeiting..."

Take an itty bitty vitamin with us today as we chat about the above topics. And for the record, Kailey HATES Capri Suns.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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2:35 - News talk: El Salvador's adoption of Bitcoin as legal tender
10:00 - More crazy news talk: Volcano mining, WHAT!?
18:40 - Matt is SUPER excited about the Lightning Network
30:35 - Thoughts on privilege, the class system we live in, appreciating assets, and purchasing power

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• What is Legal tender?
• Volcano Mining
• The Lightning Network (Wikipedia)
• Learn more about marketplaces being built on the Lightning Network

Sponsors:
Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order
Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order

• Follow Redeemer + Kernel Modular on Insta
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Sometimes we just decide we should record an episode, just for the hell of it. And by sometimes, we mean THIS time. In this episode, we sit down to discuss all the juice; Bitcoin Pizza Day, bitcoin's recent price drop (BTFD?), Elon Musk aka the ultimate troll, and so much more. Tune in, and let us know what you think!

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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1:00 - History of Bitcoin Pizza Day/Week
4:45 - Etiquette Lesson with Portia and Rob
6:00 - Trying to understand the nuance of markets and why it matters
15:46 - The state of the markets in our super duper technical analysis
20:15 - Wait, Bitcoin has price volatility??
30:16 - Our take on current state of the markets and inflation
41:09 - Elon Musk shenanigans

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• Why Tesla Turns a Profit But Not Because of Car Sales
• Podcast Episode: What Bitcoin Did - Is the Bitcoin Bull Market Over? with WILLY WOOOOOOOOOO
• Michael Burry (Christian Bale's character from The Big Short) is betting AGAINST Tesla....

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order
Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order

• Follow Redeemer + Kernel Modular on Insta
• (And follow us!!)

FUD, HODL, DCA, NFT, PoS, PoW?! Let us help you understand the hashtags.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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1:19 - DCA: Dollar Cost Averaging
3:43 - HODL: "Hold." Just hold.
6:12 - FUD (noun, verb): Fear, Uncertainty, and Doubt + CBDC: Central Bank Digital Currency
9:12 - SATS: Satoshis, the "cent" version of a Bitcoin {not an acronym, just a lil name}
9:58 - NFT: Non-Fungible Token
12:32 - FOMO + BTFD: Fear of Missing Out + Buy the F***ing Dip
14:09 - PoW vs PoS: Proof of Work (Bitcoin) vs Proof of Stake (Ethereum)

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Resources: 

• What would happen if you Dollar Cost Averaged Bitcoin? dcabtc.com
• The original HODL post. An absolute icon.
• Dan Held on Twitter: @danheld (Dan HEDL)
• Nic Carter's FUD dice - an article that combats allllll the FUD
• Investopedia: The difference between Proof of Work and Proof of Stake

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order
Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order

• Follow Redeemer + Kernel Modular on Insta
• (And follow us!!)

Price drops, taxes, conspiracy theories, oh my!  🦁🐯🐻

They say keeping up with the Bitcoin space is like living a span of 10 years in just 1.
WE ARE WISE, GATHER 'ROUND. 

Whether you’ve just started following the headlines around Bitcoin or you’re a seasoned veteran, this episode’s got the juice. We also address some Bitcoin wallet questions in the wildly popular segment,  the Dumbest Question of the Week.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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1:03 - Episode Summary (or so we think it is)
1:37 - Our thoughts on the current price consolidation
9:40 - Recap of current use cases
11:05 - Logarithmic Charts and exponential growth
18:59 - The completely non-verified-but-juicy China conspiracy theory
(21:20 - Review of bitcoin mining)
24:28 - Back to China theory
32:06 - Dumbest question of the week: Why not buy on Robin Hood?
41:3 - Ol' Joey Biden's U.S. capital gains taxes

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Resources: 

• WHOA, WE FOUND THIS! Flooded Mine in China
  • Please listen to our energy episode and read this before you get onto us about Bitty's enviro footprint
  • This doesn't mean our theory is wrong! Just how DEEP the conspiracy OBVIOUSLY  goes 😏
• Follow Redeemer + Kernel Modular on Insta
• (And follow us!!)
• Bitcoin Logarithmic (🌈RAINBOW🌈) Chart + Planetary Scale
• Avril Lavrigne Conspiracy Theory
• Mattress Firm Conspiracy Theory
• BISQ ("bisque"), a decentralized Bitcoin exchange

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order

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It's been a minute, and Bitty be doing crazy things. When we recorded this on Monday, Bitty hadn't been holding so firm at $63k... we're just trying to keep up!

In this episode, we hit up:

• what price means in a free market (especially in the past year)
• what major players are hopping in the Bitty Hot Tub
• what an "ETF" is

AND WE MAKE SURE YOU UNDERSTAND US.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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00:37 - Price, Sentiment, "Free Market"  with PENCILS and APPLES
09:30 - Understanding comparative valuations (when both fluctuate)
13:15 - How is money valued? We kind of understand...
15:57 - Why number go up? Let's speculate!
19:39 - Who are the major players (for those who care about that kind of stuff)
20:32 - What is Grayscale/Grayscale Bitcoin Trust (GBTC)? WTF is an ETF?
25:44 - Market analytics and current sentiment
29:45 - Is Bitcoin a threat to government?
32:30 - What is a CBDC (Central Bank Digital Currency)?
34:30 - Where does Bitcoin go next?
38:03 - Song Parody
39:22 - Closing question about markets

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Resources: 

• Cover Orchestra, by Jeff Rosick
• Get a ticket to my show! - The Last Five Years at Broadway Rose
• Willy Woo's newsletter
• What's an ETF?
• the "sly, roundabout way" - Hayek (aka, that quote Matt read)

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order

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Alright y'all! You thought about it, you might've asked us about it, you most likely read about it, and now it's time for us to chime in on it: BITCOIN'S ENERGY CONSUMPTION! Whether you're not quite sure what to think of it, you're sure that bitcoin is going to boil the oceans, or you're just kind meh about it, this episode is definitely going to get those wheels turning.

After we take a brief, but mind-bending, detour on discussing taxes (in the US, but maybe applies elsewhere), we dive into discussing our thoughts on bitcoin mining's energy usage. What is it, why does it matter, and is it worth it?? Listen in and make your own decision. We also have a few Dumb Questions to tend to at the end, so make sure to check them out, and take a peek at the resource links in the show notes if you have the time... it's good stuff.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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00:40 - Thoughts on taxes
07:07 - Recap of what bitcoin mining is and how it works (see Ep 4.0 for more details)
10:40 - What is energy and energy usage?
14:30 - Measuring bitcoin's energy usage and the economics of mining
17:21 - Electricity and sourcing energy
20:35 - Zooming out on energy consumption
23:32 - Is it worth it? We get heady with it here.
31:00 - Thoughts on news headlines
35:55 - So wait, why mining again?
38:42 - TL;DR
39:48 - Dumb Questions of the Week

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Resources: 

• PoW is Efficient by Dan Held
• This piece, this piece, and this other piece by Nic Carter cofounder of CoinMetrics.io
• Tweet thread by cryptoanalyst Yassine Elmandjra
• Bulls and Bears
• Hawkish and Dovish

Sponsors:

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Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order

What are NFTs?

**NFTs (non-fungible tokens) are BASICALLY deeds/certificates of ownership for digital ART(IFACTS).** 

You can be the owner of a one-of-a-kind piece of art like a .jpg, .png, .gif, movie file (think of owning the unpublished footage of a NBA 3-pointer), music file, blog... It’s original art auctioning, but make it digital. 

This is a huge moment for artists everywhere, even if the million-dollar CRAZE is temporary. Now, you don’t have to be a sculptor or oil painter to be given a voice at the “fine art price tag” table! 

AND!!? This kind of technology isn’t going anywhere! Have a listen to our episode, where we break it down. Even if you know what NFTs are, we imagine the future use-cases in an increasingly digital world. 

Kings of Leon, Jesus-shaped Cheetos, Smart Contracts, thwarting concert tix scalpers, “Crypto Kitties” vs Tamogatchis, the underground trading world of Rare Kool-Aid packets…they all have a place in this podcast.

Follow us on twitter @talkbittytome & email us at [email protected]. 
Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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01:33 - Privilege
06:45 - Sponsor Shout Out!
08:03 - Diving in to NFTs: Definition, What is Ethereum and how does it facilitate a "smart contract," what is "decentralized finance" (DeFi)
12:00 - BUT WHAT IS A SMART CONTRACT
14:35 - Pause and Review**SKIPTOHERE if you want to miss nerdy stuff.*
16:50 - Okay: "An NFT is a deed of ownership to digital art."
22:40 - The Future of NFTs (or, get these artists PAID)
29:08 - cool announcement ;)

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Resources: 

• Article - NFTs, Explained
• Podcast - Waveform: NFTs Explained with Justin Maller
• Podcast - Sixteen Minutes: When Christie's Meets Crypto—The NFT Moment
• Awesome Deep Dive Article! - NFTs Explain It Like I'm Five
• Cheetos on Ebay
• Rare Kool-Aid Flavors
• Crypto Kitties - "Collect and Breed Furrever Friends!" (Terrifying.)

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order

Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order