Bitcoin for Beginners

Summary

Bitcoin is the invention of the 21st century? Really?  Well, Bitcoin is using Elliptic Curve Cryptography to participate in a discrete logarithm problem while uses SHA-256 hashing algorithm and ASCII encoding (plus many more technologies combined).  Yet, some people refers to Bitcoin as a dead currency, a scam, a stock, a pyramid scheme or even a bubble, so why would you be interested hearing about it, correct?  Well, Bitcoin is portable, durable, recognizable, fungible, scarce, hard to counterfeit and its supply is guaranteed to be stable. You might call it money, currency, cryptocurrency, medium of exchange, store of value, software, application, payment system, peer-to-peer network, decentralized system, borderless money, internet money, distributed ledger system, bank in your pocket, a chain of transactions, a chain of blocks, blockchain, trusted money, electronic cash, money of the internet or money of the people. And to understand why one might describe Bitcoin for any of the above mentioned; this easy to follow beginners guide will help you comprehend in no time!  After listening to this book, you will be able to explain to your friends, family members or to anyone what Bitcoin really is, in plain English!  Buy this book now and get started today!  You will learn:  Why Bitcoin is called cryptocurrency  Defining medium of exchange  Trusted third parties and quantitative easing  Double spending problem and it's solution  The revolution of crypto and digital cash  Centralization and decentralization  The rise of the cypherpunks  What is the distributed ledger system  How transactions are validated  Bitcoin mining fundamentals  Block reward process  Block validation process  Transaction fees  Supply and demand  Network effects and BTMs  Market manipulation and price predictions  The best time to buy bitcoins The worse time to buy bitcoins Why would you use Bitcoin Why Bitcoin is not dead  Why Bitcoin is not a scam  Why Bitcoin is not a bubble  Why Bitcoin is not a stock  Why Bitcoin is not a pyramid scheme, and more....  Buy this book now and get started today! 

©2020 Boris Weiser (P)2020 Boris Weiser