In this episode I explain why I tell people Bitcoin doesn't actually exist. I compare the Bitcoin ledger with the banks ledger and explain why it is so much more secure and resilient than that of a bank. I touch on cryptographic keys and how they relate to wallets and the Bitcoin blockchain. Most of this episode is spent discussing the Bitcoin Blockchain (ledger).
I try to keep the conversation really basic but I must admit it's a struggle because the truth is, the workings of Bitcoin get a little technical under bonnet.
Nevertheless I do my best to explain for beginners.
I'm always happy to receive any feedback / comments or just a hello to mail@AboutBitcoinPodcast.com.
I hope you enjoy the episode, thank you for listening!