Crypto Condensed: The Complete Guide To Bitcoin

As you might be aware the Bitcoin ecosystem has evolved hugely since its inception a few years ago, it really is hard to believe that Bitcoin was conceived just a few years back. But right at this moment in time, there are so many ways to be involved in the Bitcoin ecosystem, in my opinion more than any other time previously.

In this lecture we’re going to start by discussing the most simplest way to get involved in Bitcoin. That’s being a user! So being a user is I’d say the most important part of the ecosystem, so lets discuss how you can take on this role.

As I’m doing now with you, you could also become an educator on the area of Bitcoin, but within your local community. That’s where I started!

Lets now move onto an aspect that’s very interesting indeed, as there are so many ways you could do it. It’s all about becoming a Bitcoin marketer. So this is another option where the barrier to entry is relatively low, and there are notable individuals out there earning well through marketing Bitcoin.

I’d like to start this lecture by asking a simple question. Do you know what a Bitcoin faucet is? If you do, great! You may pick something up extra from this lecture. If not, also great, as you’ll learn about the opportunity that exists with Bitcoin faucets.

Now you may be aware that you can actually mine Bitcoins, and essentially create your own money! If you’ve heard that, let me talk to you about how you can get involved with mining.

Becoming a Bitcoin investor is perhaps one of the most popular ways to get involved in the Bitcoin ecosystem. It’s something where the barrier to entry is relatively low, and you can do it instantly.

Now here comes the question for this assignment, that all important question. What one, or multiple roles do you want to be playing in the Bitcoin ecosystem?

In this section I want to get a bit more technical with you, and help you understand the technical elements behind Bitcoin. So if you weren’t aware, Bitcoin is a form of open source software, and was launched back in 2009. Right now I’m going to explain what open source software is so you can understand Bitcoin technically.

Are you aware of Cryptography? Do you know what it actually is, as Bitcoin is a form of it. So if you’re are unaware of what Cryptography actually is, lets jump into explaining it now.

Now Bitcoin is a decentralised network, over a centralised network. It’s crucial to its success. So in this lecture lets go over why this decentralised network trumps a centralised network.

Imagine now a technology that would let you simply your mortgage and credit agreements, and potentially bring their rates down? This is just potentially a small piece of what smart contracts can, and will do in the future. So lets get into the nitty gritty and talk about how they work.

This lecture may surprise you, as I’m sure you’ve been told Bitcoin is anonymous. So without any further suspense building, let me show you all how anonymous Bitcoin is.

We touched on the blockchain in the last lecture, so lets explore it together in this lecture.

If you’re interested in reading the original Bitcoin white paper I’ll show you how now.

What I’m going to do now is show you how a Bitcoin transaction works, before showing how to buy. Now most transactions work in a similar way whether you’re buying, receiving and so on. So lets jump into showing you how it all works now, so you understand the process.

Some sites for buying Bitcoins are specific to certain countries, but there is one for you. In this lecture I’ll be showing you sites to use, and how to search for specific sites.

This is still a question that’s asked often, how do you buy Bitcoins with PayPal? Of course you can just buy them from eBay, there are lots of sellers offering such service. A very well known method to buy Bitcoins with PayPal is through a site called Virwox. I’ll show you how it works!

Welcome to the third assignment, all about getting your first piece of Bitcoin. You won’t be paying for this, you’ll be gaining it from a faucet which we touched on earlier. So lets now jump into getting your first piece of Bitcoin.

Many people think that those who buy Bitcoin do just so for investment purposes, however that is not totally true. Many do use Bitcoins in regular transactions so let me shine a light on this side of Bitcoin for you.

If you weren’t aware, Bitcoin is often referred to the Gold 2.0, so the modern day gold. There are six main ways that Bitcoin and Gold are similar, we’ll get into all of that in this lecture.

It may surprise you that certain people in this world see Bitcoin as safer than there currency. I’m going to go into the exact reasons as to why they believe it in this lecture for you.

Following on from the last lecture I want to show where the trust is with Bitcoin and Fiat currencies. So lets jump into explaining all of that now, before doing the quiz for this section.

Welcome to this section of the course which is all about mining Bitcoins, it’ll be interesting for sure. What I’m going to do In this lecture is share some general insights on mining, then go more in-depth later.

In this lecture we’re going to cover the four most popular mining hardwares. By the end you’ll have a clear understanding of why some hardwares are now obsolete.

One of the biggest recent events in Bitcoin was the block halving, as it effected mining. In this video I want to talk a little more about this event with you, and what it meant.

This is a very popular question among those getting started with mining, go solo or go down the route of pool mining? In this lecture I’m going to discuss the pro’s and con’s of each with you.

Here’s a controversial topic, cloud minding, should you join one? I’m going to go over cloud mining in this lecture with you so you fully understand it.

For this assignment in the course I’m going to show you how to use your computer to mine BTC. If you do this for a long period time you will need a fan to cool your computer down. With no fan it could damage your computer, I’d say for this it’s best to use an unused computer as uses lots of power.

As you’ll notice from the title of this lecture I want to explain to you why stores accept Bitcoin. The simple answer is that they accept it for more revenue, but there’s also a more important reason than that, so lets jump into explaining it.

Now if you’re a keen Amazon shopper, let me introduce you to a site in this lecture called Purse. This site will enable you to save up to 15% off all your purchases by shopping with Bitcoin.

If you enjoy searching the web for a bargain using eBay style sites, you’ll enjoy this lecture. So lets jump into this lecture and i’ll show you a few marketplaces you can use with Bitcoin.

So there maybe a time when you struggle to find something you want to spend Bitcoins on. But there are sites that act as a directory which list places to spend Bitcoins which I’ll show you now.

In this section I’m going to walk you through how to sell your Bitcoins, and potentially profit. But before we do, I want to touch on the ways I’m going to discuss in this section.

It’s true you can profit from selling your Bitcoins, but it all depends on when you buy and sell. In this lecture I just want you to be aware of the price charts available to you, lets jump into that.

It’s also possible to sell your Bitcoins face to face, and meet with a buyer in your local area. This is a popular way still to buy and sell, so let me go into how it works for you.

The next method for selling Bitcoins, which is super popular, is exchange trades. So in this lecture we’re going to discuss how you can get started with selling on exchanges.

In this lecture I want to talk about peer to peer trading, so selling through this peer to peer method. Now this is a relatively new method, but it’s a very up and coming method. So lets jump into this now, and I’ll show you how it all works.

Part One - Listen to me interview Francis of the Bitcoin Foundation Canada. Learn about his thoughts and opinions on Bitcoin around the world, and in Canada. Learn about Francis's opinions on the future of bitcoin.

Part Two - Listen to me interview Francis of the Bitcoin Foundation Canada. Learn about his thoughts and opinions on Bitcoin around the world, and in Canada. Learn about Francis's opinions on the future of bitcoin.

Part Three - Listen to me interview Francis of the Bitcoin Foundation Canada. Learn about his thoughts and opinions on Bitcoin around the world, and in Canada. Learn about Francis's opinions on the future of bitcoin.

Part One - Listen to my interview with Marc of Bittylicious. Learn how Marc has built a Bitcoin business up which has now traded more than £8M worth of bitcoins.

Part Two - Listen to my interview with Marc of Bittylicious. Learn how Marc has built a Bitcoin business up which has now traded more than £8M worth of bitcoins.