Ben Prentice: Bitcoin Economics and Monetization

Tommy and Brady discuss bitcoin news from the past week, including Switzerland's ICO regulations, Charlie Munger's hatred of bitcoin, feeding chicks with the Lightning Network, and the latest price action. We take a look at how the bitcoin main chain works and why we need the lightning network. 1:22 - Switzerland ICO guidelines 3:33 - Bitcoin mining is bullish 5:54 - Elaine Ou (@eiaine) made a Lightningified chick feed vending machine 7:22 - BTC price (Tommy makes fun of Brady for putting rocket emojis on his trading charts) 10:53 - Bitcoin dinosaurs 19:43 - How Bitcoin and Lightning Network Work - The Basics Links from the show below. Newish to Bitcoin? Confused? Overwhelmed? We feel you. Follow us on YouTube, Medium and here for useful breakdowns of news, the social & economic implications of bitcoin and easy to follow howtos. We're just making the leap from learn to teach, your early support is huge. 🌍🌎🌏 @Pomp on Switzerland ICO regs: https://twitter.com/APompliano/status... @CitizenBitcoin mining bullish: https://twitter.com/CitizenBitcoin/st... @eiaine feeding chicks with Lightning Network: https://twitter.com/eiaine/status/965... Bitcoin rocket trajectory chart: https://www.tradingview.com/chart/BTC... Cup and Handle formation: https://www.investopedia.com/terms/c/... Charlie Munger meme: https://twitter.com/coinsiglieri/stat... Bitcoin dinosaur meme: https://libertyblitzkrieg.com/wp-cont... Nakamoto Institute bitcoin skeptics page: http://nakamotoinstitute.org/the-skep... BBC bitcoin explainer: https://twitter.com/Xentagz/status/96... Lightning Network enables Unicast Transactions in Bitcoin. Lightning is Bitcoin’s TCP/IP stack: https://medium.com/@melik_87377/light... @ArminVanBitcoin Lightning Network visualization: https://twitter.com/ArminVanBitcoin/s... Citizen Bitcoin Twitter: https://twitter.com/citizenbitcoin Medium: http://citizenbitcoin.world YouTube: https://www.youtube.com/channel/UCi_fqW5K7-eLUXcLU-dR3eQ

18 Feb 201829min