Proof of Work for the My First Bitcoin project of BTC Curaçao Institute.
In lesson 4 of the curriculum we talked about Fiat money.
I continued with the Kura Piedra Bank (Stone Fence Bank), an imaginary bank I created in lesson 3.
I showed how this bank can create 9 times its loan deposits in credit.
A multiplier of 9. And if the hovernment decides to lower the fractional reserve requirement to 5% the bank can become more fragile by going 19X.
Our students enjoyed this activity.
My First Bitcoin is action based. Every lesson we start with a practical excersise.
And students ask questions and we explain the topic at hand.
I will open source this spreadsheet so you can make your own simulations like our Kura Piedra Bank.
Check the github of My First Bitcoin, the Curaçao repository.
And if you are on Curaçao make sure you apply to join the next cohort.
Runy
#myfirstbitcoin
#curaçao
#bitcoin
nostr:npub17cyatz6z2dzcw6xehtcm9z45m76lde5smxdmyasvs00r4pqv863qrs4ml3
https://blossom.primal.net/7786c0f69713f88add33e95fd888f1bb74207eda3d65adf70ce1349f57ba11ea.mp4