Undressing Bitcoin

Description

For those that love knowledge, but don't like to read!

Undressing Bitcoin is a first of its kind, as Layah guides you through the technicalities of bitcoin, while also providing a philosophical commentary.

It is a chronological journey that starts by breaking down the problems with the traditional financial system, ultimately presenting the urgent case for bitcoin.

Layah aims to add flavour and colour to a complicated topic by showcasing the personal and humanitarian side to bitcoin.

Everything you need and want to know about this magic internet money is revealed in the book through Layah’s experience navigating the bitcoin world.

This book includes:

CHAPTER 1 - The Death Of Fiat Currency

- Welcome To Undressing Bitcoin

- The History Of Money

- The Gold Standard Act

- What Is The Dollar Backed By Now?

- Inflation And Quantitative Easing

- Pandemic

- Welcome To Hyperinflation In Venezuela

- Enter BITCOIN

CHAPTER 2 - The Elegance And Sophistication Of The Bitcoin Network

- What Is BITCOIN?

- Miners

- Proof-Of-Work

- The Heartbeat Of BITCOIN

- Can BITCOIN Reach Half A Million?! The Halving

- FAKE BITCOIN: The Double-Spend Problem

CHAPTER 3 - How Not To Lose $50,000,000 In BITCOIN

- Where To Store Your Millions In BITCOIN

- Keys And Seed Phrases

- Custodial Wallets

- Fraud And Hackers

- Non-Custodial Wallets And The Gateway To Financial Freedom

- Best Security Practices

- Lost Or Stolen?!

CHAPTER 4 - Why BITCOIN Matters

- The Financial Map

- Decentralisation

- The 7 Characteristics Of Viable Money

- The Government Doesn’t Want You To Know

- Scarcity

- Bitcoin Vs Gold

- Durability

- Portability

- Escaping Tyranny And Genocide: Nazi Germany

- Divisibility

- Uniformity

- Fungibility

- Acceptability

- Mass Adoption

CHAPTER 5 - Undressing BITCOIN Myths

- Bitcoin For Criminals

- Tax Evasion And Tax Avoidance

- Is BITCOIN A Scam?

- The Truth About BITCOIN’s Carbon Footprint

- Powering The Bitcoin Network With Volcanoes In El Salvador

CHAPTER 6 - Seeking The “OG” BITCOIN

- Bitcoin Hard Forks

- Wrapped BITCOIN

- Decentralised Finance

CHAPTER 7 - Undressing Bitcoin’s Challenges

- The Scalability Problem

- How Does The Lightning Network Operate?

CHAPTER 8 - The Future Of BITCOIN

- Rising BITCOIN Hostility

- Can BITCOIN Be Banned?

- Why Governments Want To Ban BITCOIN

- Central Bank Digital Currencies (CBDCs)