Bitcoin is money
as stored energy
Hello Ungovernable Misfits. I hope are ready for something electrifying… like …electricity. There are a plenty of heady concepts and analogies to convey the process of mining and proof of work, like the transmutation of energy, storing energy in time, or how Bitcoin is money as stored energy, I’ll leave those metaphors to the thinkbois. Here, we’ll cover some basic concepts and terminology related to electricity to gain a better understanding of the process of mining. Because with out electricity, we’re left to hashing with pencil and paper.
In this iteration of Bitesize Bitcoin, we’ll define Voltage, Current, and Power and how we can solve for them using Joule’s Law. We will define Work… Watts, and Joules …and the first Law of Thermodynamics.
Our guest today @JonPDiGiacomo is here with his daughters to explain in plain language. Jon has been on the previously show and become a good friend. Listen out for more episodes to come.
Bitesize Bitcoin is a new show with short sharp audio clips to help listeners learn about the more technical aspects of bitcoin. There is allot of specific terminology used in the bitcoin space and I want these episodes to help break things down.
Please feel free to share to loved ones and others interested in learning about this world changing technology. Please also let me know if there is something you would like covered and I will do my best to help.