Good Guys Are Preparing America For A Major Economic Transition: Bix Weir

Great interview!

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What’s Going on? The Dow Jones Industrial Average is Down, Cryptos are Down… #MemoDay

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Not only that, people are leaving Facebook . . . Sources Dow plunges 1,500 points, S&P 500 now negative… by allbtc

 

Source: @AllBTC on Steemit.

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

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