I often find myself in the difficult situation of answering this question:
"I heard about this Bitcoin thing, how can I buy it?"
Well, I don't like taking unnecessary risks, and buying bitcoin without knowing anything about it is, like every other "investment without knowledge" a golden path to losing your money.
So I want my mom/average Joe to have a basic understanding of what bitcoin is, before even thinking about buying some.
The problem that explaining Bitcoin is difficult; bitcoin is at Crossroad of cryptography, Economic and Monetary Theory, Game Theory, Computer Networking and data transmission. Having a knowledge on one of this fields not only is difficult, but also bias you explanation, and this might screw up the process.(if I know more about Cryptography, I would weight more this aspect, but It's not a guarantee this is the one would trigger my counterpart).
So here I want to post a collection of 5 resources (articles, videos, twitter account, portals, you name it) where to head my potential investors.
This is the list.
My idea is to constantly update it as new materials comes online and according to your suggestions:
- Lopp.net Bitcoin Information & Resources
A collection of resources about Bitcoin, from the basic reading (white Paper) to more advanced and very technical ones, both written articles and videos/animations from Jameson Lopp, Professional Cypherpunk (pls note Cypherpunk, not Cyberpunk)
- Bitcoin for Beginners
A playlist of introductory videos from Andreas Antonopoulos, covering different aspect of Bitcoin, what is it, how to buy, where and how to store it...
- Modeling Bitcoin's Value with Scarcity
A Basic, simple and yet fascinating model to value Bitcoin. Not financial advice.
- The Bitcoin Standard: The Decentralized Alternative to Central Banking
A fascinating read, totally non technical and not directly related to Bitcoin: if you dont fall in love with Bitcoin after reading this, you never will.
While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.
- BitcoinTalk.org Forum
It might be a little circular reference here, but I think once you dwell into the previous 4 resources you are ready to dive into the Rabbit Hole [WARNING! TIME SINK!].
Here a collection of other resources, randomly ordered, that came up as suggestion in the comments below:
- Bitcoin for beginners
- Bitcoin and Blockchain Technology: Economics and Environmental Sustainability
An introductory Video By F.Ametrano, explaining why Bitcoin is digital Gold.
- The Internet of Money
A collection of Talks by Andreas Antonopoulos
- The Bullish Case for Bitcoin
As Bitcoin Twitter account describes it:
Essential text for beginners to understand why Bitcoin matters by @real_vija
- Binance Academy
A collection of clearly explained videos and article for beginners in order to better understand all the concept around cryptocurrencies and trading.
- Bitcoin for safety
A compelling read on why Bitcoin matters in a time of negative interest rates, QE and bubble of everything.
- Dear Family, Dear Friends, A letter to all of you who still have no bitcoin.
I am writing this letter because I am convinced of two things: (1) our current money is fundamentally broken (2) using superior money will benefit you in particular and society in general in the long run.
- The Dos and Don'ts of Bitcoin Key Management
Bitcoin provides users with an incredibly high level of sovereignty over their money. You may have heard the phrase "be your own bank" which does a good job describing the power that Bitcoin enables its users to wield. The flip side is that being your own bank comes with a lot of responsibility. The same features that make Bitcoin so valuable (permissionlessness, censorship resistance, seizure resistance, etc.), also make it attractive to malicious actors. These malicious actors have come up with a wide variety of traps to fool bitcoin users into parting with their money, making bitcoin more challenging to use safely. The internet is a dangerous place, but we have the tools to protect ourselves!
So, I want your help!
This post is eligible for my project:
I am a strong believer in the utility of local boards.
I am lucky enough to be able to express myself in at least a couple of languages, but I know this is not the case for everyone.
A lot of users post only in the local boards because of a variety of reasons either language or cultural barriers, lack of interest or whatever other reason.
I personally know a lot of very good users (from the italian sections mainly, for obvious reason) who doesn't post in the international sections.
I think all those users they are missing a lot of good contents posted on the international (english) section or on other boards.
If you think you can help here, just visit the thread!