The Steady Block @TheSteadyBlock
Bitcoin, explained calmly. Short cartoons, one idea at a time. New episode every Sunday. Educational only, not financial advice. thesteadyblock.com United States Joined October 2026-
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Transcript, sources and an interactive version: thesteadyblock.com/episodes/21-mi… Teachers: a lesson plan and quiz are at thesteadyblock.com/teachers/ Educational only, not financial advice.
Every 210,000 blocks the reward for adding a block is halved: 50, 25, 12.5, 6.25, and 3.125 since April 2024. Add it all up and the total flattens just under 21 million. Full episode: youtu.be/0Wc7RhI1vqI
A jar marked 21,000,000, and a reward that gets cut in half every four years. Why can there never be more than 21 million bitcoin? 🧵
Full episode: What Is a Blockchain? The Notebook Thousands Keep youtu.be/u1CifMOqDs8 More at TheSteadyBlock.com
Can anyone rewrite the blockchain? Change one old page and its code stops matching the next, and tens of thousands of computers holding copies reject the odd one out. #bitcoin
Full episode: Why Can’t You Copy and Paste Money? Double Spending youtu.be/q4WN_rzUDW8 More at TheSteadyBlock.com
How do banks stop double spending? They keep the record and mark money as spent. It works, but everything rests on one record keeper. #bitcoin
What does a bitcoin miner actually do? Picture rolling a giant die, needing a tiny number. Myth: miners solve hard math problems. Fact: they guess, over and over, until one code lands below a target. No shortcut, and anyone can check the winner in an instant.
Full episode: What Is Mining? Bitcoin’s Guessing Lottery youtu.be/KZyyHdvOkUI More at TheSteadyBlock.com
How does bitcoin mining work? Miners turn a page of payments plus a guess into a code, and keep guessing until one lands below a target. Steady shows the lottery in 30 seconds. #bitcoin
Transcript, sourced numbers and an interactive version: thesteadyblock.com/episodes/what-… Educational only, not financial advice.
Miners keep guessing until one code lands below a target. The winner adds the page and earns new bitcoin, and redoing all that work is what makes old pages so hard to change. Watch on YouTube: youtu.be/KZyyHdvOkUI
Who writes the next page of bitcoin's record? There's no boss to pick. Computers play a guessing lottery instead. Episode 4 of Bitcoin Basics: what mining is, in about 100 seconds. 🧵
Full episode: What Makes Money Money? 3 Jobs and a Lot of Trust youtu.be/wVmAde9uIZk More at TheSteadyBlock.com
What did people use as money before dollars? Steady walks through cowrie shells, gold and silver coins, then paper notes: 3,000 years of money in under 30 seconds. #BitcoinBasics
Line up ten US dollars. How many are cash you could hold? Steady’s number: about 1. In August 2026, $2.39 trillion of the $23.34 trillion US money supply (M2) was cash, per the Federal Reserve. The rest are numbers in bank accounts. What would you have guessed?
Full episode: What Is a Blockchain? The Notebook Thousands Keep youtu.be/u1CifMOqDs8 More at TheSteadyBlock.com
What makes a blockchain a chain? Each new page starts with a code made from the page before it, so every page is glued to the last, all the way back to January 2009. #bitcoin
Full episode: Why Can’t You Copy and Paste Money? Double Spending youtu.be/q4WN_rzUDW8 More at TheSteadyBlock.com
Why can’t you copy and paste digital money? Steady copies a digital coin, pays two shops with the same one, and shows why that’s called double spending. #bitcoin
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