Bitcoin is an amazing digital currency used by millions around the world.
Bitcoin isn't just another way to buy stuff, though--it's a revolutionary technology that functions without the oversight of a central authority or government. Bitcoin has a lot of other upsides, too--it's frictionless, anonymous, and cryptographically secure. Many predict that Bitcoin will radically transform the global economy. It's not hard to see why--the value of a bitcoin has soared from less than a dollar in 2011 to well over $1000 and back down again, with many spikes and crashes along the way.
Its dramatic rise has brought Bitcoin into the public eye, but the cryptocurrency isn't exactly easy to understand. Bitcoin for the BefuddledÃ‚Â covers everything you need to know about Bitcoin: what it is, how it works, and how to acquire, store, and spend bitcoins safely and securely.
You'll also learn about:
Bitcoin's underlying cryptographic principles, and how new bitcoins are created
Bitcoin's history and potential impact on trade and commerce in the future
All about the blockchain, the public ledger of Bitcoin transactions
How to choose a bitcoin wallet program that's safe and easy-to-use
How to accept bitcoins as a payment method, in your store or on your website
Advanced topics, including Bitcoin cryptography, Bitcoin mining, and Bitcoin programming
Just when things get hard, you'll take a breather with a humorous, full-color comic interlude. With non-technical language, and a patient, step-by-step approach to guide you, you'll be investing, storing, and spending bitcoins in no time flat. Get started with Bitcoin today!
Conrad Barski has an M.D. From the University of Miami, as well as nearly 20 years of programming experience. Barski is a cartoonist, programmer, and the author of Land of Lisp. He's been using bitcoins since 2011.
Chris Wilmer holds a Ph.D. in chemical engineering from Northwestern University and is a professor at the University of Pittsburgh. Wilmer's first purchase with bitcoin was a bag of honey caramels from a farm in Utah. They were delicious.