HODL That Thought Podcast #5: Cryptocurrency basics with Skye Dunworth

HODL That Thought Podcast #5: Cryptocurrency basics with Skye Dunworth from Spendher

Marc 4 April 2018 NEWS

This week we spoke to Skye Dunworth from Spendher about the basics of bitcoin and the blockchain. Spendher is an Australian app which makes buying and selling bitcoin using your phone easy. In the podcast we touched on many of the basic questions around crypto currencies including how to store your currencies, how mining works, and the main differences between a fiat currency and a crypto currency. Also on the podcast, Liz, Marc and Adam discuss Malta as a potential crypto hub, Pablo Escobar’s brother’s new crypto currency and 11-year-old crypto wiz kids.

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Shownotes

Moving the needle

Craptocurrency

Interview with Skye Dunworth

  • 21:55 – What is Spendher?
  • 23:13 – Why is buying crypto currencies so complicated?
  • 24:20 – What drew you to bitcoin and did you expect it to rise so fast?
  • 25:05 – How will regulations impact the buying and selling of bitcoin and cryptocurrencies?
  • 26:23 – Security tips for users getting into crypto currencies
  • 27:53 – Tips for beginners looking to store their crypto currencies
  • 29:45 – Is there a way to have one wallet for all of your crypto currencies?
  • 30:44 – How does cold storage work?
  • 32:18 – What are the main differences between a crypto currency and fiat currency?
  • 35:35 – How understanding fiat currency can help you understand crypto currency
  • 37:20 – Bitcoin vs Gold video
  • 37:51 – How mining factors into crypto currency and why it’s necessary?
  • 40:32 – What happens once all bitcoin is mined?
  • 40:55 – If miners are necessary for security, what happens to bitcoin once it stops getting mined?
  • 41:46 – What excites Skye about crypto currencies and the blockchain?
  • 45:19 – Who does Skye think Satoshi Nakamoto is? Hint: It’s not Craig Wright
  • 46:36 – What has the reception been so far towards Spendher?

Are you broke yet?

  • 49:03

Decrypted

  • 1:01:07

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