What actually IS cryptocurrency?

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.

We talk about:

• What cryptocurrency actually is

• How Bitcoin mining works

• Why people lose access to their crypto wallets

• Paying rent using cryptocurrency

• Why New Zealand might be falling behind in crypto regulation

If you've ever been confused about Bitcoin or blockchain, this conversation explains it in plain English.

Recorded at Red Nine Studios in Christchurch.

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CHAPTERS

00:00 Crypto teaser

00:30 What does Cryptocurrency NZ do?

01:13 Why crypto has a bad reputation

02:39 What cryptocurrency actually is

03:40 Who decides Bitcoin’s value?

05:18 What Bitcoin miners are really doing

08:08 Why Bitcoin mining is basically a game

09:40 How crypto became popular

12:43 Lending and borrowing with crypto

13:22 Biggest misconceptions about crypto

15:59 Paying rent with crypto

18:08 Why NZ is behind on crypto

22:42 Using crypto in a murder trial

24:22 Recovering lost crypto wallets

25:34 Leaving a job to start a business

28:30 Advice for starting a business

29:46 Should businesses accept crypto?

30:56 Advice for people thinking about Bitcoin

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