![]() Well, thanks for having me, Dan, and audience. I’d love to know exactly what a Bitcoin strategist does, and then also love to hone in on your role at Validus energy, that would be great. They call me the ETF professor and I’m proud to say I’m an ETF strategist, some people have dropped that off. One of them is as a Bitcoin strategist, which I love the title by the way. And by way of background, 35 years in the business, right financial services and portfolio management, and you were a couple of different hats. You know, we all wear a lot of hats, you’ve got a fair number of hats too, I don’t know if you want to consider yourself, CEO, but you’re certainly an adviser to a fair number of CEOs and leaders in different industries. Greg Foss, thank you so much for joining us today in the CEO blockchain interview series. Each episode features interviews with leading industry experts so that viewers can have a deeper understanding of today’s quickly evolving blockchain marketplace. WBD182: The Beginner’s Guide to Bitcoin Part 1: Andreas M.You’re watching the blockchain interviews hosted by Dan Weiskopf. WBD183: The Beginner’s Guide to Bitcoin Part 2: What Is Money with Parker Lewis WBD184: The Beginner’s Guide to Bitcoin Part 3: Bitcoin's Pre-History and the Cypherpunks with Aaron van Wirdum WBD185: The Beginner’s Guide to Bitcoin Part 4: What is Bitcoin with Stephan Livera WBD186: The Beginner’s Guide to Bitcoin Part 5: The History of Bitcoin with Marty Bent WBD187: The Beginner’s Guide to Bitcoin Part 6: How Bitcoin Works with Shinobi Planting Bitcoin - Gardening (4/4) by Dan Held Planting Bitcoin - Soil (3/4) by Dan Held Planting Bitcoin - Season (2/4) by Dan Held Planting Bitcoin - Species (1/4) by Dan Held Modeling Bitcoin's Value with Scarcity by PlanB Socialist Economies: What's The Difference? We discuss how the economy works, the 21 million hard cap, the release schedule and block rewards.Ĭapitalist vs. In Part 7 of the Bitcoin Beginner’s Guide, I talk to Dan Held Bitcoin OG and Director of Business Development at Kraken to look at Bitcoin’s monetary policy. Social consensus for a change like this would almost certainly never happen and Bitcoiners can be confident that their Bitcoin holdings will not lose value to do inflation. These rules are part of the Bitcoin protocol and can not be amended or changed without a hard fork. The exact number of the total supply of Bitcoin is not important and it doesn’t matter that the issuance schedule is designed exactly as it is, what is crucial is that this monetary policy can’t be changed. He also designed an issuance schedule of 50BTC every ~10 minutes which is cut in half every 210,000 blocks (~4 years). Satoshi gave Bitcoin a fixed supply of 21 million Bitcoins. When Satoshi released the Bitcoin protocol, it offered an alternative to this system: scarce digital money. This by de-facto promotes spending rather than saving and by many, is seen as a flaw in the financial system. As fiat (government-issued money) is no longer backed by gold or any other scarce asset these central banks are able to print, or issue money at will.Īs more and more money is printed and enters circulation, the money you hold in your bank account becomes a smaller percentage of the total supply and therefore loses value. In our current economic system, currency is issued by the central banks. We will be looking at the basics from breaking down the protocol to explaining the economics and discussing the potential societal shift.īeginners Guide Part 7 - Bitcoin's Monetary Policy with Dan Held To kick off 2020, we are launching a special series to help beginners understand Bitcoin. The goal of What Bitcoin Did has always been about making things simple there are no stupid questions, and the show is here to help beginners navigate this new world. The protocol is complicated, the community can be aggressive and unforgiving, silly mistakes can lose you money, and it is easy to succumb to altcoin marketing.īitcoin does though, offer you the opportunity to hold a new type of monetary asset, one which can't be seized by the government and is censorship resistance and It has the potential to change the way the world. Welcome to the Beginner's Guide to Bitcoin.īitcoin can be intimidating for beginners.
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