Episode Details

Ep 160 | No. 148 BlakeIn this episode of Sat Chats, the hosts explore the world of Bitcoin and its smallest unit, Sats. They discuss the skepticism surrounding Bitcoin, its mechanics, and how it compares to traditional assets like gold. The conversation delves into the security of Bitcoin, its decentralized nature, and its potential as a hedge against economic instability. Listeners are encouraged to consider Bitcoin as a viable investment and learn how to get started in the cryptocurrency space.Major Takeaways- Bitcoin is the original cryptocurrency and operates independently of government regulation.- Sats are the smallest unit of Bitcoin, similar to pennies in a dollar.- The decentralized nature of Bitcoin means it is spread across many computers, making it secure.- Bitcoin can be stored on a USB drive or in a digital wallet, secured by a seed phrase.- The total supply of Bitcoin is capped at 21 million, ensuring scarcity.- Bitcoin transactions are recorded on a public ledger called the blockchain.- Security in Bitcoin relies on cryptographic principles, making it difficult to hack.- In a doomsday scenario, Bitcoin can still be transacted over alternative networks like ham radio.- Getting started with Bitcoin can be as simple as downloading an app and buying small amounts.Sat Chats is building the world’s biggest Bitcoin Welcome Center. If you’d like to support the mission, sponsor an episode, or join us in the studio (virtually or in person), you’ll find everything you need below:— Subscribe here on YouTube for your chance at two million sats when we hit 10,000 subscribers— Book your slot at satchats.com— Donate Bitcoin: bc1q5yrwe6qxujzumg5j28g0rvckx9n859sa08fupc— Zap us at satchats@getalby.com— Sponsorship inquiries: show@satchats.com