Episode 46: Mining for Crypto with Terp
Friend of the show Terp joins Andy and Aaron to discuss a brief history of currency, the rule of 72, the basics of cryptocurrency, what it means to “mine,” Terp’s mining venture, Terp sends Andy a Litecoin in real time, tax implications, volatility, risks, how to avoid a scam if you’re interested in mining, and more!
(Note 1: Apologies for missing our most recent biweekly episode; we had some issues with our audio files and they weren’t recoverable.)
(Note 2: We mentioned that no crypto exchange traded fund is available. While true in the U.S., crypto ETFs do exist internationally; Terp mentions one called Grayscale. See the “How to” link below.)
Audio outro: Foo Fighters, “Ballad Of The Beaconsfield Miners”
Links:
Coinbase
How To Buy A Bitcoin ETF
IMDB: Banking on Bitcoin documentary
Satoshi paper
Invest Like the Best: Hash Power podcast episodes
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