Ok Cypto Bros, with the 100k milestone upon us, it's finally time to do an episode on Bitcoin. As basic an episode as possible, because while host Daren Blonski CFP® has been wise to the coin world for some time, co-host Dano Weir only knows what he's seen in a few headlines. So for educational purposes only, let's have a based conversation about the coins that exist but you can't hold in your hand. Maximalists will probably laugh and deniers might scoff. We just want to have an open conversation about the 7th largest asset class in the market. This episode is perfect if you know nothing about crypto and at least want to know what people are talking about.

Full video on our YouTube Channel

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CHAPTERS
0:00 Cold Open: The Mario Coin Riddle
2:12 Welcome to It's All Money
3:23 What Is Crypto, Really?
7:06 Creating Coins Out of Thin Air: Public and Private Keys
9:14 Cash vs. Bitcoin: The ATV Purchase
12:00 The 21 Million Cap and the Case for Scarcity
14:43 Splitting Bitcoin and Why It Can't Be Shut Down
17:54 Bitcoin Culture and How Daren Got Hooked
19:57 Is Bitcoin Used for Illegal Transactions?
20:52 Can Bitcoin Be Hacked? Exchanges, Mount Gox, and Regulation
23:38 A Bitcoin ATM in a Petaluma Market
25:28 Is Bitcoin More Dangerous Than Traditional Currency?
28:26 Bitcoin ETFs Explained Through Gold
32:14 Hodling, Lost Wallets, and the Coins That Never Move
35:58 What Happens If the Dollar Recalibrates?
37:12 Echoes of 2008 and the Birth of Bitcoin
39:29 How Bitcoin Mining Actually Works
44:06 Debunking the Bitcoin Energy Myth
46:11 Digital Photos as an Analogy for Cash and Crypto
46:59 The Dollar Is Being Inflated Away
48:14 Should You Add Bitcoin to Your Portfolio?
49:10 Everything Is Backed by Belief
51:20 The Bitcoin Landfill: James Howells' Lost Fortune
52:47 The Forgotten Password Worth $190 Million
54:06 A 1708 Shipwreck and the History of Lost Wealth
55:50 NFTs, Scams, and Spotting Bitcoin Maximalists
58:40 Wrap-Up and Disclosure

Refrences:
https://www.investopedia.com/terms/c/cryptocurrency.asp
https://www.nerdwallet.com/article/investing/cryptocurrency
https://en.wikipedia.org/wiki/Cryptocurrency
https://www.imf.org/en/Blogs/Articles/2024/08/15/carbon-emissions-from-ai-and-crypto-are-surging-and-tax-policy-can-help
https://www.bbc.com/news/articles/cgr0dyy152jo
https://www.msn.com/en-us/money/markets/analyst-warns-of-leverage-driven-xrp-pump-as-token-flips-tether/ar-AA1v5Enr
https://www.history.com/news/san-jose-shipwreck-battle-2
https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp