Bitcoin and Cryptocurrency Explained For Beginners | Bitcoin For Dummies Explained

In this Episode we have the pleasure of having Byron Grealy on the show.  We start off simple by taking a look at exactly what digital currencies are and how they work on the blockchain. We talk about decentralized systems and the pros and cons of a blockchain system. Byron explains hardware wallets,fiat currencies and exactly what Bitcoin is. We discuss how safe cryptocurrencies are and go into detail of how to buy bitcoin. We touch on using cryptocurrencies cards and the difference between bitcoin and ethereum. We dive into the process of mining Bitcoin and debate wheather cryptocurrencies are sustainable or not.   CHAPTERS   0:00 - Intro 1:57 - What is Cryptocurrecy?  4:35 - Decentralization 8:20 - Pros and Cons of Blockchain Technologies  12:30 - Hardware Wallets  19:50 - What is Bitcoin?  24:40 - Fiat Currency  26:00 - How safe is cryptocurrency  29:50 - Steps to buy Bitcoin  35:37 - Crypto Cards  39:00 - Ethereum  44:15 - Miners  55:40 - Is cryptocurrency environmentally sustainable?  58:57 - Recap of miners  1:04:53 - Are businesses accepting cryptocurrencies?  1:05:40 - Full Recap  1:22:15 - Outro  Check Out our other episodes here:    🎙️Available On:  Youtube: https://www.youtube.com/watch?v=gZR4RPD1y9s Spotify: https://open.spotify.com/show/1jFl8eKDIHKfUBXfyHKWi9?si=5d6d6e35f3b844cd Itunes: https://podcasts.apple.com/us/podcast/the-thinkernick-podcast/id1583327169 LinkTree: https://linktr.ee/thinkernick   🤠Follow us on:  Facebook: https://www.facebook.com/Thinkernick-103778451830989 Instagram: https://www.instagram.com/thinkernickpod/Twitter: https://twitter.com/ThinkerNickPod Tik Tok: https://www.tiktok.com/@thinkernick?is_from_webapp=1&sender_device=pc #thinkernick #ethereum #crypto #cryptocurrency #cryptominer #cryptoforbeginners #cryptoforcompletebeginners #fiatcurrency #cryptocard #hardwarewallet #buybitcoin

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