8 episodes

Bitcoin. Crypto. Blockchain. Familiar words, but what do they ACTUALLY mean? And why so much hype? What are the big-picture ramifications for the world? Is blockchain, the tech behind Bitcoin, really the most incredible innovation since the Internet? Become the cryptocurrency expert with this FREE AUDIOBOOK PODCAST!

Learn the tech, the history, and the economic theory that underpins it all.

Maxim Beatty is a trained economist & investor, in the crypto community since 2013, building, organising, and educating. Buy the actual book on Amazon paperback & Kindle | amzn.to/2WRHRGg

WTF is Bitcoin?! The Cryptocurrency & Blockchain Guide for Dinner Parties Maxim Beatty

    • Technology
    • 5.0 • 3 Ratings

Bitcoin. Crypto. Blockchain. Familiar words, but what do they ACTUALLY mean? And why so much hype? What are the big-picture ramifications for the world? Is blockchain, the tech behind Bitcoin, really the most incredible innovation since the Internet? Become the cryptocurrency expert with this FREE AUDIOBOOK PODCAST!

Learn the tech, the history, and the economic theory that underpins it all.

Maxim Beatty is a trained economist & investor, in the crypto community since 2013, building, organising, and educating. Buy the actual book on Amazon paperback & Kindle | amzn.to/2WRHRGg

    Chapter 8 | Blockchain vs. Government

    Chapter 8 | Blockchain vs. Government

    Cryptocurrency has legions of fans in the libertarian community, who admire its ability to circumvent government's traditional, regulatory control of financial markets and transactions. This has far-reaching consequences for government tax departments, who must adapt now that the blockchain genie is out of the bottle. It also has the potential to clean up corruption, as it facilitates a more transparent view of governmental finances. How do we adapt to this brave new world?

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/7cGPDbsTPS4 Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 21 min
    Chapter 7 | The Ethereum Asset Revolution

    Chapter 7 | The Ethereum Asset Revolution

    In early 2015 at a cryptocurrency Meetup at a local Starbucks in Manila, the Philippines, a bedraggled, moped-riding Englishman tried to convince me that the blockchain project he and his online friends were working on was the next evolution of Bitcoin that would completely revolutionise and decentralise all asset markets, from shares to real estate, in the future.. A distributed blockchain smart contract computer, that I could buy into for 30 cents a coin if I was interested. That project, Ethereum, is now worth more than $500 trillion and forms the backbone of the Non-Fungible Token (NFT) economy! In blockchain, don't judge a book by its cover.

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/7fLz2xbfMr4 Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    Disclaimer | https://pod.wtfisbitcoin.net/disclaimer.html

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 19 min
    Chapter 6 | Who's Who?

    Chapter 6 | Who's Who?

    Since its early days as a mere curiosity, Bitcoin and other cryptocurrencies have attracted a colourful collection of personalities enthusiastically championing the technology and promoting it to the wider world, as well as passionately arguing amongst themselves regarding its future. To begin with, the legal status of cryptocurrency was also uncertain meaning that some even naively ended up in prison after overstepping existing financial regulations.

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/jyUT5FYIayI Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    Disclaimer | https://pod.wtfisbitcoin.net/disclaimer.html

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 12 min
    Chapter 5 | The Bitcoin Civil War

    Chapter 5 | The Bitcoin Civil War

    In 2017, Bitcoin's popularity had become a problem. Effectively unable to process more than 400,000 transactions per day (Visa claims to process 150 million transactions per day), how to scale the technology became a bone of contention, that would eventually split the community and lead to the code fork that resulted in the creation of Bitcoin Cash. Find out the technical limitations of the technology and the pros and cons of the respective cryptocurrency scaling strategies.

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/5wqjJWYeyy4 Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    Disclaimer | https://pod.wtfisbitcoin.net/disclaimer.html

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 35 min
    Chapter 4 | The Market

    Chapter 4 | The Market

    Why is cryptocurrency valuable? What is driving the stratospheric valuations? Could cryptocurrency really be a Pandora's Box that recalibrates the global economy for better or worse? We also dive into the fundamental qualities that makes blockchain technology a completely new paradigm.

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/LaI1yuFSVf8 Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    Disclaimer | https://pod.wtfisbitcoin.net/disclaimer.html

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 27 min
    Chapter 3 | The Anatomy of Bitcoin

    Chapter 3 | The Anatomy of Bitcoin

    The genius of Bitcoin is how Satoshi Nakamoto managed to put together the different technological pieces of the puzzle to create a truly decentralised currency. This episode we cover the intricacies of Proof of Work, what mining actually is (as opposed to how the media describes it), and we look into how a transaction actually works. It's one of the more jargon-heavy chapters (including some long numbers that you can skip forward through lol - bare with me.. I promise there is method to my madness), so don't be afraid to pause and replay if you fall behind.

    Note the completely different SHA256 hashing function outputs mentioned in the episode are:

    Hello: 185F8DB32271FE25F561A6FC938B2E264306EC304EDA518007D1764826381969

    Happy: 725ACCB5A8E46D19BC3F3A7636D0860A85470FA450BE7F0F6A8C7572756765FD

    Helo: 375738319E86099FE081FABEE238C40D6F038959DA383C99CA3FE146E5CC8B7E

    The difficulty target expressed as a decimal is: 16307.420938523983 or as a hex58 number: 0x00000000000404CB000000000000000000000000000000000000000000000000

    Buy the actual book on Amazon paperback & Kindle. https://amzn.to/2WRHRGg

    Listen to this episode on Youtube | https://youtu.be/ny5l3__qOys Audiobook Podcast Youtube Playlist | https://youtube.com/playlist?list=PL-cj8Q_B0xWFybnr3Z_DZlYzSy_hBDgbo

    Feel free to support this work by liking, subscribing and leaving a comment on our podcast page, sharing on social media, or making a contribution on Patreon. https://www.patreon.com/maximbeatty

    Disclaimer | https://pod.wtfisbitcoin.net/disclaimer.html

    This work contains the music track RW Smith - Dig Deep that is licensed under a Creative Commons Attribution license | Source: https://directory.audio/free-music/hip-hop-rap/5933-rw-smith-dig-deep | Author: RW Smith

    • 21 min

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