3rd Question to BBCD Satoshi about the book "Buy Bitcoin, You'll Thank Yourself In The Future"

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What is the purpose of the book? ("Buy Bitcoin, You'll Thank Yourself In The Future")

CANARY WHARF, U.K. - s4story -- This comes back to the first question (why did you write the book?). The purpose of the book is to impart a few years of non programming, general Bitcoin knowledge to the reader, which can potentially give confidence to someone looking to buy and hold Bitcoin. It took me about 12 months to gain confidence before I eventually bought Bitcoin. The learning curve is steep.

The issue with Bitcoin and buying some is trust. How can you trust the place or business where you are buying Bitcoin? This is central, because people have worked hard for their money and to just buy Bitcoin from an entity they have potentially never done business with is a risk. Especially when the item they are buying exists only within the digital realm, i.e something they can't physically hold. Of course, the way that this can be held is with a physical hardware wallet, and your seed phrase either written down on paper or inscribed into metal.

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Getting back to trust, this is very important. We are starting to see some major household brands enter into the realm of Bitcoin. This is very important to give someone the confidence to invest. The two names that spring to mind are Fidelity and PayPal. The point I am making is that until major household brands enter and stay in the Bitcoin and Digital Asset space, trust will be in short supply.

Trust can also be for the reader. How can the reader trust themselves that they will stick to their plan/strategy? How can they trust that they will keep their private key secure? How can they trust they won't lose their seed/recovery phrase?

In summary, I'd say that the purpose of the book is to help someone do their own research and find answers to their questions before buying Bitcoin. Ultimately to give them confidence to dip their toes into buying and or holding (hodling) Bitcoin. All with the caveat that one day, all their investment for whatever reason may have gone or disappeared.


BBCD Satoshi

Source: BBCD Satoshi
Filed Under: Books

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