The Coach's Corner

Mastering Bitcoin for Dummies

February 5th, 2018 // Tom Doescher //

Tom Doescher - Doescher Advisors

For the past couple of years I’ve felt I should know something about Bitcoin, as it’s becoming more mainstream, so I recently purchased Mastering Bitcoin for Dummies by Alan T. Norman. Have you ever had one of those moments when someone is speaking to you about a technical subject and it’s as though they’re talking in a foreign language?

As I read the book, it occurred to me that Bitcoin was developed by a computer programmer, while the author of the book is a self-proclaimed “geek” whose career goal is to become a security hacker for the U.S. government. As a result, there are many words used in the book that are probably common in the programming world, but their programming-specific meaning is definitely not familiar to me. These include wallets, blockchains, cold storage and mining.

In addition, it seems like I need to download some software to my Mac, which is a very scary thought!

In posting more than 180 blogs, I’ve never solicited a response — but if you use Bitcoin for spending, payments, or receipt of payments and are willing to talk to a limited-knowledge Mac user and teach him a little about Bitcoin, please hit reply to this blog and let me know.

p.s. If I do learn some basics, I’ll share them with my readers in a follow-up post.

Comments are closed.

The Advisor’s Corner

Tom DoescherYou’ll find stories from the trenches, business lessons, and pertinent questions to help you find inspiration, professional growth, and leadership savvy.

Sign up for Our Blog Posts

Sign up to receive our blog posts in your email.