The Beginner’s Guide to Bitcoin Part 14: Bitcoin Things You Need to Know with Peter McCormack

Mr Obnoxious - Un pódcast de Peter McCormack

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Location: Skype
Date: Tuesday, 25th February
Project: What Bitcoin Did & Defiance
Role: Host

Welcome to the Beginner's Guide to Bitcoin.

Bitcoin can be intimidating for beginners. The protocol is complicated, the community can be aggressive and unforgiving, silly mistakes can lose you money, and it is easy to succumb to altcoin marketing.

Bitcoin does though, offer you the opportunity to hold a new type of monetary asset, one which can't be seized by the government and is censorship resistance and It has the potential to change the way the world.

The goal of What Bitcoin Did has always been about making things simple; there are no stupid questions, and the show is here to help beginners navigate this new world. To kick off 2020, we are launching a special series to help beginners understand Bitcoin. We will be looking at the basics from breaking down the protocol to explaining the economics and discussing the potential societal shift.

Beginner’s Guide Part 14 - Bitcoin Things You Need to Know with Peter McCormack

The Bitcoin Beginner’s Guide is all about breaking down the complexities of Bitcoin and making them as simple as possible to understand. In the series, we’ve explored everything from why we need Bitcoin, the economics, the protocol and even privacy, but, what have we learned?

As a breakaway from the regular show structure, I decided to put myself in the hot seat and answer questions about Bitcoin. I wanted to challenge myself, see how much I have learned, and whether I can explain these complicated subjects accurately.

With the help of my producer Danny, we break down the key takeaways from the Beginner’s Guide series. We discuss Satoshi and the whitepaper, the 21 million hard cap, block rewards and size, mining, running a node and privacy.

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Connect with Peter:
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On Twitter
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On Medium
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On LinkedIn

Mentioned in the interview:
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The Bitcoin Whitepaper
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Bitcoin genesis block
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Bitcoin Core
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Controlled Supply
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Unspent transaction outputs - UTXOs
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Open-source software
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Bitcoin consensus rules
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Transactions
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Full Node
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Mining
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What Is the Bitcoin Block Size Limit?
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Block weight
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Block size limit controversy
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What Is Lightning Network And How It Works
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Lightning Network
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Fiat Money

Other relevant WBD podcasts:
- WBD196:
The Beginner’s Guide to Bitcoin Part 13: The Lightning Network with Jack Mallers
- WBD195:
The Beginner’s Guide to Bitcoin Part 12: Bitcoin Privacy & OpSec with Jameson Lopp
- WBD192 -
The Beginner’s Guide to Bitcoin Part 11: Bitcoin and the Macroeconomy with Travis Kling
- WBD191:
The Beginner’s Guide to Bitcoin Part 10: Buying, Spending and Earning Bitcoin with Matt Odell
- WBD190:
The Beginner’s Guide to Bitcoin Part 9: Altcoins, A History of Failure with Nic Carter
- WBD189:
The Beginner’s Guide to Bitcoin Part 8: How is Bitcoin Legal with Peter Van Valkenburgh & Jerry Brit
- WBD188:
The Beginner’s Guide to Bitcoin Part 7: Bitcoin's Monetary Policy with Dan Held
- WBD187:
The Beginner’s Guide to Bitcoin Part 6: How Bitcoin Works with Shinobi
- WBD186:
The Beginner’s Guide to Bitcoin Part 5: The History of Bitcoin with Marty Bent
- WBD185:
The Beginner’s Guide to Bitcoin Part 4: What is Bitcoin with Stephan Livera
- WBD184:
The Beginner’s Guide to Bitcoin Part 3: Bitcoin's Pre-History and the Cypherpunks with Aaron van Wirdum
- WBD183:
The Beginner’s Guide to Bitcoin Part 2: What Is Money with Parker Lewis
- WBD182:
The Beginner’s Guide to Bitcoin Part 1: Andreas M. Antonopoulos on Why We Need Bitcoin

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