Go back to bitcoin journey map
“We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins made from digital signatures, which provides strong control of ownership, but is incomplete without a way to prevent double-spending. To solve this, we proposed a peer-to-peer network using proof-of-work to record a public history of transactions that quickly becomes computationally impractical for an attacker to change if honest nodes control a majority of CPU power.” – Satoshi Nakamoto
Bitcoin, Not Blockchain
Parker Lewis has a very comprehensive series of blogs about Bitcoin, “Gradually, Then Suddenly”. It is highly recommended to start with this blog about the Bitcoin introduction and then “gradually” go through the series to develop a solid understanding of bitcoin.
Why Bitcoin Is Different
As a beginner, it is very easy to get confused and get lost in the Bitcoin vs shitcoins jungle. You need to build a good understanding of various concepts and ideas related to bitcoin so that you can filter through the noise and identify the signal. Sam Callahan has written this two-part blog just to help you understand some of the important attributes of Bitcoin which make it different. Why Bitcoin is Different (Part 2)
Read through this blog to learn from Gigi’s journey from shitcoins to Bitcoin.
Gigi has written a beautiful book, 21 Lessons, where he shared his deeper “Philosophical, Economics, and Technological” thoughts about Bitcoin
The Bitcoin Standard: The Decentralized Alternative to Central Banking
“This book blew my mind; it is a work of genius. It put together the technical, economic, motivational and related issues around Bitcoin better than anything I’ve seen. The best compliment I can give this book is that I read it and I decided to buy $425m of bitcoin. It was the most impactful on our way of thinking in Microstrategy and it made us want to invert our balance sheet to base it on a bitcoin standard.” ―Michael Saylor, co-founder, chairman, and CEO of Microstrategy
An enjoyable exploration of Bitcoin by Dr. Saifedean Ammous.
The Fiat Standard: The Debt Slavery Alternative to Human Civilization
“Saifedean’s penetrating insight is to explain the operation of fiat by analogy to the operation of bitcoin. In this context, we can think of fiat as a digital currency, like an altcoin, defining its qualities and characteristics and its strengths and weaknesses. Whereas The Bitcoin Standard‘s analytical framework centered around assessing salability across time, and how it explains the monetary rise of gold and bitcoin, in The Fiat Standard, Saifedean uses the framework of salability across space to explain the rise of fiat and how it replaced gold. Far from a one-sided attack on fiat, The Fiat Standard illustrates and explains the advantages that made fiat’s global adoption possible. This framework in turn forms the basis for assessing bitcoin’s rise in a fiat world, its security model, and chances of continued success.” – from the Foreword by Ross Stevens