Topic: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto (Read 111 times)

Once it comes to learning the differences from bitcoin and cryptocurrency, there are many ways one can adopt and use in teaching and enlightnening people about them, every bitcoin is under cryptocurrency but not all cryptocurrencies are bitcoin which is the kore reason they were often refered to as altcoins, there are many materials that can be sourced from the internet or right from the forum here through the search function button, then one will also need more time to study and learn from boards discussions on the forum.

Just tell me whether Bitcoin is a cryptocurrency or not. If you can prove to me that Bitcoin isn't a cryptocurrency then by all means I'll acknowledge  that I am wrong. Besides Bitcoin often represents cryptocurrencies.


Utility from definition :


I do not need to reiterate, that image simply tells what utility is.  When you talk about profitability, it automatically include pricing or value.  Just give facts not personal assumption .  No one is denying that many altcoin are presumed centralized because of their nature of governance.

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Just read my reply on the factor determining the value of a cryptocurrency.  I also state no matter how scarce your coins is as long as there is no demand for it, it will be worthless

Demand gives value while supply saturates that value. So it is a wrong assumption that supply gives value to the coin but how much it worth when there is a demand depends on the coin saturation or coin supply.


It is not because it is a copycat but because it has no demand.

Currently there's 22,099 coins on coinmarketcap, while Bitcoin is just 1 from 22,099 coins. This mean 22,098 are altcoins which is cryptocurrencies in general. If the authors want to discuss about Bitcoin, he need to wrote "Bitcoin", not "cryptocurrencies" since it's general and full of shitcoins. Write "cryptocurrencies" and explain it's about "Bitcoin" are completely misleading their users, don't mix about it.

Heavily determined mean at least 51% the utility and value about the coin are came from supply.

Also utility and value are different with price, utility is the purpose of the coin, value is the uniqueness, while price is just price which can be easily get manipulated if you're centralized and a whale. A shitcoin can have a fixed supply, but there's no utility and value because they're centralized and copycat.

Not to argue with you but how much do you know about cryptocurrency?  Did you know Bitcoin is under the umbrella of cryptocurrency? Bitcoin is known as cryptocurrency and altcoin is another part of cryptocurrency.  Cryptocurrency can be centralized  or decentralized depending on the developers control on the Blockchain but originally it is decentralized because the first cryptocurrency that is still existing is Bitcoin. With that, in this lesson  Bitcoin is taken as example of a cryptocurrency so I do not think there is wrong about the authors explanation.  The fact that your understanding about cryptocurrency is moot, I do not think that there is more on what you are saying.  I do respect your point of view but straighten it out first before uttering non-sense stuff. else  keep it by yourself and don't mislead anyone that cryptocurrency is only shitcoins.

edit.. add on..



Note the word heavily determined, the article does not say the only one to determine... see the difference?  Of course there are several factor that determine the price, value and utility of a cryptocurrency, these are the demand and supply.  Never factor out the demand because without the demand, no matter how little your supply is it will be worthless.  Now taking the situation in the same ground, both have the same amount of demand but Coin A has more circulating coins than Coin B.  which do you think have higher price?  Which do you think have better value and which one would you think that has better utility? 

In the given example it simply shows that supply heavily determined the utility and value of a coins.

There's so many contents they created in this site, but after I visit the first content and I read it, I find this articles are complete trash since they didn't even can distinguish between cryptocurrency aka shitcoins and Bitcoin.

Read the quoted part below.

Cryptocurrencies aka centralized shitcoins are decentralized? No way, it's similar like people who leave most of their coins on Binance, because they think Binance is safe due to SAFU.

And then they said supply is heavily determine the utility and value, there's many centralized shitcoins has limited supply and lower than Bitcoin, does those shitcoins are better than Bitcoin in terms of utility and value?

Thanks for the suggestion, the new color looks nicer than black as a background shade.  I shared the course without thinking the Bitcoin color branding.  But as I changed it, it looks nicer to the eye.

Actually the full course goes up to the altcoin lesson, I just cut the altcoin parts because I don't think it is necessary for newbies and will make the thread too long making it boring at first glance.  Maybe I can put the altcoin course on the 2nd post since I had it on reserved.

I did not read contents, courses for Bitcoin shared by you.

Why don't use the Orange color?.

Dark is for some other coins, not for Bitcoin. We are all familiar with Bitcoin with Orange that is a brand color for bitcoin.

Reserve

While browsing the site looking for an answer to one of the question on the mining board, I stumble a course created in Babypips.com that is so simple and easy to understand.  I know many of our fellow member here are highly motivated to teach their friends and relatives about bitcoin so I think the importance of sharing this Bitcoin course to you. The course titled School of Crypto and the course layout is of the following:

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Course Table of content:

• Introduction
• Beginner's Guide to Bitcoin
• Beginner's Guide to the Bitcoin Network
• Beginner's Guide to Hashing
• Beginner's Guide to Bitcoin Mining
• Beginner's Guide to Blockchain
• Beginner's Guide to Bitcoin Wallets
• Beginner's Guide to Digital Signatures

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Introduction

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Learn what a cryptocurrency is and what makes it special. You'll also meet your friendly guide who will explain their approach to teaching crypto.

• What is a Cryptocurrency?
  
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    What is a cryptocurrency? How are they different from traditional currencies? What makes them so special?
• Crypto As A New Asset Class
  
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    Cryptocurrencies are now seen as financial assets that can be held as alternative investments. Learn why many consider crypto as a brand new asset class.
• Meet Toshi Moshi
  
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    Meet Toshi Moshi, your friendly guide into the world of crypto.
• Getting Started With Bitcoin
  
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    Crypto has a steep learning curve and can be overwhelming. Rather than try to learn about the entire crypto market all at once, let’s start with Bitcoin!

Beginner's Guide to Bitcoin

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Understanding Bitcoin, like what it is, where it came from, and how it works provides a solid foundation for being able to navigate the entire crypto space.

• What is Bitcoin?
  
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    What is Bitcoin? An introduction to the original cryptocurrency.
• Why Was Bitcoin Created?
  
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    Why was Bitcoin created? Learn about the unique challenges of creating e a digital version of cash.
• What Problems Did Bitcoin Solve?
  
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    What problems did Bitcoin solve? Previous attempts to create digital cash have failed due to these problems.
• What is a Distributed Ledger?
  
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    What is a distributed ledger? The first step to understanding how Bitcoin works is to become familiar with the concept of a “distributed ledger”.
• The Bitcoin System and Its Components
  
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    Bitcoin is more than just a cryptocurrency. It’s a system. Let’s take a look at the different components of the Bitcoin system.

Beginner's Guide to the Bitcoin Network

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Learn what the Bitcoin network is, what happens on the Bitcoin network, and why it's important.

• What is a Network?
  
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    What’s a network? Before we dig deeper into the details of the actual Bitcoin network, let’s take a step back first and review what a computer network is.
• What is the Bitcoin Network?
  
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    What is the Bitcoin network? And how is it formed?
• What Does the Bitcoin Network Do?
  
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    Learn how the Bitcoin network is formed and what actually happens on the network.
• What is a Bitcoin Node?
  
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    What exactly is a Bitcoin node? What does a Bitcoin node do? How does a Bitcoin node work?

Beginner's Guide to Hashing

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In order to truly understand how Bitcoin and other cryptocurrencies work, it’s crucial to first understand the concept of "hashing".

• What is Hashing?
  
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    In order to truly understand how Bitcoin and other cryptocurrencies work, it’s crucial to first understand the concept of “hashing”.
• How Does Hashing Work?
  
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    Hashing is a mathematical operation that is easy to perform, but extremely difficult to reverse. Learn how it all works.
• Examples of Hashing
  
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    Let’s look at some examples of hashing and see how the hashing process works using an actual hash function.
• What Is Hashing Used For?
  
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    What is the purpose of hashing? What exactly is hashing used for?

Beginner's Guide to Bitcoin Mining

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Learn what Bitcoin mining is and how it works. The inner workings of mining bitcoin are demystified. It's not as complicated as you might think it is.

• What is Bitcoin Mining?
  
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    Learn what Bitcoin mining is and understand why it’s needed to make the whole Bitcoin system work.
• What is a Mempool?
  
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    Learn about the mempool, a temporary storage area for pending transactions waiting to be confirmed.
• What is a Bitcoin Miner?
  
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    Learn about a special type of Bitcoin nodes that do the crucial work of confirming transactions.
• How Bitcoin Mining Works
  
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    Bitcoin mining is required for new transactions to get added to the blockchain. Learn how this process works.

Beginner's Guide to Blockchain

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Learn what a blockchain is and how it’s related to Bitcoin and other cryptocurrencies.

• What is a Blockchain?
  
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    An introduction into how blockchains work and why they’re so revolutionary.
• What Makes Blockchain So Special?
  
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    Learn what makes the blockchain so special and why it’s considered innovative and possibly transformative.

Beginner's Guide to Bitcoin Wallets

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In order to send or receive bitcoins, you need to use a Bitcoin "wallet". Learn what a wallet is, the different types, and how to use them.

• What is a Bitcoin Wallet?
  
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    In order to send or receive bitcoins, you need to use a “wallet”. But what exactly is a Bitcoin wallet?
• What is a Seed Phrase?
  
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    Learn what a seed phrase is and why it’s extremely important to keep it secret and safe.
• Why Are Bitcoin Wallets Needed?
  
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    What is the purpose of using a Bitcoin wallet? Why are they needed anyway?
• What Are the Different Types of Bitcoin Wallets?
  
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    There are multiple Bitcoin wallets available that you can use. Learn the different types.
• Which Bitcoin Wallet Should You Use?
  
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    The best Bitcoin wallet for you will depend on your preferences across these three dimensions.
• How to Send Bitcoin
  
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    Learn how to securely send bitcoin.
• How to Receive Bitcoin
  
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    Learn how to receive bitcoin securely.
• Do Bitcoin Wallets Store Bitcoins?
  
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    Some people believe that Bitcoin wallets actually contain bitcoins. But this is false. Here’s why.

Beginner's Guide to Digital Signatures

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Digital signatures are a fundamental building block in cryptocurrencies. Learn what they are and how they work.

• What Is A Digital Signature?
  
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    Digital signatures are a fundamental building block in cryptocurrencies. Let’s learn why.
• What is Encryption?
  
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    In order to truly grasp the concept of digital signatures, you must first understand how encryption works.
• What is Asymmetric Encryption?
  
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    Learn how asymmetric encryption work in cryptocurrencies.
• How Digital Signatures Kinda Work
  
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    Digital signatures may sound complicated, but I’ll explain how it works so that you’ll be able to understand.
• How Do Digital Signatures Work?
  
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    Learn how a digital signature actually works in Bitcoin and other cryptocurrencies.
• How a Bitcoin Transaction Works
  
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    Learn how a Bitcoin transaction works from start to finish.
• Putting It All Together: The Bitcoin System
  
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    You’ve learned a lot about Bitcoin. Now let’s put it all together!

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The course is a good starter for a beginner.  It explains the lessons clearly and even sets graphical presentation of the topic.  So I share the course by listing the courses and topic inside the course to have a glimpse on what is tackled before getting linked out of the forum.

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Source: https://www.babypips.com/crypto/learn