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Jun 22
23m 15s

Bitcoin Mining Explained to My Kids: “Is...

Myles Dhillon
About this episode

In this fun episode, I sit down with my own kids to answer their real questions about Bitcoin, gold, and inflation — from the basics to the stuff most adults don’t even understand.

They ask:

  • Who created Bitcoin?
  • How much does it cost to buy one Bitcoin right now?
  • How long does it take to mine a Bitcoin and how are new coins made?
  • Is Bitcoin mining profitable or too expensive today?
  • Can you explain Bitcoin to a child? (We try!)
  • What’s the 1kg gold bar price and how does gold compare to Bitcoin?
  • What does Bitcoin energy consumption per transaction really mean?
  • And finally, why is inflation bad, and what’s the deal with money losing value?

If you're trying to understand Bitcoin for kids, or want help explaining Bitcoin to a child, this episode is a great place to start — with questions straight from the mouths of curious kids.

Get intouch with Myles at mylesdhillon@gmail.com

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