#122: Bitcoin

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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 & 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 & bitcoin




Full interactive transcript, subtitles and key vocabulary
available on the website:
https://www.leonardoenglish.com/podcasts/bitcoin


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