Bitcoin 101 w/ Michael Schmid (BTC238)

Video Description

Michael and Preston explore Bitcoin's foundational principles, covering digital scarcity, mining incentives, node infrastructure, and the importance of self-custody versus third-party management. What you'll learn here: 00:00:00 - Intro 00:06:23 - How Bitcoin prevents government-led currency debasement 00:08:01 - What makes Bitcoin a secure and decentralized timekeeper 00:11:32 - The mechanics of block creation and transaction verification 00:19:45 - Why block reorganizations occur and how they're resolved 00:22:43 - The economic incentives behind Bitcoin mining 00:28:46 - Differences between running a node and mining 00:33:28 - The role of transaction fees as block subsidies decline 00:45:47 - How Bitcoin's security model addresses hack concerns 00:46:05 - How self-custody empowers users and mitigates risks Transcript & Guest Info: https://www.theinvestorspodcast.com/bitcoin-fundamentals/bitcoin-101-w-michael-schmid/ Join our highly vetted community of value investors: https://www.theinvestorspodcast.com/mastermind Our Sponsors: 🪙 Optimize your mining profits while saving on taxes with Abundant Mines. https://www.abundantmines.com/preston 📱 Send Bitcoin over a text message to easily orange pill your family, pay a friend for dinner, or send a gift with River Link. Get up to $100 free when you sign up and buy Bitcoin. https://river.com/fundamentals 🔒 Opt for security over convenience with The Bitcoin Way. Secure your Bitcoin and book your free consultation today at http://thebitcoinway.com/tip ▶️ Related Episodes: - A Bitcoin HVAC & Hot Water System in Your Home w/ Michael Schmid: https://youtu.be/Ut0jQ-wkR2Q - Bitcoin Torque: Saylor's Playbook w/ Andy Edstrom: https://youtu.be/RLoux3CGXlU - Jack Mallers on XXI (21) and Strike Borrowing and Lending: https://youtu.be/GCY9a7SGYyc Listen to our episodes here: https://open.spotify.com/show/28RHOkXkuHuotUrkCdvlOP Visit our website: https://www.theinvestorspodcast.com/bitcoin-fundamentals/ Free PDF: Investing for Beginners: 4 Principles of Stock-Picking: https://www.theinvestorspodcast.com/subscribe-youtube/ ⚠️ Disclaimer: This show is for entertainment purposes only. Before making any decisions consult a professional. This show is copyrighted by The Investor’s Podcast Network. Written permission must be granted before syndication or rebroadcasting. #Bitcoin #CryptoEducation #BitcoinMining #BlockchainTechnology #SelfCustody