I need your help...

What answers are you looking for?

I want your feedback on a course I’m going to make that dozens and dozens of little videos that are short and the that can convey all the thinking I have done over the past 15 years about money plus my study of bitcoin over the last eight years and hopefully help guide you through the questions you might have.

I will be adding to this course over time as questions arise, and new issues have come up.

This will cover some “how-to” but more importantly the philosophical issues that arise when talking and thinking about money. There are many great teachers out there when it comes to setting up wallets or what services are good to use, which I will share in the course.

So I would like your feedback and any questions you might have.

I have many people that come to me and ask what they need to do or my thoughts on different objections and how they should handle them when people ask about Bitcoin.

Bitcoin is hard to explain because it’s many things all at one time. It’s a new technology, it’s money, it’s a community, it’s social, it’s a way of thinking, it’s a culture and it’s a way of life, etc. etc..

This is the initial outline. Let me know what you think and how we can make this a great way for people to learn the philosophy of money and what it is and how Bitcoin fits into our world.

Should I add more? Make is shorter? What are your burning questions?

Thank you,

Brandon

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Module 1: Introduction to Bitcoin

• 1.1 What is Money and its Evolution

  • Properties of money

    • Primary properties: Store of value, unit of account, medium of exchange

    • Secondary properties: Durable, fungible, portable

  • Properties of Fiat currency, and the history of going to zero

  • This leads you to finding what’s best

    • Time and energy container

    • Conveys information/ledger

  • Barter, shells, commodities, coins, fiat

• 1.2 Definition and Purpose of Bitcoin

  • What is Bitcoin?

    • Money - does it fulfill the properties?

    • Open Source Code and software protocol people can choose to run and accept

  • The origin and history of Bitcoin

    • Bitcoin is end not beginning (fire or wheel)

    • Satoshi Nakamoto and Identity

    • Bitcoin's Connection to Cypherpunk Ideals

  • Advantages and disadvantages of Bitcoin

    • Cannot be changed easily which is good and bad

    • People are incentivized to uphold rules

    • Cannot print more for yourself

    • Bitcoin's Role in Financial Inclusion

    • Environmental Impact of Bitcoin

    • Banking the Unbanked

• 1.3 How Bitcoin Works

  • Blockchain technology is really time-chain, only good for money

    • Mining and consensus mechanisms

    • Key components of a Bitcoin transaction

    • Difficulty adjustment

    • Proof of work

    • SHA-256

    • Digital Scarcity in Bitcoin

Module 2: Bitcoin as a Digital Currency

• 2.1 Characteristics of Digital Currencies

  • Comparing Bitcoin to traditional currencies

  • The role of the central bank in the traditional financial system

• 2.2 Bitcoin's Store of Value and Medium of Exchange

  • Why people invest in Bitcoin

  • Understanding its use as a means of payment

• 2.3 Bitcoin and Inflation

  • Supply limitations and deflationary nature

  • Impact on monetary policies

Module 3: Bitcoin Security and Wallets

• 3.1 Cryptography in Bitcoin

  • Public and private keys

  • Address generation and verification

  • Understanding Self-Custody

  • Privacy and Confidentiality in Bitcoin (coinjoin)

• 3.2 Types of Bitcoin Wallets

  • Hardware wallets

  • Software wallets

  • Paper wallets

  • Transferring Bitcoin to Self-Custody

• 3.3 Best Practices for Securing Your Bitcoin

  • Multifactor authentication

  • Backup and recovery strategies

  • Protection against scams and phishing attempts

  • Running a Node

  • Blocksixe Wars

  • Using a Blockchain Explorer

  • Sending Bitcoin and Receiving

  • Verifying Transactions

Module 4: Investing in Bitcoin

• 4.1 Evaluating Risks and Rewards

  • Volatility and price fluctuations

  • Long-term vs. short-term investments

• 4.2 Diversification with Cryptocurrencies

  • Overview of other popular cryptocurrencies

  • Correlations between different digital assets

• 4.3 Identifying Investment Opportunities and Trends

  • Fundamental analysis of Bitcoin

  • Technical analysis and chart patterns

  • Setting Up an Exchange Account and Buying Bitcoin

  • Fungibility of Bitcoin

  • Peer to peer purchasing and sales

Module 5: Regulation and Legal Considerations

• 5.1 Global Regulatory Landscape

  • Major countries' approach to Bitcoin

  • Current and potential future regulations

  • Bitcoin's Role in Developing Nations

• 5.2 Tax Implications of Bitcoin Transactions

  • Reporting requirements for individuals and businesses

  • Taxation of mining, trading, and investing in Bitcoin

• 5.3 Anti-Money Laundering (AML) and Know Your Customer (KYC) Policies

  • Compliance measures for businesses dealing with Bitcoin

Module 6: Practical Use Cases of Bitcoin

• 6.1 Cross-Border Transactions

  • Reducing fees and transaction times

  • Remittances and financial inclusion

  • Inflation Resistance

  • Seizure/Censorship Resistance

  • Speed of Payments and Final Settlement

• 6.2 Mining and Blockchain

  • Bitcoin Halving Events

  • Decentralization of Bitcoin

• 6.3 Estate Planning

Module 7: Future Trends and Challenges

• 7.1 Scalability and Network Improvements

  • Lightning Network and liquid and other scaling solutions

  • Environmental concerns and energy-efficient mining

  • Smart Contracts on Bitcoin

• 7.2 Central Bank Digital Currencies (CBDCs)

  • Potential impact on the global financial system

  • Coexistence with cryptocurrencies like Bitcoin

• 7.3 The Role of Institutional Investors

  • Institutional adoption and its effects on market dynamics

  • Bitcoin's Role in Hyperinflation Scenarios

• 7.4 Threats to bitcoin success

  • People don't care for sound/true money (Saylor fear) Don't voice their concern to government (apathy/indifference)

  • Asteroid hits earth, solar flare, extinction event

Module 8: Bitcoin's Community and Development (Social Layer)

• 8.1 Bitcoin's Cultural Impact

• 8.2 Bitcoin in Pop Culture

Module 9: Q&A Session and Conclusion

• 9.1 Addressing Participants' Questions and Concerns

• 9.2 Clarifying Misconceptions about Bitcoin

  • Bitcoin as Digital Gold

  • Bitcoin Education and Learning Resources

  • Bitcoin and Financial Freedom

• 9.3 Recap of Key Takeaways

• 9.4 Encouraging Further Exploration of Bitcoin and Timechain Technology

• 9.5 Acknowledging the Evolving Nature of the Bitcoin Space

  • Bitcoin was end of crypto journey not beginning. Bitcoin was the fire or wheel discovery)

• 9.6 Bitcoin's Philanthropic Potential

  • Purchasing Power and Standard of Living Up while Living Costs Down)

  • Satoshi said its a donation to everyone if keys are lost