People always say, "study bitcoin", but no one actually tells you what that means...

So here's an outline of topics to get you started.

#Bitcoin     Study Guide:

-> Learn the basic concepts of what money is: fiat currency, medium of exchange, store of value, debt, inflation. Watching short videos works.

-> Investigate the history of money (including the Roman Empire, Argentina, Venezuela, etc). This will help paint a bigger picture of reoccurring problems with fiat and the importance of scarcity.

-> Decentralized vs. Centralized

-> Understand how a decentralized blockchain is useful to solve the problems of fiat. (Yes, the word blockchain is scary but you don't have to know the details, just understand the basic concept).

-> How a bitcoin solves the Byzantine Generals' Problem.

-> Read the bitcoin whitepaper (focus on the concepts)

-> Learn the difference between Proof of Work and Proof of Stake.

-> Importance of 21M Bitcoins, the block cycle halving, miners, and nodes

-> Wallets, private keys, addresses, UTXOs

-> More technical: BIP-39, Sha-256, hash functions

It's important to do your own research and study bitcoin    from different resources.

Feel free to post your favorite topic/resource below.

#BTC $BTC