Table of Contents
Bitcoin Journal’s “10 Steps to Self-Sovereignty” sequence in partnership with Ledger is formally concluded. Over the previous couple of months we have now gone by means of many alternative matters, starting from particular guides on easy methods to handle and work together along with your bitcoin securely and in a self-sovereign style, to explanations of elementary properties that make Bitcoin a helpful and functioning asset and community.
Now that the sequence has concluded, let’s look again at every article and the subject it lined.
Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed Phrases
This first article takes a have a look at easy methods to truly handle your seed phrase used to generate your non-public keys, how they work beneath the hood, and easy methods to safely generate them. It’s completely vital that customers perceive easy methods to handle them correctly.
This text offers readers all of the fundamentals they should know.
Step 2 | Bitcoin Has No High As a result of Fiat Has No Backside: Understanding Financial Debasement
The second article discusses the dynamics of financial debasement with fiat currencies, and the historical past of that throughout totally different societies. Understanding the abuse of the cash printer by central banks and previous fiat authorities is a crucial step to understanding why Bitcoin’s immutable financial coverage makes it so helpful on the planet at the moment.
Step 3 | The Do’s and Don’ts of Bitcoin Self-Custody
The subsequent article walks by means of vital milestones and issues to make sure you do appropriately when managing your funds in Bitcoin. Self custody goes past merely producing a seed phrase and placing it in a drawer. If you handle your personal bitcoin, the accountability is totally yours and nobody else’s.
This text walks readers by means of vital issues that have to be accomplished in managing your personal keys, and easy methods to do them appropriately.
Step 4 | The Infosec Fundamentals: How To Preserve Your Bitcoin Seed Phrase Safe
Producing your seed phrase is step certainly one of self custody, however over time you must assure that it’s saved protected from loss and safe from prying eyes and thieves. The fourth article walks readers by means of easy methods to retailer their seed phrase backups safely.
The place to retailer them, the place to not retailer them, the sorts of supplies to retailer them with, this text covers all of them.
Step 5 | Absolutely Noded: The Fundamentals And Advantages Of Operating A Bitcoin Node
The fifth article discusses one of the vital vital features of utilizing Bitcoin except for managing your personal non-public keys: working a node. It explains why that is vital, the community in spite of everything solely exists due to all of the disparate customers and companies who run nodes.
It additionally explains the direct advantages to you the person gained from working a node and verifying the blockchain your self.
Step 6 | High quality Cash: Bitcoin To Grow to be Scarcer Than Gold Submit-Halving
The sixth article compares Bitcoin to it’s analog predecessor: gold. This final halving marked Bitcoin’s inflation fee dropping beneath that of the king of analog retailer of worth. Gold has at all times been used a comparability to clarify Bitcoin’s properties as cash, this text explains why Bitcoin is inherently designed to exceed gold’s worth proposition monetarily.
Step 7 | Bitcoin Is Borderless: How Decentralisation and Permissionlessness Grant Autonomy Throughout Political Jurisdictions
Article seven dissects why Bitcoin is usable all internationally. The community shouldn’t be concentrated in any single jurisdiction, that means that it’s accessible wherever on the planet. This offers Bitcoin with a singular worth proposition by way of bringing your wealth with you wherever on the planet.
Step 8 | Bitcoin Is Constructed To Final: How The Community Defends Towards Assaults
The eighth article reinforces why Bitcoin is so sturdy and resilient in opposition to failure and assaults. It dissects quite a few doable methods the community might be disrupted or attacked, and walks by means of every situation to exhibit why in every of them the seemingly final result is that Bitcoin survives and continues to operate.
It will take a really cataclysmic occasion to deliver the Bitcoin community to a halt.
Step 9 | Going Bankless: Bitcoin Gives The Final Monetary Freedom
The ninth article appears to be like at certainly one of Bitcoin’s chief worth propositions: the flexibility to spend your cash self custodially, with out permission from anybody. It appears to be like at each the advantages of Bitcoin that can not be offered by conventional banks and monetary providers, in addition to the challenges nonetheless on the horizon that have to be conquered with a purpose to scale these helpful makes use of to the world.
Step 10 | Operating The Self-Sovereign Enterprise
The remaining article within the sequence appears to be like at using Bitcoin in commerce. Cash is supposed to be transacted with, and this inherently signifies that companies and repair suppliers should settle for it in alternate for items and providers. This text appears to be like on the points {that a} enterprise should think about when accepting Bitcoin as a type of cost and utilizing it as cash in the middle of enterprise operations.
Wrapping Up
This sequence of articles generally is a helpful useful resource for brand spanking new Bitcoiners seeking to enter the area and take full benefit of the sovereignty that Bitcoin has to supply for these prepared to tackle the accountability.
Every article is concentrated on a single matter to both information readers by means of the act of custodying their very own cash, and guaranteeing they’re geared up to take action safely, or be certain that a effectively rounded understanding of the worth proposition of Bitcoin in a sure space is effectively understood.
Each of a lot of these content material are helpful and very important in guaranteeing that Bitcoiners have a sound footing beneath them when navigating this area. Hopefully all of you may have gained some helpful perception from studying them.
For extra info on Ledger and self-custody, go to: https://www.ledger.com/
