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School IV · Lesson 11 of 20

Bitcoin: What It Is and What It Isn't

Core idea: Bitcoin is the first piece of BUY BERLO. Understand how it works, why people hold it, and its real risks before going near it.

The Economic Matrix & the Economics of LifeAbout 15 minutes

The Lesson

The rest of this school turns understanding into action through BUY BERLO: Bitcoin, Equity, Real Estate, Leverage and Opportunities. These lessons explain each one. They don't tell anyone what to buy.

What Bitcoin is. Bitcoin is a digital currency launched in January 2009 by a person or group using the name Satoshi Nakamoto, whose real identity is still unknown. It runs on a blockchain: a shared public record of every transaction, kept by thousands of computers around the world instead of one bank.

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The Economic Matrix & the Economics of Life

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For reflection and education only. Not religious instruction, and not financial, legal, medical or mental-health advice.