logo
episode-header-image
Jan 2021
21m 46s

#122: Bitcoin

Leonardo English
About this episode

 


It's the most famous cryptocurrency in the world, and went up in value by 269% in 2020.

In this episode, we take a look at what it actually is, how it works, why some people think it is the future of money and others think it is a giant bubble.

  • How 'traditional' money works
  • Banks and storing money
  • 1971 and leaving the gold standard
  • Inflation
  • Satoshi Nakamoto & the Bitcoin whitepaper
  • Principles of bitcoin
  • How bitcoin payments work
  • How the blockchain works
  • Bitcoin and inflation
  • Why the bitcoin price goes up and down
  • Buying things with bitcoin
  • The first pizzas bought with bitcoin
  • Why people don't like bitcoin
  • The US Federal Reserve & bitcoin


Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/bitcoin


---

You might like:

🔓 Unlock bonus episodes, interactive transcripts, subtitles & vocabulary lists

📹 A look inside Leonardo English membership

🧑‍💼 Demystifying Business English Course

⚡️  How To Use Podcasts Like A Boss To Learn English

📧 Join the weekly newsletter

✍️ Free English Grammar Checker

---

Keywords: Learn English, vocabulary, lessons, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزية

Up next
Jul 3
#555 | Mobutu Sese Seko | The King of the Kleptocrats
Meet Mobutu Sese Seko, the man who rose from a lowly army officer to become the autocratic ruler of the Democratic Republic of the Congo. Wearing his signature leopard-skin hat, Mobutu rebranded the country as Zaire and himself as a symbol of African pride. Despite his charismati ... Show More
26m 5s
Jun 19
#553 | A Short History Of The Minimum Wage
In this episode, we'll explore the complex world of minimum wage laws, from their surprising origins in Australia and New Zealand to modern debates around their effectiveness. Do they protect the lowest-paid workers, or do they do more damage than good? History of the minimum wag ... Show More
24m 56s
Jun 5
#550 | The Egyptian Revolution
In 2011, Egypt erupted in protest, toppling a 30-year regime.What began as a grassroots movement against an autocratic leader turned into a complex struggle for democracy and power.In this episode, we'll travel through the events that led from the hopeful dawn of revolution to th ... Show More
28m 1s
Recommended Episodes
Jan 2018
E34 Faut-il acheter des bitcoins ?
Intermediate French Podcast with Transcript. Improve your French naturally while listening to interesting topics.   Quand le bitcoin a été créé en 2009, il valait 0,001$. 8 ans plus tard, en décembre 2017, son prix est passé à 20 000$. Certaines personnes sont devenues riches grâ ... Show More
30m 1s
Nov 2021
88. Is bitcoin good money? A debate with Paul Frijters
In this episode Saifedean invites back Professor Paul Frijters of the London School of Economics to debate whether bitcoin is a good form of money. Saifedean makes the case for money as a market phenomenon, and argues that bitcoin has the scarcity, divisibility, fungibility and t ... Show More
2h 12m
Mar 2024
BTC174: Is Bitcoin Property, Currency, or Both? w/ Parker Lewis & Will Cole (Bitcoin Podcast)
Join us as Parker Lewis & Will Cole delve into Bitcoin's role as property or currency, discuss Bill Ackman's views and Saylor's latest buy. We explore Bitcoin payments, the impact of high rates, and the future of digital authentication. This episode is packed with insights on the ... Show More
1h 5m
Jun 2021
63. Bitcoin efficiency and cost-benefit analysis
We often hear bitcoin is a waste, but rarely will someone present a full accounting of all the costs and the benefits associated with bitcoin. In this seminar, based on a chapter from upcoming The Fiat Standard, Saifedean attempts a full accounting of the costs that go into makin ... Show More
56m 46s