Topic: Doing an essay on Bitcoin, need ideas (Read 2792 times)

Hello. I also had to write an extended essay on this topic. I couldn't have done it on my own. So I turned to the writing service www.bbessays.com. Here I was provided with professional writers, thoughtful research on the topic, and an original approach. In general, the result exceeded my expectations. This service made my task easy and fun. All my requirements were taken into account, and the structure of the essay was ideal.

Why need ideas?

Everything is on google and you will find a lot of articles about it from which you can take ideas and take advantage in writing your essay.

Good luck

I think you should buy a book about bitcoin which include  a complete package about bitcoin so that you can start your essay from the fundamental aspect of bitcoin then going through the significants aspect which is the  economic and blockchain technology.

Exactly. For more than four and a half years, that essay could possibly be finished. Such amount of time is more than enough to create one.

But, if there's someone who's also into writing about bitcoin, those ideas from almost half a decade ago and the present ones might come in handy for him.

From my point of view, if you are making an essay about bitcoin. You can start from making an introduction about how and why bitcoin was created with blockchain technology because here they will know the purpose and uses of bitcoin. After that, you can tell about the risk or advantage and disadvantage of bitcoin because here they will realized if buying bitcoin would be worth it in the long term.

That major points was already discussed by other users here maybe we should suggest another unique features and topics about bitcoin.

Altcoins: As bitcoin is the most widely used cryptocurrency, these altcoins are really an alternative source of profit in them market if bitcoin doesn't have any movement in its price.

But still always prioritize your bitcoin as it really matters the most compared to other coins.


In the introduction of your essay, you should tell them that bitcoin is risky so that they will not be worried at the ending of your essay. Tell them the advantages and disadvantage of bitcoin in the present and especially in the future so that they can make plans and they will have foresight to become prepared about the future of bitcoin.

Bump to the Necrobumps.
Its been 5 years. Appreciate the generous idea sharing even after almost half a decade.

You should have seen the OP. That guy asked for ideas in 2015. If he is still writing that essay, i am pretty sure he never made it through grad school. Find the original necrobumper. Lets take his case. LOL.

It won't be a hard thing to do for you and that's for sure since you have already got your experience working with Bitcoin. On doing your essay, you just have to put in your own experience working with Bitcoin backed up or supported by factual information which can be gained from the internet since there are already data and information about it online.

Start up your essay on introducing what Bitcoin really is just to let your reader gain their interest on continuing to read the whole essay. Make it catchy yet simple to be interesting. Put basic facts on when does Bitcoin is established and other basic facts that you think people must know as introduction of knowing what Bitcoin is, just like the first time you know it.

Since you are studying computer science, this will put you up having technicalities involved which surely you do already understand how it is done and just put up how Bitcoin works and can be used. Apply your field on explaining the essence of Bitcoin's existence and how computer science can make use of working with Bitcoin and I think that was already enough for that. Just put up informations that will let people understand Bitcoin based on the perspective of you as you have already worked and learned Bitcoin through experience added by knowledge you have acquired in computer science.

I don’t think this is going to be a difficult thing, since I don’t think they are going to require you to go deep into this.
How about you start with a paragraph that explains what Bitcoin is all about, the year it was created and the person that created it. And apart from that you can go into the advantages, how Bitcoin has been your community and things like that. Then you can find something interesting to close the essay.

I don’t see much that’s required, you can go through Cointelegraph where they explained everything about Bitcoin from beginning to end so you will understand what I mean, something that summarizes that.

What I have been taught by my teachers is :
An essay can change the way the person perceives a thing , even change the whole world if done right.

I do think when you are going to start writing an essay on *Bitcoins* you need to understand that Media never does Justice to the cryptocurrencies.

If I was in your shoes I would start something like this:
-What is blockchain and when was the idea first conceived?
-How did Mr. Satoshi Use this idea ?
-What is Bitcoins ?
-What are the advantages of using Bitcoins ?
-Why does it give us a break from corruption ?
-How it can completely eradicate the middle man ?
-What are the ways that people can earn using Bitcoins ?
-What are ICO's? How did Bitcoins create a whole new era where we have 100's of cryptocurrencies
-Why does even the Government want to make their own cryptocurrencies? Should they even be called cryptocurrencies?
-Possibility of growth in the future, why we should own at least a little of them ?

*_*

I think you get the idea , just make a bulletin with questions like these and then elaborate them .

Do share your opinions on every matter since every essay is different. As different as their author.

essay is not narrow  but its not like a book where you can fit all contents  . he is talking mainly on bitcoin and not blockchain and others that are only consider accesories  . write only points that tackles the main use of btc and its basics , that should do the job .  narrow is the word he use but he didnt know where to start and sounds like he is confuse . this forum is already a place where infos in bitcoin can be found  . not all sites cover the talks on bitcoin on the year 2015

Bitcoin is not at all a narrow topic lol. There are many points you can cover such as:
Decentralization.
Inflation rate.
How it led to creation of altcoins.
Working process of bitcoin and about its ledger system.

You can write about blockchain in general and how its implemented to bitcoin. Its real world applications and how it solves payment related problems.  Its encryption technology. You can add many such points to your essay. Bitcoin is such a vast topic that even a book wouldn’t suffice to fit its contents. So, research and write your essay as interesting as bitcoin ecosystem.

Integrate your topic to different aspects of your life like it change your point of view. aside from that you can also relate it to the environment like one can conserving resources as fiat money could not. It could also do in the political side like making it as a platform for a running for election as the way to eradicate corruption through blockchain.

Actually when writing an essay therr are si many thinfs you can write about and it is up to you how you can integrate it to another tuings that it could become broad as a topic.

The original post was dated five years back. By now there is no use of giving suggestions anymore. He could've completed his degree/diploma program and might be owning few Bitcoins.

Based on personal experience when making essays, I always start from troubling issues related to the topic I choose. Based on these problems, make a concept or main idea from the solutions offered, this solution can be found by reading literature or interviewing competent resource persons. It also helps you to focus on the purpose of your research or paper. The main key is to read a lot, update about the latest information, and be sensitive to existing problems.
Bitcoin is a fairly new technology, a lot of cool innovations, but also quite controversial to cause pros and cons. From this you can try to analyze it, do we need bitcoin or not, is it profitable or not? that's a pretty complex topic to discuss. Good luck.

Since it was an essay to be done, then make use of your experience at the start of it then you slowly introduce all about Bitcoin from when and how it was started. Share your own thoughts on the experience you have got from working on Bitcoin. Your experience will say it all and just do support it by doing some research that can be useful on the track of course you have which is Computer Engineering. That would sure to involve technicalities and that is what you must do research with to support your claims and experience.

Surely what will make your essay more interesting is to state factual informations about Bitcoin base on experience and facts on the internet telling the essence, usage and benefits you can get from using and engaging with Bitcoin. Tell everything about it and do not make it looks like bias. Just state everything you wanted so that every person that will read your work will be attracted to finish reading it and find it to be informative and interesting.

The best thing to write about bitcoin and blockchain would be to write about why it was created, it had a anarchist background that allowed it to be basically alternative to currencies, sure right now people use fiat to buy bitcoin, sell it for higher price and withdraw more fiat currency and they basically end up becoming richer in fiat or at least aim to be richer in fiat and that is why most people use bitcoin.

However, if you go back to it is roots you will see that the creation process wasn't like this at all, the aim of bitcoin wasn't to peg it to USD or something and then make people rich, the reason why it was created to begin with was to actually earn/spend bitcoin and make it a currency in itself without having to change it to any other currency and just use bitcoin only.

If you are really into the use of bitcoin, you should make your own research. If you can't find one, then start one.

Making researches about bitcoin can make most of the educated person to become familiar about the uses of bitcoin, advantages, and its benefits in the market. It is much better if universities would try to implement blockchain as a course or subject, and I just read it in some threads here in this forum that if they will try to do that, college students will have a prior knowledge or basic ideas about cryptocurrency.


But if it is centralized, government will not agree with that. That's the reason why government is still not prohibiting the use of bitcoin due to its centralization, they can't track and control those bitcoin transactions easily.

I noticed that the OP created this thread way back in 2015. So I am assuming the OP already graduated as it was almost 5 years ago. I don't know if people here check the date of thread creation and just give their insights regarding this topic. Also, the OP was last active in April 2016. So I don't think he will still read all these valuable suggestions.

I see you're a computer science student, then maybe you should focus on the technicalities of bitcoin. Start your essay on the history of bitcoin and how was it made and have a transition to the technical side of it.

• Programming
• Blockchain
• Mining
• Future of blockchain
• Applications of blockchain
• How will affect the modern technology

I hope this helps you, I guess your professor will look about it, not just about the history and definition of terms about bitcoin. Since you're a computer related student, you should discuss and write the part that isn't common and not can be write by a non-computer-related course student.

One idea that I could think of is whether Quantum computing will make bitcoin mining much faster, the technology is promising in my opinion because we are currently reaching a plateau in computing speed, and in relation to that no matter how you upgrade your mining rig, it will not matter because we reached the cap.

Hello!Bitcoin has a lot of great features that you could possibly used in your essay.
I think you can start doing some research based on what you've learned working in this global forum. Opinions here on the thread is quite great and helpful, and for sure it can add more knowledge to you for an easiest study. I won't add anymore, they already said a lot 😊. Wish you luck in your essay and Congratulations! Stay safe 💕

Basically Bitcoin and blokchain are different but have a relationship. because your topic is about Comp science. means you have to get knowledge about programming languages, PoW, coding from bitcoin. You can search for knowledge on the official bitcoin website, or in this forum in the Bitcoin forum section.

I would like to recommend to your research is about how does the bitcoin works and how does it helps the community but of course this is an essay so it's needs to have a good title. Like

• Cryptocurrency towards to the future innovation
• The effect of the bitcoin on the whole economy.

Those are the possible titles you could use but still, you are in the field of programming language I think you just need to give which is related to the comsci which is proving something or making a system with the use of the bitcoin but I think it's too much broad because of the blockchain.

I tried to make a research for my university when I was finishing my studies and had the same problem.
There is not so much research around bitcoin and blockchain from the universities. Mostly, companies that move around fintech has written essays and articles about that which do not make valid sources for a university citation.

Some bitcoin transactions are not safe due to those hackers that can enter a certain platform that you are using.

If you are really careful about sending a bitcoin in a right addresses then you will not have a problem in making transactions.

Also, I think the reason why Satoshi Nakamoto made this digital currency is for people to have an asset where they can benefit for life due to its importance and benefits in the economy. Although, it is volatile in the market, with the use of bitcoin, we should handle our asset carefully and we should know how to deal with the market effectively.

I think it will be more explainable if you consider researching on blockchain at first, then you pitching detailed illustration about bitcoin and how it started, the development it has made globally and also you need to pitch down the advantages and disadvantages that bitcoin has caused since it's a existence. Mind you, your topic or project heading must be unique because it would be the one to attract your supervisor and others to your content.

I think the main purpose of creating bitcoin is like that, satoshi nakamoto wants to create a digital currency that cannot be controlled by others, so only those who have bitcoin can control it and can be used as the safest and fastest transaction solution.

You can use the following ideas:
1. Start with brief introduction about crypto currency followed by basic and fundamental information about Bitcoins.
2. Write about the origin and starting of BTC in trades and investments.
3. Talk about the golden time of Bitcoins (about 2017)
4. Talk about how Bitcoins can be used in trades and investments. Starting from a small person to person trade to a big million dollar company trade.
5. Talk about the state of Bitcoins now , their future predictions and stuff.(you can use coinpredictor.io for that)
6. Conclude with how it can be a very useful tool for the current and coming generation and how it can totally change the way of economic.

Try to scan the Bitcoin whitepaper it will help you to get ideas or additional information. Making an essay is a little bit difficult but if you're fluent in english then it would be easy just expand your opinions on you can compose your own words about bitcoin. Try also to search some articles about bitcoin and also the whole cryptocurrency.

congratulation, I wish your essay will be successful and my opinion about your topic is bitcoin will give different types of experience to everyone so go with your mind about what will you earn and learn in the usage of cryptocurrency and Bitcoin it will be perfect.

I think it definitely include the struggling. And also the great position after getting struggled in this situation then only it will be a completed essay about the Bitcoin and also add some good inspiration for the new people hopefully it will be success.

Such an interesting topic to write about. If I write such essay I would take such topics as mining or transactions. There is wide field to talk about. When I miss ideas I go to these guys https://paperleaf.ca/write-papers-for-money/ to have professional help on particular question. But I do it rather seldom.

If we increase the length of bitcoin address, is it more difficult for quantum computer to crack?

...

Another idea for the math-minded would be to take the time between blocks data and see if those times conform to the expected probability of time between blocks (10 minute average, Poisson Distribution (?)).

If you know your statistics, that would be an interesting study and not be "too broad" nor too narrow.

*   *   *

When you finish your essay, why not post it for our enjoyment?

Even the quantum computer problem is already solved. The fact that most people use a new bitcoin address each time would make a bitcoin quantum attack pretty much useless. In the future new addresses will be generated and used automatically.

What a creative idea.
For starters explaning the nature and essence of bitcoin would be good. The network, how it is maintained (miners) how it is sustained in price (block halving).

If there is time left compare bitcoin with some traditional payment system. Weigh the pro's and the cons etc.

Thanks everyone, although I at first had Bitcoin related topic in my mind for extended essay, I felt it might be a bit too broad to include in 4k words. Hence I chose random numbers, provably fair(compared it to other RNGs etc) to be specific.
 Sorry if I wasted anyone's time

The most important thing to focus on Bitcoin is basically the Blockchain itself and how it does to allow decentralisation ,the possible attacks against it and migration techniques. With Blockchain, you have to talk about the mining process and how Bitcoin nodes helps to enforce the rules. You can also focus on quantum computing and explain how ECDSA can be compromised and how to migrate the threat.

You should focus on the blockchain. The blockchain is magical. It's basically a public ledger that's really hard to mess up.

Bitcoin is truly one of a kind, and in glad you choose it add the topic of your report.

The best thing for you to do is being able to explain the impact the bitcoin is having when it comes to digital currency. Also in your essay, be sure to indicate and discuss the future of bitcoins. In the world of computing, people are moving from the paperless money and slowly into the digital currency. Just have a comparison in terms of use and how it has brought revolution. Talk also on some of the security flaws and shortcoming that are related to bitcoins. When we talk of internet and money, security factors must always be considered.

I suggest to keep your essay simple and easy to read and understand. The average perception of Bitcoin is negative currently. So it is easier to let the audience know what Bitcoin is as it is and not to swing them to be positive.

Yeah I will suggest also this points.

Have fun writing your essay.

I have done also some bitcoin essay, but I was not the only one a lot of my classmate knew about bitcoin and that was awesome to know.

There are to many other cryptos that pretend to have qualities that bitcoin don't have. In a certain way these pretend to be better cryptocurrencies than bitcoin. There are several cryptos that are having success in the market or in the connection and the use of the technology in which they are based to be build with several business. So are not only clones but probably are offering something new or different if are able to have good value at the market. Naturally are not competitors of bitcoin in the market but most of those have even much spread in other areas of technology and economy. In other words may have something that can be interesting to analyse and to compare with bitcoin. This can be a very interesting thing to be analysed and realized and can bring a good essays. Maybe it is not necessary to analyse with all of those but with two or three chosen between the most successful ones I think that can be made. Or even with only one. That depends from the data you can have.

you will get good idea if you watch the documentary "raise and raise of bitcoins", will be crisp and clear about the subject focusing on what is actually needed to understand about bitcoins.

As you are from comp.sci dept I would suggest you to concentrate on
1. Hashing technique
2. Mining
3. Transactions
4. How to implement bitcoins as one among the payment medium

If I made a eassay of bitcoin I will watch all the documentaries of it and focus what is the most important about bitcoin.
Good luck to you I hope you will make a good essay about bitcoin.

Yes you are right. Banks are using similar encryptions for their cross banking services and online banking of their customers.

Yet, it would be interesting to speculate on certain problems and solutions that quantum computers would bring into all of the financial sector, together with Bitcoin!

I'd recommend focusing on the risk and reward of the blockchain. Basically an uneditable p2p ledger that is accessible by everyone. The problem is the vulnerability to quantum computers. But with those being invented, bitcoin is not the only thing at risk.

thanks

If something like quantum computers do in fact get invented, not only bitcoin but pretty much everything that is online now would not be secure. As far as I know normal currencies use some kind of SHA encryption too.

Hmm, that and the earlier idea combined might just be it. Thanks for the contribution

Ok, I see, my bad! Here is a possible good one. Possible influence of quantum computers on Bitcoin in the future. Is Bitcoin secure if quantum computers do show up?

Maybe the effect of block chain size to the transaction frequency or if the limit of bock chain size is limited to 1MB for the next 12 months, will bitcoin survive?

i've searched in the past for it and i've found those https://blog.ethereum.org/2015/08/07/on-public-and-private-blockchains/ and http://bitcoin.stackexchange.com/questions/38711/is-a-private-blockchain-better-in-any-sense-than-a-database

it seems that the only real advantage between a blockchain and a cluster of computer is the proof of integrity

Once again, its a Comp. Sc. essay, what you are saying is more of an Economical part.
Thanks, I was interested in "cracking" of bitcoin, but couldn't come up with how exactly I might base my research.

For those who do not know what Computer science is..... the scientific and practical approach to computation and its applications. That being said, why not go into the inner working of

Bitcoin and the algorithms being used. The most popular question being asked = Can Bitcoin be cracked? You should consider this guy for your research  --> https://www.youtube.com/watch?v=ZloHVKk7DHk

Good luck, and I hope you share the results with us. 

If you are looking for some good source of material and ideas I can recommend you this publication:

Bitcoin: Questions, Answers, and Analysis of Legal Issues - https://www.fas.org/sgp/crs/misc/R43339.pdf

You can always answer some questions about Bitcoin's legal and regulatory concerns, including its potential for facilitating money laundering, its treatment under federal securities law, and its status in the
regulation of foreign exchange trading.

I want a specific question as to which I will do my research on, most of your point here is related to Economics while I'm doing a Comp. Sc. related essay.

How can topic about Bitcoin be way to narrow? I don't get it. You can write about the blockchain technology in essence. You can write about its decentralized nature and why is it important for the world and the humanity in general. Then you can write about the all aspects of finances that Bitcoin can and probably will improve in the future.

You can write about how this is only a 4th or 5th money revolution in like forever besides, barter, precious metals, money, plastic credit cards, and now trustless money which Bitcoin is.

I gave you just some pointers, there is really so many things to write about out there. Just use your imagination and research.

do you have any materials about this?

you can search about the bank blockchain technology and compare it to the real blockchain, and see what it will be the advantage for them to run one instead of remaining with fiat

Hmm you're right, what topic/question specifically would you suggest I research on feature/limits/advantages of blockchain?

I think you better choose blockchain technology as topic rather than only bitcoin. Blockchain will be wider topic and inside it you can talk also about altcoins which may be enough for an essay.

Thanks for the idea, do you think its a topic on which a research of at least 2.5 k words can be done on?

Going according to your idea, it would be too Economics related rather than being something related to computer science. While I need a broad topic that I can research 3k words on, it should be narrow enough that I cover majority of it

If it's a Comp Sci degree, and not something like Economics or Anthropology, I would focus on the technical aspects / innovations it brought: specifically, Bitcoin's approach to trustlessness and it's solution to the Byzantine General's Problem. There's plenty of articles and research done specifically on this topic: try searching GitHub and the Nakamoto Institute papers.

I think you should just focus on the new things it brings to currencies. It brings a sort of ecosystem that bp central authority is in control of, that can be profitable for miners, and convenient for users.

Hey there everyone, I'm currently finishing my diploma and have to hand in my Extended essay. My topic is going to be Bitcoin(Comp. science) , although it seemed like a good idea at start , the topic seems to be quite too narrow. I have to research about Bitcoin, what part of it should I do the research on?
Thanks in advance for the answer