Author: Eddie Afana

Lightning

How bitcoin is infinitely divisible

Let’s first start with our current money, the dollar. A single cent, aka a penny, is the smallest unit of the U.S. currency. Each dollar is made up of one hundred cents. We visualize it as $1.00 with two decimal places for cents. You cannot buy individual items for less than one cent, the reason […]

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Bitcoin

Why bitcoin not “crypto”?

People generally have a negative understanding of bitcoin, mainly because news about it highlights its use for nefarious purposes. The news media in general is a mechanism to disseminate information; there is no requirement for it to be accurate and comprehensively researched on your behalf. In fact, the information conveyed is a human decision by […]

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Bitcoin

Bitcoin is a hedge against debasement not inflation

In the past year, discussions of inflation have intensified as the cost-of-living increases. Many in the general public are experiencing increased food and other general living expenses without increasing wages at the same time. There are many nuances when discussing inflation and what causes it. Inflation is a distraction from the real problem with money […]

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Bitcoin

Can you keep a secret?

No, not the one about your co-worker in a throuple! But the type of secret that keeps someone from moving your bitcoin. Once you have studied bitcoin for a while, you will have a constant nagging feeling that your private keys are discoverable. That someone will find your written words, find one of your hardware […]

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Bitcoin

The bitcoin “security budget” scam

Anyone who knows me knows that everything is a scam in my view. The recent uptick in bitcoin security budget discussions has got me thinking why its occurring. I was recently listening to a podcast regarding hard forks of bitcoin and part of the discussion was identifying old bitcoins being sold on the hard forked […]

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Bitcoin

Are banks and custodians really that bad?

Banks have a special job in society which is to provide capital for the good of the community it serves. Humans are fallible and subject to greed and power. Having the ability to determine where that capital is deployed, i.e. loans to businesses, allows you influence over the community’s development. The bank can determine what […]

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Bitcoin

Fourteen Reasons to Question Journalists about BTC

A recent article titled Fourteen Reasons Not To Invest In BTC is a perfect illustration of how easy it is to write an article that sounds authoritative by misleading readers with irrelevant facts or misinformation. Let me explain individually. In conclusion, bitcoin is the only crypto currency worth spending your time researching. My main page […]

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Bitcoin

Single signature vs Multi-signature private keys

This has been and will continue to be, debated over and over within the bitcoin community because the type you use for cold storage depends on your circumstances. At this point you have only experienced single signature transactions. Single signature is where you have one set of words for your private keys. In single signature […]

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Bitcoin

How many confirmations?

If you haven’t watched the time chain in action live, you can see a visualization of the time chain using mempool.space or time chain calendar. Both are great to explore different blocks and watch new ones move from the memory pool of all running bitcoin nodes to a confirmed block on the time chain. Each […]

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Bitcoin

Bitcoin Mastery Checklist

This checklist can be your roadmap to learning all things bitcoin and navigating this website. Follow the process outlined below and learn at your pace. If at any point you would like to discuss a topic or item on the list, book a session with me. It’s important to note that your private keys should […]

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