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Updated a few times over the years.
--------------------------------- Essentials of understanding cryptocurrencies ----------------------------------
Motivation and philosophy:
https://www.youtube.com/watch?v=mDyBbGCiBUU
The inner workings:
https://www.youtube.com/watch?v=3x1b_S6Qp2Q
The case for bitcoin (specifically):
https://casebitcoin.com/newbie
The legendary rainbow log price chart:
https://www.blockchaincenter.net/bitcoin-rainbow-chart/
Bitcoin vs Altcoins (Everything other than Bitcoin):
https://www.blockchaincenter.net/altcoin-season-index/
--------------------------------- Security ----------------------------------
--------------------------------- Major US Exchanges ----------------------------------
Coinbase - https://coinbase.com/
Common but historically lots of reliability issues (Website down, App not working, long support times)
Kraken - https://www.kraken.com/
Not as common as Coinbase, but built for crypto "professionals". Lots of investment into trading platform etc. Decent Controls, Decent Support.
Gemini - https://gemini.com/
Even less commonly used than Kraken, but built to be the most "trusted" option. Lots of KYC, "Financial Compliance" but generally best for ease of use & reliability.
Treat all these as simple places to buy and sell. Don't connect to your primary bank account where you have funds in case someone compromises your exchange account and "pulls" funds to the exchange.
NON-EXCHANGES:
Paypal / Square / Robinhood
These will not let you actually transfer crypto to a private wallet. You are simply buying exposure to crypto but it will be owned by someone else and your control / access will be governed by someone else. These are called "custodial" wallets.
--------------------------------- Wallets ----------------------------------
Mobile Wallets
Personally, I made the mistake of using one on a rooted / jailbroken android phone once and almost got everything compromised up to and including personal gmail accounts, crypto accounts, etc. I personally DO NOT recommend using anything that is mobile first / only. Its simply too vulnerable of an attack vector.
If you absolutely have to, the only one I can possibly recommend is:
https://bitpay.com/ They have been around since 2011 and as such has seen nearly everything in the crypto space. Mobile should only ever be considered a "hot" wallet that you have funds you are prepared to lose.
Desktop Wallets
(If you are comfortable with YOUR computer as your bank - treat it like your bank - don't take out of the house, keep ALL your old hard drives, don't connect to public wifi, use a vpn, don't torrent ANYTHING, etc. )
Single chains:
Multi chains:
Hardware Wallets:
Paper Wallets:
--------------------------------- Taxes ----------------------------------
Because of the eternal transaction nature of the blockchain, make sure you pay your taxes. The gov might not have the ability to come after you today.... but they may at any point in the future do a completely retroactive audit on the blockchain when the tools are sophisticated enough.
For now, I would just say - take 20-25% of any major transaction and put it USD / local currency as a tax fund. Do it AT THE TIME OF THE TRANSACTION because the token exchange rate can change.
You will get into the situation that you bought BTC at $5K, sold it at $10K, put 25% in BTC on the side and then later the value of that 25% BTC won't cover the tax liability when BTC goes back under $10K. So do yourself the favor and keep an extra savings account somewhere with tax funds in local currency.
https://tokentax.co/help/cryptocurrency-tax-rates/
-------------------------------------------------------
AMAA (Ask me almost anything) I guess.
Want to know what the blocksize wars were like?
Mt Gox collapse?
EDIT:
Fun things probably long forgotten:
2013 - the bitcoin sign guy on ESPN who received 22-25 BTC
Dogetipbot and people sending each other K's of doge for fun. Long before it was worth $1
I miss the old crypto community feels....
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