Bitcoin for Newbies


This is a work-in-progress… For now, these items are in no particular order, except for the first one. Credit goes to the members of the Cryptocurrency Collectors Club for providing many of these links.

Learning

  1. The whitepaper at bitcoin.org that started it all, by Bitcoin creator, Satoshi Nakamoto
  2. Guide: Bitcoin Magazine
  3. VIDEO: An Introduction to the Internet of Money (Andreas Antonopoulos in Sweden)
  4. VIDEO: Mining Bitcoin with Pencil and Paper (cryptography)
  5. Year in Review: 2017

BTC Manager
Bitcoin Exchange Guide
Finance Magnates
Forbes Magazine

Wallets

  1. Top 10 Bitcoin Wallets for 2018
  2. Comparison of Bitcoin Wallets (Wikipedia)
  3. AirBitz (mobile)
  4. Blockchain.info (online wallet with an app)
  5. Bitcoin-Qt / Bitcoin Core (original wallet, downloads the ENTIRE blockchain to your computer)
  6. Hardware Wallet Reviews

Is Ledger Nano Better than Trezor? (2018)
Trezor vs. Ledger (2018)
Trezor vs. Ledger Nano S vs. KeepKey (2017)

Exchanges

  1. Reviews
  2. CoinBase
  3. Kraken
  4. QuadrigaCX
  5. Changelly
  6. Bitfinex
  7. Bittrex
  8. BitStamp
  9. YoBit
  10. Poloniex
  11. LocalBitcoins
  12. Binance

Resources

  1. Best Bitcoin Apps of 2017 – Mobile Apps
  2. Bitcoin Magazine – Cryptocurrency News
  3. Blockchain.info – Bitcoin Blockchain Charts and Data
  4. CoinDesk – Cryptocurrency News
  5. CryptoCompare – Live Price Charts, Exchange Reviews
  6. CryptoCurrency Market Capitalizations
  7. CryptoWatch – Live Bitcoin / Altcoin Price Charts
  8. Finance Magnate – News
  9. Hacked: Hacking Finance – Learn how to hack finance and become financially independent

Advanced

  1. Online Learning from Princeton: Bitcoin and Cryptocurrency Technologies
  2. One of my all-time favourite vpodcasts is from Epicenter, when they interviewed former cypherpunk Vinay Gupta, and discuss how Bitcoin is moving us away from what he calls “Lawyer Capitalism” to “Programmer Capitalism.” In a nutshell, blockchain technology can eliminate the inefficiencies and corruption in our present systems. https://youtu.be/hTuGoRdm5wo

 

Source: Bitcoin for Newbies — Steemit

ICOs Raise Over $1 Billion in a Month for the First Time – Bitcoin News


While bitcoin and resurgent altcoins were claiming the headlines in December, ICOs were quietly claiming the money. From a media perspective, the summer of 2017 was when ICO mania hit its peak. That’s when several of the largest token sales concluded, raising hundreds of millions of dollars apiece. But from a financial perspective, December will […]

Source: ICOs Raise Over $1 Billion in a Month for the First Time – Bitcoin News

Triple Entry Bookkeeping With Bitcoin — Bitcoin Magazine

Excerpt:

Triple entry accounting is an enhancement to the traditional double entry system in which all accounting entries involving outside parties are cryptographically sealed by a third entry. These include purchases of inventory and supplies, sales, tax and utility payments and other expenses. Placed side by side, the bookkeeping entries of both parties to a given transaction are congruent. A seller books a debit to account for cash received, while a buyer books a credit for cash spent in the same transaction, but in separate sets of accounting records. This is where the blockchain comes in: rather than these entries occurring separately in independent sets of books, they occur in the form of a transfer between wallet addresses in the same distributed, public ledger, creating an interlocking system of enduring accounting records. Since the entries are distributed and cryptographically sealed, falsifying them in a credible way or destroying them to conceal activity is practically impossible.

The companies using triple entry bookkeeping would derive two immediate benefits from adoption: First, since auditors could quickly and easily verify a large portion of the most important data behind the financial statements, the cost and time necessary to conduct an audit would decline considerably. Audits would still be necessary, but auditors could spend more time on higher risk areas such as internal control. Second, the integrity of a company’s financial statements would be essentially unassailable. Revenue and expense transactions could not be falsified if they required the encrypted signature of the counterparty in order to be accepted as valid. In the case of Bitcoin, transactions only occur when wealth is transferred, so there is no incentive and considerable cost associated with spurious activity. Taken together, both of these effects would have a strong positive effect on stock prices, borrowing rates, and a variety of other fundamentals.

Full article: Triple Entry Bookkeeping With Bitcoin — Bitcoin Magazine

30 Non-Financial Use Cases of Blockchain Technology [Infographic]

While financial use cases of blockchain technology are at the spotlight due to the significant interest of powerful parties – banks, investors, and even governments – non-financial use cases of DLT are of equally significant importance to a number of industries. Along with banks and FinTech startups, non-financial players have been paying attention and looking for ways to leverage the opportunities that DLT opens. Let’s look at some interesting examples of the applications of blockchain technology beyond financial services:

Continues . . . 30 Non-Financial Use Cases of Blockchain Technology [Infographic]

Coinbase is investigating claims of insider trading from its Bitcoin Cash launch

Uh-oh.

Coinbase is investigating whether its employees took advantage of inside knowledge to profit on the launch of bitcoin cash (BCH) when it was added the popular crypto exchange.

The company, which recently raised $100 million at a valuation of $1.6 billionfinally added support for BCH — a fork of bitcoin — on Tuesday after much demand from users. But, in true Coinbase fashion, the launch was mired with service outages as the price of the new addition fluctuated wildly.

The price of BCH hit a high of $8,500 on Coinbase and its GDAX service for professional investors, which was almost three times higher than the $3,500 price on all other exchanges. That led to calls of insider trading from Coinbase staff who, in theory, could have profited by buying BCH on other exchanges in the knowledge that it was about to be added to Coinbase, a move that would (and did) trigger increased trading volume and a higher price as the exchange’s 10 million-plus users got a piece of the action.

Full Story: Coinbase is investigating claims of insider trading from its Bitcoin Cash launch