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.

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