Chapter
Understanding Bitcoin and Blockchain Technology
21:07 - 28:47 (07:40)
A discussion on the advantages of using Bitcoin and how it differs from other forms of money or commodity. Additionally, the complexity of defining what Bitcoin and blockchain technology are is acknowledged.
Clips
William Bernstein discusses the concept of collectibles as money, citing the example of the Iraq Indians who used shells as currency for inheritance, injury compensation, and bride wealth for over 100,000 years.
21:07 - 22:14 (01:07)
Summary
William Bernstein discusses the concept of collectibles as money, citing the example of the Iraq Indians who used shells as currency for inheritance, injury compensation, and bride wealth for over 100,000 years.
ChapterUnderstanding Bitcoin and Blockchain Technology
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
Bitcoin is more portable, easy to store, cheaper, and secure than other forms of money or gold, and it has the added advantage of being easily transferred to people all over the world.
22:14 - 26:20 (04:06)
Summary
Bitcoin is more portable, easy to store, cheaper, and secure than other forms of money or gold, and it has the added advantage of being easily transferred to people all over the world. Its value may not lie solely in its function as a medium of exchange, but also as a store of value.
ChapterUnderstanding Bitcoin and Blockchain Technology
Episode#244: The Quiet Master of Cryptocurrency -- Nick Szabo
PodcastThe Tim Ferriss Show
Exploring the concept of a blockchain computer and its relationship with Bitcoin.
26:20 - 28:47 (02:27)
Summary
Exploring the concept of a blockchain computer and its relationship with Bitcoin. Addressing common misconceptions and explaining its potential use case.