An Introduction to Bitcoin
Introduction
This page is intended to share with friends and family who want to learn more about Blockchain, Bitcoin, and U.S. Monetary policy. One might be confused as to why Bitcoin is being discussed on a Gear website, however I think the utilitarian nature of it makes it important to discuss and bring to my audience as something to think about. There are a lot of informational pieces and biased viewpoints from both sides of the argument. If you have any recommendations on good content for pros/cons of bitcoin or other key pieces talking about the world economy today, please let me know and I can add them in. 2 years ago I thought Bitcoin was a scam, but now I'm seeing it solve real world problems like 3rd world country remittance and hedging against an increasingly inflated dollar.
For those with not a lot of time on their hands, I highly recommend listening to the podcasts in the order they are listed in this email. They highlight various topics that pertain to the many facets of Bitcoin.
Note: Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Gear Rules is not a fiduciary by virtue of any person's use of or access to the Site or Content.
This page is intended to share with friends and family who want to learn more about Blockchain, Bitcoin, and U.S. Monetary policy. One might be confused as to why Bitcoin is being discussed on a Gear website, however I think the utilitarian nature of it makes it important to discuss and bring to my audience as something to think about. There are a lot of informational pieces and biased viewpoints from both sides of the argument. If you have any recommendations on good content for pros/cons of bitcoin or other key pieces talking about the world economy today, please let me know and I can add them in. 2 years ago I thought Bitcoin was a scam, but now I'm seeing it solve real world problems like 3rd world country remittance and hedging against an increasingly inflated dollar.
For those with not a lot of time on their hands, I highly recommend listening to the podcasts in the order they are listed in this email. They highlight various topics that pertain to the many facets of Bitcoin.
Note: Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. Gear Rules is not a fiduciary by virtue of any person's use of or access to the Site or Content.
Podcasts
Books
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(1) Bitcoin: Hard Money You Can't Fuck With: This is a really informative book that is also extremely entertaining. If you want to understand exactly what someone is all in on Bitcoin thinks, this book will help you get in that mindset.
(2) Layered Money: Mentioned earlier, this book starts off with the history of money and starts build the reader up on today's system of layered money. Great read regardless of Bitcoin interest, but does get into Gold, Bitcoin, and central Bank Digital Currencies. |
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(3) The Bitcoin Standard: This book iss more about the history of money, core economic principles, and why sound money is necessary for an optimally functioning economy. It's a bit extreme at points , but fascinating overall and gives you a lot to think about regarding the downsides of fiat currencies and central banking.
(4) The Price of Tomorrow: This is a great book talking about the deflationary aspects of technology and why the current financial system is not currently setup to deal with it. |
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(5) The Blockchain Revolution: Not really about crypto so read this if you end up being interested in blockchain. This book lays out use cases for blockchain across financial services, government, media, etc. That being said, the concepts covered in this book help to highlight why blockchain and decentralized business models can be so impactful.
(6) Blockchain Bubble or Revolution?: This book gives an unbiased overview of and future predictions for bitcoin and crypto (has a great chapter on some of the major risks of bitcoin), as well as business blockchains. Reads very quickly. The first 3-4 chapters are focused solely on bitcoin so you can get a decent understanding of bitcoin very quickly. |
Interesting Articles
Interesting Articles
1. Why Does Bitcoin Have Value?
2. Forbes - Bitcoin Bubble Myth
3. The Bullish Case for Bitcoin
4. Ballooning US Money Supply (you're well aware bitcoin is a hedge against inflation)
5. Paul Tudor Jones Recently Announced he owns Bitcoin
- The Great Monetary Inflation by Paul Tudor Jones
6. Peter Schiff is a famous bitcoin bear, read his work and get his perspective.
- Twitter account
- Shiff Radio Site
7. Why India Should Buy Bitcoin
8. Ray Dalio - Thoughts on Bitcoin (I think he had another article more recently where he thinks there's a good chance bitcoin gets outlawed, can't say I agree)
9. US Treasury to Allow Blockchains, Stablecoins for Bank Payments
10. Coinbase - Institutional vs. Retail Trading Volume over time
11. Large Corporations adding bitcoin
- Paypal Getting Into Crypto
- Square Buys Bitcoin
- Microstrategy First to and Continuously Putting Bitcoin On Balance Sheet
Videos & Lectures
- Blockchain and Money MIT OpenCourseWare Class - Taught by Gary Gensle who is now chairman of the SEC
- Bitcoin for Corporations Conference, specifically the Corporate Strategy video (expect corporate treasury adoption of bitcoin to rise significantly in Q2/Q3 2021, long-term get ready for the central banks)
- Bitcoin for Corporations Conference, specifically the Corporate Strategy video (expect corporate treasury adoption of bitcoin to rise significantly in Q2/Q3 2021, long-term get ready for the central banks)
Bitcoin Black Swans / Major Risks
- US / Central Governments Banning Bitcoin
- Environmental Concerns
- Hacking of BTC Protocal (51% Mining, Satoshis Wallet, etc.)
- Competition Overtakes Bitcoin
