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Learn About Bit
@learnaboutbit

Bitcoin Enthusiast

Internet Age Economist

Check me out on YouTube!

https://youtube.com/@LearnAboutBit?isi=UYw7t2YXFXb_AUg_

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Recent Notes

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Zcash has been the talk of the town lately in the crypto space, up over 2000% in the past year!

So I decided to dig into Zcash a little bit. After researching just a couple of hours it’s clear to me that Zcash has the same issue as the majority of cryptocurrencies… centralization! I’ll be covering it in an upcoming video… stay tuned.

#zcash #learnaboutbit
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New short!

YouTube link ⬇️
https://youtube.com/shorts/S-VefhDsRac

Why should Bitcoiners pay attention to Cash App? One major reason is the person behind it: Jack Dorsey, co-founder and CEO of Block Inc. and co-founder of Twitter. Dorsey is one of the most prominent Bitcoin proponents in the technology industry and has spent years supporting Bitcoin adoption and development.

For anyone interested in buying Bitcoin, Cash App stands out because of Block Inc.’s strong connection to Bitcoin and Dorsey’s long-term conviction in the network. In this short video, we look at why Jack Dorsey’s involvement with Cash App matters and why Bitcoiners should take notice when choosing a platform for buying Bitcoin.

#shorts #Bitcoin #CashApp #JackDorsey #BuyBitcoin
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Learn About Bit profile picture
New video!

YouTube link ⬇️
https://youtu.be/HMVsu8kWH-0?is=odyQFpBfh4D3TcRO

Is Cash App a good place to buy Bitcoin? In this video, we take a closer look at Cash App as a Bitcoin buying platform, breaking down the company behind it, its Bitcoin features, fees, and security. Cash App is owned by Block, the company led by co-founder and CEO Jack Dorsey, one of the most prominent Bitcoin proponents in the tech industry.

We review Cash App’s Bitcoin security and custody model, including what users should know about its approach to holding customer Bitcoin and full-reserve backing. We also break down Cash App’s fee structure, the process of buying and selling Bitcoin, and special features that can make it a convenient option for both beginners and experienced Bitcoin investors.

So, should you buy Bitcoin with Cash App? We weigh the platform’s security, fees, ease of use, Bitcoin-focused features, and the company’s broader commitment to Bitcoin to determine how Cash App compares as a Bitcoin buying platform. If you’re looking for a simple way to buy Bitcoin and want to understand the tradeoffs before choosing where to purchase and hold BTC, this review covers what you need to know.

#Bitcoin #cashapp #BuyBitcoin #jackdorsey #learnaboutbit
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nostrich · 1w
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New short!

YouTube link ⬇️
https://youtube.com/shorts/szkDW7qinTc

Bitcoin has a major advantage over gold: divisibility. While gold has historically served as sound money and a store of value, its physical nature makes it difficult to divide into small amounts for everyday transactions and settlement. This weakness in gold’s monetary properties helped lead to credit-based systems being built on top of gold, making money easier to transfer but introducing intermediaries and counterparty risk.

Bitcoin solves the divisibility problem by allowing value to be divided into extremely small units and transferred digitally across the world. This combination of divisibility, portability, scarcity, and fast settlement gives Bitcoin monetary properties that physical gold simply can’t match. If money needs to move quickly and efficiently at any scale, Bitcoin may offer a major advantage over gold.

#shorts #Bitcoin #BitcoinVsGold #gold #BitcoinEducation
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New short!

YouTube link ⬇️
https://youtube.com/shorts/RR0nmk018vs

What if prices kept falling forever? In a monetary system built around a fixed money supply like Bitcoin, increasing productivity and a growing supply of goods and services could lead to long-term deflation. Instead of the money supply continually expanding and pushing prices higher, a scarce form of money could allow the benefits of economic growth to show up through lower prices and increased purchasing power.

In this video, we explore how Bitcoin’s fixed supply of 21 million coins could change the way we think about money, inflation, and deflation. If the supply of goods and services grows while the Bitcoin money supply remains fixed, could prices keep falling over time? We break down the economics behind prices falling forever and what a Bitcoin-based monetary system could mean for the future of money.

#shorts #Bitcoin #Deflation #moneysupply #learnaboutbit