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Bitcoins and Beer at Crypto World - Bitcoin and Cryptocurrency Basics by BBT Carter

cryptocurrency 4 weeks ago
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BBT Crew at Crypto World, 1.5h question and answer with folks attending the first Bitcoins and Beer event at Crypto World, a retail Bitcoin location in St. Charles, MO Chapters 00:00 - Start 00:30 - Jeff Wade introducing Crypto World 00:55 - BBT Carter basic agenda 02:00 - BBT Carter introduces BitsBeTrippin 02:30 - Why did I start BBT? Help folks mine! 03:50 - Why does miners share info, doesn't that hurt yield? 07:00 - What about the Enterprise Miners? 09:05 - Why do people mine? What's the innovation? 12:00 - Some history around the start of Bitcoin 13:45 - How does bitcoin target 10min block time 16:00 - Why's the innovation matter? 19:00 - What about other networks, Eth, Sol, Dot, Cardano 19:45 - Explaining PoS Proof of Stake quickly 20:20 - Deeper dive in PoS Proof of Stake 23:00 - How can you participate in Mining? 26:00 - Why do people mine vs Buy coins? 29:00 - Chain Splits Bitcoin - Bitcoin Cash 29:55 - How do so many people participate in Mining? Pools 30:30 - How does pools work? (Camera switches, Audio gets meh) 33:00 - How lucky can someone get solo mining? 36:46 - What do I think about blocksize in Bitcoin ? Q&A 38:00 - How's Layer 2 work? Q&A 40:20 - What's going on with El Salvador and Bitcoin? Q&A 44:00 - Why's it matter as countries change to Cryptocurrency? 45:15 - Why are there so many cryptocurrencies? 46:03 - How do you use bitcoin as currency with Volatility? Q&A 47:30 - Centralized Stable coins CBDC (Centralized Bank Stable Coin) Q&A 51:35 - Can you buy Lighting Labs coin? Does that exist? 52:55 - Do people sell their coins to pay for mining power, how much is hodl? Q&A 55:20 - BBT Todd talks on how we handle BBT Farm 1:00:10 - Eth 2.0 Validator concerns 1:04:07 - Eth 2.0 can you look's your keys if AWS shuts you down? 1:12:00 - Where to start? Newb Series we started on channel 1:14:40 - BBT Todd talks BBT Farm and heat 1:16:30 - Quick story about 2013 GPU mining 1:21:00 - Why does BBT Carter share info for free on YouTube? 1:24:00 - How is mining taxed? (in US) Recommendations on tax? 1:30:00 - Congress and Changes to Laws? Are we concerned? 1:33:00 - Bullish case for future (then camera died!) but we wrapped up 🌎 Reference Links Bitcoin Tax - https://bitcoin.tax/r/8gnG2wnz Calcul 📚Looking for Mining Tool / Equipment Key Links RTX 3080 - IN STOCK with No Order Limit hhttps://www.parallelminer.com/?wpam_id=236 Kill-o-watt Usage meter: https://amzn.to/3lyrc8I Thermal Grizzly Kryonaut: https://amzn.to/3CwLSVN Brady Label Maker: https://amzn.to/3zolFGV 7" USB monitor: https://amzn.to/3tW1ZJ7 FLIR TG165-X Thermal Camera: https://amzn.to/2VS7D2q Thermal Pads (range of sizes) - https://amzn.to/3zpN1MR Extreme Core Cooling Graphite - https://amzn.to/3hMqLXC What to Mine? https://whattomine.com/ Where to mine, pool status https://miningpoolstats.stream/ethereum Sponsored LINK - Compass Mining https://tinyurl.com/CompassMining Sponsored Link for Simplemining.net - Hook yourself up while hooking us up! https://simplemining.net/ref?user=bbt 🎼 Background Audio → No Music 💬 Join the Discord server → https://discord.gg/JGbHE7z 👕 Check out the BitsBeTrippin merch, refresh in 2021 → Coming Soon 🌎 Follow BitsBeTrippin everywhere → Twitch - twitch.tv/bitsbetrippin → Twitter - twitter.com/bitsbetrippin #cryptocurrency #bitcoin #cryptoworld
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