First video

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Peter Šurda 9 months ago
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---
background: ukulele-1 0.5 fade-in fade-out
voice: edward
size: 720p
transition: crossfade 0.1
theme: theme.css
---
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![contain](bitcoin.png)
```md
# Educational Bitcoin videos
```
Welcome to educational Bitcoin videos. The purpose of this course is to provide an introduction to Bitcoin. It is divided into three bigger parts, each consisting of three or four smaller short videos. You can consume these videos easily when you have a bit of free time and rewatch them for better understanding.
(pause: 1)
---
```md
* Theory of Bitcoin
* Bitcoin on a mobile phone
* Bitcoin on a secure device
```
(duration: 1)
---
```md
* Theory of Bitcoin
* Bitcoin on a mobile phone
* Bitcoin on a secure device
```
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Part one is about the theory of Bitcoin. What it is or isn't, what you can do with it or can't do with it, and what you should or shouldn't do with it.
(pause: 1)
---
```md
* Theory of Bitcoin
* Bitcoin on a mobile phone
* Bitcoin on a secure device
```
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type: rectangle
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top: 330
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Part two is about using Bitcoin on your mobile phone.
(pause: 1)
---
```md
* Theory of Bitcoin
* Bitcoin on a mobile phone
* Bitcoin on a secure device
```
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type: rectangle
left: 320
top: 390
right: 960
bottom: 450)
Part three is about using Bitcoin with a secure device.
(pause: 2)

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---
background: ukulele-1 0.5 fade-in fade-out
voice: edward
size: 720p
transition: crossfade 0.1
---
# Part 1, Bitcoin analogies
Bitcoin is unlike anything that has existed before, but from some points of
view it is similar to things we are already familiar with. In this video some
of these similarities are introduced and Bitcoin will be compared to things you
already know.
## Bitcoin is like digital money
This is the most obivious analogy. Bitcoin is a form of value that can is
identified by its digital properties.
## Bitcoin is like digital gold
Another often used analogy. Bitcoin is used as a store of value. It is
scarce. It is expensive to produce. It is a commodity, what is Bitcoin isn't
determined by a law or by a contractual arrangement.
## Bitcoin is like the brain
Similarly as a brain consists of cells, Bitcoin consists of nodes (computers).
The functionality of the brain isn't located in any single cell, but in the
cells working together. Each node contains the exact copy of a consensus, like
each cell contains a DNA. Bitcoin's nodes also work together to form Bitcoin.
## Bitcoin is like a central bank
Just like central bank has a ledger recording how much money is created, how
much there is in each account and how it is transferred between the accounts,
Bitcoin also has a record of these events. The main difference is that a
central bank is, well, centralized, having a formal group of people making
decisions, Bitcoin is decentralized and there is no such group of people.
## Bitcoin is like the internet
Internet allows people to connect their computers together and exchange
information. Bitcoin allows people to connect their computers and exchange
value.
## Bitcoin is like an auditor
Bitcoin has thousands and tens of thousands of computer verifying all the times
that the records are adhering to the rules.
## Bitcoin is like the economy

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---
background: ukulele-1 0.5 fade-in fade-out
voice: edward
size: 720p
transition: crossfade 0.1
---
# The five meme principles of Bitcoin
What to do and what not to do
@ -5,7 +12,13 @@ What to do and what not to do
I picked these memes because they are easy to remember. There are a couple of
others, but these are the most important for beginngers.
## 1. Bitcoin not crypto
## 1. Bitcoin, not crypto
```md
Bitcoin, not crypto
Bitcoin is a hard asset, "crypto" isn't.
```
The vision of Bitcoin is to be the best money there can be. This is achieved
through focus on decentralisation. Without decentralization, someone could
@ -23,6 +36,12 @@ you can do is to educate yourself more about Bitcoin.
## 2. Not your keys, not your coins
```md
Not your keys, not your coins
Keep your keys yourself, private and secure
```
The Bitcoin balances are controlled by cryptographic signatures. This is what
Bitcoin **is**, a collection of crypographic signatures (and some other
things). In order to transfer Bitcoin, you need to perform this cryptographic
@ -50,6 +69,12 @@ videos.
## 3. Stacking sats
```md
Stacking sats
Buy Bitcoin over long time in small chunks
```
An easy way to get accustomed with Bitcoin is to accumulate Bitcoin
periodically for the long run, commonly known as "Dollar Cost Averaging". Pick
an amount that you feel comfortable with putting aside, such as hundred dollars
@ -68,6 +93,12 @@ Don't daytrade, you don't understand how trading works, you'll lose money.
## 4. HODL
```md
HODL
Keep your Bitcoins and don't sell them in panic or to speculate
```
- selling has a number of disadvantages, so you should avoid it
- during downturn, you may lose money
- selling may incur taxes
@ -85,6 +116,12 @@ Freeman has no coins.
## 5. Don't trust, verify
```md
Don't trust, verify
Don't rely on other people's computers
```
- even if you have a private key, that alone doesn't tell you how many Bitcoins
you have. For this you need to connect to a node and query it. But the node
could lie to you and trick you.

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---
background: ukulele-1 0.5 fade-in fade-out
voice: edward
size: 720p
transition: crossfade 0.1
---
Why Bitcoin and not shitcoin?
Money tends to have a single winner. People need to be convinced that someone

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