Bitcoin Basics - Fiat To Your First Wallet

In this video I try to cover all the basics to explain the differences between Bitcoin and fiat currency. I try to cover this to the best of my knowledge and ability. I might have missed things or did not explain some of the things covered in this topic clearly. It is a lot to take in and present in a timely manner. We will have follow ups to this series so please feel free to ask me any questions you may have about the process. Below are the links used in the video for you to fact check and use as a basic starting block for your own research. I do not guarantee you will make money, I'm not a financial advisor, just an enthusiast that truly believes in this technology and thinks that it has the staying power. So, all info given here shouldn't be considered financial advice, only entertainment.

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Bitcoin White Paper - https://bitcoin.org/bitcoin.pdf

Fractional Reserve Banking: What It Is and How It Works
https://www.investopedia.com/terms/f/fractionalreservebanking.asp

How Must Banks Use the Deposit Multiplier When Calculating Their Reserves?

https://www.investopedia.com/ask/answers/070815/how-must-banks-use-deposit-multiplier-when-calculating-their-reserves.asp

Federal Reserve – Reserve Requirements

https://www.federalreserve.gov/monetarypolicy/reservereq.htm

Reserves Administration Frequently Asked Questions

https://www.frbservices.org/resources/central-bank/faq/reserve-account-admin-app.html

US Debt Clock – Current Calculation

https://www.usdebtclock.org/