Market Perspective on Bitcoin

It was Halloween night 2008, during the financial crisis, when Satoshi Nakamoto, published an eight-page white paper titled "Bitcoin: A Peer-to-Peer Electronic Cash System".

In this paper, Nakamoto (a fictitious name) had put forth a concept designed to solve two issues of traditional banking: how to move something of value on the internet without a central intermediary and how to prevent the "double-spending" problem.

In this week's Market Perspective video, Jason sits down with Vector's communications director, Ezra to discuss Bitcoin. Beyond the exchange-traded price, which has been more volatile in recent months, the network has been advancing in several ways.

We cover a variety of topics in this video, from Bitcoin basics to newer developments. Here is an index of main points along with their start times (minutes: seconds).

• 0:08 - Introductions

• 1:04 - Bitcoin overview

• 1:55 - Why is it worth anything?

• 2:42 - Who controls the network?

• 3:08 - How is the network secured?

• 3:37 - Blockchain

• 4:20 - Fixed supply 21M

• 5:08 - What's a Satoshi?

• 5:32 - Layered money

• 6:01 - Medium of exchange: El Salvador

• 7:28 - Lightning network

• 9:52 - Contact your advisor

• 10:01 - Regulatory

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