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Contents

Foreword

Acknowledgments

Part 1

Bitcoin: Why?

What is Bitcoin

Is Bitcoin owned by someone (or some company)?

Who created Bitcoin?

Why was Bitcoin created?

Part 2

Bitcoin: How?

What is the difference between Bitcoin (capital letter) and bitcoin (lowercase letter)?

Why is there a limit of 21 million bitcoin?

Do i need to buy a whole bitcoin?

How are bitcoins produced?

Who or what are the miners?

How will the miners survive when all the bitcoins will be mined?

How do you make a transaction?

How do I store bitcoins?

What is a Bitcoin fork?

How do i recognize the false bitcoins by the true ones?

What is the blockchain?

What are the other possible uses of the Bitcoin blockchain?

What is a Bitcoin node?

What is a light wallet?

What is a hardware wallet? And a paper wallet?

Who sets the value of 1 bitcoin?

Can we change the Bitcoin's economic policy?

The spectre of inequality in Bitcoin

The "danger" of Bitcoin deflation

Why should I convert my savings into something so volatile?

How much does it cost to buy bitcoins?

Why shouldn't I keep my bitcoins on an exchange?

Why is digital gold better than material gold?

What is Lightning Network?

What is a Sidechain?

Was Bitcoin invented by the American NSA (National Security Agency)?

Is it true that criminals use Bitcoin?

Has anyone ever stolen bitcoins from the system?

What does Bitcoin maximalist mean?

The fundamental characteristics of a basic trustless protocol

Comparison between TCP/IP and LNP/BP

Redefining the monetary unit

What is a reorg?

What are the main critical points of Bitcoin?

Appendix I - Best Practices

Appendix II - Business modeling in the Bitcoin Lightning Network Ecosystem, by Federico Spitaleri (satoshis.games)

Appendix III – One CPU, one vote. A widespread misconception

Appendix IV – How much does it cost to send bitcoins?

Glossary

About the author

Sources and References