Ep 3.0: Bitty Review + Grab-Bag Questions

BITCOIN NATION! We passed the 1 trillion market cap. It’s ok if you don’t know what that is—just know, it’s a big deal. So, let’s review what we know about the bitty and tackle some grab-bag questions that you’ve been sending us!

"I don't want to over-represent Bitcoin as some kind of savior, but I do think it's been over-villainized... it's like Deadpool."

The Bachelor, Charlie's Angels, Doctor Manhattan. They all have a place in this podcast.

Follow us on twitter @talkbittytome & email us at talkbittytome@gmail.com. Tip us on Venmo at @kaileyrhodes1, CashApp $talkbittytome. 

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0:36 Let’s review what we know about Bitcoin so far

9:58 Q1: What’s the word for government money? A vocabulary lesson of “fiat”

13:10 Q2: Wtf is a bank run? + fun facts about “reserve requirements”

19:33 Q3: Do I have to pay taxes on Bitcoin?

21:34 Q4: Can I own Bitcoin jointly? This answer goes into WALLETS, which are an important component in the crypto system. Listen up. 

24:47 Q5: Isn’t Bitcoin—an internet-based currency—therefore inaccessible to the disenfranchised among us, like those without internet?

29:53 Q6: Where do I buy Bitcoin? Where should I store my Bitcoin? 

Resources: 

• Bank reserve requirements drop to 0%: https://www.investopedia.com/terms/r/reserveratio.asp
• If you want to buy Bitcoin NOT on CashApp, but you’re still a bit of a newbie: swanbitcoin.com
• Wallets we mention: Green Wallet & Blue Wallet
• Our favorite podcast: What Bitcoin Did with our king, Peter McCormack

Sponsors:

Kernel Modular — Use code: BITTYBITTYBUMBUM for 10% off your first order

Redeemer Small Batch — Use code: TALKBITTY15 for 15% off your first order