Luca Steiner (@steinerluca_) is a consultant working in the Banking and Credit Risk Management space. He is a big believer in Web 3.0, Decentralized Finance (DeFi) and has been deep down the crypto rabbit hole for over 2 years. He is a digital nomad of sorts, splitting his time between Frankfurt Germany and Stavanger in Norway.  

Jonty Quenet (@GalacticQue) first started trading and investing in stocks when he was 13 and has made the transition to crypto investing in the past few years. After looking beyond the charts and understanding the true promise of the technology, he has become a firm believer in Crypto and Web 3.0. He believes it is time the average person has control over their own wealth, which can be enabled through innovations in crypto.  

The two guests join Luca Bersella, the host of Mindshift, to explore the idea behind Bitcoin, how it works and why it is so valuable in the context of modern-day government money and the legacy financial system.  

BITCOIN RESOURCES: 

Bitcoin Website & Whitepaper: https://bitcoin.org/en/

Bitcoin increases Economic Freedom: https://medium.com/@jmnno01/bitcoin-increases-economic-freedom-a21964cac03b

Bitcoin Wiki: https://en.bitcoin.it/wiki/Main_Page

Bitcoin's Price History: https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp#:~:text=The%20cryptocurrency's%20first%20price%20increase,rallies%20and%20crashes%20since%20then. 

Michael Saylor Bitcoin Education: https://www.hope.com/

Bitcoin Strategy for Corporations: https://www.microstrategy.com/en/bitcoin/bitcoin-for-corporations

Beginner's Guide to Bitcoin: https://www.whatbitcoindid.com/the-beginners-guide-to-bitcoin

Best YouTube Discussions on Bitcoin: https://twitter.com/purvil_g/status/1451545120424140801?s=24 

BOOKS: 

The Bitcoin Standard: https://www.amazon.co.uk/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

The Bitcoin Money Book: https://thebitcoinrabbi.com/bitcoin-money-book/

Mastering Bitcoin: https://www.amazon.com/gp/product/1491954388/

Digital Gold: https://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/006236250X/ 

Show Notes: 

00:00 Episode Introduction 

03:04 Setting the Scene for Crypto & Bitcoin 

06:12 Luca Steiner & Jonty Quenet 

08:42 When Did You Realise the True Importance of Crypto? 

13:54 What Is Money?  

19:56 Problems with the Current Monetary System, Effects of Inflation and The Money Supply Concept 

25:29 How Bitcoin Attempts To Solve These Problems 

31:29 What is Bitcoin, How Blockchains Work and their Importance 

36:32 What is Mining, How it works on a Blockchain, Decentralized Ledger Concept 

42:08 The Double Spend Problem, Potential for a 51% Attack, Miner Rewards 

49:05 Why none of the Risks to Bitcoin have actually materialised 

51:05 Summary of Key Points for Bitcoin 

57:27 El Salvador Legislating Bitcoin as Legal Tender 

58:53 Does Every Public Company Have to Buy Bitcoin? Bitcoin's rolling return each year, Supply of bitcoins vs millionaires, Future price outlook 

1:02:30 The Bitcoin Community 

1:09:41 Conclusion

All views and opinions put forward in this podcast are our own and are not those of any employer connected to Luca Bersella or Jonty Fish. Anything said about Bitcoin, Ethereum or any other asset is not meant to and does not constitute investment advice.