Bitcoin and other cryptocurrencies have me confused mostly. If someone asked me what it is, I would probably say something like: “It is a modern currency, distributed among people instead of banks and institutions, and people can get rich by investing in it”. But this, of course, doesn’t mean I understand what I am talking about.
Therefore, I started looking for other sources of guidance and found the following very helpful:
The ABC’S of Bitcoin and Everything You Need To Know About “Forks”, by James Altucher. A long article with all the ins and outs of what cryptocurrencies are.
Bitcoin makes even smart people feel dumb, by Scott Rosenberg at Wired. “Warren Buffett famously advised us never to invest in anything that we don’t understand. Bitcoin investors are paying Buffett no mind.”
Bitcoin vs Ethereum with Tuur Demeester, by Preston Pysh and Stig Brodersen at the Investors Podcast (We Study Billionaires). Preston and Stig talk to the cryptocurrency expert Tuur about how it really works.
So now, next time someone starts a conversation about Bitcoin, we all know a bit more about this mysterious complex mix of finance, engineering, and philosophy.