The Indestructible Glass Safe — Bitcoin Addresses and Private Keys

Mike Talks About Bitcoin — Post #12

Bitcoins are stored in addresses on the blockchain.

The Other Way Dollars are “Made”.

How the Fed Affects the Money Supply — Post #8

Last post I covered how money is created through deposits at banks. This technique is called fractional reserve banking. As a review, banks only store some of the…

Bitcoin has a Flaw

Introduction — Post #1

There are many strengths, but the biggest flaw I have discovered is how difficult it is to explain. I’m sure some people have a succinct elevator pitch or a well written tweet on the topic, but I have found that to properly explain…

The Network

Thanks For Sticking it Out, Let’s Talk About Bitcoin — Post #10

A network is a bunch of computers that are linked together. There are a few ways that this can be done.

Where’s My Money?

An Intro to Banking and Monetary Policy — Post #7

Let’s say I get a job, and they pay me $100. I take it to a bank because my mom always told me it’s where we keep money safe.

This is Money.

Explaining The Use of Money — Post #2

Why Don’t We Use Apples as Money?

The Ideal Characteristics of Money — Post #3

Because not everyone wants apples. Dollars, on the other hand, can be exchanged for almost anything. They are widely accepted as a way to buy whatever you want. You can…

The Worlds First I.O.U.

The Transition to Currency — Post #5

Humans eventually figured out that precious metals made great money. Let’s take gold as an example.

1. Gold is divisible(ish). You can slice it into pieces.