In this special edition episode of WiM, Linda Hill joins me to ask some beginner-level questions about Bitcoin, and I attempt to answer them as simply and as thoroughly as possible.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 What is Crypto?00:10:08 Who Invented Bitcoin?00:13:39 What Makes Gold Valuable?00:15:42 Properties of Money00:22:35 Scarcity of Money00:32:36 NYDIG00:33:43 Bitcoin’s Properties Replicating the Properties of Gold00:39:24 Phases of Money00:44:12 The Emergence of Government in Protecting Money00:47:18 Bitcoin’s Phases of Becoming Money00:52:49 Why Bitcoin and Not Other Cryptoassets?01:01:53 What Makes Bitcoin Safe?01:09:39 What is a Node and what is Mining Bitcoin?01:19:33 Mining as a Lottery01:21:34 The Dynamics of Price Fluctuations in Bitcoin/Markets01:31:18 Value and Worth01:36:39 Bitcoin and Taxes01:42:00 Argument Against Taxation01:49:12 History of Coercion by Governments01:54:23 Energy & Bitcoin02:01:14 Proof of Stake02:05:40 Why Bitcoin is Not a Ponzi Scheme02:10:09 Inflation Promoting GamblingSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack