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TABLE OF CONTENTS
INTRODUCTION
MEANINGS AND VALUES
Measuring value
Value of information
Combining concepts
THE BEST MONEY ALWAYS WINS
Acceptance of BITCOIN
Security
Possible problems
COMMON TERMS
Blockchain
Halving
Bitcoin Block
Mining
Bitcoin or Ethereum?
Lightning Network
White Paper
Visa or Bitcoin?
A LOOK AT BITCOIN FROM DIFFERENT ANGLES
Economic Rationale
Economic necessity
Philosophical Rationale
Decentralization
Censorship resistance
Individuality
Voluntariness
Moral justification
Warriors, not corrupt opportunists
BITCOIN AS THE GREAT DE-FINANCIALIZATION
Toxic Heroes
Time and Waste
Countries with Bitcoin
Cryptocurrency Taxes
LIFE AS IT IS
WHAT THE FUTURE HOLDS
Buying Bitcoin
Storage
Bitcoin Inheritance
Bitcoin – The State
MISSED OPPORTUNITIES
CONCLUSION
CRYPTO – DICTIONARY
RECOMMENDED LITERATURE
The end
The person who would want to appropriate the name of the creator of Bitcoin in a court of law has nothing to do with it. Otherwise, he would have just written this book. The best thing you can do for an asset you believe in is to widen the circle of people who can appreciate it.
I don’t claim to be a writer of the year. For a very long time, I have been a «knowledge gleaner» like you. Gathering information, data, and experience, I had a lot of «bumps» — all this formed a complete picture of the world called «All about Bitcoin in simple words.» And now, without exaggeration, I can be called a lucky man reaping the fruits of my hard work. I am ready to share this information and experience with you generously. And, perhaps, you may be surprised, but in this field, generosity returns a hundredfold. It is not enough to find gold and fill your coffers with it. It is essential for as many people around you as possible to also realize the genuine value of that gold.
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The total global value of gold is just over $12 trillion, and silver is worth about $1 trillion. I believe this is favorable for bitcoin, which currently has a market capitalization of about $433 billion. For a digital asset to have the same value as silver, each bitcoin must be valued at $60k, which it has reached before and will likely reach again.
For BTC to become as valuable as gold, it would have to trade for a staggering 630 thousand dollars, which is not the best option if we want to have time to stockpile this valuable resource (Fig.10).
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