EPISODE · Jun 24, 2021 · 18 MIN
Episode 2: How crypto actually works, why Bitcoin is valuable (even if it’s just "made up!"), blockchains
from Easing into Crypto · host Michael Caloz
- Why money is useful at the foundational level, and the characteristics of a currency- Why the price of Bitcoin (and Dogecoin!) keeps going up- Explanation of ledgers and blockchains- How you would actually buy something in Bitcoin- Where all this might lead in the future-----The corresponding blog post with links and images:https://www.michaelcaloz.com/2021/05/04/cryptocurrency-part-2-how-crypto-actually-works-why-bitcoin-is-valuable-even-if-its-just-made-up-and-what-you-should-know-about-blockchains-the-tech-behind-them-and-how-they-could-influen/
What this episode covers
- Why money is useful at the foundational level, and the characteristics of a currency- Why the price of Bitcoin (and Dogecoin!) keeps going up- Explanation of ledgers and blockchains- How you would actually buy something in Bitcoin- Where all this might lead in the future-----The corresponding blog post with links and images:https://www.michaelcaloz.com/2021/05/04/cryptocurrency-part-2-how-crypto-actually-works-why-bitcoin-is-valuable-even-if-its-just-made-up-and-what-you-should-know-about-blockchains-the-tech-behind-them-and-how-they-could-influen/
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Episode 2: How crypto actually works, why Bitcoin is valuable (even if it’s just "made up!"), blockchains
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