A summary of it’s architecture in 7 layers — This summary is based on an essay written by Robert Pallas (https://robertpallas.github.io/boblog/includes/btc-7-layers.pdf). Cryptography: Bitcoin uses the Elliptic Curve Digital Signature Algorithm, which is based on public-key cryptography. Three well-known hashing algorithms, SHA-256 and RIPEMD-160, are used to generate Bitcoin addresses and Merkle trees, which are used to connect and readily verify…

Understanding the cryptographic network — Bitcoin is an electronic payment system based on cryptographic evidence rather than trust, which allows any two willing parties to interact directly with each other without the requirement for a trusted third party. The blockchain, which is a distributed digital ledger, is the foundation of Bitcoin. Blockchain is a networked…

A Summary — Preparing to Invest Before you think about buying stocks, you ought to have made some basic decisions about the market, about how much you trust the corporate background, about whether you need to invest in stocks and what you expect to get out of them, about whether you are a short-or long-term investor…

Key Points Continued — STAYING INVESTED — THE FINAL LESSON One of the worst mistakes you can make is to switch into and out of stocks or stock mutual funds, hoping to avoid the upcoming Correction. It’s also a mistake to sit on your cash and wait for the upcoming correction before you invest in stocks. …

Key Points Continued — Young people have the time to invest, but they don’t always have the cash. It’s just not any cash that can safely be put into stocks: it’s cash you can afford to live without for many years while it compounds. The scenario we’ve seen in the case of Sandy Cartwheel…

Key Points Continued — Invest for the Long Term Starting early and being patient is all you need to do to make a good return in the market. A small amount of money invested early is worth more in the long run than a larger amount invested later. People who need to pull their money out over a short…

Of the many things we’re taught in school, investing and saving is not one of them. The principles of finance are simple and easily grasped. One, Savings = Investment, as over the long term it’s not how much money you make. It’s how much of that money you put to…

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic. Socrates has now completed the main argument of The Republic; he has defined justice and shown it to be worthwhile. Now, he banishes poets from the city…

Please read from Key Lessons from Plato’s Republic — Book I, as this story is part of a broader series on Plato’s Republic. Under the tyranny of erotic love he has permanently become while awake what he used to become occasionally while asleep. In Book IX, Socrates introduces the tyrannical…