002 Episode WHAT'S BITCOIN? Part 2 with Adam Back & Peter Todd - All In Bitcoin With CK

CK discusses Bitcoin fundamentals and beyond with Adam Back & Peter Todd, two legendary figures in the Bitcoin space! Refresh and expand your Bitcoin knowledge in What's Bitcoin? Part 2.

Our goal was to create a short, 2-part go-to guide that anyone can share when asked,‘So, what’s Bitcoin?’ Simple questions for newcoiners, while Bitcoiners can revisit the fundamentals.

Disclaimer:All views expressed by me or my guests are solely our own opinions. You should not treat any opinions expressed in this podcast as a specific endorsement to make a particular investment or follow a particular strategy, but only as an expression of personal opinion. This podcast is for informational purposes only. It does not constitute financial, legal, or political advice, and it does not promote or oppose any political party, candidate, or campaign. This podcast may contain speculation, or interpretation. We encourage listeners to do their own research and verify information independently.

Check out 'What's Bitcoin?' Part 1 here:
https://rumble.com/v6dy067-001-episode-whats-bitcoin-part-1-with-adam-back-and-peter-todd.html

Follow Adam Back's work:
X: @adam3us
Nostr: @adam3us
https://blockstream.com

Follow Peter Todd's work:
X: @peterktodd
Nostr: [email protected] https://petertodd.org

Follow CK & All In Bitcoin:
X: @allinbitcoinpod
Nostr: [email protected]

TIMESTAMPS:
0:00 - Intro
1:10 - Mempools
1:15 -How Transactions Enter the Bitcoin Network
1:39 - Transaction Expiry & Fee Prioritization
1:50 - Mempool.Space
2:19 - Why Some Blocks Take Longer to Mine
2:31 - The Role of Randomness in Mining Time
2:49 - Why Some Blocks Are Empty
3:50 - Can Bitcoin Transactions Get Lost in the Mempool?
4:30 -Transaction Fees & Expiration Risk
5:13 -How to Accelerate Stuck Transactions
6:02 - How to Buy Bitcoin
6:38 - The Role of the Circular Economy
6:44 - Buying from Exchanges & KYC Process
7:14 - Withdraw Bitcoin from Exchanges
7:33 - Peer-to-Peer Bitcoin Purchases
8:13 - KYC vs. Non-KYC Bitcoin
9:25 - How to Make Bitcoin More Private
10:28 - Storing Bitcoin Securely & Multi-Signature Wallets
11:05 -CoinJoin & Privacy in Bitcoin
12:03 -Tainted Coins
15:04 - What is a Bitcoin Wallet?
15:29 - Hardware Wallets vs. Software Wallets
15:47 -Public Keys vs. Private Keys
16:28 -What is a Seed Phrase?
17:44 - How Bitcoin Addresses Work
18:16 - Where Is My Bitcoin Stored?
18:36 - Why Use a Multi-Signature Wallet?
20:03 - The Responsibility of Holding Bitcoin
20:39 - Common Mistakes & How to Avoid Them
21:10 -One Common Bitcoin Misconception
22:29 - The Risk of Losing Your Bitcoin Due to Forgetfulness
23:33 - If You Could Change One Thing About Bitcoin?
24:48 - Why Bitcoin Is Hard to Improve
25:07 - Privacy in Bitcoin – Layer 1 vs. Layer 2
26:01 - What is a Bitcoin Node?
26:27 - Full Nodes vs. Archival Nodes
27:42 - Why Should You Run Your Own Node?
28:42 - What is Bitcoin Core & Who Maintains It?
29:53 - How Bitcoin Core Developers Are Funded
31:22 - How to Contribute to Bitcoin Core
33:36 - Bitcoin Core
34:27 - The Blocksize War
40:29 - Current Bitcoin Debates
41:16 - KYC vs. Non-KYC Bitcoin Debate
41:42 - Soft Fork vs. Hard Fork
44:03 - Bitcoin Security & Mining Incentives in the Future
47:15 - Double-Spend Transactions & 51% Attacks
50:58 - What Happens If Bitcoin Gets 51% Attacked
54:04 -Can Quantum Computing Break Bitcoin?
55:03 - Is Bitcoin for Everyone?
56:40 - Most Common Bitcoin Misconceptions
57:04 - Best Way to Learn Bitcoin
58:45 - Most Exciting Moment in Bitcoin Journey
59:13 - Final Thoughts on Bitcoin’s Future

WATCH / LISTEN / SUBSCRIBE TO THE PODCAST
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https://rumble.com/user/AllInBitcoin
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https://www.youtube.com/@allinbitcoinpod
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https://fountain.fm/show/DGn4FIswSZciwkqcow5d
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https://podcasts.apple.com/nl/podcast/all-in-bitcoin/id1792290510
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https://open.spotify.com/show/4KBvDtkHTrLk02l41Gek6E