4. Glossary
• Ledger - list of transactions
• Blockchain Technology - a decentralized, trustless ledger, on which only
additional can be made, hence the ledger history CANNOT be changed. All
computers on the blockchain have the ledger.
• Cryptocurrency - a virtual currency that uses encryption to prevent “double
spending”
• Bitcoin - a peer-to-peer electronic cash system that is de
fl
ationary, with a
fi
nite
amount
• Fiat Money
6. What is Money?
“Money is a commodity accepted by general consent as a medium of
economic exchange. It is the medium in which prices and values are
expressed. It circulates from person to person, facilitating trade, and it is the
principal measure of wealth.” - Britannica
7. What is Money?
According to the IMF, money can be anything that can serve as
• Store if value which means people can save it and use it later - smoothing their
purchases over time;
• Unit of account, that is, provide a common base for prices
• Medium of exchange, something that people can use to buy and sell from one
another
8. What Makes a Good Medium of Exchange?
• Durability
• Transportability
• Divisibility
• Fungibility
• Non-counterfeit ability
12. What is Bitcoin?
• Bitcoin, the online, digital currency
• Bitcoin is an innovative payment network and a new kind of
money
• Bitcoin uses peer-to-peer technology to operate with no
central authority or banks
• Bitcoin is open-source; its design is public ,nobody owns or
controls
14. Transactions on the Bitcoin blockchain
• Irreversible by design
• Fast. Funds received are available for
spending within minutes
• Cost very little, especially compared to
other payment networks
17. Bitcoin Advantages
• Anonymity (Protecting purchasing power)
• Solves Double Spend Problem (E
ffi
ciency of transaction)
• Transparency (Open source, peer-reviewed)
• Mining by Users (Self-su
ffi
cient)
• Scarcity (only 21 Million Coins, making in
fl
ation impossible)
• Divisible (One bitcoin can be divided in 100,000,000 Satoshis)
• Ease of Use (Timely, easy, etc.)
39. Additional Resources: Books
• Mastering Bitcoin, Andreas Antonopoulos
• The Bitcoin Standard, Saifedean Ammous
• Blockchain Revolution, Don and Alex Tapscott
• Cryptoassets, Chris Burniske and Jack Tatar
• Digital Gold, Nathaniel Popper
40. Additional Resources: Short Videos
• What is Bitcoin
• Bitcoin Explained and Made Simple
• Blockchain Explained
• How Cryptocurrencies Work
41. Additional Resources: Longer Videos
• Ted Talk with Xapo Casares
• Bitcoin by Andreas Antonopoulos
• The End of Money As We Know It
43. Additional Resources: Youtube Channels
• Fundamental Analysis: Raoul Paul at Real Vision
• Cryptocurrency Long-Term Analysis: Benjamin Cowen
• Technical Analysis: Be very careful! Crypto Jebb; Crypto Wendy; Crypto
Michael
• Altcoin Gems: Altcoin Daily ; EllioTrades
• En francais: Hasheur
44. Additional Resources: Media
• Coin Prices: Coingecko
• Analysis: Coindesk, Forkast, Decrypt, The block crypto
• News: Bitcoin Magazine, Crypto Potato, Coin Telegraph, cryptonews.net
• En Francais: journalducoin
45. Additional Resources: Tools
• Most used Wallet: Metamask.io
• Coin Prices: Coingecko
• Transaction Tracking: blockchain.com ; ethscan.io