This space is dedicated to the preparation of my book “Everything I Know About Bitcoin”, which I have been working on for some time. I decided to gradually share individual chapters online, not only to capture the entire writing process but also to open a discussion with you – the readers. My goal is to create a work that will not be an academic manual full of complicated terms, but an accessible guide for anyone who wants to understand what Bitcoin really means.

If you have ideas, questions, or feedback, I would be grateful for any input – it will help me shape the book into something truly valuable for a wider audience. If you like this project and would like to support its creation, you can also do so with a voluntary contribution via Bitcoin to the following address:  bc1qj2x7c6vpsjvyw83fwjx07v0wcx5xf0774sfkvg

Introduction

Introduction “Bitcoin is a decentralized peer-to-peer virtual currency…” That was the very first sentence I ever read about Bitcoin, and honestly, it was enough to make me lose interest in the topic for a long time. This book does not aim to bring new, groundbreaking discoveries. I am not writing it for experts who study Bitcoin professionally. My intention was to put together everything I know about Bitcoin – summarizing knowledge gathered from several excellent books, podcasts, online articles, and various discussions. I tried to include the most essential insights (at least for me) in..

The History of Money

The History of Money Why am I writing about the history of money in a book about Bitcoin? In my view, Bitcoin is the next evolution of money – let’s call it Money 2.0. That’s why I consider it important to learn more about its predecessors, their advantages, but also their shortcomings, so that we don’t repeat the same mistakes of the past. It was only after I started following Bitcoin that I realized how little I actually knew about money. Where does it come from? How much of it is in circulation? Why does it lose value every year? How often is new money added or removed? Is its supply ..

The Problem of Money

The Problem of Money Inflation (people don’t change) One of the greatest problems of any money throughout history has been inflation — the gradual debasement of a currency that weakens its purchasing power. Although inflation is often discussed today in connection with printing unbacked paper money, the phenomenon is nothing new. It existed long before modern banks and central banks. Its roots run deep into history and it reappeared whenever rulers or politicians succumbed to the temptation to manipulate money to gain wealth or finance wars and state spending. While high taxes or outr..

Do We Really Control Our Money?

Do We Really Control Our Money? You might think the money in your bank account is truly yours. In practice, however, you don’t have absolute control over it. Don’t believe it? Try withdrawing a larger amount of cash and see what happens. How many forms will you fill out? What questions will the bank ask? And what if you try sending your own money to a friend in Iran or China? You’ll find your ability to dispose of your property is in fact quite limited. We live in a privileged part of the world with relatively broad freedom to handle money. That is not a given everywhere. In many countri..