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What Bitcoin is & How Bitcoin Works (A Simple Explanation)

What Bitcoin is & How Bitcoin Works (A Simple Explanation)

FromCryptocurrency for Beginners: with Crypto Casey


What Bitcoin is & How Bitcoin Works (A Simple Explanation)

FromCryptocurrency for Beginners: with Crypto Casey

ratings:
Length:
37 minutes
Released:
May 25, 2020
Format:
Podcast episode

Description

This is an audio guide for beginners about what bitcoin is and how it works. ======== LINKS TO ACCESS SITES SAFELY ========♦ Coinbase - Receive $10 of FREE BITCOIN when you use this link to sign up for Coinbase and invest $100: https://www.coinbase.com/join/57605a33b9140001c900020b♦ Recommended Hardware Wallet: Ledger Nano X Backup Pack Link - https://www.ledgerwallet.com/r/befe♦ BC Vault Crypto Hardware Wallet - https://bc-vault.com/shop/bc-vault/?wpam_id=22======== SUMMARY ========We break down bitcoin into simple concepts together, so by the end of the podcast, you will understand why bitcoin was created and the technology behind bitcoin.If you Google search, “What is Bitcoin?,” you get answers like: “Bitcoin is the first decentralized open source, peer-to-peer network that is powered by its users with no central authority or middlemen using blockchain technology.”Bitcoin may seem like a difficult concept to wrap your head around, yet it’s actually way simpler than most people think. Using bitcoin, you can send and receive value directly to anyone around the world, anytime.One of the hangups people have with understanding bitcoin, is just another thing we’ve been conditioned to accept as standard business practice: which is separation between value and storage or transference of that value.So we own and hold fiat like US dollars as something representative of value, yet use completely separate mechanisms to actually use it, store it, and move it around.So instead of having fiat represent value and paying financial businesses like Venmo and JP-Morgan Chase to move it around and store it, Bitcoin is both value and a means to transfer, store, and manage that value.This is because bitcoin is both digital value and it’s a network that can store and transfer the bits of digital value.Value and usage of the value is simply one unified system in the case of bitcoin.======== OTHER ESSENTIAL CRYPTO RESOURCES ======== ♦ Recommended 2nd Option to Buy Bitcoin/Ethereum: Coinmama Signup Link - https://go.coinmama.com/visit/?bta=51862&nci=5343♦ Recommended Exchange to Buy Altcoins: Binance Signup Link: https://www.binance.com/?ref=11055137♦ Recommended Malware Protection for Computer & Mobile Devices: MalwareBytes Link - http://www.tkqlhce.com/click-8628825-12849560♦ Recommended Encrypted Email Account for Managing Cryptocurrency Accounts: ProtonMail Link - http://proton.go2cloud.org/SH1f======== SOCIAL MEDIA LINKS ========● Facebook Page - https://www.facebook.com/cryptocasey/● Twitter: https://twitter.com/cryptocasey● Instagram: https://www.instagram.com/cryptocasey/● Business Contact - Casey@CryptoCasey.com● Website - https://CryptoCasey.com/======== DONATIONS ========♥ BTC - 12XfdCJqEuRRzMrcD1YaE5kHeSShdkcW3G♥ ETH - 0xf94c719621E358890Dd33dD010a

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Support this podcast: https://podcasters.spotify.com/pod/show/cryptocasey/support
Released:
May 25, 2020
Format:
Podcast episode

Titles in the series (100)

Hello, I'm Crypto Casey. I make informational and how-to videos about cryptocurrency, blockchain, and tangle technology at https://YouTube.com/CryptoCasey - My channel is about breaking down complex concepts and processes related to crypto in ways that are easy for everyone to understand. Whether you are interested in learning about how bitcoin works or looking to buy altcoins as an investment, subscribe to my channel to learn more about this exciting, new technology. As you can see, my videos break things down into easy-to-follow steps, so beginners and advanced crypto fiends alike can enjoy. Subscribe to my channel and let me know what questions you have about bitcoin, ethereum, blockchain, tangle, or any other types of cryptocurrency and I'll be glad to help. Support this podcast: https://podcasters.spotify.com/pod/show/cryptocasey/support