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Author Topic: What Makes Bitcoin Valuable?  (Read 4571 times)
undertheradar47
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July 05, 2019, 01:53:48 PM
Merited by sandra_x (1)
 #1

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y
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July 05, 2019, 02:18:29 PM
 #2

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
undertheradar47
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July 05, 2019, 03:55:10 PM
 #3

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works

I felt the same way before I read the book. Now I know how wrong I was.
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July 05, 2019, 04:01:57 PM
 #4

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

You can find answers of your question in its features!
Bitcoin is limited and will be only 21 million. So if you compare any FIAT money with it. I think you can understand. Supply-Demand!
Bitcoin is decentralized. So no one increase or decrease total supply. And no one control it!
Bitcoin is transparent. (This is the feature of blockchain actually but valid for BTC.) You can track all transaction easily with blocks.

And BTC has a great community support. All world be aware it potential now.

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July 05, 2019, 04:09:48 PM
 #5

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

What do you mean by standard here?
I think what makes Bitcoin valuable is because of the system, namely Blockchain is not directly bitcoin itself. Unfortunately, few people misunderstand this section

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July 05, 2019, 04:12:49 PM
 #6

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one

Bitcoins white paper unlike those of ICOs is not a comprehensive description of the network covering the basics, but an in-depth technical summary of how it functions, and beginners without any technical background would learn better taking the basics from books, videos, articles and of course this forum, before being able to understand the concept and visions on this network.
undertheradar47
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July 05, 2019, 08:08:19 PM
 #7

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

What do you mean by standard here?
I think what makes Bitcoin valuable is because of the system, namely Blockchain is not directly bitcoin itself. Unfortunately, few people misunderstand this section

The title of the book is 'The Bitcoin Standard'
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July 05, 2019, 08:16:12 PM
 #8

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y

This is good video but if you have share this to beginners and help board. It would be e really helpful for many newbies whoever wish to learn more things about Bitcoin and blockchain technology.
Piquancy meaning investor it doesn't have knowledge but have interest on investing on cryptocurrencies. Stay understood everything they could do something for society as well as for their business too.

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July 05, 2019, 08:28:52 PM
 #9

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y
reading books and watching video is really needed to learn the true vale of bitcoin and the one who make bitcoin valuable is those people that keep buying and holding it after learning the true value of it.

Encourage to Encourage!
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July 05, 2019, 08:57:12 PM
 #10

Kind of a good summary for bitcoin without going into too much of the technical details. Similar to the Evolution of money by Neha Narula.
"Bitcoin is sound money, it is salable across time, scale, space and is censorship resistant".
undertheradar47
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July 05, 2019, 08:59:58 PM
 #11

Kind of a good summary for bitcoin without going into too much of the technical details. Similar to the Evolution of money by Neha Narula.
"Bitcoin is sound money, it is salable across time, scale, space and is censorship resistant".

The book did such a good job of laying out these properties and why they're important. The quote you highlighted is exactly what I use to teach newcomers asking about Bitcoin.
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July 05, 2019, 09:58:30 PM
 #12

SPECULATION SPECULATION SPECULATION!! Speculation is what drives bitcoin's price as there are a good number of more valuable crypto with lower values

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July 05, 2019, 10:05:46 PM
 #13

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works
Yes it doesnt prevent you from trading and understanding but somehow you lack small infos where those infos can be get by reading books and watching articles,books are not worthless they contribute to our knowledge towards a thing

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July 05, 2019, 10:20:48 PM
 #14

The Bitcoin Standard is the first book I've ever read to simply explain the properties that make money valuable.

If there were such a thing as a 'Bitcoin University', Satoshi's white paper would be covered on day one, and this book would be covered on day two.

Get up to speed on your Bitcoin education.

https://youtu.be/T4ltMvjGO5Y
I haven't read any books related to Bitcoin yet I do already get the on point purpose on just reading up its Whitepaper on the

first day,it may not be on technical aspects but you can fully understand and get the right idea on what makes BTC as a valuable thing.
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July 05, 2019, 10:38:51 PM
 #15

I don't need to read a book to tell me how important Bitcoin is, for now or in the future.
Bitcoin has shown and has proven to be a financial advocate but for people of the Middle, higher and lower class.
The most important part of it is that it is and will be the future currency.
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July 05, 2019, 10:52:42 PM
 #16

Bitcoin makes valuable anonymity. Bad guys who own something that is not legal, completely support bitcoin, because it's hard to see where transactions are going to.

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July 05, 2019, 10:57:06 PM
 #17

price and total supply? maybe you can pay attention now. both are very influential and maybe now both will continue to determine how valuable bitcoin is in cryptocurrency

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July 05, 2019, 10:59:38 PM
 #18

I have not read any books about bitcoin or crypto, but it did not prevent me from trading and understanding how it works

I felt the same way before I read the book. Now I know how wrong I was.
We can really trade without knowing the full story of cryptocurrency, its a choice if you really want to know more and understand its origin the you can do a lot of studies. I do read books before and they are just theories but because of that i’ve learn a lot so somehow its worth it.
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July 05, 2019, 11:02:28 PM
 #19

I don't have a special book to read tutorials about the concept of Bitcoin.  but I only read from every article about blockchain.  I don't study doctrine, but I have a bitcoin community that can help me learn trading, investment and how to avoid bearish.

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July 06, 2019, 01:28:21 AM
 #20

Valueable? i think because the total supply of bitcoin only 21 M and almost hit 18 M right now (only 3 million left) Just wondering what happend when the total supply circulation hit 21 M. And high demand make it more valueable. Also bitcoin utility for the future will make the price get higher than now.

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