❓ What is Bitcoin?

❓ What is Bitcoin?



Mentions
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Izabella Interview: https://www.youtube.com/watch?v=Fwq67ztDtYA
Bitcoin explainer videos:

My BTC Wallet 🤓:
1FAwtrb7AucdzHg2WRnaBmzhWV6F6sxiER

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ATTN: Teachers, educators, or presenters to younger audiences, here is a censored version: https://www.youtube.com/watch?v=oY6Pke-HxIk

Table Of Contents
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0:00 – Intro
0:21 – What is Bitcoin?
0:41 – Why was bitcoin created?
2:10 – How would a currency that doesn’t involve banks be better?
2:33 – Commodity Currency definition
2:41 – Representative Currency definition
3:55 – Fiat Currency definition
4:55 – How does Bitcoin have real monetary value?
7:59 – Tim Draper’s Bitcoin value
8:23 – Erik Finman’s Bitcoin value
8:57 – Roger Ver’s Bitcoin value
9:47 – How does Bitcoin Work?
13:04 – Is Bitcoin Worth It?
13:28 – Izabella Interview

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Sources
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Tim Draper buying bitcoins – http://fortune.com/2017/05/30/bitcoin-biggest-investors/
US not financial centre – https://en.wikipedia.org/wiki/Financial_centre#Ranking
2008 Bubble falling by 30% – http://www.investopedia.com/articles/economics/09/subprime-market-2008.asp
Most horrific in financial history – http://www.investopedia.com/articles/economics/09/subprime-market-2008.asp
Satoshi quote – http://satoshi.nakamotoinstitute.org/quotes/economics/
Commodity Currency – https://en.wikipedia.org/wiki/Commodity_currency
Representation Currency – https://en.wikipedia.org/wiki/Representative_money
Nixon nixed the gold standard – https://en.wikipedia.org/wiki/Nixon_shock
Fiat Currency – https://en.wikipedia.org/wiki/Nixon_shock
Tim Draper Clip – https://en.wikipedia.org/wiki/Nixon_shock
Erik Finman Clip – https://en.wikipedia.org/wiki/Nixon_shock
Cryptocurrencies have value – https://en.wikipedia.org/wiki/Nixon_shock
Decentralized benefits – https://en.wikipedia.org/wiki/Nixon_shock
Venezuela Issue – https://en.wikipedia.org/wiki/Nixon_shock

Music
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Who Knows – NICOCO
Millipede – NICOCO
Symphony No.7 in A major op.92 – II, Allegretto – Beethoven
Heavy One – NICOCO
Relaxing – Bensound
Clean Soul – Kevin MacLeod
Floating – Podington Bear
Bass Walker – Kevin MacLeod
The Dream – Project 5am
Lone Trip – Podington Bear

REMEMBER TO ALWAYS FEED YOUR CURIOSITY