Blog Archives

Education 12 – Multi-Sig

Multi-Sig

I have mentioned multi-signature wallets and transactions in several articles on my site. Although I’ve mentioned what they are and how they work I have yet to do so in anything more than a passing reference. I’d like to take the opportunity to explore this concept a bit more in depth and hopefully shed a little more light on the subject.

Read more ›

Posted in Education


Education 11 – Different Versions Of Bitcoin

Different Versions Of Bitcoin

There has been a lot of talk about Bitcoin in the news recently and it has been mentioned several times that Bitcoin as a whole is having a debate on several points. One of these points you may have heard about is the block size debate.

Read more ›

Posted in Education


Education 10 – Earning Bitcoin

Earning Bitcoin

The question often comes up, how can a person earn bitcoin? Is the only way to get it by trading fiat currency for it? I understand that not everyone has access to a bank account and not everyone has money to spend on bitcoin. One of the major things we talk about in the Bitcoin ecosystem is the fact that so many people in the world are unbanked.

Read more ›

Posted in Education


Education 9 – Why Is Bitcoin So Disruptive?

Why Is Bitcoin So Disruptive?

I explained before in my post Education 2 – What Is Bitcoin Technically? how the current financial system wants to control Bitcoin. I also explained how Bitcoin could function as each of the things that those private and government entities regulate. I would like to spend a little time explaining that a little better.

Read more ›

Posted in Education


Education 8 – What Is Bitcoin Mining?

What Is Bitcoin Mining?

I have many fond memories of my college days, but as far as computer memories go, I used to love watching my computer process data from space hoping to be the one who discovered an alien transmission. I watched the colorful charts flash across my screen hoping to see a pattern in all that noise.

Read more ›

Posted in Education


Education 7 – Taxes

Taxes

Paying taxes on Bitcoin, at least in the US, is the one downside to the whole movement to live solely on Bitcoin. Honestly, when you start to scratch the surface and get a good look at the hoops you have to jump through it sounds incredibly daunting. In a Forbes article from 2014,

Read more ›

Posted in Education


Education 6 – Spending Bitcoin

Spending Bitcoin

After explaining to people what Bitcoin is and how to get it I always get asked the same question: Where can you spend it? Of course, the next logical step is what to do with it once you have it. My typical answer is to buy it and hold it.

Read more ›

Posted in Education


Education 5 – Buying Bitcoin Unbanked

Buying Bitcoin Unbanked

In 2015 it is estimated that 2 billion people do not have access to simple banking services. In the US alone one third of the population, an estimated 106 million people, are unbanked or underbanked. In my tutorials I talk about how you need a wallet attached to a bank account or debit/credit card to buy Bitcoin.

Read more ›

Posted in Education


Education 4 – Different Methods Of Securing Funds

Different Methods Of Securing Funds

Everyone has different ways of doing things. It always amazes me how something can seem so logical to me that there’d never be another way of doing it only to find out someone else thinks my method is a precise example of idiocy. The same thing goes for the Bitcoin ecosystem,

Read more ›

Posted in Education


Education 3 – Public Addresses And Private Keys

Public Addresses And Private Keys

Bitcoin relies on what is known as Public-key Encryption. The idea is like a locked night drop box on a bank. On one side, the public side, a bank can hand out the key to any customer it chooses so they can put things into the box.

Read more ›

Posted in Education


Education 2 – What Is Bitcoin Technically?

What Is Bitcoin Technically?

In my last Education post I explained how Bitcoin was, in my opinion, monetary freedom. I explained several ways in which I believe our current system of money to be broken. I also explained how Bitcoin is different. The question then becomes how can Bitcoin fix it?

Read more ›

Posted in Education


Education 1 – What Is Bitcoin?

What Is Bitcoin?

This question has been answered more times than I can count in more ways than I know about. Most of the explanations I’ve heard used involve a lot of technical words that frighten many people away or descriptions that don’t bring anything new to the ears of the potential users.

Read more ›

Posted in Education


Donations/Tips


Clickable Link

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers