{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/68de34f4597bc7d53f5259a9/69e028e7e733e471897c1cb5?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"I Asked a Crypto Expert to Explain Bitcoin Like I’m an Idiot","description":"<p>What actually IS cryptocurrency?</p><p><br></p><p>In this episode we sit down with a crypto expert from Cryptocurrency NZ to break down how Bitcoin works, why people mine crypto, and whether it's actually the future of money.</p><p><br></p><p>We talk about:</p><p>• What cryptocurrency actually is</p><p>• How Bitcoin mining works</p><p>• Why people lose access to their crypto wallets</p><p>• Paying rent using cryptocurrency</p><p>• Why New Zealand might be falling behind in crypto regulation</p><p><br></p><p>If you've ever been confused about Bitcoin or blockchain, this conversation explains it in plain English.</p><p><br></p><p>Recorded at Red Nine Studios in Christchurch.</p><p><br></p><p>Subscribe for more conversations with interesting people in business, sport and culture.</p><p><br></p><p>CHAPTERS</p><p><br></p><p>00:00 Crypto teaser</p><p>00:30 What does Cryptocurrency NZ do?</p><p>01:13 Why crypto has a bad reputation</p><p>02:39 What cryptocurrency actually is</p><p>03:40 Who decides Bitcoin’s value?</p><p>05:18 What Bitcoin miners are really doing</p><p>08:08 Why Bitcoin mining is basically a game</p><p>09:40 How crypto became popular</p><p>12:43 Lending and borrowing with crypto</p><p>13:22 Biggest misconceptions about crypto</p><p>15:59 Paying rent with crypto</p><p>18:08 Why NZ is behind on crypto</p><p>22:42 Using crypto in a murder trial</p><p>24:22 Recovering lost crypto wallets</p><p>25:34 Leaving a job to start a business</p><p>28:30 Advice for starting a business</p><p>29:46 Should businesses accept crypto?</p><p>30:56 Advice for people thinking about Bitcoin</p>","author_name":"Andy Rowe"}