Basics_04: How Bitcoin Works (A Distributed Ledger)

Bitcoin Basics Series Episode 4. In this chat Daz, Seb, Dan & Josh dive into the mechanics of HOW the Bitcoin protocol & network function. They unpack what problems Bitcoin solves and the manner in which it solves them. This is part 4 of a multipart series. Full Bitcoin Basics Series here BCB Pod disclaimer here Watch video of this chat on YouTube here WE COVER: What problems did Bitcoin solve & how does it solve them? Distributed ledgers & decentralization Security through math, cryptography & game theory Tokens vs ledgers Single socks WANT MORE? HERE ARE FURTHER RESOURCES REGARDING THIS TOPIC: Daz’s pick — The Blocksize Wars by Jonathan Bier Seb’s pick — “A Primer on Bitcoin Mining” from NYDIG Josh’s pick — “Bitcoin Is Time” by Gigi Dan’s pick — Inventing Bitcoin by Yan Pritzker ITEMS MENTIONED: The Bitcoin Whitepaper SHOW SPONSORS: May 18-20, 2023. We’ll be there! Join us for the world’s largest gathering of bitcoiners as we celebrate another year of progress towards hyperbitcoinization. Visit b.tc/conference Industry leaders in Bitcoin security hardware and fun devices, makers of the COLDCARD and other prominent items including opendime, satscard, tapsigner, the seedplate, coldpower, blockclock mini & blockclock micro. All available at coinkite.com START9 — Sovereign computing. Take back control of your data. Run a Bitcoin & Lightning node. Embassy One: A small uncompromising personal server, capable of running BTC Core. Embassy Pro: The most powerful, secure, and reliable private server in the world. Visit Start9.com SWAN — The place we choose to buy Bitcoin. Dollar cost average daily, weekly or monthly with a company that’s Bitcoin only and encourages you to hold your own private keys. Visit Swan.com. For a limited time Swan is offering FREE Swan Premium for 1 year at Swan.com/fire. Harness the Power of Bitcoin + Health Care. Join other Bitcoiners on a crowdfunding platform while accumulating Bitcoin in the process. Bitcoin specific crowd joincrowdhealth.com/bitcoin SUPPORT THE BCB PODCAST: Podcast 2.0 streaming on our favorite pod app, Fountain: You can earn & stream sats on Lightning Network while listening to pods! Also share and listen to standout clips with the Fountain community. SOCIAL MEDIA Twitter: you can follow us @blue_collarbtc, follow Seb @sebbunney follow Daz @dazbea1 Blue Collar Bitcoin on NOSTR: npub1a3hrd4wfawr578d5y5l0qgmh7lx8q6tumfq0h7eymmttt52veexqkcfg37 Video on YouTube. Subscribe Here EMAIL: Send questions or comments to [email protected]