#122: Bitcoin
It's the most famous cryptocurrency in the world, and went up in value by 269% in 2020.In this episode, we take a look at what it actually is, how it works, why some people think it is the future of money and others think it is a giant bubble. How 'traditional' money works Banks and storing money 1971 and leaving the gold standard Inflation Satoshi Nakamoto a the Bitcoin whitepaper Principles of bitcoin How bitcoin payments work How the blockchain works Bitcoin and inflation Why the bitcoin price goes up and down Buying things with bitcoin The first pizzas bought with bitcoin Why people don't like bitcoin The US Federal Reserve a bitcoin Full transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/bitcoin
