Mindshift #19 | Part 1 - A Beginner's Guide to Crypto & Bitcoin

Luca Steiner (@steinerluca_) is a consultant working in the Banking and Credit Risk Management space. He is a big believer in Web 3.0, Decentralized Finance (DeFi) and has been deep down the crypto rabbit hole for over 2 years. He is a digital nomad of sorts, splitting his time between Frankfurt Germany and Stavanger in Norway.

Jonty Quenet (@GalacticQue) first started trading and investing in stocks when he was 13 and has made the transition to crypto investing in the past few years. After looking beyond the charts and understanding the true promise of the technology, he has become a firm believer in Crypto and Web 3.0. He believes it is time the average person has control over their own wealth, which can be enabled through innovations in crypto.

The two guests join Luca Bersella, the host of Mindshift, to explore the idea behind Bitcoin, how it works and why it is so valuable in the context of modern-day government money and the legacy financial system.

BITCOIN RESOURCES:
Bitcoin Website & Whitepaper: https://bitcoin.org/en/
Bitcoin increases Economic Freedom: https://medium.com/@jmnno01/bitcoin-increases-economic-freedom-a21964cac03b
Bitcoin Wiki: https://en.bitcoin.it/wiki/Main_Page
Bitcoin's Price History: https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#:~:text=The%20cryptocurrency's%20first%20price%20increase,rallies%20and%20crashes%20since%20then.
Michael Saylor Bitcoin Education: https://www.hope.com/
Bitcoin Strategy for Corporations: https://www.microstrategy.com/en/bitcoin/bitcoin-for-corporations
Beginner's Guide to Bitcoin: https://www.whatbitcoindid.com/the-beginners-guide-to-bitcoin
Best YouTube Discussions on Bitcoin: https://twitter.com/purvil_g/status/1451545120424140801?s=24

BOOKS:
Top 6 Books: https://www.investopedia.com/articles/personal-finance/092916/top-6-books-learn-about-bitcoin.asp
The Bitcoin Standard: https://www.amazon.co.uk/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
The Bitcoin Money Book: https://thebitcoinrabbi.com/bitcoin-money-book/
Mastering Bitcoin: https://www.amazon.com/gp/product/1491954388/
Digital Gold: https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X/

CONNECT WITH LUCA STEINER:
https://twitter.com/steinerluca_

CONNECT WITH JONTY QUENET:
https://twitter.com/GalacticQue

LISTEN TO MINDSHIFT:
Spotify: https://open.spotify.com/show/6yHiF7BUZgoBicowDUJN0i
Apple: https://podcasts.apple.com/us/podcast/mindshift-with-luca-and-jonty/id1510671394
Google: https://podcasts.google.com/feed/aHR0cHM6Ly9hbmNob3IuZm0vcy9iNzRlOTAwL3BvZGNhc3QvcnNz?sa=X&ved=2ahUKEwj55L601_PsAhXEVMAKHRMDBEYQ9sEGegQIARAF

Show Notes:
00:00 Episode Introduction
03:04 Setting the Scene for Crypto & Bitcoin
06:12 Luca Steiner & Jonty Quenet
08:42 When Did You Realise the True Importance of Crypto?
13:54 What Is Money?
19:56 Problems with the Current Monetary System, Effects of Inflation and The Money Supply Concept
25:29 How Bitcoin Attempts To Solve These Problems
31:29 What is Bitcoin, How Blockchains Work and their Importance
36:32 What is Mining, How it works on a Blockchain, Decentralized Ledger Concept
42:08 The Double Spend Problem, Potential for a 51% Attack, Miner Rewards
49:05 Why none of the Risks to Bitcoin have actually materialised
51:05 Summary of Key Points for Bitcoin
57:27 El Salvador Legislating Bitcoin as Legal Tender
58:53 Does Every Public Company Have to Buy Bitcoin? Bitcoin's rolling return each year, Supply of bitcoins vs millionaires, Future price outlook
1:02:30 The Bitcoin Community
1:09:41 Conclusion

All views, thoughts and opinions put forward in this podcast are our own and are not those of any employer connected to Luca Bersella or Jonty Fish. Anything we say about Bitcoin, Ethereum or other tradeable assets (be it stocks, bonds etc.) are merely our opinion and does not constitute investment advice. We are not financial advisors - please consult a professional before investing your own money in these assets. Capital is at risk when investing.