I've tried to read about what a Bitcoin is, how to mine, etc. I find them to be confusing in that I don't understand the underlying factors driving Bitcoin. Everything I've read seems to assume the reader has some knowledge of Bitcoin (even the wiki). Where should I start?
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1I recommend reading the articles and watching the videos on howmanycoins.com– osmosisCommented Sep 1, 2011 at 8:32
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Sorry for the huge bump. If someone ever gets here new resources have been created since the question was asked, learnmeabitcoin.com is great for newcomers and bitcoin.page is a good central place which links to places with Bitcoin resources.– Antoine PoinsotCommented Jun 26, 2020 at 18:10
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13 Answers
I wrote the "New to Bitcoin? Start here!" post at bitcointalk.org.
OrigamiRobot, I highly recommend that you read that introduction before proceeding on to anything else, especially the original whitepaper, which is incredibly unapproachable for the average person. After you finish it, come here and ask about the things that still confuse you--Bitcoin is very complicated, and it can take a while to wrap your head around it!
answered Aug 30, 2011 at 23:32
Weusecoins.com has an excellent video on the basic premise of bitcoin. Bitcoin is a very complicated platform, and really has two separate entities. There is bitcoin the currency, and bitcoin the currency ledger.
The wiki available at bitcoin.it will give you more in depth information if the weusecoins video is too broad.
answered Aug 30, 2011 at 21:46
For a detailed, yet approachable (if you know a little bit about software and cryptography) overview of how bitcoin works, read Satoshi's white paper at: http://bitcoin.org/bitcoin.pdf
Here's a hint to get you started: a bitcoin is a balance in an account. It's not a token that is passed around. Many digital cash systems are based on discreet tokens. That's not the case with bitcoin. It is a ledger system that consists of a transaction history where balances are transferred between accounts. If you understand this before reading the paper, it might make more sense.
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1this PDF explains it best, everything else makes a lot more sense if you first digest it. Bitcoin is still a piece of software, and as always reading the manual will always help. Commented Aug 30, 2011 at 21:54
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3I do not think the whitepaper is at all approachable for someone that is brand new to bitcoin, unless that person happens to be a cryptographer that is brand new to bitcoin. Commented Sep 1, 2011 at 14:54
I think that the Bitcoin wiki is actually a very good place to learn about Bitcoin. Just read the articles there. If you don't understand something, just continue reading and then follow up on the terms you didn't understand.
If you then still have questions left, feel free to ask them here.
PS: we use coins is also a good place to start, especially the video mentioned by Matth1a3.
Try this blog post from The Economist. They are professional writers and obviously knowledgeable in economics so it's a good read. Their opinion on the future of Bitcoin is a bit pessimistic though.
http://www.economist.com/blogs/babbage/2011/06/virtual-currency
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2
A couple of years after this question was asked there is now an excellent book about bitcoin targeted mostly to developers: Mastering Bitcoin [github].
It's written by bitcoin expert Andreas Antonopoulos and is available for free on github.
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Why is this down-voted? Anything wrong with the answer? Please let me know.– porsCommented Aug 4, 2015 at 11:08
I recommend this master thesis on “Design and security analysis of Bitcoin infrastructure using application deployed on Google Apps Engine.” It covers the fundamentals of Bitcoin protocol and how everything works together in Bitcoin ecosystem.
I believe the author of this paper is also quite active here!
Others have already recommended Mastering Bitcoin and the whitepaper, and I'd strongly agree. Mastering Bitcoin's section on transactions is particularly useful.
However, nobody's recommended the Developer Guide at bitcoin.org yet, and it's one of the better resources for learning about Bitcoin, in my opinion.
For less technical resources, a good starting place would be Andreas Antonopoulos and Balaji Srinivasan's videos on Youtube.
The Princeton Bitcoin textbook is freely available here. I've read parts of it, and it is well-written and easily accessible if you have some computer science background. It was published to accompany their Bitcoin and Cryptocurrency Technologies Online Course.
Jameson Lopp curates an excellent collection of all things Bitcoin on his website. If you are new, check out a few of the explanations he links in the "Getting Started" section, he also covers books, courses, blogs, podcasts, articles, technical resources, and more.
Here is one more blog, a small eBook: https://infopedia.io/revolution-of-money/
(Money and Payment systems of tomorrow) Bitcoin rise with crypto industry story
Disclaimer: I'm the author.
I suggest the book Bitcoin Step by Step which can be found on Kindle.
http://www.amazon.com/dp/B00A1CUQQU
It will get users started safe and secure in the Bitcoin market place. It takes them screen by screen
- on how to set up a wallet securely
- Funding an account
- sending / receiving BTC
- Extracting BTC to currency
- Where they can spend BTC
- How they can earn BTC
I created this Canonical Newbie Guide on Reddit. It's still empty, but I'm hoping it will become a good resource for newbies.
answered Jan 2, 2012 at 5:46
