Talk Bitcoin to Me: Recent Episodes
talkbitcointome
"You keep saying that word. I do not think it means what you think it means."
- Inigo Montoya, on "crypto"
We’ve always been all about Bitcoin. But why? What about the other coins, like Ethereum? Why do we have a favorite child? And WHY is it basically a GameBoy?
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2:18 - Why Bitcoin, and nothing else?
12:14 - What problem does crypto solve?
15:05 - What’s the attitude in the Bitcoin community regarding “shitcoins?” (+ explanation of Network Effect and internet-operability… aka if Cash App and Venmo played nice)
19:44 - Why don’t you concern yourself with other coins, Matt? Bitcoin rising to the top… has this always happened, in markets?
28:13 - The definition of “CRYPTO.” What are people talking about when they use that word?
32:20 - $100: Las Vegas casino or crypto casino?
34:33 - Addressing rumors in the space: a recent hack and the ripples it causes
42:17 - Price conjecture: what the charts say
Resources:
- PolyNetwork Hacking Saga Gets Juicier (our headline for this article)
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We're BAAAACCCKK... and PREACHY! This frolicking episode has us examining a lot of new news, weird news, and also making errors left and right. We're still learnin', people! And sorry for weird audio... it's definitely a summer break episode right here.
Times:
2:59 - Episode starts in earnest! We're BACK and talking about recent news, including the new provisions being added to the proposed US Infrastructure Bill.
7:49 - Relating to California's new pig farmers
11:35 - Discussing world reserve currency, globalization, and the differing lenses of nation states (Nigeria, El Salvador, US)
19:13 - Does money NEED to be controlled?
24:18 - Thoughts on privacy rights and the role of government in privacy
29:18 - Possible paradigm shifts in societal thinking on what money is
31:58 - The powerful nature of bitcoin
36:52 - Kailey touches on some interesting education metrics insights and tying it back to globalization and bitcoin
39:26 - Discussing the different belief (or lack of belief) systems of retail investors buying cryptocurrencies
42:12 - Matt giving his two cents on the current bitcoin market (not financial advice, obvi)
45:30 - Bitcoin getting greener?
47:25 - Defunding NASA?
Resources:
- How much infrastructure is in Biden's infrastructure plan?
- New California Pig Rules
- Elizabeth Warren's current (bad) takes on Bitcoin
- Oil-backed world reserve currency
- Nigerian government learning a hard lesson about Bitcoin
- How the US Dollar became the world reserve currency
- How much carbon is emitted by Bezos flying a rocket into space?
- Police reform, defunding, and abolition explained
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Buckle up, Bitcoiners, because we are heading into a post-China mining SLUMP, but if your "time preference" is high, sit it back and wait it out: the principals that made Bitcoin so strong are still the same.
In the meantime, we aimed for a 10-min refresher on Bitty (more like... 15 mins) for you to send to friends and review what you know. As always, HODLon and let us know what you think!
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2:15 - What we tackle in this episode: Matt refereeing Kailey explaining Bitty
3:30 - What is Bitcoin?
6:10 - Matt tries to ask leading questions that KAILEY WAS GONNA GET TO
7:55 - What about governments banning Bitcoin?
9:30 - Why is Bitcoin's price so volatile?
13:40 - ELI5 how Bitcoin WORKS
15:15 - Final Question: Why should people CARE about Bitcoin?!
- (resources forthcoming, when Matt has a second...)
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El Salvador, wtf is "legal tender" anyway, volcanoes!, the Lightning Network, "legal counterfeiting..."
Take an itty bitty vitamin with us today as we chat about the above topics. And for the record, Kailey HATES Capri Suns.
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2:35 - News talk: El Salvador's adoption of Bitcoin as legal tender
10:00 - More crazy news talk: Volcano mining, WHAT!?
18:40 - Matt is SUPER excited about the Lightning Network
30:35 - Thoughts on privilege, the class system we live in, appreciating assets, and purchasing power
- What is Legal tender?
- Volcano Mining
- The Lightning Network (Wikipedia)
- Learn more about marketplaces being built on the Lightning Network
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Sometimes we just decide we should record an episode, just for the hell of it. And by sometimes, we mean THIS time. In this episode, we sit down to discuss all the juice; Bitcoin Pizza Day, bitcoin's recent price drop (BTFD?), Elon Musk aka the ultimate troll, and so much more. Tune in, and let us know what you think!
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1:00 - History of Bitcoin Pizza Day/Week
4:45 - Etiquette Lesson with Portia and Rob
6:00 - Trying to understand the nuance of markets and why it matters
15:46 - The state of the markets in our super duper technical analysis
20:15 - Wait, Bitcoin has price volatility??
30:16 - Our take on current state of the markets and inflation
41:09 - Elon Musk shenanigans
- Why Tesla Turns a Profit But Not Because of Car Sales
- Podcast Episode: What Bitcoin Did - Is the Bitcoin Bull Market Over? with WILLY WOOOOOOOOOO
- Michael Burry (Christian Bale's character from The Big Short) is betting AGAINST Tesla....
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FUD, HODL, DCA, NFT, PoS, PoW?! Let us help you understand the hashtags.
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Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome.
1:19 - DCA: Dollar Cost Averaging
3:43 - HODL: "Hold." Just hold.
6:12 - FUD (noun, verb): Fear, Uncertainty, and Doubt + CBDC: Central Bank Digital Currency
9:12 - SATS: Satoshis, the "cent" version of a Bitcoin {not an acronym, just a lil name}
9:58 - NFT: Non-Fungible Token
12:32 - FOMO + BTFD: Fear of Missing Out + Buy the Fing Dip
*14:09 - PoW vs PoS: Proof of Work (Bitcoin) vs Proof of Stake (Ethereum)
Resources:
- What would happen if you Dollar Cost Averaged Bitcoin? dcabtc.com
- The original HODL post. An absolute icon.
- Dan Held on Twitter: @danheld (Dan HEDL)
- Nic Carter's FUD dice - an article that combats allllll the FUD
- Investopedia: The difference between Proof of Work and Proof of Stake
Sponsors:
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Price drops, taxes, conspiracy theories, oh my! 🦁🐯🐻
They say keeping up with the Bitcoin space is like living a span of 10 years in just 1.
WE ARE WISE, GATHER 'ROUND.
Whether you’ve just started following the headlines around Bitcoin or you’re a seasoned veteran, this episode’s got the juice. We also address some Bitcoin wallet questions in the wildly popular segment, the Dumbest Question of the Week.
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1:03 - Episode Summary (or so we think it is)
1:37 - Our thoughts on the current price consolidation
9:40 - Recap of current use cases
11:05 - Logarithmic Charts and exponential growth
18:59 - The completely non-verified-but-juicy China conspiracy theory
(21:20 - Review of bitcoin mining)
24:28 - Back to China theory
32:06 - Dumbest question of the week: Why not buy on Robin Hood?
41:3 - Ol' Joey Biden's U.S. capital gains taxes
Resources:
- WHOA, WE FOUND THIS! Flooded Mine in China
- Please listen to our energy episode and read this before you get onto us about Bitty's enviro footprint
- This doesn't mean our theory is wrong! Just how DEEP the conspiracy OBVIOUSLY goes 😏
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- Bitcoin Logarithmic (🌈RAINBOW🌈) Chart + Planetary Scale
- Avril Lavrigne Conspiracy Theory
- Mattress Firm Conspiracy Theory
- BISQ ("bisque"), a decentralized Bitcoin exchange
Sponsors:
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It's been a minute, and Bitty be doing crazy things. When we recorded this on Monday, Bitty hadn't been holding so firm at $63k... we're just trying to keep up!
In this episode, we hit up:
- what price means in a free market (especially in the past year)
- what major players are hopping in the Bitty Hot Tub
- what an "ETF" is
AND WE MAKE SURE YOU UNDERSTAND US.
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00:37 - Price, Sentiment, "Free Market" with PENCILS and APPLES
09:30 - Understanding comparative valuations (when both fluctuate)
13:15 - How is money valued? We kind of understand...
15:57 - Why number go up? Let's speculate!
19:39 - Who are the major players (for those who care about that kind of stuff)
20:32 - What is Grayscale/Grayscale Bitcoin Trust (GBTC)? WTF is an ETF?
25:44 - Market analytics and current sentiment
29:45 - Is Bitcoin a threat to government?
32:30 - What is a CBDC (Central Bank Digital Currency)?
34:30 - Where does Bitcoin go next?
38:03 - Song Parody
39:22 - Closing question about markets
Resources:
- Cover Orchestra, by Jeff Rosick
- Get a ticket to my show! - The Last Five Years at Broadway Rose
- Willy Woo's newsletter
- What's an ETF?
- the "sly, roundabout way" - Hayek (aka, that quote Matt read)
Sponsors:
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Alright y'all! You thought about it, you might've asked us about it, you most likely read about it, and now it's time for us to chime in on it: BITCOIN'S ENERGY CONSUMPTION! Whether you're not quite sure what to think of it, you're sure that bitcoin is going to boil the oceans, or you're just kind meh about it, this episode is definitely going to get those wheels turning.
After we take a brief, but mind-bending, detour on discussing taxes (in the US, but maybe applies elsewhere), we dive into discussing our thoughts on bitcoin mining's energy usage. What is it, why does it matter, and is it worth it?? Listen in and make your own decision. We also have a few Dumb Questions to tend to at the end, so make sure to check them out, and take a peek at the resource links in the show notes if you have the time... it's good stuff.
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00:40 - Thoughts on taxes
07:07 - Recap of what bitcoin mining is and how it works (see Ep 4.0 for more details)
10:40 - What is energy and energy usage?
14:30 - Measuring bitcoin's energy usage and the economics of mining
17:21 - Electricity and sourcing energy
20:35 - Zooming out on energy consumption
23:32 - Is it worth it? We get heady with it here.
31:00 - Thoughts on news headlines
35:55 - So wait, why mining again?
38:42 - TL;DR
39:48 - Dumb Questions of the Week
Resources:
- PoW is Efficient by Dan Held
- This piece, this piece, and this other piece by Nic Carter cofounder of CoinMetrics.io
- Tweet thread by cryptoanalyst Yassine Elmandjra
- Bulls and Bears
- Hawkish and Dovish
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What are NFTs?
NFTs (non-fungible tokens) are BASICALLY deeds/certificates of ownership for digital ART(IFACTS).****
You can be the owner of a one-of-a-kind piece of art like a .jpg, .png, .gif, movie file (think of owning the unpublished footage of a NBA 3-pointer), music file, blog... It’s original art auctioning, but make it digital.
This is a huge moment for artists everywhere, even if the million-dollar CRAZE is temporary. Now, you don’t have to be a sculptor or oil painter to be given a voice at the “fine art price tag” table!
AND!!? This kind of technology isn’t going anywhere! Have a listen to our episode, where we break it down. Even if you know what NFTs are, we imagine the future use-cases in an increasingly digital world.
Kings of Leon, Jesus-shaped Cheetos, Smart Contracts, thwarting concert tix scalpers, “Crypto Kitties” vs Tamogatchis, the underground trading world of Rare Kool-Aid packets…they all have a place in this podcast.
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01:33 - Privilege
06:45 - Sponsor Shout Out!
08:03 - Diving in to NFTs: Definition, What is Ethereum and how does it facilitate a "smart contract," what is "decentralized finance" (DeFi)
12:00 - BUT WHAT IS A SMART CONTRACT
14:35 - Pause and ReviewSKIPTOHERE if you want to miss nerdy stuff.
*16:50 - Okay: "An NFT is a deed of ownership to digital art."
22:40 - The Future of NFTs (or, get these artists PAID)
29:08 - cool announcement ;)
Resources:
- Article - NFTs, Explained
- Podcast - Waveform: NFTs Explained with Justin Maller
- Podcast - Sixteen Minutes: When Christie's Meets Crypto—The NFT Moment
- Awesome Deep Dive Article! - NFTs Explain It Like I'm Five
- Cheetos on Ebay
- Rare Kool-Aid Flavors
- Crypto Kitties - "Collect and Breed Furrever Friends!" (Terrifying.)
Sponsors:
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Our longest ep yet explores the tech behind this thing called Bitcoin. *Because whether you support it or hate it, you should probably understand it, right?
Blockchain. Mining. Forking. Nodes. What. The. F.**
We break it down with plenty of Wall-E metaphors and even a sing-song recap. Feel free to pause and re-wind, as this episode is more First Grade than Kindergarten. But you're ready.
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06:10 - What is the "Blockchain?"
14:58 - What is "Mining?"
24:44 - Keeping the Network "honest"
27:22 - Is "forking" as sexy as it sounds?
30:40 - The "Network Effect" (aka "netflix" over "shetflix")
32:50 - The "Proof of Work" and "Mining Economics"
41:10 - Running a "Node"
44:15 - LET KAILEY REVIEW IN A SENSICAL, MUSICAL WAY
47:15 - The future of Bitcoin security + #ELI5 quantum computers
Resources:
- Video - How Bitcoin Works (in 5 minutes, technical)
- Video - How Bitcoin Works (in 27 minutes, more technical)
- Jameson Lopp's Bitcoin Full Node Information and Technical Resources
- Jameson Lopp's Bitcoin Mining Resources
- Intro to types of Bitcoin Forks (including types not covered in this episode)
- Bitcoin's monetary policy of controlled supply
- Clark Moody's Bitcoin Dashboard - for those that want to see all the network happenings in realtime.
Sponsors:
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BITCOIN NATION! We passed the 1 trillion market cap. It’s ok if you don’t know what that is—just know, it’s a big deal. So, let’s review what we know about the bitty and tackle some grab-bag questions that you’ve been sending us!
"I don't want to over-represent Bitcoin as some kind of savior, but I do think it's been over-villainized... it's like Deadpool."
The Bachelor, Charlie's Angels, Doctor Manhattan. They all have a place in this podcast.
Follow us on twitter @talkbittytome & email us at talkbittytome@gmail.com. Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome.
0:36 Let’s review what we know about Bitcoin so far
9:58 Q1: What’s the word for government money? A vocabulary lesson of “fiat”
13:10 Q2: Wtf is a bank run? + fun facts about “reserve requirements”
19:33 Q3: Do I have to pay taxes on Bitcoin?
21:34 Q4: Can I own Bitcoin jointly? This answer goes into WALLETS, which are an important component in the crypto system. Listen up.
24:47 Q5: Isn’t Bitcoin—an internet-based currency—therefore inaccessible to the disenfranchised among us, like those without internet?
29:53 Q6: Where do I buy Bitcoin? Where should I store my Bitcoin?
Resources:
- Bank reserve requirements drop to 0%: https://www.investopedia.com/terms/r/reserveratio.asp
- If you want to buy Bitcoin NOT on CashApp, but you’re still a bit of a newbie: swanbitcoin.com
- Wallets we mention: Green Wallet & Blue Wallet
- Our favorite podcast: What Bitcoin Did with our king, Peter McCormack
Sponsors:
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We feel you. Trying to understand Bitcoin is like trying to understand The Emerald City if you’ve never left Kansas. Come with us, Dorothy. We walk through some easy definitions, break down the title of the Whitepaper, and compare BTC to gold/dollars in terms of properties of money. The Matrix, Tragic Kingdom, the Flaming Lips, and some of our BTC heroes... they all have a place in this podcast.
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1:20 - Overview of Episode: decentralization, what we won't cover
6:10 - Who wrote Bitcoin?
8:36 - WHAT. IS. BITCOIN? Definitions from peeps in the space.
21:00 - Guests and Sponsors
24:21 - The Bitcoin Whitepaper (just the title): "double spending," "distributed ledger," and other scary terms
34:47 - Bitcoin versus the properties of money
40:55 - Looking ahead to next topics
42:36 - The Dumbest Question of the Week: S&P500
46:28 - Musical Guest
Resources:
- The podcast episode we'd point you towards: What Is Bitcoin?: What Bitcoin Did Podcast with our hero, Peter McCormack
- The Bullish Case for Bitcoin by Vijay Boyapati
- The Number Zero and Bitcoin by Robert Breedlove
- Introduction to Bitcoin (Video) by Andreas Antonopoulos
Sponsors:
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We all want it, but do we "get" it? You can't understand Bitcoin (or... anything) without understanding what money is, its properties, its history, its flaws, and how it can improve. Uncut Gems, Beanie Babies, #PortlandPlayhouse, and Jessie J... they all have a place in this podcast.
Follow us on twitter @talkbittytome & email us at talkbittytome@gmail.com. Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome.
0:36 - Follow up on Robinhood Situation
3:07 - What is Money? Bartering, Scarcity, Gold, Phases of Being Money: Collectible --> Store of Value --> Medium of Exchange --> Unit of Account
15:05 - So What Happened With Gold?! 1933, Bretton-Woods, 1971
29:56 - Let's Review and Grade: Paper Money, on a Scale of 1-10
36:06 - Musical Guest
**Correction: The natives who trade with Rai Stones are "Yapese." Read further below.
Resources:
- Rai stones
- Trade beads
- Executive Action 6102
- WTF happened in 1971?
- 23.6% of All Dollars Created in 2020
- Podcast: What Bitcoin Did? What Is Money with Parker Lewis
In this slightly off-topic episode, we discuss the recent headlines regarding Wall Street shorts, r/wallstreetbets, and the Gamestop ($GME) fiasco. While we don't cover much related to Bitcoin in this one, we thought listeners might be interested to learn the basics of what the hell is going on. What a time to be alive...
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0:36 - The Headlines: Gamestop, Shorts, and Reddit
1:50 - What is "shorting" the market?
6:30 - What is Gamestop? (+ hedge funds)
10:35 - What does Reddit have to do with it?
13:30 - What's a short squeeze?
16:15 - The Fallout: Robinhood, David vs Goliath (vs... Other Goliath?)
22:10 - What this means for the future (and the Davids)
Resources:
- This Vox article
- This CNBC article
- Numerous TikTok Videos, go watch and get the jokes
A podcast for peeps to learn about Bitcoin without feeling stupid! Episode 0: who we are, why we're doing this, our pitch for Bitcoin, and what you can expect in future episodes. Follow us on twitter @talkbittytome or email us at talkbittytome@gmail.com. Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome.
0:36 - Who are these people? Meet Matt, Kailey, and Bitty
6:06 - Finally, a beginner's resource
9:53 - Who should be listening? (You)
11:15 - Our Bitcoin elevator pitches
16:57 - Why now?
20:00 - Bitcoin vs "crypto", "stock", and the future
25:40 - What to expect in future episodes
27:15 - The Dumbest Question of the Week