What is Bitcoin? If you want to understand cryptocurrency and specifically more about bitcoin, this interview is for you! This is a Bitcoin 101 with investigative journalist and host of the Coin Stories podcast (all about Bitcoin). Natalie has done her research for her podcast and is bringing that knowledge to the Good Life community. This is a really interesting conversation. You can tune in now and access the show notes at thegoodlifecoach.com/140.

Natalie Brunell is a Polish-American television news personality, investigative journalist, podcast host, and educator. She is a senior correspondent and investigative reporter for Spectrum News 1 LA as well as Adjunct Instructor at the USC Annenberg School for Communication and Journalism.

*This is for entertainment purposes only and is not intended to be financial advice.

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WE DISCUSS:

  1. What is bitcoin and when it began.
  2. Satoshi Nakamoto – pseudonym  for whoever invented bitcoin which is a peer to peer system that is completely decentralized and established in 2009.
  3. It was worth a $1 per bitcoin in 2011 and now $40,000 per bitcoin on the day of the interview in June but the amount per bitcoin is very volatile.
  4. You can own an entire bitcoin or a portion of the coin.  
  5. There will only ever be 21,000,000 bitcoins. It is a finite money supply. They created digital scarcity.
  6. The platform isn’t currently insured.
  7. Coinbase is one of the popular sites you can use to purchase bitcoin.
  8. It uses blockchain to update the ledger and it is synchronized around the world. 
  9. El Salvadore is the first country to use it as legal tender.  You can send money from your wallet to another person.
  10. The last bitcoin will be mined in  2140.

RESOURCES MENTIONED

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