Bitcoin: Everything You Need to Know
"Bitcoin: Everything You Need to Know" is aimed at a wide audience and goes in-depth on several subjects while remaining easy to grasp by the layman. This book will allow you to acquire useful knowledge on the topic of Bitcoin without needing to focus on its hyper-technicalities. It will equip you with all the information you need in order to understand how Bitcoin works, but more importantly, it will show you what exactly "good money" is, as well as the tremendous advantages it provides. How to use Bitcoin, how to send it, how to receive it, how to buy it—thanks to this book, you will soon learn "everything you need to know" about Bitcoin! In the appendix, you will find several testimonials from bitcoiners, the pioneers who paved the way for the rest of us.
"In this important book, David St-Onge has put together the essential elements required to understand Bitcoin. If you are looking for an introductory book, this is it."
— Phil Champagne, author of The Book of Satoshi
" An impressive book, and I was thrilled David uses a solid Austrian Economics framework, which is the perfect approach to Bitcoin!"
— Peter St Onge, PhD, Economics at The Heritage Foundation
" Bitcoin aims to offer the world an alternative to the current financial system, the very system that was responsible for the 2008 crisis. Thanks to a mechanism that limits the emission of new bitcoins—which we will cover later—Bitcoin is the remedy to central banks inflating the monetary supply. "
" Bitcoin allows individuals to make peer-to-peer transactions, regardless of distance, all the while guaranteeing the validity of the transactions, without the risks inherent in duplicating and double-spending the digital money. In this way, Bitcoin allows us to hold and exchange value digitally without the use of a third party. This is a technological revolution in and of itself. "
" We know that Bitcoin was invented by an individual or group of people under the alias Satoshi Nakamoto. Their anonymity is very important for keeping Bitcoin decentralized, as there can be no CEO, individuals, or organizations that “manage” it. Bitcoin strives and evolves thanks to its contributors and users. This gives the network astonishing resilience in the face of seizures and censorship. No government can pass a law to keep the CEO of Bitcoin accountable. No one can blackmail him to bring about reforms in the network or make it favor one group or another. All because there is no central organization that manages Bitcoin. Bitcoin has no CEO."
" How can something that no one can see or touch hold value? I often answer this question with the following: “We value trust and yet we can neither see nor touch it.” You could call this a rhetorical statement, yet hidden beneath it lies the only reason why fiat money has any value: trust. This is the paradox behind modern money's value. On the one hand, we have Bitcoin, a virtual form of money that is intangible, but that is truly scarce and limited. On the other, we have fiat money that we can all hold in our hands and whose value is based solely on trust. "
"David St-Onge has a degree in computer science and started his career as a developer in 2005. In 2016, he became the Technical Director of a software development company. In early 2018, a colleague introduced him to the world of Bitcoin and blockchains. Since then, he has been devouring every book he could find on the subject, following influential "Bitcoin Twitter" personalities on a daily basis, and collecting dozens of articles on the subject. After contributing to the popularization of Bitcoin in the French-speaking world, David now brings us a translated version of his beginner-friendly guide to understanding Bitcoin.”