Bitcoin Basics: 101 Questions and Answers - Softcover

Sammons, Eric

Softcover

ISBN 10: 0692572333 ISBN 13: 9780692572337

Publisher: Saragossa Press, 2015

Synopsis

What is Bitcoin and why should I care? 

Bitcoin has thrust itself into the marketplace – and the national consciousness. One day in the not-too-distant future we may view this digital currency and payment network as revolutionary. Just as the Internet profoundly impacted the everyday lives of people the world over, Bitcoin has the potential to change the way we think about money, economics, communication, and data.

Perhaps, like most people, you’re not even sure what exactly Bitcoin is – let alone how or why to use it. Bitcoin Basics answers all your questions. After reading it you’ll be ready – and excited – to begin your own Bitcoin adventure. 

Questions include:
· What is Bitcoin?
· Why was Bitcoin created?
· Who owns the Bitcoin network?
· What are the technological and economic advantages of Bitcoin?
· What is Bitcoin mining?
· Can the Bitcoin network be hacked?

You don't have to be an expert to use Bitcoin, but after reading this book you'll be on your way to becoming one!

About this title

From the Author

Bitcoin today is like email in the early 90's - and it has the potential to be as much a part of our life in the future as email is today. Since its origin in 2008, its popularity has exploded. Now economists, venture capitalists, financial executives, and even some politicians are embracing what a few years ago was a fringe interest of a handful of technical hobbyists. Nevertheless most "regular" people have no idea what Bitcoin is, even if they've heard of it. They might have some vague impressions - "Isn't that like Internet money?" or "Don't people buy drugs with that?" - but they don't really understand Bitcoin, or why anyone would be interested in using it, or how to use it themselves. 

That is the purpose of this book. If you are one of those "regular" people who is interested in Bitcoin but doesn't know where to start, then Bitcoin Basics: 101 Questions and Answers will help you navigate this quickly developing technology. 

Perhaps you're already familiar with Bitcoin. If you bring up Bitcoin to a friend, and he gives you a quizzical look, hand him this book. If you mention Bitcoin at your family Thanksgiving dinner, and your cousin says, "I don't really understand that," send her a copy of this book. 

Although Bitcoin Basics: 101 Questions and Answers explains the technical and economic ideas behind Bitcoin, it is intended for the non-technician, the non-economist. Anyone who knows how to use email and how to pay for something online with a credit card can read this book profitably. Some parts of the book cover the more practical aspects of Bitcoin - how to spend and receive it, how to store it, etc. - and other parts explain the reasons behind the creation of Bitcoin and the problems it is intended to solve. You only need to know the former to use Bitcoin, but knowing the latter can give you a leg up in becoming knowledgeable about this new and exciting phenomenon.
 
No one knows the future of Bitcoin, but it has the potential to do for money what the Internet has done for communications. And if this happens, everyone will need to understand at least the basics of Bitcoin. This little book will help you do that.

The table of contents gives a general layout of the topics covered:

1. Bitcoin Basics
2. Bitcoin as a Payment Network
3. Bitcoin as Currency
4. Ownership of Bitcoin Network
5. Technological Advantages of Bitcoin
6. Economic Advantages of Bitcoin
7. Using Bitcoin
8. Cost of Using Bitcoin
9. Bitcoin Mining
10. Anonymity of Using Bitcoin
11. Security of Bitcoin
12. Value of Bitcoin
13. Objections to Bitcoin
14. The Future of Bitcoin

It is my hope that Bitcoin Basics: 101 Questions and Answers will make the sometimes-confusing subject of Bitcoin more accessible to everyone. 

About the Author

Eric Sammons is the author of several books and holds a degree in Systems Analysis with a concentration in Economics from Miami University in Ohio. He worked for more than 15 years in the software development field, including 10 years as the owner of his own software firm. 

Edition details

• Publisher: Saragossa Press
• Publication date: 2015
• ISBN 10: 0692572333
• ISBN 13: 9780692572337
• Binding: Paperback
• Language: English
• Number of pages: 108