Show notes
The boys take the first real step down the crypto rabbit hole: Bitcoin. The OG. The big coin on campus. The oldest and largest cryptocurrency by market cap. Who made it? What problem does it solve? Why would anyone pay $335M for two Papa John’s Pizzas? All of this and more as we begin our dizzying descent into decentralized finance.TIMESTAMPS:1:30 – Who is Satoshi Nakamoto? 5:15 – What is a new currency worth? 7:23 – The Blockchain 9:50 – Double spend problem a12:06 – Let me tell you about bitcoin 13:31 – Immutability and consensus 17:20 – Monetary policy 19:53 – Trust + value over the internet 23:08 – Lightning round 23:45 – Does it matter who Satoshi Nakamoto is? 26:55 – What are all of these alternative bitcoins? 28:40 – How is Bitcoin regulated? 32:00 – Sign off