Know the future of Blockchain
The process is simple. Start with a foundation in banking theory, then dive into cryptoeconomics.
- LearnGain and understanding of the Blockchain
- AcquireStart acquiring crypto currencies
- SecurityProtect your new assets
- SpendDiscover the markets
- PlanSave, Spend, or Speculate
TO UNDERSTAND BLOCKCHAIN, WE NEED TO START WITH FUNDAMENTALS
To begin to get an understanding of Bitcoin and Blockchain we must begin with getting an idea of our current systems: Money, banks, centralized ledgers, double spending problem.
- Centralized Systems
- Inflationary Currency
- Double Spending Problem
- Distributed Systems
- Create account on exchange
- Create account on crypto trading platform
- Create wallet for your business
BUYING BITCOIN, ETHEREUM, & LITECOIN WITH USD
The quickest way to buy your first Bitcoin, Litecoin, or Ethereum is with an online exchange. Just connect your bank account and purchase, it’s as easy as setting up a PayPal account.
SPECULATING WITH ALTS
If there are other cypto projects that pique your interest then you will need to have Bitcoin or Ethereum to buy them. You will also need to set up an account on a trading platform that has the alt coin you are interested in.
ACCECPTING CRYPTO AS A BUSINESS
If you have a business whether it is online or brick and mortar you might consider accepting Bitcoin along with your local currency. Transaction fees are infinitesimal, no chargebacks, near instant access to funds.
OPSEC, OPERATIONAL SECURITY
In Bitcoin world you are responsible. There is no middleman that will retrieve your funds after they are sent. There is no middleman that will tell you your password if you forget it. There is no insurance if you are hacked and your funds are stolen. So, you need to learn how to protect yourself from such threats.
- Password management
- Hot wallets
- Cold wallets
- Brain wallets