( Read E-pub ) Ì Bitcoin for the Befuddled ⛅ eBook or Kindle ePUB free

( Read E-pub ) í Bitcoin for the Befuddled  Bitcoin is an international digital currency known for its independence from a central bank or government Already used by people and companies around the world, many forecast that Bitcoin could radically transform the global economy The value of a bitcoin has soared from less than a dollar into well overin , with many spikes and crashes along the way The rise in value has brought Bitcoin into the public eye, but the cryptocurrency still confuses many people Bitcoin for the Befuddled covers everything you need to know about Bitcoin what it is, how it works, and how to acquire, store, and use bitcoins safely and securely You ll also learn about Bitcoin s history, its complex cryptography, and its potential impact on trade and commerce The book includes a humorous, full color comic explaining Bitcoin concepts, plus a glossary of terms for easy reference I was browsing the stacks and saw this funny looking book I thought it had to be from at least 10 years ago, but it was written in 2015 I needed a simple reference to understand blockchain and it didn t have everything I need on distributed ledger technology because its focus is how to use and understand Bitcoin I read the non blockchain parts though and they were good The occasional comic with Crowley the Crocodile is cute I saved it to try the short JavaScript programs in the appendices I was browsing the stacks and saw this funny looking book I thought it had to be from at least 10 years ago, but it was written in 2015 I needed a simple reference to understand blockchain and it didn t have everything I need on distributed ledger technology because its focus is how to use and understand Bitcoin I read the non blockchain parts though and they were good The occasional comic with Crowley the Crocodile is cute I saved it to try the short JavaScript programs in the appendices Who knows Maybe I ll get a wallet too Great book The author explains the bitcoin phenomenon with clarity It is not a book that you can just breeze through though It takes a little concentrated effort, but it is well worth it You will emerge from this experience with an entirely new aquired knowledge that will serve you well Especially if you want to get into the bitcoin game Loved it Highly recommended. Don t be fooled by the cheesy cover A very in depth explanation of bitcoin Some of the math was over my head but concepts were clear and engaging I was fascinated by the cryptography behind bitcoin. It was an interesting read to fill some of the gaps I had in understanding Bitcoin technology, and for that reason I would recommend it to tech savvy people or maybe only programmers.And that is where the problem lies The book positions itself as a sort of intro to the topic, and uses many analogies and even occasionally comic book format to make the understanding easier, however this falls short in my opinion Some of the key concepts needed to understand e.g public private keys are poorly It was an interesting read to fill some of the gaps I had in understanding Bitcoin technology, and for that reason I would recommend it to tech savvy people or maybe only programmers.And that is where the problem lies The book positions itself as a sort of intro to the topic, and uses many analogies and even occasionally comic book format to make the understanding easier, however this falls short in my opinion Some of the key concepts needed to understand e.g public private keys are poorly described, while other analogies are sort of work except when they are compared to reality the reader needs to flip them around requiring additional mental model, which defeats the purpose of the analogy Therefore, I appreciate the idea behind the approach but would either prefercareful descriptions of complex topics and not forced analogy but then likely the book would not be for me orconcise and perhaps deeper dive into the topic Though, to be honest, I at this moment I don t have any burning question that the book has not answered though I m interested to look into alternative blockchain technologies and the source code it self.Some of the things I learned different types of wallets e.g full vs simplified payment verification, the latter being less secure but not needing the whole blockchain random key generation vs deterministic key generation, the latter allowing you to generate new bitcoin addresses without having the private key useful for point of sale systems actual cryptographic algorithms and principles used under the hood this part wasrevealing the exact structure of blockchain and headers of each block how the proof of work is done by the miners and related to that how the reward new bitcoins is awarded on top of the transaction fees the latter being the only thing that will remain once all the bitcoins are mined AND finally how is hashing power and difficulty related to that something that s always present in any technical discussion, but that I never tried to properly understand before I appreciated the discussion on both economical and technical concerns and threats Overall, I mthan ever convinced in the value of the technology Is it worthy it s current price 11700 sure and probably muchthan that However, that doesn t mean it s not a bubble at the moment There are likely still going to be hiccups on the way and price volatility followed by panic and selloff , specially when less tech savvy people get into it and start making mistakes If you re considering investing and don t plan to devote yourself full time to this which is a very viable option as well then you have to look at it as a long term investment nothing else