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Transcript

Bitcoin Basics: Part 2

Advantages of Modern Day Banking, where Bitcoin fits in, and significant Bitcoin Milestones

Continuing on with the Bitcoinomics21 presentation at Pyramid Club in Philadelphia. We discuss the advantages of modern banking, where Bitcoin fits in to the disadvantages of it, and significant Bitcoin global milestones.

Continued thanks to Shane Couturier and Nikki Kuhn for inviting me and organizing.

Corrections

  • Ebay does not accept Bitcoin directly

  • Definition of Inflation: general increase in prices of goods and fall in the purchasing power of money

  • Bitcoin is volatile because on a micro level the price fluctuates. On a macro level, however, it is NOT inflationary because its value has increased over time.

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