Bitcoin Q&A: Everything You Were Too Embarrassed To Ask

"How do we know for sure that there will only ever be 21 million Bitcoin?" 🕑 TIMESTAMPS 00:00 – Intro 01:44 - How does Bitcoin really work? 11:09 - What is a Bitcoin node? 16:39 - Can nodes attack the Bitcoin network? 23:57 - Can Bitcoin's 21M supply cap change? 31:05 - What is a Bitcoin wallet, how does it work, and where to get one? 33:37 - Is Bitcoin trustless in practice? 37:01 - Are seed phrases holding back adoption? 48:17 - Will 8 billion people ever self-custody Bitcoin? 56:35 - Closing remarks 📖 EPISODE SUMMARY In this episode, I sit down with Bitcoin developer Basanta Goswami (Bull Bitcoin, Nostr) and my IIT Bombay batchmate, Chetan, for a beginner-friendly deep dive into the fundamentals of Bitcoin. Chetan asks many of the questions that newcomers have when they first encounter Bitcoin. Basanta and I do our best to answer his questions. Together, we explore how Bitcoin actually works under the hood, what decentralization really means, and what happens when people disagree about the rules of Bitcoin. Whether you're new to Bitcoin or have been around for some time, this conversation is a practical exploration of the ideas, incentives, and technology that make Bitcoin unique. If you've ever heard claims about Bitcoin and wondered, "How do we actually know that's true?", this episode is for you. --------------- Chetan is on the path to becoming a free human. Follow Chetan and his work:   / chetan_vs_thematrix   https://x.com/chetan10x   / chetan10x   Basanta is a freedom tech advocate and an early Nostr developer. Currently, he is working to make Bull Bitcoin the best mobile Bitcoin wallet. Follow Basanta and his work: Twitter/X: https://x.com/Basanta_Goswami Nostr: npub1gmm2ehusvs35zgh6pq84m8hkj4ea0ygy3c9j2e3slzhjjce3kmns5tdaz2 Projects: https://unsigned.in IRL events: https://luma.com/unsigned 🤝 PARTNERS Bitshala Bitshala is a grassroots education initiative to help Indian developers learn Bitcoin the right way, contribute to open-source projects, and build credibility within the broader Bitcoin ecosystem. Learn more about Bitshala's paid fellowship: https://bitshala.org/ GetBit Start your Bitcoin SIP with just ₹100 using GetBit: https://www.getbit.in/#/?referral=DVJBTC Use my referral code “DVJBTC” for 30% off on platform fees for 3 months! 🔔 SUBSCRIBE TO GET NOTIFIED YouTube:    / @thebitcoindialectic   Twitter/X: https://x.com/Digvijay_BTC Instagram:   / the.bitcoin.dialectic   Spotify: https://open.spotify.com/show/2XsAkrW... ℹ️ ABOUT ‘THE BITCOIN DIALECTIC’ Bitcoin is the most radical monetary experiment in centuries. No one knows how it will play out. And yet, Bitcoin discourse often behaves like a courtroom where the verdict has already been decided. You’re either a believer or a skeptic. There's very little space left for intellectual uncertainty. This podcast creates that space. No cheerleading. No dismissal. Just rigorous, adversarial curiosity. My goal is to help you understand the future of money by stress-testing the ideas shaping it. The Socratic Method, applied to Bitcoin. Questions or thoughts? Drop a comment, and I’ll get back to you! Recorded on: 31/05/2026 #bitcoinexplained #bitcoin #blockchain #decentralization #proofofwork