Michael Rihani

Bitcoin

History of Money

Bitcoin 101

  • Three main features of Bitcoin:
    • Self-Sovereign
      • Trust-less based system
      • Cryptographic verification
    • Scarce
      • 21M bitcoin in total (limited supply)
    • Can’t be censored by anyone
      • Doesn’t have a single point of failure
      • Anyone in the world can participate
  • Satoshis
    • Often abbreviated to “sats”, are the atomic unit of bitcoin, named after Bitcoin’s creator, Satoshi Nakamoto. A single bitcoin represents 100 million satoshis (1 BTC = 100,000,000 sats). Thus, there will only ever be 21 million bitcoin, and there will only ever be 2.1 quadrillion sats. This feature makes bitcoin more divisible, enabling payments smaller than $0.01 at current prices.
  • One, global, internet currency
    • “The world ultimately will have a single currency; the internet will have a single currency. I personally believe that it will be bitcoin.” – Jack Dorsey, Founder of Twitter and Square
    • “I do at this point think bitcoin is a good thing, and I am a supporter of bitcoin. I think bitcoin is really on the verge of getting broad acceptance by conventional finance people.” – Elon Musk

Bitcoin Videos

Bitcoin Books

Bitcoin Resources

21 Reasons Why I’m Dedicating the Rest of My Career to Bitcoin
Tweet thread here

  1. Money is Broken
  2. P2P (Peer-to-Peer) is Broken
  3. Trusting Math
  4. Monopolies of Violence
  5. Separation of Money and State
  6. Money Printer Go Brrr
  7. Gold 2.0
  8. Double Digit Inflation
  9. Authoritarian Regimes
  10. Decentralized
  11. Lebanon
  12. El Salvador
  13. Better Bitcoin Hardware UX
  14. Better Bitcoin Software UX
  15. Banks -> Fintech -> Crypto
  16. Bitcoin Incentivizes Renewable Energy
  17. Bitcoin Twitter and the Community
  18. Run the Numbers
  19. Sats the Standard
  20. Satoshi Nakamoto
  21. Jack Dorsey

Where to Buy Bitcoin
Note: you don’t need to buy a whole bitcoin. You can buy a fraction of one bitcoin (sats).

Earn Bitcoin (US only for now)

  • Cash App (debit card): Earn bitcoin boost rewards on some purchases
  • Fold (debit card): Earn bitcoin back on every purchase
  • BlockFi (credit card): Unlimited 1.5% back in bitcoin on every purchase
  • Lolli: Earn free bitcoin when you shop online

Bitcoin Software Wallets

Bitcoin Hardware Wallets