What is bitcoin? https://www.youtube.com/watch?v=41JCpzvnn_0&ab_channel=99Bitcoins 1. 0 - 2:28 How did we start using bills (bank notes) instead of gold bars? 2. 2:28 - 2:49 Do the banknotes we have in our wallets still represent gold held by the government or not? 3. 3:11 - How was fiat money created, and what role does trust play in it? 4. 3:57 - What are the 2 drawbacks of paper money? 5. 4:00-4:25 - If the government prints more money, is my money worth less or more? 6. If someone has the power to print money, how much power does that person have? Why? 7. 6:30 In 2008 after the banking crisis what did the government do? [see the sign in the film] What does a bailout mean? Do you think it is ok for governments to give money to banks if they are in trouble and not to people who are in trouble? 8. 7:28 - In late 2008 a paper was published by Satoshi Nakamoto - what was it about 9. How much are the pizza's worth now that Laszlo bought? 10. 10:00-10:36 What does it mean that internet gave us decentralized access to information? 11. What are the benefits of bitcoin?