What is Bitcoin? Bitcoin Explained Simply – YouTube Dictation Transcript & Vocabulary
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Interactive Transcript & Highlights for Dictation
1. to 99Bitcoins.com
2.I'm Nate Martin and I'll be your guide through this video series Bitcoin Whiteboard Tuesday
3.We're going to cover a lot of topics such as Bitcoin mining, Bitcoin wallets, how to trade Bitcoin and a lot more
4.Today we're going to start from scratch and answer the third most term on Google today, what is Bitcoin
5.If you’re worried that we’re going to get too technical and use a lot of complicated words, don’t
💡 Tap the highlighted words to see definitions and examples
Key Vocabulary (CEFR B2)
drawbacks
B1A disadvantage; something that detracts or takes away.
Example:
"Fiat money has two main drawbacks: "
confusing
B1To puzzle, perplex, baffle, bewilder (somebody).
Example:
"but what does this confusing phrase even really mean?"
governments
B2The body with the power to make and/or enforce laws to control a country, land area, people or organization.
Example:
"governments told their people that "
suggested
B1To imply but stop short of saying explicitly.
Example:
"suggested a way of creating a system "
searched
B1To look in (a place) for something.
Example:
"and answer the third most searched term on Google today, what is Bitcoin?"
limited
B1To restrict; not to allow to go beyond a certain bound, to set boundaries.
Example:
"And two, it is not limited by quantity: "
quantity
B2A fundamental, generic term used when referring to the measurement (count, amount) of a scalar, vector, number of items or to some other way of denominating the value of a collection or group of items.
Example:
"And two, it is not limited by quantity: "
creates
B1To bring into existence; (sometimes in particular:)
Example:
"you’re giving them enormous power and this creates three major issues:"
enormous
B1Deviating from the norm; unusual, extraordinary.
Example:
"you’re giving them enormous power and this creates three major issues:"
welcome
B1The act of greeting someone’s arrival, especially by saying "Welcome!"; reception.
Example:
"Welcome to 99Bitcoins.com."
| Word | CEFR | Definition |
|---|---|---|
| drawbacks | B1 | A disadvantage; something that detracts or takes away. |
| confusing | B1 | To puzzle, perplex, baffle, bewilder (somebody). |
| governments | B2 | The body with the power to make and/or enforce laws to control a country, land area, people or organization. |
| suggested | B1 | To imply but stop short of saying explicitly. |
| searched | B1 | To look in (a place) for something. |
| limited | B1 | To restrict; not to allow to go beyond a certain bound, to set boundaries. |
| quantity | B2 | A fundamental, generic term used when referring to the measurement (count, amount) of a scalar, vector, number of items or to some other way of denominating the value of a collection or group of items. |
| creates | B1 | To bring into existence; (sometimes in particular:) |
| enormous | B1 | Deviating from the norm; unusual, extraordinary. |
| welcome | B1 | The act of greeting someone’s arrival, especially by saying "Welcome!"; reception. |
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