The Ultimate Bitcoin 101 with Vijay Boyapati - WBD300
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 17 January 2021
⏱️ 74 minutes
🧾️ Download transcript
Summary
Location: Remotely Date: Thursday 14th January Company: Independent Role: Software Engineer and Author
As we are in another Bitcoin bull market, many new people will be considering investing, but understanding what Bitcoin is and why it is important isn't straightforward.
Bitcoin is multifaceted, and the use cases can vary dramatically depending on where you live in the world and your circumstances.
There is no standard narrative or way of explaining Bitcoin; for example, it is a medium of exchange, a way to bypass government and as an inflation hedge. Others are investing in Bitcoin to speculate against the net benefit of all use cases.
To help answer some of the most common questions and lay to bed some of the common misconceptions, I talk to software engineer and author, Vijay Boyapati for the ultimate Bitcoin 101.
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Transcript
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| 0:00.0 | Go and buy some Bitcoin even if it's a small amount. You don't have to have a huge amount in your portfolio, but you shouldn't have zero. Zero doesn't make any sense. |
| 0:10.0 | This is one of the most exciting innovations to money in a thousand years. |
| 0:15.0 | Hello there from Bedford, the Bitcoin Mecca of the world. |
| 0:19.0 | How are you all? |
| 0:20.0 | Welcome to episode 300 of the What Bitcoin did podcast, which is brought to you by The mighty |
| 0:24.4 | Cracken, the best place to buy, sell and trade Bitcoin. |
| 0:27.8 | Another milestone, amazing thank you to everyone who has supported this show over the last three crazy years. |
| 0:34.4 | I'm your host Peter McCormack and today to mark this milestone show, |
| 0:38.6 | as we are in the early stages of a ball market, |
| 0:41.6 | I decided to make the show that you can send to all your |
| 0:43.9 | friends who may have an interest in learning about Bitcoin. To make this |
| 0:48.0 | ultimate Bitcoin 101 I am joined by my good friend V.J. Boyapati, the author of The Bullish Case for Bitcoin. But before we get into this, I do have a message from my amazing show sponsors who I could not make this show without. So first up today, we have BlockFi The Future of Bitcoin and Financial Services and |
| 1:05.2 | they had a massive announcement pre Christmas. Blockfire is launching a |
| 1:09.6 | Bitcoin Visa rewards credit card early this year, something I've been massively excited about because you are going to be able to stack |
| 1:17.1 | Sats with all your card purchases. Card users will be able to earn a market leading 1.5% rewards rate in Bitcoin on all card purchases. |
| 1:26.8 | The wait list registration now is open for BlockFi clients and if you want to join the priority |
| 1:31.8 | waiting list then you just need to open up a BlockFi account and they also have a public waitlist opening very very soon. |
| 1:40.0 | If you're interested in checking BlockFi out, I recommend you do your own research and then head |
| 1:44.6 | over to Blockfai.com, which is B-L-O-C-K-F-I.com. |
| 1:49.6 | Also, we have Krakhan, the best place for buying and selling Bitcoin and the only place I use for buying |
| 1:54.5 | and selling Bitcoin. Why though? Well, Krakan is consistently rated the best and most secure |
| 2:00.1 | crypto exchange and security is really important to me. They also have the |
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