Description
Michael and Preston explore Bitcoin's foundational principles, covering digital scarcity, mining incentives, node infrastructure, and the importance of self-custody versus third-party management.
What you'll learn here:
00:00:00 - Intro
00:06:23 - How Bitcoin prevents government-led currency debasement
00:08:01 - What makes Bitcoin a secure and decentralized timekeeper
00:11:32 - The mechanics of block creation and transaction verification
00:19:45 - Why block reorganizations occur and how they're resolved
00:22:43 - The economic incentives behind Bitcoin mining
00:28:46 - Differences between running a node and mining
00:33:28 - The role of transaction fees as block subsidies decline
00:45:47 - How Bitcoin's security model addresses hack concerns
00:46:05 - How self-custody empowers users and mitigates risks
Transcript & Guest Info:
https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-101-w-michael-schmid/
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- Bitcoin Torque: Saylor's Playbook w/ Andy Edstrom: https://youtu.be/RLoux3CGXlU
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⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting.
#Bitcoin #CryptoEducation #BitcoinMining #BlockchainTechnology #SelfCustody