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Title: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: BitDane on December 21, 2022, 10:50:32 PM While browsing the site looking for an answer to one of the question on the mining board, I stumble a course created in Babypips.com that is so simple and easy to understand. I know many of our fellow member here are highly motivated to teach their friends and relatives about bitcoin so I think the importance of sharing this Bitcoin course to you. The course titled School of Crypto and the course layout is of the following:
Course Table of content:
School of Crypto a Cryptocurrency course by Babypips.com Introduction (https://www.babypips.com/crypto/learn/introduction) Quote Learn what a cryptocurrency is and what makes it special. You'll also meet your friendly guide who will explain their approach to teaching crypto.
Beginner's Guide to Bitcoin (https://www.babypips.com/crypto/learn/bitcoin-for-beginners) Quote Understanding Bitcoin, like what it is, where it came from, and how it works provides a solid foundation for being able to navigate the entire crypto space.
Beginner's Guide to the Bitcoin Network (https://www.babypips.com/crypto/learn/bitcoin-network-for-beginners) Quote Learn what the Bitcoin network is, what happens on the Bitcoin network, and why it's important.
Beginner's Guide to Hashing (https://www.babypips.com/crypto/learn/hashing-for-beginners) Quote In order to truly understand how Bitcoin and other cryptocurrencies work, it’s crucial to first understand the concept of "hashing".
Beginner's Guide to Bitcoin Mining (https://www.babypips.com/crypto/learn/bitcoin-mining-for-beginners) Quote Learn what Bitcoin mining is and how it works. The inner workings of mining bitcoin are demystified. It's not as complicated as you might think it is.
Beginner's Guide to Blockchain (https://www.babypips.com/crypto/learn/blockchain-for-beginners) Quote Learn what a blockchain is and how it’s related to Bitcoin and other cryptocurrencies.
Beginner's Guide to Bitcoin Wallets (https://www.babypips.com/crypto/learn/bitcoin-wallets-for-beginners) Quote In order to send or receive bitcoins, you need to use a Bitcoin "wallet". Learn what a wallet is, the different types, and how to use them.
Beginner's Guide to Digital Signatures (https://www.babypips.com/crypto/learn/digital-signatures-for-beginners) Quote Digital signatures are a fundamental building block in cryptocurrencies. Learn what they are and how they work.
The course is a good starter for a beginner. It explains the lessons clearly and even sets graphical presentation of the topic. So I share the course by listing the courses and topic inside the course to have a glimpse on what is tackled before getting linked out of the forum. Source: https://www.babypips.com/crypto/learn Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: BitDane on December 21, 2022, 11:12:54 PM Reserve
Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: SquirrelJulietGarden on December 22, 2022, 03:40:16 AM I did not read contents, courses for Bitcoin shared by you.
Why don't use the Orange color?. Dark is for some other coins, not for Bitcoin. We are all familiar with Bitcoin with Orange that is a brand color for bitcoin. Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: BitDane on December 22, 2022, 05:30:05 AM I did not read contents, courses for Bitcoin shared by you. Why don't use the Orange color?. Dark is for some other coins, not for Bitcoin. We are all familiar with Bitcoin with Orange that is a brand color for bitcoin. Thanks for the suggestion, the new color looks nicer than black as a background shade. I shared the course without thinking the Bitcoin color branding. But as I changed it, it looks nicer to the eye. Actually the full course goes up to the altcoin lesson, I just cut the altcoin parts because I don't think it is necessary for newbies and will make the thread too long making it boring at first glance. Maybe I can put the altcoin course on the 2nd post since I had it on reserved. Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: Solosanz on December 22, 2022, 06:18:44 AM There's so many contents they created in this site, but after I visit the first content and I read it, I find this articles are complete trash since they didn't even can distinguish between cryptocurrency aka shitcoins and Bitcoin.
Read the quoted part below. Cryptocurrencies are decentralized. Cryptocurrencies aka centralized shitcoins are decentralized? No way, it's similar like people who leave most of their coins on Binance, because they think Binance is safe due to SAFU.Unlike traditional currencies, also known as “fiat” currencies, such as the U.S. dollar, cryptocurrencies are not connected to any government or central bank. For example, the U.S. dollar is issued and controlled by the Federal Reserve (“Fed”), the euro by the European Central Bank (ECB), and the Japanese yen by the Bank of Japan (BOJ). Cryptocurrencies are decentralized This means that, unlike fiat currencies, cryptocurrencies are not controlled by a central authority. There is no bank or government behind them. This defining feature of cryptocurrencies is known as decentralization. If no central bank or government issues or creates cryptocurrencies, then who creates them? Units of a cryptocurrency are generated based on predetermined rules written in code which are executed by software. Crypto Software One of the most important aspects of cryptocurrencies is their supply since this heavily determines their utility and value. And then they said supply is heavily determine the utility and value, there's many centralized shitcoins has limited supply and lower than Bitcoin, does those shitcoins are better than Bitcoin in terms of utility and value? Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: BitDane on December 22, 2022, 07:09:11 AM There's so many contents they created in this site, but after I visit the first content and I read it, I find this articles are complete trash since they didn't even can distinguish between cryptocurrency aka shitcoins and Bitcoin. Not to argue with you but how much do you know about cryptocurrency? Did you know Bitcoin is under the umbrella of cryptocurrency? Bitcoin is known as cryptocurrency and altcoin is another part of cryptocurrency. Cryptocurrency can be centralized or decentralized depending on the developers control on the Blockchain but originally it is decentralized because the first cryptocurrency that is still existing is Bitcoin. With that, in this lesson Bitcoin is taken as example of a cryptocurrency so I do not think there is wrong about the authors explanation. The fact that your understanding about cryptocurrency is moot, I do not think that there is more on what you are saying. I do respect your point of view but straighten it out first before uttering non-sense stuff. else keep it by yourself and don't mislead anyone that cryptocurrency is only shitcoins. edit.. add on.. And then they said supply is heavily determine the utility and value, there's many centralized shitcoins has limited supply and lower than Bitcoin, does those shitcoins are better than Bitcoin in terms of utility and value? Note the word heavily determined, the article does not say the only one to determine... see the difference? Of course there are several factor that determine the price, value and utility of a cryptocurrency, these are the demand and supply. Never factor out the demand because without the demand, no matter how little your supply is it will be worthless. Now taking the situation in the same ground, both have the same amount of demand but Coin A has more circulating coins than Coin B. which do you think have higher price? Which do you think have better value and which one would you think that has better utility? In the given example it simply shows that supply heavily determined the utility and value of a coins. Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: Solosanz on December 22, 2022, 08:14:56 AM Not to argue with you but how much do you know about cryptocurrency? Did you know Bitcoin is under the umbrella of cryptocurrency? Bitcoin is known as cryptocurrency and altcoin is another part of cryptocurrency. Cryptocurrency can be centralized or decentralized depending on the developers control on the Blockchain but originally it is decentralized because the first cryptocurrency that is still existing is Bitcoin. With that, in this lesson Bitcoin is taken as example of a cryptocurrency so I do not think there is wrong about the authors explanation. The fact that your understanding about cryptocurrency is moot, I do not think that there is more on what you are saying. I do respect your point of view but straighten it out first before uttering non-sense stuff. else keep it by yourself and don't mislead anyone that cryptocurrency is only shitcoins. Currently there's 22,099 coins on coinmarketcap, while Bitcoin is just 1 from 22,099 coins. This mean 22,098 are altcoins which is cryptocurrencies in general. If the authors want to discuss about Bitcoin, he need to wrote "Bitcoin", not "cryptocurrencies" since it's general and full of shitcoins. Write "cryptocurrencies" and explain it's about "Bitcoin" are completely misleading their users, don't mix about it.Quote Note the word heavily determined, the article does not say the only one to determine... see the difference? Of course there are several factor that determine the price, value and utility of a cryptocurrency, these are the demand and supply. Never factor out the demand because without the demand, no matter how little your supply is it will be worthless. Now taking the situation in the same ground, both have the same amount of demand but Coin A has more circulating coins than Coin B. which do you think have higher price? Which do you think have better value and which one would you think that has better utility? Heavily determined mean at least 51% the utility and value about the coin are came from supply.In the given example it simply shows that supply heavily determined the utility and value of a coins. Also utility and value are different with price, utility is the purpose of the coin, value is the uniqueness, while price is just price which can be easily get manipulated if you're centralized and a whale. A shitcoin can have a fixed supply, but there's no utility and value because they're centralized and copycat. Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: BitDane on December 22, 2022, 12:26:41 PM Not to argue with you but how much do you know about cryptocurrency? Did you know Bitcoin is under the umbrella of cryptocurrency? Bitcoin is known as cryptocurrency and altcoin is another part of cryptocurrency. Cryptocurrency can be centralized or decentralized depending on the developers control on the Blockchain but originally it is decentralized because the first cryptocurrency that is still existing is Bitcoin. With that, in this lesson Bitcoin is taken as example of a cryptocurrency so I do not think there is wrong about the authors explanation. The fact that your understanding about cryptocurrency is moot, I do not think that there is more on what you are saying. I do respect your point of view but straighten it out first before uttering non-sense stuff. else keep it by yourself and don't mislead anyone that cryptocurrency is only shitcoins. Currently there's 22,099 coins on coinmarketcap, while Bitcoin is just 1 from 22,099 coins. This mean 22,098 are altcoins which is cryptocurrencies in general. If the authors want to discuss about Bitcoin, he need to wrote "Bitcoin", not "cryptocurrencies" since it's general and full of shitcoins. Write "cryptocurrencies" and explain it's about "Bitcoin" are completely misleading their users, don't mix about it.Just tell me whether Bitcoin is a cryptocurrency or not. If you can prove to me that Bitcoin isn't a cryptocurrency then by all means I'll acknowledge that I am wrong. Besides Bitcoin often represents cryptocurrencies. Quote Note the word heavily determined, the article does not say the only one to determine... see the difference? Of course there are several factor that determine the price, value and utility of a cryptocurrency, these are the demand and supply. Never factor out the demand because without the demand, no matter how little your supply is it will be worthless. Now taking the situation in the same ground, both have the same amount of demand but Coin A has more circulating coins than Coin B. which do you think have higher price? Which do you think have better value and which one would you think that has better utility? Heavily determined mean at least 51% the utility and value about the coin are came from supply.In the given example it simply shows that supply heavily determined the utility and value of a coins. Also utility and value are different with price, utility is the purpose of the coin, value is the uniqueness, while price is just price which can be easily get manipulated if you're centralized and a whale. A shitcoin can have a fixed supply, but there's no utility and value because they're centralized and copycat. Utility from definition : https://i.imgur.com/ORChK2E.png I do not need to reiterate, that image simply tells what utility is. When you talk about profitability, it automatically include pricing or value. Just give facts not personal assumption :). No one is denying that many altcoin are presumed centralized because of their nature of governance. Quote Also utility and value are different with price, utility is the purpose of the coin, value is the uniqueness, while price is just price which can be easily get manipulated if you're centralized and a whale. A shitcoin can have a fixed supply, but there's no utility and value because they're centralized and copycat. Just read my reply on the factor determining the value of a cryptocurrency. I also state no matter how scarce your coins is as long as there is no demand for it, it will be worthless Quote Never factor out the demand because without the demand, no matter how little your supply is it will be worthless. Demand gives value while supply saturates that value. So it is a wrong assumption that supply gives value to the coin but how much it worth when there is a demand depends on the coin saturation or coin supply. Quote there's no utility and value because they're centralized and copycat. It is not because it is a copycat but because it has no demand. Title: Re: Bitcoin Course for your Bitcoin Lesson | Babypips' School of Crypto Post by: Doan9269 on December 22, 2022, 02:54:45 PM Once it comes to learning the differences from bitcoin and cryptocurrency, there are many ways one can adopt and use in teaching and enlightnening people about them, every bitcoin is under cryptocurrency but not all cryptocurrencies are bitcoin which is the kore reason they were often refered to as altcoins, there are many materials that can be sourced from the internet or right from the forum here through the search function button, then one will also need more time to study and learn from boards discussions on the forum.
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