On today's episode, Darren and Christina sit down with Jesse Berger to do a deep dive on bitcoin and the cryptocurrency market as a whole. Jesse is the other of Magic Internet Money: A Book About Bitcoin, and the title really says it all. If you've been trying to learn more about bitcoin and whether or not it's the right investment/currency for you, check out this episode and of course check out Jesse's book. Once you see the light, there's no turning back!
Show notes:
00:00 - Introduction
1:35 - Jesse's background and how he became a bitcoin specialist
5:35 - What is money?
7:40 - What is bitcoin?
9:40 - What makes bitcoin better than other cryptocurrencies?
14:55 - How does bitcoin mining work?
18:20 - Is bitcoin mining energy inefficient?
22:20 - What will miners do after all bitcoin is mined?
23:10 - Who should acquire bitcoin and why?
26:15 - Long term worries on bitcoin taxation in Canada
30:20 - How does bitcoin transfer at death work (estate planning)?
34:30 - Do you pay capital gains tax on bitcoin transfer at death?
38:20 - What does Jesse say to the naysayers of bitcoin
42:00 - Where does Jesse see bitcoin going over the next 15-20 years
47:25 - How do I get my start in bitcoin?
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