Reddit mentions: The best money & monetary policy books

>\> happens to the price of Bitcoin when the supply caps at 21million?

This occurs in 2140 so shouldn't be much of a concern outside of a speculative hypothetical , but removing all monetary inflation for a product in demand means that bitcoin will likely keep appreciating in value.

>How is value determined outside speculation when it's not tied to anything tangible.

Supply and demand is what determines the price for all goods and services irrespective if its digital or physical(tangible). Bitcoin has intrinsic value as well, much akin to twitter and the internet having intrinsic value. Bitcoin is a very useful tool that allows people to exchange value for high risk transactions. There is a circular economy and inelastic demand of users for bitcoin that give it value. States indirectly subsidize this value in bitcoin and will continue to as long as laws and regulations exist.

>\> Also, a gallon of milk could cost 1btc or .0001btc

https://en.bitcoin.it/wiki/Units

more likely referred to as "2 bits" in the future

>\> you can fragment a bitcoin as small as you want? So does a supply cap even matter?

Yes , sub satoshis already exist on the lightning network for microtransactions . This is not a form of inflation but further decimalization ... I.E... instead of 1 usd =100 cents , 1USD = 1,000,000 units of 1/1,000,000 a usd= 1usd without adding anything to the monetary supply. Adding more bitcoins into circulation is inflation lowering the value of everyones BTC , further dividing the unit decimalization does not have this effect.

These articles will better help you understand the economics and value of bitcoin -

https://medium.com/@jimmysong/why-bitcoin-is-different-e17b813fd947

https://medium.com/@jimmysong/why-bitcoin-works-fe32879a73f5

or better yet get her this book :

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

A rally is a period where the price continues to rise, because either new fiat money is flowing into crypto, or people are leaving one crypto for another at that time.
http://www.investopedia.com/terms/r/rally.asp


I use bittrex and coinbase and like them, but there are many options for exchanges. I live in Washington state, so I have less options because Kraken and Poloniex are not available here.


I'd recommend getting either a ledger nano s or trezor hardware wallet. I have a ledger and it's really cool. Others like the trezor, but I don't have experience with it. Look into both and figure out which one you like more. This is the most secure way to store many coins.


This stuff is definitely worth the effort. I think it will be a multi trillion dollar market in five years, so it's still really early days. If you have a background in tech, then you have a good advantage in assessing the technology and making a lot of money investing. Good luck to you!


Oh also, if you want to dive deeper into the tech, a good first read is Mastering Bitcoin. Even though it's about bitcoin, you'll learn the fundamentals that are used by all cryptocurrencies.
book link

On a high level? Banks take reserves and loan them out, but are required to keep some amount on hand given reserve requirements. They can hold more reserves if they want, and this is called excess reserves.

A one-time increase in reserves held by banks given to them by the Fed (this is called high powered money) causes an overall increase in the money supply higher than one-for-one (so 1 dollar turns into more than 1 dollar) thanks to a "money multiplier".

In the 60s, it was theorized that the money multiplier was 1/1-rr (where rr is the required reserve ratio). It's a bit more complicated than that now, but the idea stays the same: an injection of high powered money can increase the amount of money in the system more than just the initial amount of money. From Hubbard and O'Brien's book that I reference below there's an alternative and more realistic model of the money multiplier (warning: power point download).

---

However, the Fed doesn't target the money supply, it targets inflation. To change inflation it just adjusts interest rates by swapping bonds for reserves in the Fed Funds market. This increases the money supply. Through this increase in the money supply, the Fed suppresses real interest rates and increases the quantity demand of loans, which increases real output. So, through an interest rate channel, chg(M)->chg(output).

This has an impact on real variables, despite what 9/11 truthers MMTers would have you believe. See my R1 of MMT here, along with exceptional comments by /u/Integralds.

---

For a really good in depth look at banks, money and financial markets I suggest going through Hubbard and O'Brien's Money, Banking and the Financial System. I have heard Mishkin's book is good too, but I have not used it.

Here is the post for archival purposes:

Author: Ivo333

Content:

>As published via CoinLive

>Bitcoin is breaking through a major level of resistance at $9k as the rally continues. This article looks to provide insights behind some of the key metrics and other fundamental aspects backing Bitcoin.

>

>Remember, when we see a pump in price, it doesn't necessarily mean that one can pinpoint the reason fueling the higher valuation. A whole plethora of factors outside the public knowledge may influence such decision to buy the token, however, by analyzing the latest key fundamental advancements, we can assess how well justified the rise is.

>#1 Google Trends: 'Bitcoin' Picking Up</strong>

> </strong>

>#2 Social Media Hype Solid</strong>

>The social media activity via Twitter and Reddit on Bitcoin has been consistent since early April. We've drawn a line around 22.5k, which when broken, should provide further evidence that the hype is truly back.

>We like to use the website Solume.io illustrates the change in sentiment, as it helps us track the social activity on Reddit and Twitter.

>

>#3 Developer's Update via Jimmy Song</strong>

>As seen in the Newsletter we love to follow Proof of Work .

<ul>
<li>> The Bitcoin Standard and my review of it</li>
<li>>Tx Fee Visualization </li>
</ul>

>#4 Bitcoin Lightning Network Matures</strong>

>According to Bitcoinist: "Data showing current activity on Lightning’s Bitcoin mainnet implementation reveals a network capacity of $148 million, up from $80 million April 10. At one point, over 2000 active public nodes were available to process transactions, which can confirm almost instantly for a fee of less than one satoshi per byte.What’s more, the network has now reached 7000 active channels."

> Read the full story via Bitcoinist.

>#5 BTC Over the Counter Activity Huge</strong>

>As CoinLive has reported via Twitter: "Our network of Insiders telling us between 5000-10.000 BTC are being sold every week OTC by Chinese BTC miners to Israeli buyers - Wall Street type - as they look to accumulate a big hand in BTC."

>We also noted the tweet back in early April via Jeremy Gardner @Disruptepreneur: "OTC market demand for bitcoin right now is unlike anything I’ve ever witnessed. Several asks for multi-billion dollar blocks..."

>Read the original source. Also, read a story carried by NY Times on the same topic.

># 6 Bitcoin Market Opens to 1.6 Billion Muslims</strong>

>An Islamic scholar recently declared Bitcoin “permissible” under Sharia law, which opens the market to 1.6 billion Muslims around the world.

>‘Is Bitcoin Halal or Haram: A Sharia Analysis,’ a report written by Muhammad Abu Bakar, a certified Muslim legal expert, analyzes whether cryptocurrencies fall under halal or haram (prohibited) based on Islam’s strict definitions of money.

>Read the full article at iconow.net

># 7 End of US Tax Season Clears the Path for Fresh Capital</strong>

>"Selling pressure in cryptocurrencies could ease after tax day", those were the words from Tom Lee, the head of research at Fundstrat Global Advisors.

>Lee was quoted via Bloomberg earlier in April:

>"The April 15 income-tax filing deadline is contributing to crypto’s falling prices as investors who won big betting on the digital tokens sell some of their remaining holdings to pay $25 billion in capital-gains levies, Tom Lee, the head of research at Fundstrat Global Advisors, wrote in a note Thursday. Bitcoin dropped more than 40 percent over the past month, including a 2.4 percent decline on Thursday to $6,664 as of 9:39 a.m. in New York.

>“This is a massive outflow from crypto to dollars,” Lee wrote. “Historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value.” Lee says that $25 billion prediction -- derived from his estimate that U.S. households had $92 billion in taxable gains from cryptocurrencies in 2017 -- would represent 20 percent of capital-gains tax receipts to the U.S. Treasury. He estimates total capital gains receipts will hit a record $168 billion for tax-year 2017."

>#8 Technical Breakout Sees Further Shorts Liquidation</strong>

>The area of resistance at $9k represents a major hurdle, so when it broke, some shorts saw their stops triggered which creates an initial flash-type move on the combination of shorts buying back to close their positions and new longs coming in.

>

>To gain access to additional stories on Bitcoin, find below a timeline of the most relevant headlines in recent times. One can visit CoinLive's 24/7 News Terminal </strong> to gain access to all the news stories.

>

>Anybody in the bitcoin sphere delve deep into what economies actually look like and function using bitcoin as default world currency/reserve?

No. We're all just a bunch of "lambo moon boys" and none of us have any formal study or experience in the world of economics. ^(/s)

You do realise that this is a multi-billion dollar industry? A lot of very smart people have spent a lot of time and effort examining this from many angles.

If you want a good introduction to what a world based on Bitcoin might look like, I'd recommend starting off with forgetting about Bitcoin specifically and first reading some of the basic works from the Austrian economists such as Ludwig von Mises and Friedrich Hayek. Once those concepts are in your head (whether you agree with them or not), then move on to "The Bitcoin Standard" by Saifedean Ammous (which also spends over half the book not talking about Bitcoin before it finally does; for good reason).

The reason I suggest to start off with the Austrian economists is that you need to first realise that you've got a lot of assumptions that might not necessarily be grounded in reality. One of the most common that I see for example is people saying, "deflation is bad!" as a general rule without further context. I agree that under our current economic model, deflation causes significant issues, but things that are true under our current model are not necessarily true under every model.

>Any experts that talk about the reality of Bitcoin adoption?

As above, Dr Ammous is an economist with multiple degrees in relevant fields. I think he qualifies as at least one kind of expert.

There's also myself, but since you don't know who I am and I have no intention of linking my pseudonym to my real name, any credentials I say that I hold are something you'd just have to trust me on, and I fully understand you have no reason to.

>And also, what will psychological make people trust a newly created digital asset class? It's untested.

Everything new is untested and untrusted at some point and over time this changes. I've seen enough "new tech" in my lifetime to know that this really isn't such an issue.

>And whether true or not people will assume it's 'so-called' security will eventually be compromised as just about every technology becomes obsolete and has breaches. I'm talking public opinion.

This is a combination of education and experience. Everybody knows that theoretically banks can get hacked, but they still trust their money to the bank. Even if they wrongly assume that Bitcoin is somehow able to completely compromised (and this definitely is wrong, because it's based on a false assumption of how the network operates), they only need to trust it to a similar or greater level than their bank in order to be willing to use it. And for that trust to be built, it only takes enough time of the system not being compromised.

That presupposes I'm interested in convincing you. You know it's funny, while your post inspired my initial response the reason I laid it out with the challenge at the end was to see if this community (well known as staunchly anti-crypto) could lay forth a convincing argument about why it would be wrong or why I should pull my money out. Perhaps something about the limitations of the technology, discussion of the effect of a recession or a potential black swan event I hadn't considered that showed someone had actually taken an objective look at the value proposition of bitcoin/cryptos and said I can't possibly add this to my portfolio. Instead what I mostly see are tired outdated talking points about crypto and ideology (index funds > all) of FI as outlined by people like MMM. There's nothing wrong with the principle tenets of FI and I follow them very closely but I also actively look at my portfolio to see how it can be enhanced or diversified through various investment instruments with varying levels of risk. Your OP represented to me that this sub would rather just not think about anything other than 3 fund portfolio index funds. Perhaps that's fine for the average person but I can't help but take a critical eye to everything I do with my money to maximize return while minimizing risk. Hence why I think bitcoin/crypto is worthy of discussion in this forum and further why I think it should be part of your portfolio (however small that may be). In any case, I find it humorous because we're coming from opposite ends where you say my argument is the 'least shitty' while I look at the likely thousands of people who have entered this topic and not one could provide a definitive argument of why my challenge is wrong or why I should not invest. It's almost disappointing that some of the smartest people on the planet gathered into this community with incredible foresight and outside the box thinking toward FI could not come up with something better.
You in particular have offered less than nothing, implicitly agreeing that I am correct with my challenge and even outright trying to misinterpret the spirit of the question to somehow turn it against me. Sad, really but that's the state of things. Many will come around to this space when it's too late or not at all but I suppose that is their loss, not mine.


In any case, if I were to indulge your supposed good faith inquiry as to why you should invest in bitcoin or otherwise, I would start by reading the white papers for Bitcoin and Ethereum. It will help you understand the first generation of a public blockchain as compared to the second generation which offers greater versatility than a simple digital distributed ledger.


A good book to read on why cryptos are a good investment would be the one I linked below. They highlight a lot of why an uncorrelated asset like bitcoin, despite the risk and volatility, actually reduces the risk of your overall portfolio.


If you're interested in a professional trader's opinion, I would check out this video by Bob Loukas on the "bitcoin cycle". He specializes in asset bubbles and believes bitcoin operates like an emerging asset going through several cycles as adoption increases. It's tied to the economic policy built into bitocin via the halvening, cutting supply issuance in half per block every 4 years.

Here's another interesting article for the case of a small allocation of bitcoin.

Searching youtube for Andreas Antonopoulos, he talks a lot more theory about why bitcoin is revolutionary.



There are other resources of course but frankly I think we are wasting key strokes on one another. It is quite likely one of us will be thoroughly embarrassed in the next few years and I really don't think it will be me.

Blockchain Basics is probably the best high level overall business blockchain book, which focuses on proof of work mostly.


Blockchain Revolution is a good use case book. Not technical, but gets a little sci-fi with how blockchain may be used in the future.


But if you want technical, the best I've found is Mastering Bitcoin.


Business Blockchain was pretty good and gave me ideas for a couple extra slides for my Blockchain 101 presentations throughout my company.


But Book of Satoshi was probably my favorite read. It was great to get a slight history of bitcoin and see some of Satoshi's views from his perspective.

>So Bitcoin’s main goal is to let people use their money when/how/where they want and replace or bypass the banking system of the world?

Bitcoin has no main goal. It's just a ledger. It trustlessly moves tokens on a digital ledger between parties that don't trust each other.

>Is there an endless amount of Bitcoin available to the world ie printing paper and susceptible to inflation/deflation?

Bitcoin is deflationary. There will only ever be 21 million coins. A certain number are mined every 10 minutes. Every ~4 years the distribution amount halves (we call this the halvening).

>“Okay I’m ready to buy some bitcoin but this site is charging a fee for my purchase”. Where is a good place to buy bitcoin from the U.S. without having to pay a fee?

Limit orders on a professional exchange like Coinbase Pro or Gemini often have low/no fees. This is the best way to go about it.

>What is the state of Bitcoin ie is it close to being recognized as a form of currency on the world stage and from governments? If not, what would it take for Bitcoin to surpass say an entire continents financial system and maintain a regular usage instead of paper notes?

World governments are very differing in their positions on Bitcoin. Iran for example isn't a big fan. Venezuela's government isn't either, but their citizens are. The G5 countries are tolerating (and taxing) crypto earnings. The SEC is regulating some of the projects in the space. Merchants do accept it for payment, but the tax structure makes it harder to spend as a day-to-day currency currently. Calculating capital gains on every purchase of coffee is a PITA.

>Can Bitcoin handle Billions of people using the system for daily use? Is this where other crypto currency’s come into play to fill the void of an overloaded system?

Right now? No. But Bitcoin is scaling up slowly. Other crypto currencies are mostly pump/dump scams that serve no real purpose. They would have issues scaling up to a large payment network without compromising decentralization. Check out the lightning network, segwit, schnorr signatures a bit technical, but you can find some great summaries.

>Does Bitcoin become the “gold standard” and nations start to utilize hoarding Bitcoin or will it turn into nations valuing their own currency against Bitcoin like the world values everything against the USD? (If that last part makes sense)

Here's a great book. https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

It's hard to go back and try to find what really clicked about Bitcoin. I had kind of a background on network security and cryptography (although not at the level to be a Bitcoin developer myself, unfortunately...).

I first heard about Bitcoin on the Security Now podcast probably in 2013 and completely ignored it. I didn't know anything about investing, money or the economy so I just didn't care.

Later in 2015/2016 I started to hear about it again. I was starting to get interested in economy, finance, valuation and all that stuff. So I've tried to read the wikipedia article about Bitcoin and didn't understand any of it. Public ledger and all that stuff...

Then finally I've stumbled on the original Bitcoin whitepaper. Read it. Loved it.

I was lucky enough to have just enough background in cryptography to understand it. It's very well written, very easy to read. You should read it if you haven't done it already. I believe you only need to have an idea of what a hash function is and what public key cryptography is to understand it pretty well.

Then I've started to dive into the question of "What is money?". Everyone will have a different opinion on it. In my opinion money is just a technology to help people make transactions and if possible to store some value that can be used in the future...

I've read The Bitcoin Standard which is kind of interesting and the famous post Shelling Out: The Origins of Money by Nick Szabo which some people believe might be the real Satoshi Nakamoto.

I really don't care if some economists believe that money needs "intrinsic value" or it needs to be "backed" by something. If you are trading it for goods and services and you can store it it is some sort of money.

And then there are some properties that makes some money more desirable than another.

Some of the properties of Bitcoin are very similar to the properties that make gold a good store of value. It is kind of neutral, nobody controls it, there's a limit amount of it. But it adds a lot of stuff that can make it better than gold:

• It's digital.
  
• Easier to transact.
  
• Easier to transport.
  
• Easier to conceal.
  
• You can travel with millions in Bitcoin without being noticed, without putting yourself or your family at risk (just imagine if you're running from war in your country)
  
• Easier to prove you own it.
  
• Easier to prove it's real and not a counterfeit.
  
• When demand goes higher you can't create more supply of it. (You can produce more physical gold by using more miners and machines when demand goes higher. But you can't create more Bitcoins/time)
  
• You are not dependent on monetary policies that change over time and might be subject to political and social influence. The monetary policy was defined on its creation. No one can change it.
  
• Bitcoins stock-to-flow will be greater than gold on the next halving. And will keep doubling every 4 years.
  
  I can certainly remember some more properties that make it more interesting than gold. But of course it doesn't have the track record. It just didn't exist 1000 year ago... It is not a good electrical conductor and it is not shinny and beautiful. ¯_(ツ)_/¯
  
  Bitcoin might not work out but it looks like a good asymmetrical bet to take. Gold current market cap is around $7 Trillion. Bitcoin's market cap is around $150 Billion...

If I may - I humbly recommend to read a proper book on bitcoin, not some fluff piece.. Just assuming from the way that you chose your post title that you might be interested in a more substantial bitcoin reading :) Please ignore if that's not the case, don't wanna ruin your reading pleasure or anything.

Economic perspective: The Bitcoin Standard - The Decentralized Alternative to Central Banking

Not technical at all, very beginner friendly, but also not a lot of practical information: The Internet Of Money

Gently technical, beginner friendly: Inventing Bitcoin: The Technology Behind the First Truly Scarce and Decentralized Money Explained

Technical deep dives:

• Mastering Bitcoin (also available for free online, as it's an open source book)
  
  
• Programming Bitcoin
  
  
• Grokking Bitcoin

Every paper currency in the history of the world has gone to ZERO. Think this time it will be different? Maybe its to visit whose running the Fed Reserve & there track record. Come to find out the foxes are guarding the hen house. How much has the dollar lost value since the private banking cabal took us off the gold standard.

Just figured I leave this here since inquiring minds want to know!!!!


Maybe its time to revisit how the Federal Reserve bank was created....

Century of Enslavement: The History of The Federal Reserve https://www.youtube.com/watch?v=5IJeemTQ7Vk

Glenn Beck Exposes the Private Fed https://www.youtube.com/watch?v=vB5LK-jihgk

G. Edward Griffin, the author of the bestselling The Creature from Jekyll Island and a long-time Federal Reserve researcher, explains:

"We pick up the story, appropriately enough, under cover of darkness. It was the night of November 22, 1910, and a group of the richest and most powerful men in America were boarding a private rail car at an unassuming railroad station in Hoboken, New Jersey. The car, waiting with shades drawn to keep onlookers from seeing inside, belonged to Senator Nelson Aldrich, the father-in-law of billionaire heir to the Rockefeller dynasty, John D. Rockefeller, Jr. A central figure on the influential Senate Finance Committee where he oversaw the nation’s monetary policy, Aldrich was referred to in the press as the “General Manager of the Nation.” Joining him that evening was his private secretary, Shelton, and a who’s who of the nation’s banking and financial elite: A. Piatt Andrew, the Assistant Treasury Secretary; Frank Vanderlip, President of the National City Bank of New York; Henry P. Davison, a senior partner of J.P. Morgan Company; Benjamin Strong, Jr., an associate of J.P. Morgan and President of Bankers Trust Co., and Paul Warburg, heir of the Warburg banking family and son-in-law of Solomon Loeb of the famed New York investment firm, Kuhn, Loeb & Company. The men had been told to arrive one by one after sunset to attract as little attention as possible. Indeed, secrecy was so important to their mission that the group did not use anything but their first names throughout the journey so as to keep their true identities secret even from their own servants and wait staff. The movements of any one of them would have been reason enough to attract the attention of New York’s voracious press, especially in an era where banking and monetary reform was seen as a key issue for the future of the nation; a meeting of all of them, now that would surely have been the story of the century. And it was. Their destination? The secluded Jekyll Island off the coast of Georgia, home to the prestigious Jekyll Island Club whose members included the Morgans, Rockefellers, Warburgs and Rothschilds. Their purpose? Davison told intrepid local newspaper reporters who had caught wind of the meeting that they were going duck hunting. But in reality, they were going to draft a reform of the nation’s banking industry in complete secrecy."

The Creature from Jekyll Island : A Second Look at the Federal Reserve http://www.amazon.com/The-Creature-Jekyll-Island-Federal/dp/0912986212

G Edward Griffin Creature From Jekyll Island Second Look at the Federal Reserve https://www.youtube.com/watch?v=Dba9OY0QatU

More Input: The Secrets of the Federal Reserve http://www.amazon.com/Secrets-Federal-Reserve-Eustace-Mullins/dp/0979917654

Free Copy http://www.apfn.org/apfn/reserve.htm

I like your comment. Fair enough. The main reason is a certain frustration due to reading incorrect claims that people repeat because they heard it before, but spent absolutely zero time validating.

I've had a few chats where I tried to educate and share but realized the other person never really researched it much and just kept repeating the same common myths over and over again. "It's a ponzi" "Tulips" "Miners control it" "Same as any other coin" "too slow for coffee" "Criminals" etc, etc without the slightest interest in putting some time to check the facts.

Now and then, someone appears and really wants to learn, which can be satisfying. I'm still learning a lot and also dismissed it as nonsense years ago (wasted time), but at least never claimed to be sure before researching - it was more of a "Meeehhh don't think so, seems nonsense" and that was it. it's fine to be skeptical, I am too, but I don't think it is fine to dismiss things so publicly with these claims, without putting any time into validating them. That is noise. Fake news.


Of course it doesn't help that the "Crypto" scene is full of scams and absolute nonsense. I'm not into "crypto" or "blockchain" in general anymore because with time I realized only BTC (the oldest, longest original chain) was worth taking seriously. All the other tokens/shitcoins are an absolute waste of resources in almost all cases.

If you're curious, I'd recommend checking out these three sources for a start, as they are technically competent and legit:


-Saifedean Ammous' book (mostly about money, but also partially about BTC)

-Andreas Antonopolous videos (half are technical, the rest a bit higher level)

-Jameson Lopp's list of resources (a mix of content)

The learning curve is steep, but very rewarding. After just a bit you won't be producing these posts anymore because they won't feel accurate. That doesn't mean BTC is flawless or guaranteed to succeed, it's still highly experimental, but certainly not the nonsense some claim it to be before looking into it.

Interesting.

The issue for you here is that BI is really just expected to know SQL, Excel, and Tableau. Maybe some very light programming in R or SAS; but honestly if you knew python reasonably well you would probably have a major advantage over everyone else in most BI departments. I imagine your company changed titles for this exact reason when they realized they didn't need the full skillset of a data scientist/analyst (or didn't want to pay for it). Anyway, most of this stuff is not directly applicable to blockchain so even though you would hypothetically have more credibility simply by the fact you are working with technology, I don't know if it would necessarily give you enough to make the jump to blockchain. An equal concern would be you getting the experience necessary to do so which as I mentioned is not likely.

Of course if you really feel this is your best way to move into tech then by all means go for it. But if I were in your shoes, I would take a second look at cloud. Building cloud based applications will give you experience that is very directly applicable to what you are trying to do. There's also more ways into cloud than data. You can come in through a lower end web/frontend role or even a devops/admin role. There's a lot of resources and employers are more willing to hire 'unconventional' candidates because they need more bodies coding. You can get by with self-learning and then build something eye catching.

I'm not sure if you have seen this already but you might look into this book:

https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?ie=UTF8&qid=1527055715&sr=8-1&keywords=blockchain+python

I have read parts of it and it seems very good. It approaches the topic from a programming perspective though, but after you learn python it could be useful to you to align your knowledge of coding with blockchain.

My main attempted ventures were foreign currency exchange. It's one of the easiest to get into and relies on a mix of statistical analysis and news analysis.

Sites:

http://www.babypips.com/

Stupid name, but takes everything step by step and has great tutorial for complete newbs.

Books:

Kathy Lien writes really good books on Forex:

http://www.amazon.com/Day-Trading-Swing-Currency-Market/dp/0470377364

http://www.amazon.com/gp/aw/d/047077035X/ref=mp_s_a_1_2?qid=1464571290&sr=1-2&pi=SY200_QL40&keywords=Kathy+Lien&dpPl=1&dpID=51nNzKy09mL&ref=plSrch

My plan was to do some hardcore studying and practice using simulation sites, and once I could consistently turn a profit above 5 or 6% (less fees, etc), I would do it for real.

Good luck!

No worries mate, if you could read everything and understand everything then you would literally be an economist at an investment bank! But, if you read even half of it and understand even 10% of that, I'd say you are still better informed than other laypeople who only consume economic news as prepared by the news media. That is the real garbage clickbait, or worse, actual misinformation, and just knowing to avoid that is a big step forward.

How to understand more ... I guess the short answer of getting a degree in a related field is a bit obvious, and I assume you are beyond that stage for whatever reason. If you accept that you are a layperson not in the field, cracking a book open is still a worthy option. The usual list of popular intro college level texts are easy to find (Mankiw, Hubbard, Mishkin, Bernanke, etc). I've actually thought about making posts of just one or two paragraphs from texts like these. Maybe I'll get around to it...

One book category that is overlooked are biographies, most prominent Fed members will have one, and they write these things to give an accessible/public understanding of what they did in their career. It's a great way to hear their reasoning about things without getting bogged down in academic details. I'd call out this one as my favorite.

There is another book category of pop-econ, or if done well, you could call them quasi-textbooks. Some are good, but unfortunately there can also be a lot of dumb filler material that should be avoided. One I'd call out as good is this one, and also this one.

In the long run though, you will need some news source. Knowing what not to consume is just as important as knowing what you should. My advice, don't consume general news media. Don't be one of the nutjobs who ends up posting on r/economics "Buy gold, the collapse is imminent", or "We must fulfill our duties for the coming revolution as required by the Creator", you don't wanna end up like that.

This sub was meant to show what actual economists are saying about the economy, and how they look at things. Some sources are more accessible than others. But even skimming the ones you don't understand will still help. You can of course just pick out those sources you do like and follow those, the sidebar has a large number of sources collected for you. I'd say UBS and Center State Bank are good starting points. See also the sidebar link "National Economic Data Summary", this is a great description of all the major macro variables in one place.

Hope this helps!

I find it interesting that so much people on here feast on the losses of others.

Yeah it's down <20% in a day but it's still back to the value it was 3 days ago.

Invest in it or don't. It is speculation but the technology behind it is still very interesting and promising.

I recommend this book to anyone who wants to learn more about BTC and the whole blockchain technology:

https://www.amazon.ca/gp/product/1119300312/ref=s9u_simh_gw_i1?ie=UTF8&pd_rd_i=1119300312&pd_rd_r=367e0e64-d5e4-11e7-8608-8970f4803fc8&pd_rd_w=bMYm0&pd_rd_wg=L5q8E&pf_rd_m=A3DWYIK6Y9EEQB&pf_rd_s=&pf_rd_r=JG9T72GDBKS21XR15HRJ&pf_rd_t=36701&pf_rd_p=07871b8e-d32a-4963-b98f-ba712077f7f5&pf_rd_i=desktop


And yes I did invest in Bitcoin over the past year. I find it's a nice diversification to my stocks portfolio.

My suggestions:

1. Check out pro.coinbase.com and learn how to use it. You'll use the same credentials that you do on coinbase, but save a lot on fees.
   
2. Don't bother with all the alt-coins.
   
3. Start purchasing Bitcoin with each paycheck.
   
4. Read "The Bitcoin Standard" (https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861)
   
5. Get a hardware wallet (I recommend Trezor) and start storing your Bitcoin on it.
   
6. Research the benefits of decentralized exchanges, learn how to use one (I recommend Bisq), and if it meets your needs, start using it as soon as possible.
   
7. Read "Mastering Bitcoin" (https://www.amazon.com/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042)
   
8. Develop a long term outlook, don't worry too much about price swings.
   
   From your post, it sounds like you might be interested in just trading. In that case, my suggestions won't help a lot. I think that the majority that try trading end up losing. If you do decide to buy/sell/trade, be sure to spend some time learning about trading, limits, stops, strategies, etc. Start small, win some, lose some, learn some, before going in big.

If you want an introduction to the Financial Markets and banking in general I can recommend you:

• Mishkin: Economics of Money, Banking and Financial Markets.
  This was one of the mandatory books at the Amsterdam University when studying banking. It is an excellent book dealing with most of the the issues you mentioned. It starts of with very simple and general questions like "What is money?" and goes all the way to complex issues like investment theories and transferring mechanism of central banks. The author really takes the time explain things with lots of comparisons and metaphors. I'd recommend this book to everyone looking to understand the financial markets and institutions.
  
  
• If you want and introduction to financial instruments and derivatives I'd recommend: Valdez: An Introduction to Global Financial Markets. Don't let the name fool you. This book assumes you already have some basic knowledge of the financial markets. It tries to explain instruments and fluctuations in text and mathematical theories rather than in big images and examples like Mishkin does so some math skills would be advantage. The books focuses more on instruments and the theories behind them.
  
  Also http://www.investopedia.com/ is a great place to learn more about investments economics and banking.
  
  

>> if LN or any second layer solution is the preferred scaling method it would take ~8 years for 1Billion users to open just one LN channel, no other commerce happening on chain just opening LN channels
>
>
> In order to make it a fair apples-to-apples comparison, please think about what will happen if these 1Billion users decide to buy their morning coffee using BCH on the same day?
>
>
> I'll tell you. Only these coffee purchases alone will instantly create at least a 220GB backlog in the BCH mempool. Which will take around 48 days (!) to clear with full 32MB blocks. Of course assuming that no other commerce is happening on chain.

• If BTC can only scale on second layers ---> custodial solutions, see - Why is BTC Hard Money and all forks are Shitcoins BTC White Paper 2.0
  
  
  Now what most Core maximalists fail to grasp: I and many others are not against 2nd layers see - the need for 2nd layers Emin Gün Sirer - Scaling Bitcoin x100000: The Next Few Orders of Magnitude we favour letting the system (blocksize) grow as it had been up to 2016 & see where it can get us
  
  
  the fundamental difference
  
  
  
• BTC: 1 Billion entities to be soverign over their own money on 1MB BTC it would take about 8 years for each to get 1 channel open which is clearly unrealistic and so leads to custodial solutions - Hal Finney Bitcoin Backed Banks.
  
  
  
• BCH: Now with only 50MB blocks those same Billion people could put their discretionary spends into a 2nd layer solution once a Month (your math) and perform as many tx's as they like during that month, while still being soverign over their own money.
  
  
  Though we are actully aiming for 1GB blocks, see - jtoomim: My performance target with Blocktorrent is to be able to propagate a 1 GB block in about 5-10 seconds to all nodes in the network that have 100 Mbps connectivity and quad core CPUs. bringing channel opening for 1 Billion people to every other day plus 25% left over for all other "Big Commerce" (your $200 Million transfers.)
  
  
  The BTC future clearly is a custodial one for most people. BCH - jurys still out, I am not even against custodial solutions, I assume a hard money standard would still be a better system than what we currently have.
  
  
  I personally am not 100% convinced either way, Unforkable Ultrahard Money (BTC) or a money that can at this early stage still incorporate the best ideas of the space CTOR etc. eventually forking less and less until it too is unforkable. The latter being the better long term option imo, is the BTC protocol currently optimal? I am hedged either way are you?

It is more like a high school final exam, not too difficult. Depends how much you know about bitcoin though. Funny thing is, the exam requires payment in bitcoin only, and that is a test on its own. If you used bitcoin wallets to transact you are probably half way through.

Here is the study guide

https://cryptoconsortium.org/wp-content/uploads/2019/08/CBPStudyGuide.pdf

You can just use this to research the internet to clarify those aspects you don't know. The generic questions such as what is money etc are easy. Concentrate on cryptography, mining and wallets, i.e. the technical stuff specific to bitcoin.

The exam is mostly true/false choices, but pace is very fast. You have to answer questions within 16 seconds on average (20 minutes for 75 questions).

If you use bitcoin on a regular basis you are probably a bitcoin professional without the exam.

Andreas Antonopoulos, who is on board of this exam, can answer almost all your questions. Just google topics, and if you see one of his videos definitely watch it. Last but not least, if you read through his book Mastering Bitcoin you are good to go.

Free book here https://github.com/bitcoinbook/bitcoinbook

Buy on Amazon https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=dp_ob_title_bk

You should read The Bitcoin Standard, you see value from a weird standpoint. Generally, things gain monetary value because of how hard they are to obtain or create. Bitcoin is the more pure form of decentralized digital scarcity that no other coin can replicate. Bitcoin will always have value unless someone finds a way to make it not scarce anymore. Things like commodities are essentially the same way, sunlight is useful for creating energy but because it isn't scarce it has no monetary value, but something like oil which require work to get from the ground and refine to make usable energy, it then has value because of its scarcity. Bitcoin is in the same vein where it creates a digital entity that is scarce while also being digital which was never done before without a controlling 3rd party.

I love it:
https://www.amazon.com/Token-Economy-Blockchains-Contracts-Revolutionize/dp/3982103827/ref=mp_s_a_1_1?keywords=token+economy+shermin&qid=1564816048&s=gateway&sprefix=token+e&sr=8-1

Somebody needs to ground me again. I am so bullish while reading this book. Give it a try. I thought that I already read a lot and knew how to explain the Ethereum ecosystem and blockchain in general. I was wrong. This book is awesome. Easy to understand, great read, all general topics covered with many references and links for a further deep dive in the topic.
I could convince monkeys to buy Ether after this read.

About the Author

Shermin Voshmgir is the director of the Research Institute for Cryptoeconomics at the Vienna University of Economics, and the founder of BlockchainHub in Berlin. In the past, she was a curator of "The DAO", and advisor to various startups like Jolocom, Wunder and the Estonian E-residency program. In addition to her studies at the Vienna University of Economics, she studied film and drama in Madrid. Her past work experience ranges from Internet startups, research & art. She is Austrian, with Iranian roots, and lives between Vienna and Berlin.

TED Talk with her: https://youtu.be/JPGNvKy6DTA

There are a lot of great resources available. It looks a little daunting at first, but I highly recommend reading the original bitcoin whitepaper, and then spending some time watching some videos. I would first recommend this one, followed by anything that looks interesting to you from Andreas Antonopoulos - He literally wrote the book on bitcoin.

Day Trading and Swing Trading the Currency Market by Kathy Lien (a free pdf is available online, I didn't link it so it doesn't get too much notice and is taken down) is also a great book to start with, for beginners especially. She goes into fundamental analysis to some extent, and there is a very helpful formal approach she discusses in Chapter 8, on how to develop a trading plan.

StockCharts has some great articles. There was one by Andrew Aziz, I think, on studying candlesticks in charts. Or it can be that people are just blatantly copy-pasting. I have seen Kathy Lien's chapters ripped off and claimed by some other authors as their own.

u/TheGreatMuffin gave you golden advice. you need a solid philosophical foundation of what bitcoin is - otherwise you'll get rekted by the price and fud.


start with andreas antonopoulos - watch every single video no matter how old they are or how long they are because all of the info is relevant to today. the q&a after his talks are sometimes even more valuable than his lecture.


then for a deep dive visit jameson's site to get into detail about what andreas talked about. andreas also has a couple of books:

https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=sr_1_2?s=books&ie=UTF8&qid=1540574615&sr=1-2&keywords=internet+of+money&dpID=4137Zf9hIaL&preST=_SY344_BO1,204,203,200_QL70_&dpSrc=srch
https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?s=books&ie=UTF8&qid=1540574648&sr=1-1&keywords=mastering+bitcoin&dpID=51nnYGq964L&preST=_SX218_BO1,204,203,200_QL40_&dpSrc=srch

​

also check out saifdean ammous' book: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861


very easy read and a clear explanation to the economic significance of bitcoin. good luck.

>part of [the reason for the abolition of money] is the removal of objectifying relations between people

Objectification is generally defined as something which treats a person as a thing. I haven't seen it refer to treating a relationship between persons as a thing. I assume you mean to highlight money's role in enabling objectification. While money does objectify some concepts, for example time, it does not objectify people. It can be utilized as an enabling technology which allows some humans to objectify others, but money is not doing the objectification. One could consider money a 'unit of objectification' if you will.

Martha Nussbaum (1995, 257) has identified seven features that are involved in the idea of treating a person as an object:

• instrumentality: the treatment of a person as a tool for the objectifier's purposes;
  
• denial of autonomy: the treatment of a person as lacking in autonomy and self-determination;
  
• inertness: the treatment of a person as lacking in agency, and perhaps also in activity;
  
• fungibility: the treatment of a person as interchangeable with other objects;
  
• violability: the treatment of a person as lacking in boundary-integrity;
  
• ownership: the treatment of a person as something that is owned by another (can be bought or sold);
  
• denial of subjectivity: the treatment of a person as something whose experiences and feelings (if any) need not be taken into account.
  
  All of these features of objectification can be accomplished with or without money. When we consider money in and of itself to be the issue, we err, because money is a consequence of scaling up post-agricultural human societies, not the other way around. For example, slavery, which certainly most of us would agree is objectification, or requires objectification, is found in non-hunter-gatherer (agrarian) cultures where there is no money. Interestingly, hunter-gather societies rarely take slaves. Some semi-agrarian cultures, such as some Native American cultures, or tribes such as the Yanomamo feature violence and slavery, all without money. So, I conclude that it is post-hunter-gatherer human culture which creates objectification, as objectification so far has been a key element to scaling up human groups. We can certainly become more mature, aware, and sophisticated in our understanding of the deleterious effects which come with objectification, but it is not necessary to eliminate money in the process. I do think money could use some more thought though. And I have hope that some of the deleterious effects of money can be remediated by a more sophisticated approach to money as examined in Rethinking Money by Lietaer, and Dunne.
  
  Related articles:
  
  http://www.psychologytoday.com/blog/freedom-learn/201105/how-hunter-gatherers-maintained-their-egalitarian-ways
  
  http://www.slideshare.net/PaulVMcDowell/reverse-dominance-hierarchies
  
  http://measureofdoubt.com/2011/10/20/what-is-objectification-and-whats-wrong-with-it/
  
  http://lesswrong.com/lw/4vj/a_rationalists_account_of_objectification/
  
  edit: grammar, spelling

Buy and read these books (first):

Bogle on Mutual Funds https://www.amazon.com/gp/product/111908833X/ref=oh_aui_detailpage_o07_s00?ie=UTF8&psc=1

Bogleheads Guide to Investing
https://www.amazon.com/gp/product/1118921283/ref=oh_aui_detailpage_o06_s00?ie=UTF8&psc=1

The Four Pillars of Investing
https://www.amazon.com/gp/product/0071747052/ref=oh_aui_detailpage_o00_s00?ie=UTF8&psc=1

After reading those, download Robinhood and put $100 in (no more) and play around for like 6 months before even thinking about trying to play with larger amounts.

-- OR - skip Robinhood and download "Betterment" and just slowly put money in there and build some wealth.

Happy Learning.

I don’t know how I knew. Maybe you have a youthful and optimistic writing voice.

I’m 37, and I actually manage money for a living as an RIA (registered investment advisor). If you’re unsure about a career for yourself, I’d highly recommend it. Someone only 20 years old with your expertise would have no trouble getting into the business and be very successful.

Using Bitcoin or any hard currency as opposed to fiat adds immeasurable value to society. Read “The Bitcoin Standard” by Saifedean Ammous and your perspective will be expanded

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861 and buy

And get a copy of the reference tome: Options as a Strategic Investment

https://www.amazon.com/Options-as-Strategic-Investment-Fifth/dp/0735204659

And your investment game will be better than most advisors by the time you’re 22. That’s the best advice I can give👊

I've heard this argument before, and the nothing backing it really makes no sense. I initially thought the same thing. What it represents is a transfer of value. Understanding the history of "currency" from Rai stones to jewels to precious metals on to government based fiat really explains the value in this.

If you care to see why crypto currency makes sense, I would strongly suggest reading The Bitcoin Standard: https://www.amazon.com/dp/1119473861?ref=ppx_pop_mob_ap_share

Outstanding answer my man!! I have been interested in getting into blockchain development as well, and I am planning to do a project on it for my networks course this semester. My experience mainly lies with C++, and I'm comfortable with sockets as well in it(boost and regular UNIX sockets), I also did take a distributed systems course as well.

Any ideas for a semester long project? I am currently reading [this] (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=dp_ob_title_bk#reader_1491954388) and this to get started.

I just got done reading Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond. It was fantastic. It went into all sorts of discussions about the various phases that assets grow through; how speculation, volatility, and price discovery all evolve together; different ways to categorize crypto assets; how to think about crypto assets as part of a larger portfolio; red flags that have proven true; and similarities/differences when doing either fundamental or technical analysis when compared with more traditional assets.

Online resources are great - but I'd also advise a good book.

A good book will contain accurate, well-researched, information and is easier to learn from than the, sometimes conflicting, online information.

Mastering Bitcoin by Andreas Antonopoulos comes highly recommended.

https://www.amazon.co.uk/Mastering-Bitcoin-2e-Andreas-Antonopoulos/dp/1491954388/ref=pd_sim_14_3?_encoding=UTF8&psc=1&refRID=0HP80T1Q51BYJ4PT1182

This being a public internet forum, it suffers as any large group of lay people would, you just can't expect there to be any standard of quality in who is commenting. I hate to be a pessimist but I really feel like, the larger the group of people, the more uninformed the majority view will be. A mass audience of lay people when confronted with technical material just will not have anything to say. You could take the highest quality economic analysis and go to a shopping mall and wave it around, and the best possible outcome is people being silent and considering it. Listening to everyone's opinion is not going to teach you anything.

Yeah for sure, my favorite casual audience book is this one

For websites I am obviously partial to this subreddit =P The sidebar has many links to commentary straight from economists (a daily sample of which is posted as threads here), so if you read them over time you will gain a better understanding. The much more important point is to just avoid, avoid, avoid mainstream media and journalist attempts at covering economics. Sometimes it's just bad, but other times it is downright misinformation with political motivations. Journalists are not economists, they don't want you to remember that.

You're not wrong about a lot of that, but you're wrong on bitcoin. While it might not pay lots of dividends, I wonder exactly what % people gained simply from the forks, bitcoin cash, bitcoin gold, and bitcoin diamond? Probably a lot more than any dividends in the stock market.

Bitcoin is not at all bad as an investment, that's absurd. So is the "Maybe we're about to lose it all" stuff, it goes back to the 80% doesn't know anything about the tech statement you made. We know the US isn't banning it, we know China isn't banning it, we know Korea isn't banning it, we know Japan embraced it. The only risk to crypto, is that some quantum computer cracks it. That's not to say the price is guaranteed to go up over any short timeframe, it's just to address the often said, but always wrong assumption that there's some high probability of it going to 0.

The tech behind all of this, will build the new internet, and it'll be based on tokens as a financial incentive which allows for decentralization, so long as the other tech exists, and BTC is the crypto you buy to access these tokens, BTC has a bright future. I'll again recommend my favorite book on crypto, cryptoassets, it does a good job of explaining things in a way people can understand.

Edit: Really? Downvoting a book? I get that some of you don’t like bitcoin but come on, that’s ridiculous.

This is a good book to get the basics down.

https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

It took me months before I felt like I actually understood it though. I've personally never come across a single person who understood blockchain/crypto enough to speak intelligently about it's intricacies but despite that still thought there was no place for it in the future. The hardest thing to wrap your mind around is how it isn't just a digitized version of traditional assets, yet it's hard to discuss with those unfamiliar with it without making comparisons to equities, commodities or currencies. But it doesn't quite fit into any of those boxes.

Anyway, that's a really good book to give you a broad overview. Then you can decide for yourself if you think they're the future or not. FWIW, I decided they were a few years ago and needless to say I do not regret making that decision.

I really like Andreas antonopoulos’ The Internet of Money Series. I support him on patreon too and have learned a ton there. https://www.patreon.com/aantonop
Jimmy Song’s programming bitcoin just came out and is good!
I also used Pamela Morgan’s cryptoasset inheritance planning to make sure my crypto is secure and my family will get it if something happens to me.

'Replace' Gold as currency standard? Afaik Gold and USD were decoupled under Nixon since 1971. But a reintroduction this time using bitcoin... that'd be great.

That's also what Saifedean Ammous is talking about in his "The Bitcoin Standard".

It's a great piece of work! Everybody interested in bitcoin should have a look into it!

The following comment by BitcoinReasons was silently greylisted.

The original comment can be found(in censored form) at this link:

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The original comment's content was as follows:

---

> Do some research on Bitcoin’s stock to flow. I would also suggest that you read the book “The Bitcoin Standard” by Saifedean Ammous.
>
> If you can understand the economic principles of that book, it will change the way that you think about Bitcoin and money.
>
> Good luck, friend.

Hi Mr. Gates- I recommend you read The Internet of Money, by visionary Andreas Antonopoulos. I have been devouring blockchain literature for ages now, and this is the best book on blockchain and cryptocurrency that I have come across.

It is a collection of speeches on blockchain technology and how currencies will work in the future, and I think it will change the way you think about crypto and bitcoin. Actually, I think it will blow your mind and you'll do a 180 on crypto. Check out the reviews.

I'm an engineer, a programmer, and a policy wonk and this book satisfies my every craving.

If you put it on your Amazon wishlist I will buy you a copy.

I was in the same boat as you and read a number of books on the subject. Most of those book didn't have much proof and got redundant. It felt like the books were selling me on hypothetical scenarios about how blockchain could change the world instead of explaining how it is changing the world.

That all changed with "The Internet of Money: Talks by Andreas M. Antonopoulos". This book changed the way I look cryptocurrency. I definitely reccomend it.

If you're technically inclined and want to learn more about how crypto currencies work, "Mastering Bitcoin" is a good book too.

Both these books have open source versions that can be found on github:

Internet of money: https://github.com/erangadbw/IoMv1

Mastering Bitcoin: https://github.com/bitcoinbook/bitcoinbook

However if you would like the kindle/softcover version you'll need to purchase them.

The internet of money: https://www.amazon.ca/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=pd_bxgy_14_img_2?_encoding=UTF8&psc=1&refRID=P0PTRQG90Q7D8MZ8X9WE

Mastering bitcoin: https://www.amazon.ca/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?ie=UTF8&qid=1525026587&sr=8-1&keywords=mastering+bitcoin

https://www.amazon.com/Ethereum-Blockchains-Decentralized-Autonomous-Organizations/dp/1523930470/ref=sr_1_1?ie=UTF8&qid=1506027569&sr=8-1&keywords=ethereum

It's a year old, but is written very straight forward for someone like me, a non-programmer. Also it's fun to see how things are changing/have changed even since then

Unfortunately that's beyond my level, but someone else may chime in.

You might find "Mastering Bitcoin" by Andreas M. Antonopoulos to be helpful or at least interesting. Even though it's not Monero-centric it still has good info. The [newest version on Amazon] (https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_3?s=books&ie=UTF8&qid=1497328728&sr=1-3&keywords=mastering+bitcoin) is releasing in about 2 weeks.

If technically-minded, there are two topics that if you mastered them would put you among the most educated Bitcoin users:

1. electronic cash (e.g., https://bitzuma.com/posts/bitcoin-think-of-it-as-electronic-cash/)
   
2. hash functions (e.g., https://bitzuma.com/posts/seven-things-bitcoin-users-should-know-about-hash-functions/)
   
   There are many scholarly resources regarding (2). No so much (1), but you can find good leads in the footnotes to the Bitcoin white paper.
   
   If socially-minded, how about the role that financial privacy or trust plays in modern society and what Bitcoin's role is likely to be? This essay is packed with resources: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=998565
   
   If financially-minded, you might think about whether restricive money supply policies help or hurt the poor (or some group you might care about). There's a lot of academic research on that. Bitcoin offers a laboratory to test these ideas, and a lot has been written about this as well.
   
   For example, a new book is:
   
   https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861
   
   

To be honest I have more trouble selling bch than buying.

Try bitcoin.com for desktop and mobile wallet or Electron for desktop wallet.
Fees are at the moment below £0.02 for transfer.

Bittylicious is accepting gbp bank transfer, but it is not the cheapest site. Not most expensive either tbf.

When it comes to exchanges you have to read their rules individually as they are not the same.



Edit: I also highly recommend this book.

First edition was better, but this will save you a lot of money in long run.

I just purchased the following books:

• Mastering Bitcoin: Programming the Open Blockchain (https://www.amazon.com/gp/product/1491954388/)
  
• The Internet of Money (https://www.amazon.com/gp/product/1537000454/)
  
• Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations (https://www.amazon.com/gp/product/1523930470/)
  
  They have good reviews and seem nice reads for the money. However, the Ethereum book - "This text was written for people with a fast grasp, who are not programmers." Still missing a book on Solidity for programmers.

Just got the book "Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations" delivered. Hoping for a good read! https://www.amazon.com/Ethereum-Blockchains-Decentralized-Autonomous-Organizations/dp/1523930470/ref=sr_1_1?ie=UTF8&qid=1496854273&sr=8-1&keywords=ethereum

More currencies is a good thing on net. Not all currencies have to become reserve currencies of the world. They could be useful just to a small group of people, maybe even just a neighborhood. I suggest you check out this book. It really opened my mind to how new and accessible currencies could really improve the lives of many, many people.

Rethinking Money https://www.amazon.com/Rethinking-Money-Currencies-Scarcity-Prosperity/dp/1609942965

Just found this one with excellent reviews as well: Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations, by Henning Diedrich, September 8, 2016; 360 pages, only available in dead-tree version.

Haha THE FUCK!? You literally just copied and pasted the description of Don Tapscott book (https://www.amazon.com/Blockchain-Revolution-Technology-Changing-Business/dp/1101980133) without crediting the author. I mean really, that you even put your own username in BOLD text at the bottom at this bluntly stolen text makes you look like a real asshat.

Here you go, Saifedean speaking about how using the hardest money available is not optional

edit: Everyone should do themselves a huge favor, watch the full video and read his amazing book.

Interesting - while amazon.com only features the paperback you can buy the Kindle version on the international Amazon sites like amazon.de at roughly half price:
https://www.amazon.de/Internet-Money-English-Andreas-Antonopoulos-ebook/dp/B01L9WM0H8

I'd be good to be able to buy it as epub or a similar open format directly from Andreas through openbazaar or directly on his site.

https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/

Goes pretty deep into tech and not all is necessary to know, but its a great book.

> I'm really honestly consumed with curiosity about this crazyness

It not craziness, its a a mainstream theory of economics, Austrian, which is taking over and replacing the largely invalid Keynesian model which has been the orthodox for the last century and a half.

Some classics which give the basics: http://bastiat.org/en/the_law.html http://bastiat.org/en/twisatwins.html

If you are genuinely curious about what the future holds, this is a good start: http://daviddfriedman.com/The_Machinery_of_Freedom_.pdf

I also recommend:

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central-ebook/dp/B07BPM3GZQ

In short, to directly answer your question: mercenary armies dont work. They always cost you more than what they can conquer.

Great book. Walks you through everything. Written by IBM's Liason to Ethereum Core.

Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations https://www.amazon.com/dp/1523930470/ref=cm_sw_r_cp_apip_uYFqCmTS1MtFi

Great list. Making my way through a few of those.

I've also been reading this one:

Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations by Henning Diedrich

> price based pyramid scheme

Here you have another link, of course you "don't need to read" it now, but maybe when you become older and feel like you don't know everything and want to learn more about it. https://www.amazon.com/dp/1119473861

Have a nice day

This is a pretty big deal IMO, and very telling:

#1 Best Seller in Money & Monetary Policy on Amazon

Time based currencies aren't anything new. There have been a bunch of local currencies on that basis, many of them pretty successful.The book Rethinking Money talks about them. Ithica Hours was the first in the U.S.

Doing it on a blockchain is new, as far as I know. Seems like an interesting experiment.

Im in the middle of reading Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations I'm loving it so far, it's covering all the terminology, and breaking everything down in a fairly concise way for the layman.

Huh?

Satoshi created the blockchain whilst creating Bitcoin.

Bitcoin (and others) are commonly referred to as cryptocurrencies, or cryptoassets, or simply just 'crypto'.

So you do now agree that it was Satoshi who created the blockchain, and that Bitcoin was the first implementation, and that basically every single large tech, finance or accounting institution is involved in crypto in some way now? Whether they are looking to open up crypto trading, or use blockchain technology?

Here you go ... https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

Edit: Please make sure you read this by any means. It can turnout to be the most important piece of literature you will ever ready in your lifetime.

If you want a general overview, any macroecon textbook will do. If you want to specifically learn about Bonds, Treasuries, and those markets in depth, I would recommend a Money and Banking textbook.

This is a good read for starters: http://www.amazon.com/Money-Banking-Financial-System-Hubbard/dp/0132553457

Yes, this is the best one: https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

It's a history of money from Yap stones to Bitcoin

• “Mastering Bitcoin: Unlocking Digital Cryptocurrencies” by Andreas Antonopoulos
  
  
• “The Internet of Money” by Andreas Antonopoulos
  
  
• “The Internet of Money (Volume 2)” by Andreas Antonopoulos
  
  
• "Mastering Ethereum: Building Smart Contracts and Dapps" by Gavin Wood and Andreas Antonopoulos (Available for Preorder)
  
  
• “Digital Gold” by Nathaniel Popper
  
  
• “Cryptoassets” by Chris Burniske and Jack Tatar
  
  But, the internet is also your best resource.
  

To those of you who want to know what Bitcoin is and what it does, here's a great book that I recommend to everyone: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos-ebook/dp/B01L9WM0H8

If you haven't ever read Satoshi's writing I highly recommend it.

https://www.amazon.com/Book-Satoshi-Collected-Writings-Nakamoto/dp/0996061312

That is the one I had. It is great.

A Random Walk down Wall Street: The Time-tested Strategy for Successful Investing

Bogle On Mutual Funds: New Perspectives For The Intelligent Investor

Read the Cryptoassets book, it's a superb overview of markets strategy and investing, well worth a read, it will pay for itself many times over.

https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

Here is the post for archival purposes:

Author: SirSkylark

Content:

>Hey, just a teen who uses bitcoin daily and just really interested in the world of cryptocurrency. Anyways, so summer is already here and I thought why not use this time to read up and learn more about cryptocurrencies.

>So after some researching I've come across these 2 books which Im thinking about buying: The Internet of Money , Ethereum: Blockchains... . However, I was wondering if these books are readable and understandable for non-technical people like me (no coding knowledge) and if you do/don't recommended it.

>Also thinking about getting Mastering Bitcoin 2nd Edition and Mastering Ethereum later on when it comes out but I feel like those 2 books are really technical and I will not able to understand it. Any thoughts?

Everyone interested on the subject should read:

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

https://www.amazon.com/gp/product/1119473861/ref=oh_aui_detailpage_o00_s00?ie=UTF8&psc=1

I have spent 3 fascinating days reading non-stop.

Downloading the blockchain is much easier than understanding the code. I just synced the Bitcoin blockchain from scratch in less than 30 hours.

Just diving into the code won't get you far, I'm afraid. Monero uses difficult cryptography and Bitcoin has been optimized for performance rather than readability. (By comparison: downloading the 6 GB Fastcoin blockchain, based on an older version of Bitcoin and Litecoin, took me two weeks.)

To understand Monero, I'd start by reading the Moneropedia and the Monero StackExchange. For Bitcoin, there are educational books like the Princeton Bitcoin book, and Mastering Bitcoin by Andreas Antonopoulos (free draft).

https://www.lopp.net/bitcoin-information.html

https://medium.com/@vijayboyapati/the-bullish-case-for-bitcoin-6ecc8bdecc1

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861/ref=sr_1_1_sspa?keywords=the+bitcoin+standard&qid=1562269778&s=gateway&sr=8-1-spons&psc=1

https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1_sspa?keywords=andreas+antonopoulos+bitcoin&qid=1562269799&s=gateway&sr=8-1-spons&psc=1

​

If you're looking for a single article, the medium article (second link) by Vijay is a great one.

Please check the logical ordering of emails/threads as presented in this book, it might inspire you:

https://www.amazon.ca/dp/0996061312/ref=pe_2480960_170170910

But they promised me a lambo... /s

Link to book on amazon for those who are interested.

Maybe it would help you to:
Watch Andreas youtube channel

Read : Mastering Bitcoin

• Tons more of good channels on youtube

Let me recommend a couple easy reads:

https://www.amazon.com/gp/aw/d/1101980133/ref=mp_s_a_1_3?ie=UTF8&qid=1521695583&sr=8-3&pi=AC_SX236_SY340_QL65&keywords=blockchain+revolution&dpPl=1&dpID=51lLEMPAulL&ref=plSrch

https://www.amazon.com/gp/aw/d/1250114578/ref=mp_s_a_1_1?ie=UTF8&qid=1521695671&sr=8-1&pi=AC_SX236_SY340_QL65&keywords=truth+machine&dpPl=1&dpID=51xZeWw5q5L&ref=plSrch

It has long been implied by certain groups that Kennedy was assassinated for his executive order 11110 among other things. With the scary quotes from previous presidents it doesn't take a large leap of imagination to accept the possibility.

I'd say the film is basically factual but tries to shock the viewer into questioning what they know of money by providing those conspiratorial overtones. Whether or not that's the most effective way to reach people is debatable for all but those who are prone to diving into conspiracies head first.

edit: I would also like to note that The Creature from Jekyll Island explains the circumstances of the birth of the Federal Reserve and a brief history of the subsequent major events since.

thank you but I heard that book is mostly about why we need bitcoin and basically hypes it up. I as thinking of more along the lines of what is a btc lol. Would this be good?:

https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

I highly recommend giving this a read.
https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

Great stuff!

Film: The Creature From Jekyll Island (by G. Edward Griffin)

https://www.youtube.com/watch?v=lu_VqX6J93k

---

Book: The Creature from Jekyll Island: A Second Look at the Federal Reserve

https://www.amazon.com/gp/product/0912986395

>https://www.amazon.com/Token-Economy-Blockchains-Contracts-Revolutionize/dp/3982103827/ref=mp\_s\_a\_1\_1?keywords=token+economy+shermin&qid=1564816048&s=gateway&sprefix=token+e&sr=8-1

LOL at no e-version of the book. Convincing!

Here are a few to get started with:

Breaking Banks: The Innovators, Rogues, and Strategists Rebooting Banking -- Brett King

‘Smarter Bank: Why Money Management is More Important Than Money Movement to Banks and Credit Union’ – Ron Shevlin

Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World -- Don and Alex Tapscott

I'm reading Tapscott's book Blockchain Revolution and can recommend it if you're interested in a non-technical explanation of the potential for the blockchain to change the financial world dramatically.

The Creature from Jekyll Island - Even at 600+ pages, it is the most thoroughly researched, well written book on money that I've ever read. Take your time with it. I assure you that by the end of the journey, you will have experienced a paradigm shift in thought.

Happy cake day!

This was the same cover art that /u/eggdescrambler used on his Book of Satoshi. So incredibly circular.

The latest cryptoshow we were talking about someone who had claimed to be Satoshi, who named himself after Pikachu's chum, unrelated to Bitcoin's ThePiachu, then ThePiachu using the cover photo from the Book of Satoshi.

It's quite high level but The Business Blockchain was a good read/listen (I'm an audiobook guy)...

https://www.amazon.co.uk/Business-Blockchain-Practice-Application-Technology/dp/1119300312

Having knowledge of object oriented programming helped me a bit going in.
I found a lot of similarities in logic of central-server game-engine network synchronization and smart-contract programming.
Such as an expected data object to be synchronized to clients(nodes) with authority from the server(blockchain consensus/validation/contract setup) . Users(address) can send requests(transactions) to the server to update things, and cause logic mechanisms to act.

A book I can recommend to see if you'll enjoy the aspiration of working in blockchain tech,
https://www.amazon.com/gp/product/1523930470/ref=oh_aui_search_detailpage?ie=UTF8&psc=1

The path I've seen people follow is -
Getting an address and using a private wallet.
Using and understanding how a hardware wallet works.
Then playgrounding contracts in a private chain or Remix(online compiler), until they can make little tools.

edit: had two book links, one was no longer available.

I don't give a damn about lambos. I'm a developer and what makes me thrive in my everyday life are coding challenges. But I won't ask you to understand that...

If you think the biggest interest about blockchains is making money, you are far from understanding a damn about it. Neo is a governance token, as Ethereum is too. And the real revolution rests upon that principle.

Again, some reading/watching suggestions, in case you wish to educate yourself instead of posting non-constructive comments :

• Mastering Bitcoin: Programming the Open Blockchain
  
• Proplets -- Devices for Controlling Property
  
• Decentralization and the Architecture of Trust
  
• Great Wall of Numbers

From our Amazon page: "Quite simply, this is the most user-friendly on-ramp to understanding Bitcoin to date. And by a mile. Give it to the teen who is learning about the value of the dollar, buy it for your boomer uncle, drop a copy in the waiting room at your local bank branch. They will thank you for it!"
https://www.amazon.com/dp/1641990503

Read The Bitcoin Standard by Saifedean Ammous, it's a great introduction to bitcoin's deflationary "hard money" properties.

Ignoring everything technical you can look at these coins almost as a naturally occurring element. Bitcoin (and its derivatives) is a system that creates a digital thing that cannot be copied. Before Bitcoin that was impossible.

There is a lot we can do with an invention like that, but the most obvious is currency.

I’d recommend The Internet Of Money as an absolute must read, and it is aimed at absolute beginners. Non technical.

https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

Fantastic read and just came out recently so quite relevant.

I tend to think the r/investing crowd is too negative on many of the qualify closed end and open ended mutual funds out there. While the range of ETFs is exploding the mutual funds still offer a lot of diversity of product that just doesn't exist (yet?) for ETFs. That being said what you are describing here is a strategy called "performance chasing". An investor jumps into funds with really strong track records and stays in them while they continue to outperform. That sounds appealing and it sounds like it should work. In reality however that literally is one of the worst possible investing strategies around. It was a proven failure from the 1960s (gogo fund era) when open ended mutual funds became the primary non-real estate mainstream investment vehicle till the early 2000s when indexing and passive really came into vogue. As an aside for closed end funds it didn't work out well in the 1920s either.

That's not to say you have to use cap weighted indexing exclusively. That's not to say you can't buy mutual funds from quality houses that specialize in particular skills. But the reason you are going to get a lot of negative feedback on the approach you are considering is that it a genuinely terrible strategy, though one that sounds initially appealing.

What makes a mutual fund rack up a terrific record are often properties that can't or won't be repeated once the fund becomes popular. There are spectacular managers. The first no load open ended mutual fund manager, Thomas Rowe Price, being a terrific example. John Neff, Peter Lynch, Bill Nygren,Marty Whitman, Edward Johnson ... exist. But for every one of those there is a ton of Gerald Tsai's who crush the market using a strategy, accumulate a lot of assets and watch the strategy horrifically underperform because it just perfectly fit a certain point in time. The investors who performance chase, because they don't have an ideological commitment, get the later far more than the former. All the guys with the tremendous lifetime records had many years of underperformance. They were rarely the top 10 fund in any given year they just were consistently excellent across longer time periods. The investors who profited did so because they believed in the fund's strategies even when they didn't work out that year.

Since performance chasing is a 1990s strategy I'll give you what at the time was probably the best first investing book at the time: Bogle on Mutual Funds. The book is a bit dated but he talks at length about why performance chasing is a terrible strategy providing lots of data and examples. While you probably aren't going to listen I'd strongly suggest you read this book before you try what you are about to try.

https://www.amazon.co.uk/Mastering-Bitcoin-2e-Andreas-Antonopoulos/dp/1491954388/ref=sr_1_1?s=books&ie=UTF8&qid=1540555073&sr=1-1&keywords=MASTERING+BITCOIN

Read this first,
You can also get it free off Github

what?

that is a paradox in itself, and does nothing to argue for zero correlation. also, inflation is not directly related the money supply either. Money and Banking by Mishkin is a good book to read up about that

I can highly recommend Ethereum: Blockchains, Digital Assets, Smart Contracts, Decentralized Autonomous Organizations.

I also just received notice that Consensys released their first blockchain/Ethereum book about an hour ago which can be found here. I obviously haven't read this yet but plan to do so within the next few weeks.

You need to study Austrian Economics.

I recommend this book if you really want to understand what is going on.

https://www.amazon.com/gp/aw/d/1119473861/ref=cm_cr_arp_mb_bdcrb_top?ie=UTF8

Bogle On Mutual Funds: New Perspectives For The Intelligent Investor (Wiley Investment Classics) https://www.amazon.com/dp/111908833X/ref=cm_sw_r_cp_api_i_GJfACb92QTX4V

https://www.amazon.com/Ethereum-Blockchains-Decentralized-Autonomous-Organizations/dp/1523930470

There's the paperback version :) that's the one I bought.

Blockchain Revolution by Don and Alex Tapscott is another good read. https://www.amazon.ca/Blockchain-Revolution-Technology-Changing-Business/dp/1101980133

The Bitcoin Standard is a good place to start.

I have heard this book is good -
https://www.amazon.com/dp/1491954388/ref=cm_sw_r_cp_awdb_t1_sgWIAb8E696K5

These two are supposed to good for beginners

https://www.amazon.com/gp/aw/d/0578490676

https://www.amazon.com/gp/aw/d/1641990503

For an investor, this book is quite pro-sound money

https://www.amazon.com/FAKE-Teachers-Assets-Making-Middle/dp/1612680844

I like The Quigley Formula a lecture by G. Edward Griffin who wrote "The Creature from Jekyll Island: A Second Look at the Federal Reserve"

Note: If anyone finds a major flaw in this news or my reasoning about it, don't hold back criticism.

To the best of my understanding, during a taped on-stage talk given at the NYC Ethereal Summit [Friday, May 19th], William Mougayar said that "a traditional company with millions of users" is going to be announcing a token issuance on the public blockchain on May 25th at the Token Summit conference. I am presuming "public blockchain" is "Ethereum blockchain," inferred from context in which he spoke of other, earlier, smaller new companies issuing ICO tokens. (Obviously it's not the bitcoin blockchain.)

https://www.reddit.com/r/ethtrader/comments/6c5y0d/ethereal_summit_william_mougayer_big_company/


https://www.youtube.com/watch?v=4P66dtflB14&feature=youtu.be&t=53m33s


His specific quote starts around 54:30 or so, but listen to a minute or two before that for context.

The fellow speaking is: https://en.wikipedia.org/wiki/William_Mougayar

Not an impressive Wikipedia entry, very skimpy. Is he just blowing smoke or hot air? Exagerrating from sloppiness? Who IS this guy?

In the footnotes of the Wikipedia entry Vitalik Buterin is named. In what capacity?
https://www.amazon.com/Business-Blockchain-Practice-Application-Technology/dp/1119300312/

William Mougayar wrote the book. VB wrote the foreward to the book. I don't think W. Mougayar is making up stories about this.

thankfully we have bitcoin as an escape chute.

I'm currently working my way through Chris Burniske's new book Cryptoassets, which I'd highly recommend:

https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

Recommended:

Books

The Web of Debt

The Creature from Jekyll Island

Videos

Money as Debt

The Money Masters

The Secret of Oz

The American Dream

This book is an interesting read.

Some resources for you to help get you started:

https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

https://bitcointalk.org/index.php?topic=990348.0

https://bitcoin.org/en/posts/how-to-run-a-full-node

https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_calls_list

If you think you're invested there's a few experts dedicating their time and energy on future books about the cryptos bears love to hate https://www.amazon.com/dp/1260026671/ref=sr_1_6?ie=UTF8&qid=1490913646&sr=8-6&keywords=bitcoin+and+beyond

The whole history of this plus many other currencies all the way up to bitcoin are laid out in this amazing book https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central/dp/1119473861

A must read for every crypto enthusiast

I'd recommend reading his book, it's very insightful.

https://www.amazon.com/Bitcoin-Standard-Decentralized-Alternative-Central-ebook/dp/B07BPM3GZQ please read this book and then make this video again 🤦🏻‍♂️

“The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology”, by William Mougayar:

Thanks!! There is a chapter called 'On Bitcoin Mining as a Waste of Resources' in The Book of Satoshi which is a collection of his public writings. I've added timestamps to the original post but it doesn't give the urls :)

It is still a good time to invest, but only the amount you can afford to lose. A good read is
https://www.amazon.com/Cryptoassets-Innovative-Investors-Bitcoin-Beyond/dp/1260026671

People should really do a little more research. Before you go and make any rash decisions I would go pick up a copy of this book.

https://www.amazon.com/Ethereum-Blockchains-Decentralized-Autonomous-Organizations/dp/1523930470

And read about it rather than just YouTube ing it and watching 12 year olds give you advice about what they just watched 2 seconds earlier and just wanted some god damn likes on their you tube page.

I wish there was a place here for real talk these days. Can someone point me in that direction?

https://smile.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_3?ie=UTF8&qid=1512055205&sr=8-3&keywords=andreas+antonopoulos

It is?

Then why is it for sale? Even the kindle version is for sale.

Maybe I'm wrong - can you point to where he said he intended the book to be free?

Wallets: https://www.reddit.com/r/Bitcoin/comments/de38xz/z/f2s3ixh

I go with blockstreams green wallet. Beginner friendly.

Buy bitcoin. Depends where you are. Try an ATM machine. Coinatmradar.com

If you want to invest more, buy a hardware wallet. Never leave your coins online. Never save your mnemonic seed digital. Pen and paper. Only invest what you are willing to loose.

Books: https://www.amazon.com/Little-Bitcoin-Book-Matters-Finances-ebook/dp/B07W957N7T

https://www.amazon.com/-/de/dp/B07BPM3GZQ/ref=pd_aw_sbs_351_1/137-6810604-7750710?_encoding=UTF8&pd_rd_i=B07BPM3GZQ&pd_rd_r=783905ed-d612-43b3-b9b7-a257d5233a8e&pd_rd_w=urbsA&pd_rd_wg=uaqwC&pf_rd_p=53e036f8-8d3b-407e-beae-88d349e4fc13&pf_rd_r=HVHAC91GS6YR4M3A45N2&psc=1&refRID=HVHAC91GS6YR4M3A45N2

https://www.amazon.com/-/de/gp/aw/d/B077LD9YKB?ref_=dbs_w_series&storeType=ebooks

Videos:
Bitcoin for beginners by Andreas Antonopolous.
https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

How Bitcoin works under the hood:
https://youtu.be/bBC-nXj3Ng4

https://blog.lopp.net/metal-bitcoin-seed-storage-stress-test--part-ii-/