Welcome to Hashpower Academy, where we unravel the complex tapestry of Bitcoin, bridging the gap between its digital essence and physical implications. In this video, we’re exploring Bitcoin’s three adoption phases: Store of Value, Medium of Exchange, and Unit of Account—breaking down how Bitcoin evolves from digital gold to a transformative economic force.
Our mission is to enlighten and educate, and today we’re diving into Bitcoin’s journey: first as a Store of Value in a dollarized/fiat world, then as a Medium of Exchange powering production through energy and electricity, and finally as a Unit of Account shaping how we measure consumption (outside of contracts and employment). Join us as we unpack this fascinating evolution!
🔥 What We Offer:
– Daily Shorts: Quick, digestible snippets of Bitcoin wisdom to keep you informed on the go.
– In-Depth Videos: Comprehensive explorations like this one, tracing Bitcoin’s adoption phases and their real-world impact.
– Live Q&A Sessions: Engage with experts and peers, ask your burning questions, and deepen your understanding.
🌐 Our Content:
– Courses: Structured learning paths, including lessons on Bitcoin’s economic roles and adoption stages.
– Case Studies: Real-world examples of Bitcoin as digital gold, a pricing system for energy, and a consumption metric.
– Interviews with Experts: Insights from leading figures in Bitcoin’s technological and economic development.
👥 Who We’re For:
– Newcomers: Curious minds wanting to grasp Bitcoin’s phased adoption and its implications.
– Enthusiasts: Those eager to explore Bitcoin’s potential beyond the hype and into practical use cases.
– Professionals: Economists, developers, and energy experts seeking to understand Bitcoin’s role in production and consumption.
📖 Learn More:
Visit hashpower.academy for our full course offerings and additional resources on Bitcoin’s economic evolution.
Join our community for exclusive insights and discussions.
🤝 Connect With Us:
Drop your questions about Bitcoin’s adoption phases, its energy applications, or topics you’d like us to cover in the comments below.
Subscribe to Hashpower Academy for your daily dose of education and to never miss our in-depth analyses.
At Hashpower Academy, we’re committed to demystifying Bitcoin’s complex universe. In this video, we’ll guide you through Bitcoin as digital gold in a fiat world (Store of Value), a pricing system for energy and production (Medium of Exchange), and a unit of account for consumption (Unit of Account). Welcome aboard, and let’s explore Bitcoin’s economic journey together!
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Investing in cryptocurrencies involves high risk and is suitable only for those who can bear potential losses. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
#BitcoinEducation
#LearnBitcoin
#BitcoinAdoption
#StoreOfValue
#MediumOfExchange
#UnitOfAccount
#HashpowerAcademy
Video Transcript:
if you knew what was going to happen tomorrow with a very high degree of certainty and you could trade upon that perception probability today well you’d be a very wealthy person and that is the entire financial sector seeking to figure out what tomorrow is going to look like and that’s not that’s not too different to the Bitcoin world of things everyone’s trying to understand what we believe tomorrow is going to look like on the financial side on the energy side with compute in the middle now what I want to sort of offer is well there is a consensus around us having sort of three phases of the introduction of a new form of money that is the store of value phase sov that is people assigning value to it and comparing it to other things and storing their wealth in it their time their energy and their savings and the second phase would be medium of Exchange now a growing percentage of the population is holding on to this new form of money well they’re not going to hold on to it forever you could you have that choice to make but You’ probably want to spend it and Bitcoin does introduce a mindset around spending on Necessities versus your your wants your needs are more important than your wants why own five homes when you could just hold Bitcoin instead and live in one one one property is the necessity to live somewhere and the extra four are rental cash flow Investments that people have bought real estate portfolios today because there’s no point saving in Fiat money it just dilutes in value so you move your value out of the money into assets and that is one of the problems of today is everyone’s trying to figure out where to preserve their energy their time in things that that hold value over time and store of value phase right now for Bitcoin is well on the mining side block rewards the amount of Bitcoin mined and freshly issued at the rate of consumption of electricity 95 and in fact 98% of that block is subsidy and only five or even 2% of that is fees and fees are the global monetary network of Bitcoin of people moving their their money around wallets and they need to pay a fee to store the information of their transaction in the next block of the chain and to truly comprehend this you’ve got to understand that subsidy is freshly mined Bitcoin it’s monetary policy in some shape or form and fees are more economic activity some form of movement of money Justified and the payment of a fee there’s some justif ific ation of some form of economic activity whether a good or service is moving in the opposite direction of the the Bitcoin moving from one wallet or another or it could just be people moving their own Bitcoin around but subsidy is something different it’s just freshly mined Bitcoin there is no economic activity it’s just being issued into circulation until we reach the full supply of about 21 million now what this means is from the mining side that if 95 to 98% of all of the Bitcoin that is being mined if there’s no economic activity behind it there is an aspect of speculation but what gradually and certainly it’s going to change that the amount of Bitcoin mined per block per fouryear cycle gets cut in half every four years and fees are slowly on the incline the the continual incre inrease of the amount of fees per block and what I believe is that the the Pinnacle of the store of value phase the the race of dollars flooding into price against Bitcoin I think the the Pinnacle of the store of value phase of the majority of people seeing it as digital gold I believe that when we hit the point where it’s about 80% subsidy and 20% fees is the peak of the store of value phase I believe that the the the introduction of medium of exchange people exchanging their Bitcoin into other things using it as a medium of transferring their value to trade I believe that comes from the energy side of the Bitcoin Network compute power sits in the middle that is that you consume electricity in hard in mining Hardware A6 and you produce compute which produces the next block in the chain all of the miners are producing compute power to find the next block in the chain the energy that they consume independently doesn’t produce the blocks the hardware sitting in its box not switched on that’s not producing Bitcoin blocks it’s compute power the combination of energy and compute processing to find the next block that creates a pricing system of energy priced in Bitcoin and if more compute online the price of energy in Bitcoin drops as in you can buy more energy with your Bitcoin now that is a whole different other rabbit hole that we can discuss in another video but the concept here is that that subsidy in Decline continually till there’s no subsidy per block and the complete change over to the entire network running operationally on fees there’s going to be a point that that interconnects that intersects which is to say that the amount of Bitcoin per block that is subsidy may drop to say well lower than one uh Bitcoin per block that’s freshly mined and the amount of fees per block say going above one Bitcoin I believe that when fees are greater the greater percentage per block than subsidy that’ll be the point the intersect in which we shift into the medium of exchange phase because econom I activity of goods and services moving around being priced and traded transferred through Bitcoin um and through its other Comm Commodities of electricity and compute that would be the the the Tipping Point in my eyes as to that next phase of Bitcoin adoption and beyond that when energy and compute are expressed in a quantity of Bitcoin it’s that that in itself will have an acceleration uh hyperscale deployment of computes everywhere and that is not just the latest most efficient machines but also the older versions of trip chips think of your iPhone the next one comes out the next one comes out it’s faster quicker all these other keywords uh and what’s left is a trail of Cheaper iPhones the new one comes out and all the older versions seem to get lower in priced to the point that you can now buy an iPhone that say 10 years ago was worth £500 or dollars or even a, and now you can be buying them for one/ Tenth or 12th of their price so as the mining side of things races to accelerate and make highly more efficient chips and even on the energy side more energy sourced locally and globally they these innovators at the Forefront of making the next best versions of their Technologies and Commodities well it leaves a trail of Cheaper uh older versions of energy and compute and that is going to be the playing field in which society operates and has cheaper more abundant access to energy and the the use of energy through technology microchips and all of that phase is what in my eyes the medium of exchange phase because with comput sitting in the middle of energy and finance it operates as a pricing system if more compute joins the network it means the Network’s using more energy and miners right now are selling energy when they need when the price on the grid goes higher than what they can turn into Bitcoin why mine 10 cents of Bitcoin per kilowatt if the grid is buying it at 11 cents and in fact at that point you can remove the dollar entirely because two identical mining machines deployed anywhere in the planet roughly the same energy consumption will have roughly the same Bitcoin mind so it’s two different computers that could have two different prices of energy but they produce the exact same thing as the final reward of Bitcoin and if the block rewards are more fees than subsidy at this point in time well you you get this new pricing system in which economic activity stimulates a deeper understanding of goods Services energy Transportation all priced uh in Bitcoin on the cost side of things now that’s is this is one of my most important predictions I believe that when Merchants people that sell things when they can understand their costs in a quantity of Bitcoin they’ll be able to define a price that they’re willing to sell their goods and services in Bitcoin and so we’ve got this pricing of dollarized world of well if if block rewards are three for Bitcoin um everyone conceptualizes right now A quantity of Bitcoin as a quantity of dollars and there’s no economic activity behind the majority of it so it’s going to have this intrinsic connection to the dollar more so until fees are more than subsidy but as we reach that point of fees overtaking subsidy that’s more economic activity of the network itself taking over and as the pricing system of the costs of all the different things of our society namely energy being priced in Bitcoin that’s where unit of account comes comes in that’s when Goods Services markets trade employment contracts when we take over the pricing system uh in comparison to say the dollar or the pound the Euro the Yen when prices are replaced by Bitcoin fat currency is uh not going to last too much longer than that potentially purely for the fact that if the money itself that we have is debt-based money and it was disconnected from gold anyway what sustains the delusion of its value is not some fundamental layer but a an accounting trick that is that all of our time and energy is priced in Bitcoin through employment contracts all of our time and energy is priced in dollars through employment contracts and if if that system gets changed into say a an employment contract that prices a quantity of Bitcoin for your time and energy well that that truly takes over the the final the final stage of of This Global monetary phenomena in terms of time scale it’s all about adoption adoption of users adoption on the energy sector and then adoption of all the other layers in between energy and finance it’s like a horseshoe energy and finance are the two edges of the Horseshoe and everything else of of the economy is in the middle and yeah that full final adoption curve could take I believe store value phase is going to take at least another 10 years that is two more cycles of subsidy dropping and fees increasing to the medium exchange phase of the cost side of our economy getting priced in Bitcoin and then goods and services markets and and contracts priced in Bitcoin this could be 10 years 10 years 20 years who knows um but it I feel what I’m trying to communicate provides a sort of clearer path of how it will happen because you can’t just arbitrarily price something in Bitcoin because it doesn’t make sense but right now electricity is mathematically connected to electricity and when you base things on physics and maths the fundamentals make the the path of prosperity much more clearer and well energy is just going to get cheaper and cheaper the price of energy will never reach zero but it will Trend to zero indefinitely because if you price Global energy against a fixed Supply 21 million units well the amount of energy per Bitcoin will just continually go up over time so your purchasing power will increase I hope this was interesting it’s a different sort of video than I like to make on the hash power Academy it delves in a more uh looking forwards versus sort of describing keywords and going backwards in terms of Bitcoin education but I hope you enjoy thank you
Watch on Youtube!
What is Bitcoins future?
Youtube ShortsVideo Transcript:
Watch on Youtube!
Adoption Phases | Bitcoin Education
Youtube VideosWelcome to Hashpower Academy, where we unravel the complex tapestry of Bitcoin, bridging the gap between its digital essence and physical implications. In this video, we’re exploring Bitcoin’s three adoption phases: Store of Value, Medium of Exchange, and Unit of Account—breaking down how Bitcoin evolves from digital gold to a transformative economic force.
Our mission is to enlighten and educate, and today we’re diving into Bitcoin’s journey: first as a Store of Value in a dollarized/fiat world, then as a Medium of Exchange powering production through energy and electricity, and finally as a Unit of Account shaping how we measure consumption (outside of contracts and employment). Join us as we unpack this fascinating evolution!
🔥 What We Offer:
– Daily Shorts: Quick, digestible snippets of Bitcoin wisdom to keep you informed on the go.
– In-Depth Videos: Comprehensive explorations like this one, tracing Bitcoin’s adoption phases and their real-world impact.
– Live Q&A Sessions: Engage with experts and peers, ask your burning questions, and deepen your understanding.
🌐 Our Content:
– Courses: Structured learning paths, including lessons on Bitcoin’s economic roles and adoption stages.
– Case Studies: Real-world examples of Bitcoin as digital gold, a pricing system for energy, and a consumption metric.
– Interviews with Experts: Insights from leading figures in Bitcoin’s technological and economic development.
👥 Who We’re For:
– Newcomers: Curious minds wanting to grasp Bitcoin’s phased adoption and its implications.
– Enthusiasts: Those eager to explore Bitcoin’s potential beyond the hype and into practical use cases.
– Professionals: Economists, developers, and energy experts seeking to understand Bitcoin’s role in production and consumption.
📖 Learn More:
Visit hashpower.academy for our full course offerings and additional resources on Bitcoin’s economic evolution.
Join our community for exclusive insights and discussions.
🤝 Connect With Us:
Drop your questions about Bitcoin’s adoption phases, its energy applications, or topics you’d like us to cover in the comments below.
Subscribe to Hashpower Academy for your daily dose of education and to never miss our in-depth analyses.
At Hashpower Academy, we’re committed to demystifying Bitcoin’s complex universe. In this video, we’ll guide you through Bitcoin as digital gold in a fiat world (Store of Value), a pricing system for energy and production (Medium of Exchange), and a unit of account for consumption (Unit of Account). Welcome aboard, and let’s explore Bitcoin’s economic journey together!
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Investing in cryptocurrencies involves high risk and is suitable only for those who can bear potential losses. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
#BitcoinEducation
#LearnBitcoin
#BitcoinAdoption
#StoreOfValue
#MediumOfExchange
#UnitOfAccount
#HashpowerAcademy
Video Transcript:
if you knew what was going to happen tomorrow with a very high degree of certainty and you could trade upon that perception probability today well you’d be a very wealthy person and that is the entire financial sector seeking to figure out what tomorrow is going to look like and that’s not that’s not too different to the Bitcoin world of things everyone’s trying to understand what we believe tomorrow is going to look like on the financial side on the energy side with compute in the middle now what I want to sort of offer is well there is a consensus around us having sort of three phases of the introduction of a new form of money that is the store of value phase sov that is people assigning value to it and comparing it to other things and storing their wealth in it their time their energy and their savings and the second phase would be medium of Exchange now a growing percentage of the population is holding on to this new form of money well they’re not going to hold on to it forever you could you have that choice to make but You’ probably want to spend it and Bitcoin does introduce a mindset around spending on Necessities versus your your wants your needs are more important than your wants why own five homes when you could just hold Bitcoin instead and live in one one one property is the necessity to live somewhere and the extra four are rental cash flow Investments that people have bought real estate portfolios today because there’s no point saving in Fiat money it just dilutes in value so you move your value out of the money into assets and that is one of the problems of today is everyone’s trying to figure out where to preserve their energy their time in things that that hold value over time and store of value phase right now for Bitcoin is well on the mining side block rewards the amount of Bitcoin mined and freshly issued at the rate of consumption of electricity 95 and in fact 98% of that block is subsidy and only five or even 2% of that is fees and fees are the global monetary network of Bitcoin of people moving their their money around wallets and they need to pay a fee to store the information of their transaction in the next block of the chain and to truly comprehend this you’ve got to understand that subsidy is freshly mined Bitcoin it’s monetary policy in some shape or form and fees are more economic activity some form of movement of money Justified and the payment of a fee there’s some justif ific ation of some form of economic activity whether a good or service is moving in the opposite direction of the the Bitcoin moving from one wallet or another or it could just be people moving their own Bitcoin around but subsidy is something different it’s just freshly mined Bitcoin there is no economic activity it’s just being issued into circulation until we reach the full supply of about 21 million now what this means is from the mining side that if 95 to 98% of all of the Bitcoin that is being mined if there’s no economic activity behind it there is an aspect of speculation but what gradually and certainly it’s going to change that the amount of Bitcoin mined per block per fouryear cycle gets cut in half every four years and fees are slowly on the incline the the continual incre inrease of the amount of fees per block and what I believe is that the the Pinnacle of the store of value phase the the race of dollars flooding into price against Bitcoin I think the the Pinnacle of the store of value phase of the majority of people seeing it as digital gold I believe that when we hit the point where it’s about 80% subsidy and 20% fees is the peak of the store of value phase I believe that the the the introduction of medium of exchange people exchanging their Bitcoin into other things using it as a medium of transferring their value to trade I believe that comes from the energy side of the Bitcoin Network compute power sits in the middle that is that you consume electricity in hard in mining Hardware A6 and you produce compute which produces the next block in the chain all of the miners are producing compute power to find the next block in the chain the energy that they consume independently doesn’t produce the blocks the hardware sitting in its box not switched on that’s not producing Bitcoin blocks it’s compute power the combination of energy and compute processing to find the next block that creates a pricing system of energy priced in Bitcoin and if more compute online the price of energy in Bitcoin drops as in you can buy more energy with your Bitcoin now that is a whole different other rabbit hole that we can discuss in another video but the concept here is that that subsidy in Decline continually till there’s no subsidy per block and the complete change over to the entire network running operationally on fees there’s going to be a point that that interconnects that intersects which is to say that the amount of Bitcoin per block that is subsidy may drop to say well lower than one uh Bitcoin per block that’s freshly mined and the amount of fees per block say going above one Bitcoin I believe that when fees are greater the greater percentage per block than subsidy that’ll be the point the intersect in which we shift into the medium of exchange phase because econom I activity of goods and services moving around being priced and traded transferred through Bitcoin um and through its other Comm Commodities of electricity and compute that would be the the the Tipping Point in my eyes as to that next phase of Bitcoin adoption and beyond that when energy and compute are expressed in a quantity of Bitcoin it’s that that in itself will have an acceleration uh hyperscale deployment of computes everywhere and that is not just the latest most efficient machines but also the older versions of trip chips think of your iPhone the next one comes out the next one comes out it’s faster quicker all these other keywords uh and what’s left is a trail of Cheaper iPhones the new one comes out and all the older versions seem to get lower in priced to the point that you can now buy an iPhone that say 10 years ago was worth £500 or dollars or even a, and now you can be buying them for one/ Tenth or 12th of their price so as the mining side of things races to accelerate and make highly more efficient chips and even on the energy side more energy sourced locally and globally they these innovators at the Forefront of making the next best versions of their Technologies and Commodities well it leaves a trail of Cheaper uh older versions of energy and compute and that is going to be the playing field in which society operates and has cheaper more abundant access to energy and the the use of energy through technology microchips and all of that phase is what in my eyes the medium of exchange phase because with comput sitting in the middle of energy and finance it operates as a pricing system if more compute joins the network it means the Network’s using more energy and miners right now are selling energy when they need when the price on the grid goes higher than what they can turn into Bitcoin why mine 10 cents of Bitcoin per kilowatt if the grid is buying it at 11 cents and in fact at that point you can remove the dollar entirely because two identical mining machines deployed anywhere in the planet roughly the same energy consumption will have roughly the same Bitcoin mind so it’s two different computers that could have two different prices of energy but they produce the exact same thing as the final reward of Bitcoin and if the block rewards are more fees than subsidy at this point in time well you you get this new pricing system in which economic activity stimulates a deeper understanding of goods Services energy Transportation all priced uh in Bitcoin on the cost side of things now that’s is this is one of my most important predictions I believe that when Merchants people that sell things when they can understand their costs in a quantity of Bitcoin they’ll be able to define a price that they’re willing to sell their goods and services in Bitcoin and so we’ve got this pricing of dollarized world of well if if block rewards are three for Bitcoin um everyone conceptualizes right now A quantity of Bitcoin as a quantity of dollars and there’s no economic activity behind the majority of it so it’s going to have this intrinsic connection to the dollar more so until fees are more than subsidy but as we reach that point of fees overtaking subsidy that’s more economic activity of the network itself taking over and as the pricing system of the costs of all the different things of our society namely energy being priced in Bitcoin that’s where unit of account comes comes in that’s when Goods Services markets trade employment contracts when we take over the pricing system uh in comparison to say the dollar or the pound the Euro the Yen when prices are replaced by Bitcoin fat currency is uh not going to last too much longer than that potentially purely for the fact that if the money itself that we have is debt-based money and it was disconnected from gold anyway what sustains the delusion of its value is not some fundamental layer but a an accounting trick that is that all of our time and energy is priced in Bitcoin through employment contracts all of our time and energy is priced in dollars through employment contracts and if if that system gets changed into say a an employment contract that prices a quantity of Bitcoin for your time and energy well that that truly takes over the the final the final stage of of This Global monetary phenomena in terms of time scale it’s all about adoption adoption of users adoption on the energy sector and then adoption of all the other layers in between energy and finance it’s like a horseshoe energy and finance are the two edges of the Horseshoe and everything else of of the economy is in the middle and yeah that full final adoption curve could take I believe store value phase is going to take at least another 10 years that is two more cycles of subsidy dropping and fees increasing to the medium exchange phase of the cost side of our economy getting priced in Bitcoin and then goods and services markets and and contracts priced in Bitcoin this could be 10 years 10 years 20 years who knows um but it I feel what I’m trying to communicate provides a sort of clearer path of how it will happen because you can’t just arbitrarily price something in Bitcoin because it doesn’t make sense but right now electricity is mathematically connected to electricity and when you base things on physics and maths the fundamentals make the the path of prosperity much more clearer and well energy is just going to get cheaper and cheaper the price of energy will never reach zero but it will Trend to zero indefinitely because if you price Global energy against a fixed Supply 21 million units well the amount of energy per Bitcoin will just continually go up over time so your purchasing power will increase I hope this was interesting it’s a different sort of video than I like to make on the hash power Academy it delves in a more uh looking forwards versus sort of describing keywords and going backwards in terms of Bitcoin education but I hope you enjoy thank you
Watch on Youtube!
BitAxe Mini-Miner | Education & Review | The Whitepaper Edition
Youtube Videos‘A single device that will teach you more about Bitcoin in an hour… than hundreds of hours of content’ – Jake
Discover the Bitaxe Supra White Paper Edition, a limited-release Bitcoin mini-miner designed to educate and inspire, as featured in this exclusive review by Jake Scanlan
Learn how this innovative device, created by IxTechCrypto (And many others!), offers a unique hands-on experience for Bitcoin enthusiasts, celebrating 16 years of Bitcoin’s vision for economic freedom. Use code ‘JAKE’ for a discount: https://ixtech.xyz/?ref=JAKE
Explore the specs, including its sleek white finish and laser-etched Bitcoin whitepaper design, making it a collector’s item for the crypto community.
Find out where to get your own Bitaxe Mini Miner and join the movement reshaping the future of energy and finance, as highlighted in the 2025 hardware boom for bitcoin and crypto enthusiasts.
Subscribe for more insights on Bitcoin mining, crypto innovations, and educational content to deepen your understanding of Bitcoin and its transformative technology. Hit the bell for updates, and let’s explore the future of finance together!
#Bitcoin #CryptoMining #Bitaxe #Blockchain #CryptoEducation
Video Transcript:
hello there and welcome to a product review SL educational video I’m going to do about the bit a white paper Edition and the key takeaway here is you can spend hundreds of hours going through content courses podcasts and everything in between but you’ll learn more about Bitcoin and its wider Network by one of these bad boys probably in an hour for the reasons of we can go through all the keywords of learning about Bitcoin all the different pieces and how they all fit together but until you actually plug one of these in consume electricity understand that it produces hash rate and that hash rate is trying to find the next block in the chain and that connection through the internet to a mining pool the mining pool giving you payouts of Bitcoin that you send to a wallet and maybe to a physical wallet if you put all those pieces together in an hour you you’ve learned more about Bitcoin entirely the whole stack Allin one and and that’s the key takeaway as to why i’ I’d recommend this I love it I think it’s really cool so it’s the white paper edition of the bit a because it’s got the white paper as its backboard and that’s truly the the fundamental start of this entire Bitcoin Journey Satoshi Nakamoto didn’t log into an exchange like you and buy Bitcoin he consumed electricity to produce the money of the future and that’s the key takeaway here that the money needs to have a cost to produce and if we Define that cost of produce in a productive commodity like electricity you know that commodity that we all need for everything in the 21st century Information Age well it just backs it by something that we can exchange uh the excess electricity of our entire world into monetary div derived energy units that’s defended by all of this all of this compute power that we’re producing together and that that coordination of of in incentives that all fit together is is why we’re still here today talking about it um yeah this little product is the white paper edition of the bit a meaning it’s a bit a hardware product so there’s groups of guys out there that that produce the bit a mini miners as I like to call them um this is from a company called .xyz that’s where I got it from I do have a code somewhere somewhere here on this video that that you can go to to get a discount and get your own code as well if you want to share the share the knowledge on um and that process of going through all the different components of the Bitcoin network is so fundamental because if you just log into a platform and buy Bitcoin and yes learn about Bitcoin as money you’ve just got one very narrow branch of learning about Bitcoin that if you go through the energy stuff the compute stuff how it all interconnects together as a framework of what I like to call Energy space and time well those branches of different bits some knowledge they all just fit together and I think it’s quiet enough of a device that your wife won’t complain your kids will love it because well they just will it’s physical it’s Hands-On and if they break it you can make them solder it back together um and it just it just brings everything into fruition really it’s it’s a valuable little kit and you’re not going to get it to economically mine and what I mean by that is large scale industrial miners they buy machines in bulk for cheap prices and get that economic return of well they buy a Bitcoin that’s buying versus mining Bitcoin which is you buy a bitcoin’s worth of machines and hope that those machines produce more than a Bitcoin over the lifespan of those computers that is not why people buy this this is an educational tool in which the price is more expensive than what you could theoretically m in the future in dollar terms it will catch up but in Bitcoin terms no but this this will give you the advantage over everyone else because if you learn about all those fundamental layers you just you just have more access to knowledge and opportunities that could potentially come up in the future about all the different weird and wonderful things about Bitcoin um the key takeaway I think as well to include is that Bitcoin fundamentally started with Satoshi Nakamoto as read write and own like the the layers of the internet we started with just basic websites that was reading right was the social media phenomenal owner of being able to create your own content and and data interpretation and ownership is now this Bitcoin layer that you have ownership on the internet and the fragmentations for Bitcoin specifically in relation to its blockchain read is the nodes they they you can view all of the information online and that those that information comes from the nodes you can write which is Bitcoin mining at scale producing your own blocks and when you produce your own blocks you decide what transactions go in the blockchain and ownership is the ownership of the Bitcoin and those three pieces have fragmented into nodes fragmenting out into different layers and different complexities and chains of Bitcoin uh right is mining expanding out into the industrial scale mining sector and ownership which is Bitcoin in a wallet hot wallets cold wallets and Hardware wallets and that fragmentation and custodial finance and credit and Loan against your Bitcoin and all this sort stuff is everything’s it’s all expanding in its own directions um but if you want to bring it all back to fruition of a tiny little device that can sit in your house then yeah get one of these
Watch on Youtube!
Hardware Wallets | Bitcoin Education
Youtube VideosWelcome to Hashpower Academy, where we unravel the complex tapestry of Bitcoin, bridging the gap between its digital essence and physical implications. In this video, we’re diving deep into the world of hardware wallets—the ultimate tool for securing your Bitcoin in a digital age.
Our mission is to enlighten and educate, and today we’re exploring how hardware wallets protect your assets, why they matter, and how they fit into the broader Bitcoin ecosystem. This is just one piece of the puzzle we unpack here at Hashpower Academy.
🔥 What We Offer:
– Daily Shorts: Quick, digestible snippets of Bitcoin wisdom to keep you informed on the go.
– In-Depth Videos: Comprehensive explorations like this one, breaking down the technology and practical use of hardware wallets.
– Live Q&A Sessions: Engage with experts and peers, ask your burning questions, and deepen your understanding.
🌐 Our Content:
– Courses: Structured learning paths, including foundational lessons on Bitcoin security and tools like hardware wallets.
– Case Studies: Real-world examples of how hardware wallets safeguard wealth and empower users.
– Interviews with Experts: Insights from leading figures in Bitcoin security and development.
👥 Who We’re For:
– Newcomers: Curious minds wanting to learn how to safely store Bitcoin with hardware wallets.
– Enthusiasts: Those eager to master Bitcoin security and stay ahead in this evolving space.
– Professionals: Developers, investors, and policymakers seeking to understand the tools shaping Bitcoin adoption.
📖 Learn More:
Visit hashpower.academy for our full course offerings and additional resources on Bitcoin security.
Join our community for exclusive insights and discussions.
🤝 Connect With Us:
Drop your questions about hardware wallets, Bitcoin security, or topics you’d like us to cover in the comments below.
Subscribe to Hashpower Academy for your daily dose of education and to never miss our in-depth analyses.
At Hashpower Academy, we’re committed to demystifying Bitcoin’s complex universe. Whether you’re here to learn about hardware wallets or explore the broader worlds Bitcoin opens up, we’re here to guide you. Welcome aboard, and let’s secure your Bitcoin journey together.
Financial Disclaimer:
This video serves educational and informational purposes only and should not be construed as financial advice or investment recommendation. The views expressed are those of the presenter and do not represent Hashpower Academy’s official stance. Information is provided ‘as is’ without warranties, express or implied, as to its accuracy or completeness. Investing in cryptocurrencies involves high risk and is suitable only for those who can bear potential losses. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
#BitcoinEducation
#LearnBitcoin
#HardwareWallets
#BitcoinSecurity
#BitcoinAcademy
Video Transcript:
hello there and welcome to the hash power Academy my name is Jake scanland I am the lead educator here at the Academy and the subject of today is Bitcoin Hardware wallets these are physical devices that secure the private keys of your Bitcoin that is to say that the Bitcoin is not physically or digitally inside this device but instead your ability to spend the Bitcoin that is what is secured by these devices your private key is the the magical password that enables you to move that Bitcoin to the next wallet because Bitcoin is just data data stored in a blockchain that is updated from Bitcoin mining from the energy sector and so you have this process of blocks being added to the chain through energy that is the security system of this network now the parallel to have with this is that when you spend money on your credit card or your debit card it’s the same thing your money is not in the card it’s just that the card is the authentication device to actually spend it or through a payment terminal you are just confirming your ability to spend it and with these devices they’re going to develop better more uh shall I say more enjoyable experience to to use over time because right now they’re clunky and some people don’t don’t even want to use Hardware devices they would rather Trust their Bitcoin on a platform or with a custodian or one of these other types of IOU setups such as an ETF where it’s you obfuscate all of the responsibility of securing your own Bitcoin and placing it in the trustful hands of someone else which can go extremely wrong and there is a precedent of history in the first 16 years of Bitcoin of people trusting others with their digital money and poof they disappear that is not what we want to happen to you at all so the best advice I can give to you is you need to experiment with this everything in this phase of Bitcoin as it’s so new is experimentation that’s not to say put your life savings on here one of these devices but to start with a small amount justify maybe a purchase of one of these that could be a couple1 pound or dollars um with a couple hundred pound or dollars of Bitcoin start there and go through a gradual process of learning how to set one of these up deposit some Bitcoin into it make sure that you memorize the the words or the seeds or whatever it is that that’s set up for a particular device that you buy all of those different things will allow you to just go through that educational Journey because some people can be quite ignorant or resistant to change and yeah that’s the best advice I can give I of course picked the one that is got the orange plastic sck around it there’s a there’s a bias for things being Orange in this world now and they can be the more exclusive option of buying things but y this is for today’s video I hope you’ve learned something new that your Bitcoin is not inside this just your ability to spend it the authentication is secured and encrypted inside these thank you for listening bye-bye
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