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#43 Decoding crypto: comparing the Fiat system with the Bitcoin solution (part 2) episode artwork

Feb 9, 2022 47 min

#43 Decoding crypto: comparing the Fiat system with the Bitcoin solution (part 2)

from Money Minded Hosted by Passive Income Project

Ask us a question or suggest a topic 🤙 In part two of their Fiat vs Bitcoin comparison, Ryan and Terry use a clever Willy Wonka analogy to explain the mechanics of the Bitcoin network and monetary policy. Following the same structure and their previous episode, they explore how Bitcoin would propose to handle the three functions of a monetary system. And in the process, they uncover how Bitcoin could fix some of societies biggest problems. Also in this episode: Three simple thought experiments that can help you envision how the world would be different using Bitcoin as it's monetary system The biggest cost that comes with Bitcoin (and why it might be worth every cent) How to reduce your risk by understanding the crucial difference between Bitcoin and 'crypto'. Show notes Click here to see notes on this show and all resources & links mentioned. Corporate program Click here to find out more about our workplace program Masterclass: The Four handbrakes that hold us back Click here to unlock the insiders training. Private podcast community Click here to get to know us better, debrief episodes and access our top 100 resources. Follow us on Instagram Click here to see behind the scenes of our business and learn more about personal finance in bite-sized chunks. The NEW Money Mentorship Learn more about the Home Equity Accelerator here Turn insights into action with Terry's episode coach Join our podcast community Get live updates, talk shop with us and meet like minded legends in our digital treehouse. Click here to get access now. 🔗 https://www.facebook.com/groups/4609737389252111

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Ask us a question or suggest a topic 🤙 In part two of their Fiat vs Bitcoin comparison, Ryan and Terry use a clever Willy Wonka analogy to explain the mechanics of the Bitcoin network and monetary policy. Following the same structure and their previous episode, they explore how Bitcoin would propose to handle the three functions of a monetary system. And in the process, they uncover how Bitcoin could fix some of societies biggest problems. Also in this episode: Three simple thought experime...

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#43 Decoding crypto: comparing the Fiat system with the Bitcoin solution (part 2)

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How long is this episode of Money Minded?

This episode is 47 minutes long.

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This episode was published on February 9, 2022.

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