Understanding Bitcoin Mining - And Why Your Bitcoin Can Never Be Faked, Copied or Printed Out of Thin Air (Bit Coin, Wealth & Investing)

Understanding Bitcoin Mining - And Why It Means Your Bitcoin Can Never Be Faked, Copied or Printed Out of Thin Air

Governments can create money with a keystroke. Bitcoin can only be created one way through mining. There are only 21 million that will ever exist, and right now machines around the world are racing to find the last ones.

This episode explains how that race works and what it means for the money in your pocket.

In this episode:

• What Bitcoin mining actually is explained through analogies that make it click, including why a small mining company in India taught Myles everything he needed to know about how the game has changed
• The Byzantine Generals Problem a computer science puzzle considered unsolvable for 26 years that Satoshi Nakamoto cracked in a nine page document, and why the programmers who understood what that meant were the first people to buy Bitcoin
• Why the energy miners spend is not waste but the most expensive security system ever built and what it would actually cost someone to try and fake a Bitcoin transaction in 2026

Want to talk through your own Bitcoin situation with an expert, from buying your first to setting it up securely? Email me at mylesdhillon@gmail.com 

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