learningbtc.com is about getting you up to speed with understanding
money, austrian economics and how bitcoin applies.
What can bitcoin do for me?
Save for the future
Bitcoin can change the way you think about money, economics and how to
deal with the future.
The two most scarce assets are bitcoin and gold. Bitcoin is programmed
to increase in scarcity over time. Around the year 2028 it will be
more scarce than gold.
Because bitcoin increases in value over time, and
paper money does the opposite, you can start saving for the future. In
short, it is a better money.
Instead of consuming, you would think twice before spending your
You can receive bitcoin in a bitcoin wallet, just like you can receive
money in an online banking account. The difference is if you have
bitcoins in a Bitcoin wallet (on your phone, or device), they are
The money in your banking account isn't yours if the
bank can deny you access.
With a bitcoin wallet you are your own bank. Nobody,
no government, (central) bank, VISA, PayPal or other trusted third
party can confiscate your wallet or stop you from sending/receiving
What can bitcoin do for others?
View "Universal Access to Basic Finance" by Andreas M:Antonopoulos 22 min. video
I want to understand bitcoin. Where do I start?
Start by understanding money and (Austrian) economics first and
If you want a shorter introduction, listen to the podcast
Bitcoin In One Lesson
on the What Bitcoin Did podcast. It's a summary of 17 episodes from
The Beginner's Guide to Bitcoin series summarized into 1 episode.
Difference in the dollar (inflation) and bitcoin (deflation).
Uneven distribution of inflation; tech (television, software,
phones) vs regulated areas by the state (healthcare, education).
Austrian Economics versus Mainstream Economics
Understanding Austrian economics may help to get a better
understanding of Bitcoin. 21 min. video
Banking is a cartel, we just don't call it that
2 min. video
Jeff Deist, president of the Mises institute, on the Stephan
43 min. audio
Godfrey Bloom in European Parliament on unethical monetary policy
from central banks and politicians
2 min. video
Why You've Never Heard of the Great Depression of 1920 | Thomas
E. Woods, Jr.
49 min. video
Peter Zeihan Explains The Geopolitical Landscape - Pomp
The Beginner’s Guide to Bitcoin Part 11: Bitcoin and the
Macroeconomy with Travis Kling - What Bitcoin Did Podcast
The Difference Between Austrians and Everyone Else — In One Easy
The total supply of gold can't be verified, while the total supply of Bitcoin can be verified.
The Bitcoin Standard
Describes in detail among others what money is, the economic,
social, culturual and political benefits of Bitcoin over fiat
43 min. video
The Great Credit Contraction
Trace Mayer. Book is
available as a free PDF on the website.
Bitcoin is a multifaceted cross-disciplinary system that is difficult
to understand. It takes time to understand the economics and
technology behind it. That is something that doesn't happen overnight.
It's reinforced and strengthened over time by listening to smart
people in the space giving different perspectives.
In it's essence, it's about empowering the individual.
1 BTC will always be 1 / 21M of the total supply.
No other form of money can claim this, whether that is fiat,
gold, clam shells, you name it.
"Bitcoin is used by criminals"
- Banks launder over $2T a year
"Bitcoin is wasteful"
- 70% of mining is renewable
"Bitcoin is too volatile"
- It's made a higher low each year
"Bitcoin isn't regulated"
- It's regulated by math and code
They have narratives, we have facts.
Outsider view: "You Bitcoiners are just pumping your own bag,
why should I buy it?"
Bitcoiner view: "We're building a parallel financial & monetary
system to exit the failures of the govt fiat system."
The twin pillars of #Bitcoin's value proposition:
1. Bitcoin makes it possible to secure and transport your wealth
without anyone's permission.
2. Your wealth cannot be debased.
Everything else is noise.
Bitcoin is emerging as a decentralized, politically neutral,
free-market alternative to national central banks, with
potentially enormous implications for individual freedom and
Your account balance is just an IOU from your bank.
Your dollar bill is just an IOU from your government.
Your bitcoin address is a guarantee, verified by YOU.
Owning bitcoin is true financial freedom.
A way for you to store some of your earnings for the very long
term without needing constant active management, investment
expertise, trusting agents & financial planners, or recurring
The real question is who, or what you trust more:
Politicians or the mathematical framework that is bitcoin.
When you have a better understanding of what money is and bitcoin is
and what it can and could accomplish, then you can decide if you
want to store value in it
Watch out for scams
When you're looking for information regarding bitcoin, downloading a
mobile/desktop app or buying a hardware wallet, always assume it can
be a scam. Verify first.
The site bitcoin.com would many new comers have believe is for
bitcoin, but it is for bitcoin cash, a copy of bitcoin with a
different set of rules. The site bitcoin.org is for bitcoin.
Please don't trust me. I'm merely a tool in your own quest for
My aim is to help you but I demand you do your own due diligence.
Read. Read a lot. Discuss & argue. Test your ideas on others.
Understand what you're investing in. Please.
Twitter is a great place to follow a lot of interesting people. Here
is a small list of trusted people in the bitcoin space. Create a
Twitter account and see who you'd like to follow on Twitter:
You don't have to post anything, you can also just read Twitter posts.
At Hive.one you can also find a
list of trusted people to follow.
Trusted third parties can't be trusted
Third parties can't be trusted.
How can I buy and receive bitcoins?
Beginners guide to buying & receiving bitcoins.