bitcoin for mom

welcome to bitcoin for mom! she finally reads the whitepaper. in this episode we go through this historic paper, and break down some of the most important concepts, step by step. this is the document that started the bitcoin revolution. 

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it. please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 - 6:00 intro

6:00 - 15:00 abstract and introduction

15:00 - 18:30 section 2 - transactions

18:30 - 24:15 section 3 - timestamp server

24:15 - 36:00 section 4 - proof of work

36:00 - 38:00 section 5 - the network

38:00 - 45:00 section 6 - incentives

45:00 - 50:05 sections 7-10 - spv and privacy

50:05 - 52:00 section 11 - conclusion

52:00 - 54:40 final thoughts

welcome to bitcoin for mom! in this episode we talk about the bitcoin 2021 conference. what was it like? what were the biggest topics/moments of the week?

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 - 1:52 intro

1:15 - 4:00 miami as a venue

4:00 - 8:00 conference set up

8:00 - 11:45 ross ulbricht

11:45 - 19:50 favorite moments

19:50 - 21:00 el salvador announces bitcoin as legal tender

21:00 - 29:45 ransomware attacks

29:45 - 32:50 meeting bitcoiners

32:50 - end toxic maximalism and closing 

welcome to bitcoin for mom! in this episode we talk about what mining is and how it works. the episode is a little technical but try and hang in there with us. here are the resources referenced.

https://xorbin.com/tools/sha256-hash-calculator

https://mempool.space/

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00-1:30 intro

1:30-9:30 what is mining?

9:30-11:55 what is a block?

11:55-22:00 what is a hash?

22:00-27:15 what is in a block? (we get distracted)

27:15-36:30 what is in a block? (actually)

36:30-50:30 listener questions

50:30-56:15 mining pools and closing 

welcome to bitcoin for mom! in this episode we talk about inflation. its a really difficult topic so this episode is a little messy. below are the links to the bitcoin happy hour i appeared on and my published letter.

https://bitcoinmagazine.com/culture/an-open-letter-to-new-bitcoiners

https://www.youtube.com/watch?v=MmqblSIIfZU&list=PLe0djdakvnFZRWfM_Qvi_JW1TGcoeYZh6&index=12

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00-3:25 intro and news

3:25-6:25 what is inflation?

6:25-8:50 fighting deflation

8:50-10:50 why should things get more expensive?

10:50-14:15 asset inflation & stimulus

14:15-17:20 statistics on money supply, fed balance sheet, & commodity prices

17:20-23:30 problems with inflation as a target & growth at all costs

23:30-25:05 fighting deflation (again)

25:05-25:55 important things getting more expensive

25:55-30:15 incentives, bail outs, & moral hazard

30:15-37:35 risk, debt, and closing

welcome to bitcoin for mom! in this episode we switch it up. i interview mom about her progress with using and understanding bitcoin.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 intro

1:20 announcements

2:08 our progress to date

7:00 how steep is bitcoin's learning curve?

9:00 what was it like sending your first transaction?

11:35 can people figure it out?

16:12 what's missing in the message?

22:20 what still makes you nervous about bitcoin?

27:19 what subjects do we want to dig further in to?

31:38 what is an uncle jim?

33:11 updated price predictions

welcome to bitcoin for mom! in this episode we are joined by my friend matt to talk about self custody. what is a wallet? what are the options? what are the risks? 

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:30 intro

2:50 deciding when/how to take self custody

6:30 where bitcoin can be stored

11:45 risks of keeping coins on exchanges

18:00 different types of wallets

39:00 how fees work

43:39 final points

welcome to bitcoin for mom! in this episode we talk about money. we all use it, we all work for it, we all spend it. however, we never think about it. 

mom and i explore the question - what is money?

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:30 intro

1:50 money as a payment medium

4:30 moms definition of money

6:00 other definitions of money

11:00 functions of money

13:30 properties of money

18:00 dollar vs gold vs bitcoin

28:00 closing thoughts

welcome to bitcoin for mom! in this episode we are joined by mom's stock club. they asked great questions, and even had some input of their own. 

sorry for the technical difficulties, i've never managed such a large zoom room.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

1:40 why bitcoin

3:60 what is bitcoin

6:55 how to keep bitcoins safe

14:40 bitcoin for payments

19:25 selling bitcoin for dollars

20:25 other cryptocurrencies

25:10 price volatility

28:55 the role of bitcoin mining

44:40 dollar cost averaging

50:10 censorship resistance, and when spending bitcoin makes sense

58:40 bad guys using bitcoin

1:01:40 wrap up and final banter

welcome to bitcoin for mom! in this episode we talk about what makes 2020 different than 2017.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 intro

2:00 network effects

3:39 bitcoin price and market cap

11:00 multiple touch points

15:30 improved bitcoin education

17:00 institutional interest

26:00 bitcoin vs bitcoin cash

35:00 coronavirus 

welcome to bitcoin for mom! in this episode we talk about the free market and its benefits. 

we also discuss how a free market money, bitcoin, is necessary for a truly free market to function.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

welcome to bitcoin for mom! in this episode we talk about why bitcoin is unique and why the individual pieces that make up bitcoin don't have much value on their own. 

we also discuss some of the alternatives to bitcoin, and why they fall short.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 - 4:30 intro

4:30 - 7:50 "there's bitcoin, and there's shitcoin"

7:50 - 11:50 blockchain technology

11:50 - 21:25 popular narratives

21:25 - 32:30 alternatives to bitcoin

32:30 - 46:55 how misconceptions arise

welcome to bitcoin for mom! in this episode we talk about a very controversial topic - bitcoin energy use! 

yes, bitcoin does use a lot of energy but a nuanced discussion is necessary to evaluate the pros and cons.

hope you enjoy! please share with anyone who is interested in bitcoin, but is maybe intimidated to start learning about it, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 intro

1:04 mining uses energy

3:30 different energy sources for mining

8:15 a defense of fossil fuels

13:30 how bitcoin helps with global energy use

welcome to bitcoin for mom! in this episode we take a little break and recap the topics we've covered so far. mom asks questions from the audience and asks some of her own.

hope you enjoy! please share with anyone who is interested in bitcoin, but is intimidated to learn about it. also, please remember to rate and review, as well as follow us @mombitcoin on twitter.

welcome to bitcoin for mom! in this episode we talk about the technology behind bitcoin. i know, its a scary topic, but we do our best to explain in an understandable way.

hope you enjoy! please share with anyone who is interested in bitcoin, but is intimidated to learn about it. also, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 intro

4:00 a failed transaction attempt

6:26 what is a wallet?

13:07 what does a wallet do?

17:40 UTXOs - how balances are tracked

23:38 protecting seed phrases

34:02 sending a transaction

37:09 introduction to mining

welcome to bitcoin for mom! in this episode we talk about some of the challenges with buying bitcoin, and help you out with ways to do so.

hope you enjoy! please share with anyone who is interested in bitcoin, but is intimidated to learn about it. also, please remember to rate and review, as well as follow us @mombitcoin on twitter.

0:00 intro

3:50 why we use a financial advisor

5:20 sticking to the plan

10:30 dollar cost averaging

17:30 tax implications

21:00 know your customer/anti money laundering laws

24:50 where to buy bitcoin

33:30 river financial

welcome to bitcoin for mom! in this episode, we take a little break and have some fun considering how high bitcoin's price can go.

hope you enjoy! please share with anyone who is interested in bitcoin, but is intimidated to learn about it. also, please remember to rate and review, as well as follow us @mombitcoin on twitter.

if you have any questions, feel free to email bitcoin4mom@tutanota.com. we'll be happy to answer them.

welcome to bitcoin for mom! in this episode, we talk about bitcoin as a new form of property.

hope you enjoy! if you have any questions, feel free to email bitcoin4mom@tutanota.com. were happy to answer them.

also, please remember to rate and review, as well as follow us @mombitcoin on twitter.

1:30 intro

7:45 ownership

9:00 possession 

12:00 savings and uncertainty

14:52 a new form of property rights

welcome to bitcoin for mom! in this episode, we ease our way into bitcoin and discuss it at a surface level.

hope you enjoy! if you have any questions, feel free to email bitcoin4mom@tutanota.com. were happy to answer them.

also, please remember to rate and review, as well as follow us @mombitcoin on twitter. 

:55 moms history with investments

4:00 introduction of bitcoin

5:00 moms existing knowledge of bitcoin

8:17 topics mom wants to cover

10:38 structure/goals of the podcast

13:45 mom almost loses her bitcoin!

14:20 what is bitcoin?

18:20 how to use bitcoin

19:45 what makes bitcoin different?

31:00 quotes