Bitcoin Resource Hub
For many, their first foray into Bitcoin is triggered by seeing Bitcoin’s price as it goes up fast, and wondering how they can make money off of it. This is a major draw for most people, as it should be. But there is much more to the Bitcoin story than it just being a volatile investment that can make you money.
The story, or mythology, of Bitcoin is fascinating as it was built on the heels of the financial crisis of 2008 and in response to the fractional reserve banking system where banks only hold a fraction of the money they take in from customers, and lend out the rest. By creating an electronic currency that relies on cryptography and allows for peer to peer transactions without an intermediary such as a bank, it creates a decentralized currency system where you are in control of your own money. By programming this currency to only have a finite amount with a set release schedule of the remaining Bitcoin, it ensures that Bitcoin is deflationary and that more can’t be created, unlike say, the US dollar.
Before jumping in any further it’s worth recommending that you actually read the Bitcoin whitepaper, written by an unknown creator going by the pen name of “Satoshi Nakamoto”, which is only 9 pages in length and serves as the founding document of Bitcoin as a digital asset. If you read it and are interested in further commentary, there is a version with annotations that is helpful.
The purpose of this page is to provide an up to date resource hub for Bitcoin related resources so make sure to check back for the latest.
Latest Bitcoin News & Resources:
- MicroStrategy raising $400M to buy more Bitcoin – Citi Downgrades
- BlackRock CIO: I think Bitcoin will take the place of Gold Joins growing list of crypto bullish institutional investors
- Bitcoin mining operations growing steadily among institutions
- What Biden means for Bitcoin
- Wyoming Senator-elect ready to bring support for Bitcoin to Congress
Technical Bitcoin Concepts:
What are Hash Functions – 2020
What is Bitcoin Mining? – 2020
Bitcoin Investment Thesis:
Bitcoin Trading Resources:
Spotting Major Bitcoin Tops – 2020