History of Money
- 1800s: The Gold Standard
- 1933: The Great Depression
- 1944: Bretton Woods Agreement
- 1971: End of the Gold Standard
- Today: The Fiat Standard
- Future: The Bitcoin Standard
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
- Self-Sovereign
- 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
- The reason bitcoin is magical by Michael Saylor (2 min)
- Steve Wozniak, Apple co-founder, explains why to invest in bitcoin and not other coins (1 min)
- Bitcoin explained by a 3-year-old (2 min)
- Cartoon: What is bitcoin (3 min)
- Bitcoin is protecting human rights around the world (5 min)
- Wences Casares explains Bitcoin (14 min)
- Cryptopia: Bitcoin, Blockchains, and the Future of the Internet (1.5-hour documentary on Amazon Prime Video)
Bitcoin Books
- The Bitcoin Standard: The Decentralized Alternative to Central Banking ($12)
- The Bullish Case for Bitcoin ($21)
- 21 Lessons: What I’ve Learned from Falling Down the Bitcoin Rabbit Hole (Free online or $13 paperback)
- The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future ($12)
- Check Your Financial Privilege ($29)
- Bitcoin & Black America ($27)
- Bitcoin Money: A Tale of Bitville Discovering Good Money ($12 children’s book)
Bitcoin Resources
- Bitcoin whitepaper (9-page PDF)
- Bitcoin facts you need to know
- Bitcoin Twitter accounts to follow
- Dollar cost averaging bitcoin
- Bitcoin fear and greed index
- Bitcoin rainbow chart
- Bitcoin learning center
- Bitcoin glossary
- Bitcoin for everybody (free, 12-hour course)
- The Bitcoin Exam (50 questions to assess your understanding of Bitcoin)
Bitcoin Conferences
- Bitcoin Amsterdam – Oct 12-14, 2022
- Adopting Bitcoin in El Salvador – Nov 15-17, 2022
- Africa Bitcoin Conference in Ghana – Dec 5-7, 2022
- Bitcoin 2023 in Miami – May 18-20, 2023
- Oslo Freedom Forum – Jun 13-15, 2023
21 Reasons Why I’m Dedicating the Rest of My Career to Bitcoin
Tweet thread here
- Money is Broken
- P2P (Peer-to-Peer) is Broken
- Trusting Math
- Monopolies of Violence
- Separation of Money and State
- Money Printer Go Brrr
- Gold 2.0
- Double Digit Inflation
- Authoritarian Regimes
- Decentralized
- Lebanon
- El Salvador
- Better Bitcoin Hardware UX
- Better Bitcoin Software UX
- Banks -> Fintech -> Crypto
- Bitcoin Incentivizes Renewable Energy
- Bitcoin Twitter and the Community
- Run the Numbers
- Sats the Standard
- Satoshi Nakamoto
- 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).
- US: Cash App, River, Strike, Fold, Swan, Robinhood, Coinbase
- Canada: Bull Bitcoin, Gemini, Coinbase
- Europe: Coinbase, Gemini, Kraken, Bitstamp
- Latin America: Bitso, Ripio
- APAC: Binance, Paxful
- Africa: YellowCard
- Australia: Bitaroo
- South Korea: GOPAX
- Hong Kong: RightBTC
- Japan: bitFlyer
- Singapore: Luno
- Indonesia: Pintu, Bitcoin.co.id
- Vietnam: BitcoinVN
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
- Lolli – Earn bitcoin when you shop online
- THNDR Games – Earn bitcoin by playing games like Solitaire, Snake, and more
Bitcoin Software Wallets
Bitcoin Hardware Wallets
Bitcoin and Lightning Nodes
- Umbrel – build and assembly your own with a Raspberry Pi (~$279)
- The Bitcoin Machine – no assembly required, plug and play ready ($429)