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voice: brian
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---
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---
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```md
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```md
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@ -144,7 +145,7 @@ According to a recent news report, 69 year old Esther Freeman decided to sell
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some of her Bitcoins. Her bank, however, refused to allow her to deposit the
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some of her Bitcoins. Her bank, however, refused to allow her to deposit the
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900000 shekels from the sale, citing risks of money laundering and terror
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900000 shekels from the sale, citing risks of money laundering and terror
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financing. Mrs. Freeman had to sue the bank in the court. In the meantime, she
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financing. Mrs. Freeman had to sue the bank in the court. In the meantime, she
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has 900000 virtual shekels she can't use, i.e. nothing.
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has 900000 virtual shekels she can't use, i.e., nothing.
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---
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---
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17
03-faq.md
17
03-faq.md
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---
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---
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(pause: 1)
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(pause: 1)
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Frequently asked questions
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Frequently asked questions
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```
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```
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# Part 3
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# Part 3, Frequently asked questions
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Frequently asked questions
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(pause: 2)
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(pause: 2)
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(pause: 1)
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In order for something to replace Bitcoin for saving, it would need to
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In order for something to replace Bitcoin for saving, it would need to provide
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provide similar and even better properties. While some "cryptos" are also easy
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similar and even better properties. While some "cryptos" appear to be scarce
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to transport and scarce, none of them have the level of decentralisation of
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and easy to transport, none of them have the level of decentralisation of
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Bitcoin, and that means their rules could change when under attack.
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Bitcoin, and that means their rules could change when under attack.
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The decentralisation of Bitcoin goes beyond the mere technical and
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The decentralisation of Bitcoin goes beyond the mere technical and
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@ -54,7 +53,7 @@ their money?
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(pause: 1)
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(pause: 1)
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In order to benefit from Bitcoin security, you need to follow the five
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In order to benefit from Bitcoin's security, you need to follow the five
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principles of Bitcoin mentioned in an earlier video. Usually, when you hear
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principles of Bitcoin mentioned in an earlier video. Usually, when you hear
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about Bitcoins being stolen, the people involved violated principle number two:
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about Bitcoins being stolen, the people involved violated principle number two:
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not your keys, not your coins. They entrusted their keys to someone who doesn't
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not your keys, not your coins. They entrusted their keys to someone who doesn't
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@ -70,8 +69,8 @@ their house door, but then leaving the lock open when leaving the house.
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# If Bitcoin consumes a lot of electricity, do I also have to do that?
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# If Bitcoin consumes a lot of electricity, do I also have to do that?
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```
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```
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If Bitcoin consumes a lot of elecricity, do I have to worry about my
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If Bitcoin consumes a lot of electricity, do I have to worry about my
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elecrticity bill?
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electricity bill?
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(pause: 1)
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(pause: 1)
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BIN
03-faq.mp4
(Stored with Git LFS)
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03-faq.mp4
(Stored with Git LFS)
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Block a user