Bitcoin and Cryptocurrency Explained For Beginners | Bitcoin For Dummies Explained

Business Start Ups, Business Insights, Beginner Entrpreneurial Advice, Personal & Self Development

In this Episode we have the pleasure of having Byron Grealy on the show. We start off simple by taking a look at exactly what digital currencies are and how they work on the blockchain. We talk about decentralized systems and the pros and cons of a blockchain system. Byron explains hardware wallets,fiat currencies and exactly what Bitcoin is. We discuss how safe cryptocurrencies are and go into detail of how to buy bitcoin. We touch on using cryptocurrencies cards and the difference between bitcoin and ethereum. We dive into the process of mining Bitcoin and debate wheather cryptocurrencies are sustainable or not.

CHAPTERS

0:00 - Intro 1:57 - What is Cryptocurrecy?

4:35 - Decentralization

8:20 - Pros and Cons of Blockchain Technologies

12:30 - Hardware Wallets

19:50 - What is Bitcoin?

24:40 - Fiat Currency

26:00 - How safe is cryptocurrency

29:50 - Steps to buy Bitcoin

35:37 - Crypto Cards

39:00 - Ethereum

44:15 - Miners

55:40 - Is cryptocurrency environmentally sustainable?

58:57 - Recap of miners

1:04:53 - Are businesses accepting cryptocurrencies?

1:05:40 - Full Recap

1:22:15 - Outro

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