Module 3 of 6

What Is Bitcoin?

Bitcoin introduced — what it is, how it works, the 21 million limit, mining, decentralization, whether it can be stopped, and why it's in a league of its own.

10 videos·~37 min·0% complete

3.1Coming soon

Bitcoin in One Sentence

Decentralized digital money with a fixed supply, controlled by no one.

💡Bitcoin is decentralized digital money with a fixed supply, controlled by no one

3.2Coming soon

The Origin — Satoshi and the 2008 Crisis

An anonymous creator, a nine-page document, and a message about bank bailouts.

💡Bitcoin was created in response to the 2008 financial crisis by an anonymous developer who disappeared

3.3Coming soon

The 21 Million Limit

Why Bitcoin's fixed supply is the most important thing about it.

💡Bitcoin's fixed supply is enforced by math, not promises

3.4Coming soon

The Shared Ledger — How Bitcoin Works

How Bitcoin's record-keeping works — a notebook everyone has a copy of.

💡The blockchain is a public shared ledger that anyone can verify and no one can fake

3.5Coming soon

What Is Mining, Really?

Mining converts real energy into cryptographic proof to secure the network.

💡Mining secures the network and issues new Bitcoin

3.6Coming soon

No One Controls Bitcoin

Decentralization in practice — no government, company, or person can change the rules.

💡Changing the rules requires consensus from thousands of independent operators

3.7Coming soon

Can Bitcoin Be Stopped?

Bans have been tried. They don't work.

💡A government can ban Bitcoin but cannot stop it

3.8Coming soon

How to Think About Bitcoin

Not an investment — a savings technology.

💡Bitcoin is a savings technology — the hardest money ever created

3.9Coming soon

Bitcoin vs. Crypto

Bitcoin is to crypto what gold is to Beanie Babies. There is no second best.

💡No founder allocation, true decentralization, and an unchangeable fixed supply

3.10Coming soon

Bitcoin 101 — Module 3 Recap

Full recap — and the question that leads to Module 4.

💡Bridges to Module 4: Why Does Bitcoin Have Value?

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What's Wrong With Our Money?

Why Does Bitcoin Have Value?

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