Sounded ID: 9781982714857
ISBN: 9781982714857
Publication Date: July 20, 2018
Publisher: Author's Republic
Language: English
Author Name: David Neal
Narrator Name: KnowIt Express
Note: You MUST download the accompanying reference material PDF in order to go through the audiobook.
Are your still scratching your head...what is bitcoin? How does bitcoin work? In order to understand bitcoin, you have to understand the difference between currency and money.
Currency is a tangible form of money. In other words, money is intrinsic while currency is extrinsic. For example, paper can represent money; coins can represent money. In this case, currency equals those paper and coins as mediums of exchange. Currency has had an ever-evolving long history: from bartering with...
Note: You MUST download the accompanying reference material PDF in order to go through the audiobook.
Are your still scratching your head...what is bitcoin? How does bitcoin work? In order to understand bitcoin, you have to understand the difference between currency and money.
Currency is a tangible form of money. In other words, money is intrinsic while currency is extrinsic. For example, paper can represent money; coins can represent money. In this case, currency equals those paper and coins as mediums of exchange. Currency has had an ever-evolving long history: from bartering with commodities like grains and livestock, to trading with stones and coins, and to using paper dollar bill money as we know of today.
The problem with the dollar bill or paper money is that the government can easily print more of this paper that represents money, and has been doing so...thus causing inflation with your paper money to worth less than it actually is. Contrast to gold, the government can't create gold like they do with printed money. The value is based on scarcity. There is only a limited supply of gold out there, maintaining its value; while paper dollar bill can always be printed, decreasing its value.
Bitcoin can be viewed as the digital version of gold because there is only a limited amount of it out there, and it's protected from inflation; nobody can come in and make more of it. Plus, the convenience of bitcoin is you don't have to carry it and worry about where you place it or if it gets lost like if it were physical money in your wallet or purse, but you can use it without actually needing anything on you because it's 100% virtual.
Do you now see the beauty and power of bitcoin?
Throughout history, it's always the early adopters who have an advantage over others to make it big. The bitcoin is still a wide-open territory. Now it's the time for you to jump on the bandwagon to get a piece of the pie before it departs...leaving you behind.
# | Title | Duration |
---|---|---|
1. | Opening-Bitcoin |
0 mins 13 secs |
2. | 1-1TheFutureOfMoney |
1 mins 52 secs |
3. | 1-2BitcoinExplained |
2 mins 53 secs |
4. | 1-3Quiz-MakingBitcoinWorkForYou |
0 mins 32 secs |
5. | 1-4UnderstandingYourResults |
1 mins 11 secs |
6. | 2-1ObtainAWallet |
1 mins 44 secs |
7. | 2-2BuyBitcoinToUse |
1 mins 03 secs |
8. | 2-3TheValueOfBitcoin |
0 mins 47 secs |
9. | 3-1TheGoldAndBitcoinComparison |
0 mins 46 secs |
10. | 3-2BitcoinMining |
3 mins 42 secs |
11. | 3-3TheAssociatedRisksAndRewards |
3 mins 07 secs |
12. | 4-1PutTheCoinToUse |
0 mins 28 secs |
13. | 4-2OnlinePurchases |
1 mins 48 secs |
14. | 4-3In-PersonPurchases |
1 mins 04 secs |
15. | 4-4ForPaymentProcessing |
0 mins 31 secs |
16. | 4-5PayPalVSBitcoin |
0 mins 29 secs |
17. | 4-6CreditCardsVSBitcoin |
0 mins 37 secs |
18. | 4-7DigitalGiftCardsVSBitcoin |
0 mins 35 secs |
19. | 4-8OtherAcceptableProcessors |
0 mins 37 secs |
20. | 5-1NavigatingUnchartedWater |
2 mins 28 secs |
21. | 5-2ProtectingYourInvestments |
1 mins 55 secs |
22. | 6-1TakeTheNextStep |
0 mins 41 secs |
23. | 6-2ProceedWithCaution |
0 mins 34 secs |
24. | 6-3KnowBitcoins |
0 mins 49 secs |
25. | 6-4KnowMining |
0 mins 55 secs |
26. | 7ClosingBitcointoGetStartedwithBitcoin |
1 mins 20 secs |
27. | NowYouKnow |
1 mins 23 secs |
28. | Closing-Bitcoin |
0 mins 08 secs |
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