Tweetstorm: Bitcoin Basics Collection with @AnilSaidSo
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Tweetstorm: Bitcoin Basics Collection
By @AnilSaidSo
The technical side of Bitcoin can be intimidating. Luckily you have access to the most skilled teachers. Here are my favorite explainer threads:
1/ Hash Functions
Hash Functions are a key concept in computer science, cryptography, and yes #bitcoin.
It's impossible to explain how bitcoin works without first understanding what a Hash is.
If you'd like to expand your background knowledge, read on 👇— Danny Diekroeger (@dannydiekroeger) July 9, 2020
2/ Address Generation
For newcomers to #bitcoin like myself, generating wallet addresses is kind of a mysterious "black-box" function. To understand this better, I try to explain BIP39 & BIP32 in this 8 part thread. Don't set your expectations too high...
— burn the bridge (@econoalchemist) February 2, 2020
3/ Proof of Work
A failure to understand proof of work is a failure to understand #Bitcoin.
A thread. 🧵👇— Gigi ☣️☯️ (@dergigi) May 13, 2021
4/ Blocks
Bitcoin blocks are like container ships.
You may have heard this metaphor before, but the details are fun to consider. It also helps explain Bitcoin's path to scaling up to handle the entire world's transactions.
A thread... pic.twitter.com/pnSrqlbe9p— Croesus 🔴 (@Croesus_BTC) January 21, 2021
5/ Mempool
1/ Mempools are the centerpiece of the entire Bitcoin economy. And they are totally underrated.
I just published an article for @knoxcustody exploring these bustling, brutal marketplaces. And did someone say Hayek would’ve loved them?https://t.co/v6JyqdrKcr
🧵👇— zane pocock 🍿 (@zanepocock) June 18, 2020
6/ Difficulty Adjustment
1/7 Just published an article at @BitcoinMagazine that uses on-chain data visualizations to explain how #Bitcoin's difficulty adjustment mechanism works & how it relates to hash rate, block intervals, fees & the mempool
This 🧵 summarizes the article 👇https://t.co/LsKjpmCCWT— Dilution-proof (@dilutionproof) May 21, 2021
7/ Settlement
Every bull market the lie of "faster" altcoins resurfaces. Litecoin is not faster than Bitcoin. Dogecoin is not faster than Bitcoin. Bitcoin actually settles in LESS time than any other cryptocurrency. But to understand why that is, you have to understand what settlement is. 1/n
— (bad at math) ProgrammableTX 🟩 (@ProgrammableTx) May 18, 2021
8/ Full Nodes
I’ve received many questions about full nodes. What is a full node, what it does, and what’s so important about it? So here’s a thread for anyone wondering why they should run their own #Bitcoin full node? 🧵👇
— Ben Kaufman (@_benkaufman) May 23, 2021
About the author
Anil is an independent bitcoin educator based in Canada. He holds an MBA, CBP and was part of MIT's inaugural FinTech certificate cohort. He's guest-lectured at Business schools and launched the first Bitcoin-specific university scholarship in Canada. His focus is on simplifying concepts through visuals and storytelling to make bitcoin easier to comprehend.
You can follow him on Twitter @anilsaidso
You can pre-order his book representing approximately 3,000 hours of research, teaching, writing and design in an effort to best communicate Bitcoin as a concept.
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