Being someone who has been investing and heavily building services on Bitcoin, Ethereum and alike public blockchains for the last few years, I often get asked about the Bitcoin by friends and family. And while I do enjoy talking about it over and over, it did occur to me at some point that the lack of understanding of the technology IS one of the reason (if not the main reason) for what seems to be a fairly slow pace of adoption. It's been over 10 years now and still most of the action is in trading space :( We have crypto exchanges exceeding billion USD daily in turnover and yet not a single widely known online retailer accepting crypto!
So, after two years of being in the building part of the ecosystem, I decided to put some time aside and work on that "adoption issue", starting with my friends and family. Unfortunately, nearly all current onboarding guides on the subject are still way too complicated for the mainstream. The mainstream audience knows nothing about the technical aspects of the blockchain and the originating concepts like UTXOs, proof of work, hashing, mining, private keys and the list goes on and on. Combine that with the fact that most people don't really understand traditional financial systems they are left somewhat clueless not only about WHAT Bitcoin is but also WHY it was created in the first place.
So, long story short, I decided to write a guide that both my friends and relatives would be able to grasp without compromising on some essential elements of the Bitcoin blockchain.
This is my first onboarding guide for someone with zero-knowledge in the field.
https://github.com/horizontalsystems/Bitcoin-Explained-Guide/blob/master/Bitcoin-Explained-Simple-Terms.pdf
Enjoy!
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