The boys take the first real step down the crypto rabbit hole: Bitcoin. The OG. The big coin on campus. The oldest and largest cryptocurrency by market cap. Who made it? What problem does it solve? Why would anyone pay $335M for two Papa John’s Pizzas? All of this and more as we begin our dizzying descent into decentralized finance.
TIMESTAMPS:
1:30 – Who is Satoshi Nakamoto?
5:15 – What is a new currency worth?
7:23 – The Blockchain
9:50 – Double spend problem a
12:06 – Let me tell you about bitcoin
13:31 – Immutability and consensus
17:20 – Monetary policy
19:53 – Trust + value over the internet
23:08 – Lightning round
23:45 – Does it matter who Satoshi Nakamoto is?
26:55 – What are all of these alternative bitcoins?
28:40 – How is Bitcoin regulated?
32:00 – Sign off
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