Ep 4.0: How Bitcoin WORKS

Our longest ep yet explores the tech behind this thing called Bitcoin. Because whether you support it or hate it, you should probably understand it, right?

Blockchain. Mining. Forking. Nodes. What. The. F***.

We break it down with plenty of Wall-E metaphors and even a sing-song recap. Feel free to pause and re-wind, as this episode is more First Grade than Kindergarten. But you're ready.

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

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06:10 - What is the "Blockchain?"
14:58 - What is "Mining?"
24:44 - Keeping the Network "honest"
27:22 - Is "forking" as sexy as it sounds?
30:40 - The "Network Effect"  (aka "netflix" over "shetflix")
32:50 - The "Proof of Work" and "Mining Economics"
41:10 - Running a "Node"
44:15 - LET KAILEY REVIEW IN A SENSICAL, MUSICAL WAY
47:15 - The future of Bitcoin security + #ELI5 quantum computers

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Resources: 

• Video - How Bitcoin Works (in 5 minutes, technical)
• Video - How Bitcoin Works (in 27 minutes, more technical)
• Jameson Lopp's Bitcoin Full Node Information and Technical Resources
• Jameson Lopp's Bitcoin Mining Resources
• Intro to types of Bitcoin Forks (including types not covered in this episode)
• Bitcoin's monetary policy of controlled supply
• Clark Moody's Bitcoin Dashboard - for those that want to see all the network happenings in realtime.

Sponsors:

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

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