Tag Archives: fundamentals series

The How What & Why of Bitcoin Self Custody – Epi-28

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The entire point of bitcoin is that you can self custody your bitcoin.  In fact while many seem to think “be your own bank” means run your own node, it is really all about self custody.  Think about why we have banks in the first place.  Banking as we know it (international banking) goes back to the times of The Knights Templar. In this time people would make pilgrimages to the holy lands.  You may imagine at such a time only those with means could make such a journey.  The journey would be long, hard and expensive.  You’d also have … Continue reading →

The Very Basics of Bitcoin Self Custody

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This article will likely piss off many purists who believe only in what I will call the gold standard.  Others may be upset that I am only going to pay a passing mention to “multi sig”.  Sorry guys this article is not for people that fully understand what is in it.  It is not a mental masturbation piece so you can feel good about your decision to do things perfectly, etc. Rather the recent fall of FTX has many of my listeners finally saying, “okay I get it, get off the exchange, but how, do I need to (insert a … Continue reading →

Stacking Sats will Never Be this Easy Again – Epi-25

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Has the bottom hit for the current cycle?  The truth is that I don’t know.  Further the truth is math never lies and hence it doesn’t matter.  I actually called the bottom once the cycles top was established at 14,400 and I say yes, we have hit bottom.  Yet when I say, “never be this easy again” I am referring to the next 2 years leading up to the next halving.  There are so many ways to stack right now, let’s talk about some of them and why bear markets are for building. Join Me Today to Discuss… What is … Continue reading →

10 of your Bitcoin Questions Answered – Epi-7

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Recently I made a simple post on twitter, it was simply, “tell me what questions you would like me to answer or talk about in relation to Bitcoin”.  A metric ton of questions poured in.  So many there is no way I can do them in one episode.  So I will do about 10 of them today.  We will handle many of them on future episodes. This is what we will cover today… Does sub dividing Satoshis actually make bitcoin inflationary? What is bitcoin maximalism vs. “toxic maximalism” and what would I call myself? Some say bitcoin is an inflation … Continue reading →

The Basics of Understanding and Using Lightning – Epi-4

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Today we are going to talk about the Lightning Network which is a “Layer 2” solution for bitcoin transactions.  If that sounds complicated, don’t worry I will help you make sense of it all today.  There is a lot of Fud about Lightning, generally this comes from shitcoiners in general but mostly from Bitcoin Cash holdouts who chant nonsense such as, “Bitcoin Cash is the Real Bitcoin”. The reality is Lightning is exactly the type of solution bitcoin’s creator, Satoshi Nakamoto envisioned for bitcoin and its perceived shortcomings. Nakamoto wrote the following in 2010… “The nature of #Bitcoin is such … Continue reading →

The Basics of Buying, Holding & Sending Bitcoin – Epi-3

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This is going to be a very basic episode but one I have been asked to do many times.  I am going to talk about how to actually buy, hold, transfer and spend bitcoin using various services.  Today specifically we will talk about four platforms to buy bitcoin one.  Those will be CoinBase, Swan Bitcoin, Strike and CoinEx. I will also cover how to send bitcoin with two of those platforms, those will be Strike and CoinBase.  Further I will cover how to “spend bitcoin” without actually spending your bitcoin when you want to pay merchants that accept bitcoin. Additionally … Continue reading →

The Basics of How Bitcoin Works – Bitcoin Breakout – Epi-2

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In this episode we discuss how bitcoin actually works, why it works and why it is the hardest money ever created.  We discuss the genesis of bitcoin and its developer, Satoshi.  We discuss common myths from shit coines as to “What Satoshi wanted” and how it is a flawed appeal to authority fallacy. I explain why the claim that mining is “solving complex math problems” is absolutely not what mining is.  How bitcoin is really backed by “security” and why if you don’t have bitcoin in your portfolio right now you are really missing out on an opportunity that will … Continue reading →

Understanding Money – Bitcoin Breakout – Epi-1

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In the first official episode of The Bitcoin Breakout we discuss…. What is money How does money obey the laws of energy How all money is nothing but an agreement and a ledger No Entry Accounting – cash, gold, etc. Single Entry Accounting – link Double Entry Accounting – link Triple Entry Accounting – link How all Money is useless unless it has something to “account for” How that applies to cryptocurrency but in some ways it has the highest “intrinsic value” of all Monetary Creation, Manipulation and Movement How is US money created Why does our current crazy monetary … Continue reading →