Playing the Bitcoin Paper Game : Don’t Trust Verify BTC Curaçao Institute Runy My First Bitcoin Instructor

BTC Curaçao Training Room at Eden Mall The orange training living room. Just like a nice Caribbean living room in a home on Curaçao. Decorated abd sponsored by family Peter Kroll

Don’t Trust Verify Blockchain paper game of Mi Primer Bitcoin, lesson 7. Runy BTC Curaçao Institute @BTCCuracao @My First Bitcoin - Bitcoin Education for the World

Interviewing a solo miner who just won a block. During lesson 7 of My First Bitcoin at BTC Curacao sponsored by Peter Kroll family, @BTCCuracao we play and simulate a whole Bitcoin paper game. Everybody has a role like sender (who creates a transaction), Receiver (who verifies a transaction), a node (who verifies and validates a transaction) and a miner (who mines a transaction). A paper game of Don’t Trust, Verify! With mempool, blocks, hash of previous block, UTXO. A paper game so students grasp these concepts. Because Mi Primer Bitcoin, 10 weeks program is a hands on program. With many interactive exercises, games and discussion next to a book and teacher resources. I love teaching with exercises. Thanks to @npub1wyjr...2mkf my coach of My First Bitcoin. We are almost done with the Second cohort on Curaçao. Thanks to @My First Bitcoin . Thanks to @Arnold Hubach for chairing our monthly General Members Meetings where all the education nodes in the world meet. And thanks to this student Emmanuel who mined his first paper block. Runy BTC Curaçao Institute

The Byzantine Generals problem. How to coordinate many groups toattack or retreat from a castle? We play it every time in lesson 6 of the My First Bitcoin 10 week’s program at BTC Curaçao at Eden Mall. Each student is a general. The Kura Piedra Castle in the Middle. I tell them our gold is there. I pass some secret messages through the students. Attack or retreat. I tell them if we all attack we succeed if we all retreat we succeed. If we don’t reach concensus we die. Here again one student got a wrong message. And we don’t have concensus. Some attack and one retreated. Then I introduce proof of work and some rules and we have concensus. Runy #ProofOfWork #MiPrimerBitcoin @My First Bitcoin

Now you know one of the reasons why my mouth is open on my bio. Why I’m shocked. Is that the US debt? The USA Debt Clock. Explaining to students how big the USA debt is in lesson 5 of the My First Bitcoin certification… Sometimes you better laugh instead of crying Runy #Bitcoin #Debt #WTF1971

My brother is closer to the printer than you all. That’s why he will get the money first. And he will bit all of you and get the car!!! Explaining stidents of the My First Bitcoin 10 weeks education, lesson 5, how inflation and the money printer works. Runy BTCCuraçao #ProofOfWork #Bitcoin #Cantillion

Imagine you increase the money in the economy to 3000 dollars. Every student gets 500 dollars. What is the bit gonna be now for the SAME dream car? Runy @BTCCuracao @My First Bitcoin #ProofofWork

Imagine you auction your dream car. But there is only 30 dollars in the economy. Each of 6 students have 5 dollars. What is the max bit gonna be? Runy @My First Bitcoin @BTCCuracao

Great exercise lesson 5 of the My First Bitcoin Certification. I auctioned my dream car. Runy Island Wealth My First Bitcoin BTC Curacao

Island Wealth

How to install Blink Wallet on your Wordpress + Woocommerce Site? So you can sell products and services online and boost your circular economy! To receive funding and grants from your backers for your foundation and create positive social impact. Let’s Goooooo! Runy Bitcointrainingstore #BTCCuraçao @BTCCuracao This video was sponsored by @BTCCuracao

You want to sell your products and services online? Where do you start? A digital course (about vibecoading with AI)? A nostr development course? A course how to grow your reach on nostr? Food, cakes, bags.? Agriculture produce for your circular economy? Here are some videos we made, sponsored by BTC Curaçao Institute, on how to accept lightning with a Blink Wallet, on a Woocommerce + Wordpress site.

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Curaçao, a small island in the Caribbean, is aat the top 3 of the countries in the world accepting Bitcoin!!!! We are a small population and we have a high percentage of businesses accepting Bitcoin! #ProofofWork

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Proud for the work the Bitcoin Community and Family Peter Kroll is doing. Runy BTCCuraçao

“I want to pay with Bitcoin”, A student of My First Bitcoin, at Esperamos Supermarket Curaçao #BTC #Bitcoin #Curaçao #MyFirstBitcoin

My First Bitcoin transaction in a supermarket on Curaçao @My First Bitcoin Students paying for the first time for real in Esperamos Supermarket! On of the many stores on Curaçao that accept #Bitcoin We practice what we teach during the Mi Primer Bitcoin 10 weeks Education Program!!! Runy BTCCuracao

Buying goceries at Esperamos Supermarket on Curaçao with students of the My First Bitcoin Education! When you experience how easy it is you are hooked for ever! Runy BTCCuraçao Island Wealth

Students of My First Bitcoin paying with Lightning wallet at Esperamos Supermarket on Curaçao! During the lesson 2 we go shopping at a store that accepts Bitcoin. Runy BTCCuraçao #Bitcoin #Shopping #Curaçao

In the living room of the Orange House created by Family Peter Kroll, at Eden Mall on Curaçao we drink 2 Teas (2 T) with our students! We pour the Ts in our Bitcoin cups! These are not ordinary Ts! These are the two Ts of financial literacy. A balance sheet T and an earning statement T!!! You see the Ts? You need this to understand assets and liabilities. You need these Ts (teas) to taste what Fractional Banking is about. Because once you know these two Ts you know where to put your assets and your liabilities (on the balance sheet) and where to put your revenues and your expenditures, on the earnings statement. Every time you enjoy your breakfast you will now think about your Ts. I love teaching our students of My First Bitcoin about how banking works!! And by teaching I learn more! As an economist with a masters degree in economics you would expect me to know how banking works and how savings are invested. Guess what: that is not how it works. Money is created as debt out of thin air! They did not teach me that in Rotterdam!!! This is lesson 4, about Fiat Money, of the My First Bitcoin. I created a spreadsheet bank for you. Lets say you deposit 1 million dollars. Have a seat! Coffee or tea? Runy #MyFirstBitcoin #Curaçao #IslandWealth #Banking

This is my dream: a yellow porsche carerra cabrio That was my dream. Because during lesson 4 of the My First Bitcoin Education Program where we teach about the Fiat System and Fractional Banking I discussed with my students what an asset was and what a liability was. I showed them how banks use your deposits to create more debt. To create money out of nothing and why your liability is their asset. A mortgage A bank loan A credit card I had to start with assets and liabilities to show them how fractional banking works. When I discovered Bitcoin I realized that dream car is a liability. That would take money out of my pocket. Runy #IslandWealth #Curaçao