Lesson 1: What Really Is Bitcoing
In this insightful session, Ireland’s first Bitcoin consultant, Dinny, joins Gabrielle to demystify Bitcoin for the everyday person. Moving past the jargon and "crypto-fear," this video explores why Bitcoin is fundamentally different from other digital assets and how it serves as a tool for financial freedom.
Key Learning Objectives:
The "Digital Gold" Analogy: Understand how Bitcoin mirrors the scarcity and value of gold while improving upon it through digital portability—much like how the cloud replaced filing cabinets.
Bitcoin vs. "Crypto": Learn the critical distinctions between Bitcoin and other cryptocurrencies (like Ethereum or Solana), including its unique origin story and the absence of a centralized leader.
Proof of Work & Mining: Discover why Bitcoin cannot be created "out of thin air" and how computers must expend real energy to secure the network, unlike many other tokens that are "pre-mined" for free.
Digital Scarcity & Fixed Supply: Explore the anti-inflationary mechanism of Bitcoin's 21 million coin limit and how this compares to traditional assets like property or fiat currency.
True Ownership: Realize the difference between holding money in a bank (where you are a creditor) versus truly owning your own digital assets.
