Читать книгу Bitcoin, Blockchain & Co. - Joe Martin - Страница 8

Having a basic understanding is helpful and necessary

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To understand what this means for us all, it is first necessary to understand the basics of the technology and the concepts it is built on. That is what I will explain in this book.

Compare it to the time you were learning to drive. You learned the highway code, the rules of traffic, and the basics of how the car works. The driving instructor explained how some cars need diesel fuel and others need petrol. Some cars have a manual transmission and others have an automatic. You also learned how to calculate braking distances so you don’t drive too fast and can stop safely. A little theory was needed before you could get moving in practice.

You really didn’t need to know how engine management software is written or what material the drive shaft is made of to drive a car from A to B. Similarly, you do not need to know exactly how the software works to understand the crypto world. However, you do have to know the signs so that you don’t end up in a cul-de-sac or drive the wrong way up a one-way street. In the first instance, you get stuck. In the second, you could end in an accident. Both scenarios are unpleasant, potentially dangerous, and completely avoidable.

It is the same in the crypto world. You can easily get yourself stuck in a dead end or run yourself right into a fraud, which amounts to an accident. In this book, you will learn the signs and how you must act in “crypto-traffic” to ensure you get where you want to go safely.

If you master the basic rules, you will be able to trade faster and more independently with cryptocurrencies. You can use the skills you have learned for your own needs, or you can join a blockchain company or movement. In any case, you will be the one in the driver’s seat at all times. You will also learn how to earn money with Bitcoin, how you can save, and how you can perhaps make yourself independent of the pension system, which can no longer be financed anyway.

The first part of this book explains how Bitcoin works, what different types of blockchain there are, how you can trade or set up a savings plan with Bitcoin, what other cryptocurrencies exist, and how you can invest in new business models and make good profits in these currencies. The goal of the first section is to give you a thorough framework of understanding for the fundamentals of cryptocurrency.

In the second part, we dive into the dangers and potential pitfalls of the crypto world. We’ll discover how you can lose a lot of money, be taken in by fraudsters, and the incorrect ways to set yourself up that will inevitably lead to losing your Bitcoin or other cryptocurrencies. The goal of the second section is to make sure you’re aware of the dangers so you don’t fall victim to them.

The two halves of this book are essential and inextricably linked. You should study the first section diligently so that the misfortunes described in the second section do not befall you.

After you have mastered the basic procedures and techniques, you will understand and value what it means to know the truth in relevant areas of our life, because it is anchored always and forever in the public blockchain. You will recognize the potential danger of the massive changes that will occur for you, your company, or your industry as crypto shakes things up. And with your knowledge and understanding of blockchain, you will be able to act accordingly. You will understand and be able to see what is coming. You can prepare, position yourself to capitalize on these shifts and set yourself up for success.

That is why I have written this book—so that you are not caught by surprise when the new wave of automation inevitably hits. Because one thing is sure: the world is about to change in a huge way. The data which we will soon be relying on will make millions of jobs redundant. At the same time, it will enable and encourage completely new business models. Be prepared. Be on board.

Chapter 2 — The Truth and Nothing but the Truth:

Bitcoin, Blockchain & Co.

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