2024.03.09 - Bitcoin Info & Opportunity

Guests:

• Dan Herbert, Co-Founded a Crypto social group to learn & invest in crypto
• Natalie Abbas, Member of the Crypto Currency Club, Formerly with Commodities Futures Trading Commission 

Discussion covered general history, characteristics and information about Bitcoin.

• 6 Characteristics of Money Like the Dollar
  • Access
  • Divisibility
  • Durability
  • Portability
  • Limited Supply
  • Uniformity
• Digital Assets –
  • Meets & Exceeds the Dollar in the above characteristics.
  • Crypto is Decentralized – on its own network and is not controlled by banks or government
• Bitcoin – Non-Tangible
  • 21M bitcoin TOTAL and all that will be on the network
  • Last BitCoin will be mined by 2040
  • By 2030 – 99% will be in circulation
• Mining –
  • The process time of energy, effort to validate BC network transactions.
  • Every 10 minutes a ledge of transactions gets approved
• What are the concerns about BitCoin:
  • Tangible vs. Intangible
  • Hackability
• What other forms of digital assets are there?
  • BitCoin – 50% of the existing digital assets in the $2.7T market
  • Ethereum – Utility Level 1 Digital Network, Decentralized financial exchanges and apps can operate on
  • Gold Worldwide reserves- $14T
• How do you purchase BitCoins? 
• • Coinbase Exchange
  • Digital Exchange
  • Kraken Exchange
  • Binance Exchange

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