Hello Everyone, and welcome to MBIT, I am your host Shamus Madan, and today we will be discussing what cryptocurrencies are, how they work, and how they could impact the future of currency.
When one hears the word cryptocurrency, the first thought of many is Bitcoin. And in today’s episode, we will be mainly discussing Bitcoin as not all cryptocurrencies work the same way.
Sources:
Frankenfield, Jake. “Bitcoin Exchange Definition.” Investopedia, Investopedia, 4 Mar. 2021, www.investopedia.com/terms/b/bitcoin-exchange.asp
“Bitcoin USD (BTC-USD) Stock Price, News, Quote and History.”: https://finance.yahoo.com/quote/BTC-USD/
“3 Reasons Why Bitcoin Has Doubled in Less than a Month - and Why Experts Think It Won: https://markets.businessinsider.com/currencies/news/bitcoin-price-btc-performance-explanation-cryptocurrency-market-crash-token-investing-2021-1-1029945005
(0:00) Introduction and overview of the episode (0:23) Background and basics of cryptocurrencies (1:35) Deep dive into Bitcoin: White paper, Mining, and Blockchain (3:54) Analysis of Bitcoin's recent market trends (4:34) Cryptocurrency comparison: Bitcoin vs. Dot com bubble vs. Dogecoin (5:13) Risks and limitations of cryptocurrencies (5:47) Conclusion and outro (6:05) End of episode