PDF/BOOK Bitcoin: A Beginner's Guide

Bitcoin: A Beginner's Guide
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Bitcoin: A Beginner's Guide
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Bitcoin: A Beginner's Guide
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COPY LINK: https://pdf.bookcenterapp.com/yumpu/0578389533 Bitcoin is your off-ramp from the
corrupt political system and protection from financial collapse. This book by bestselling author
Benjamin Hart explains how Bitcoin works, why it's secure, and why Bitcoin makes sense for a
portion of a well-diversified portfolio.Bitcoin was created by a pseudonymous computer scientist
named Satoshi Nakamoto as a way to send money securely over the internet. We still don't know
who Satoshi Nakamoto is or was. He might have been one person or a group of software
engineers and cryptographers who had been working together and sharing information on this
project for decades. Not knowing who invented Bitcoin remains one of the world's most intriguing
mysteries.The first use of Bitcoin to purchase a commercial product occurred on May 22, 2010. A
computer programmer named Laszlo Hanyecz bought two Papa John's pizzas for 10,000 bitcoins.
On that day, the value of one bitcoin was about one-third of one penny. Today, it will cost you
more than 20,000 to buy a single bitcoin. You can also buy a small fraction of a bitcoin.Bitcoin's
two most important properties are:There will never be more than 21 million bitcoins.What makes
Bitcoin different from all other cryptocurrencies is it's the most
decentralized.&quotDecntralized&quotmeans no one owns or controls Bitcoin. There is no agent
between you and who you are transacting with, no intermediary, no central authority &#8211no
bank, no credit card company, no government agency.All transactions are directly peer-to-peer.
No bank, no government agency can freeze your Bitcoin account or seize your money. Bitcoin is
governed by math and algorithmic protocols, not by people. So Bitcoin can never fall victim to
political corruption.The big problem Bitcoin solves is debasement of the money. In 1971, when the
U.S. dollar left the gold standard, one ounce of gold cost 35. Today, one ounce of gold costs
1,700. This means the dollar has lost 98% of its value since 1971 because of all the money
printing by the U.S. Federal Reserve.Bitcoin is your off-ramp from corrupt fiat money printing by
government. If all Hell breaks loose, and we have political and economic system collapse, Bitcoin
allows you to carry your life savings with you on your phone, or in your head if you can remember
a code, so you can quickly move to where civilization might still exist.Contents:What is
Bitcoin?The Big Problem Bitcoin SolvesHow Bitcoin BeganWhat is Money?The Mechanics of
BitcoinHow Bitcoin Fixes Corrupt Fiat Money PrintingIs Bitcoin a Good Investment?Is Bitcoin
Secure?Does Bitcoin Make Criminal Activity Easier?What Makes Bitcoin Valuable?Why Does
Bitcoin Have to Be Mined?Is Bitcoin Too Difficult to Change?What About Ethereum and Other
Crypto Assets?The Strange Case of Do KwonBitcoin's Structure Is What Makes It WorkWon't
Better Technology Replace Bitcoin?How the 19th Century Austrian School of Economics Provides
the Framework for BitcoinWhy Much of the World Wants to Get Out from Under the U.S. DollarBut
Aren't Rogue Regimes Using Bitcoin to Escape U.S. Sanctions? Bitcoin is Your Defense Against
Big Tech's Emerging Push-Button TotalitarianismBitcoin is an Extension of the American IdeaHow
to Start Using Bitcoin