Day 02: Proof of Work - Bitcoin Diploma Course (Cohort 3)

Topic Recap: Chapter 2 – What is Money? (Part II: The Psychology of Money)

Yesterday’s class session was an enlightening and interactive journey into the psychology of money, brilliantly led by Sharon Murugi from Btrust. Sharon guided us through key concepts that shape how humans think, use, and interact with money, diving deep into the ideas of scarcity, time preference, and trade-offs.

We explored the two main types of scarcity:

- Natural scarcity, such as gold or Bitcoin’s limited supply.

- Human-made scarcity, created through systems like fiat currency controls.

Sharon also touched on time preference, helping students understand how delayed gratification plays a huge role in personal finance and how Bitcoin encourages low time preference behavior — saving for long-term value rather than spending impulsively. The discussion on trade-offs was especially engaging, showing how every financial decision involves giving up one thing for another, highlighting the importance of informed choices.

The session was full of energy, with students actively engaging, asking meaningful questions, and reflecting on how traditional money affects our daily lives vs. Bitcoin's new model.

Here is the recap video recorded session for yesterday 👉https://drive.google.com/file/d/1sI2AvF3AIpmE4H-9hjNGA_7DBqZXZmvz/view

We sincerely thank Sharon Murugi for her commitment, time, and passion, from Chapter 1 to Chapter 2. Your insights brought clarity, depth, and inspiration to our learning journey.

We’re now ready to move forward to Chapter 3 with even more enthusiasm. Stay tuned and keep stacking knowledge like you stack sats!

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