Bitcoin Magazine “10 Steps to Self-Sovereignty” series in partnership with Arbitrage Officially concluded. Over the past few months, we've come across many different topics, from specific guides on how to manage and interact with your Bitcoin securely and in a self-sovereign way, to explaining the fundamental characteristics that make Bitcoin a valuable and efficient asset and network. .
Now that the series is over, let's take a look at each article and the topic it covered.
Step 1 | Understanding Your Bitcoin Keys: Bip39's Initial Words
This first article takes a look at how to manage the seed phrase used to generate your private keys, how they work under the hood, and how to generate them securely. It is crucial that users understand how to manage it properly.
This article provides readers with all the basics they need to know.
Step 2 | Bitcoin Has No Top Because Fiat Currencies Have No Bottom: Understanding Monetary Decline
The second article discusses the dynamics of monetary debasement with paper currencies, and the history of this across different societies. Understanding the abuse of the money printer by central banks and previous fiat authorities is an important step in understanding why Bitcoin's immutable monetary policy makes it so valuable in today's world.
Step 3 | Do's and don'ts of Bitcoin self-custody
The following article discusses the important milestones and things to make sure you do it right when managing your Bitcoin funds. Self-guardianship goes beyond simply creating a seed phrase and putting it in a drawer. When you manage your Bitcoin, the responsibility lies entirely with you and no one else.
This article walks readers through the important things to do in managing your keys, and how to do them right.
Step 4 | Infosec Basics: How to Keep Your Bitcoin Seed Statement Secure
Creating your seed phrase is the first step to self-preservation, but over time, you'll need to ensure it's kept safe from loss and from prying eyes and thieves. The fourth article instructs readers on how to safely store backups of raw statements.
Where it is stored, where it is not stored, and the types of materials it will be stored in, this article covers them all.
Step 5 | Full Head: The Basics and Benefits of Running a Bitcoin Node
The fifth article covers one of the most important aspects of using Bitcoin besides managing your private keys: running a node. This is why it's so important, the network ultimately only exists because of all the disparate users and companies running the nodes.
It also explains to you the direct benefits gained by the user from running the node and verifying the blockchain yourself.
Step 6 | High-quality money: Bitcoin will become more scarce than gold after the halving
The sixth article compares Bitcoin with its analog predecessor: gold. This last halving saw Bitcoin's inflation rate fall below the king's rate of its analogue store of value. Gold has always been used as a comparison to explain Bitcoin's properties as money, and this article explains why Bitcoin is inherently designed to surpass gold's monetary value proposition.
Step 7 | Bitcoin Without Borders: How to Decentralize and Disallow Autonomy Across Political Jurisdictions
Article 7 explains why Bitcoin can be used all over the world. The network is not concentrated in any one jurisdiction, which means it can be accessed anywhere in the world. This provides Bitcoin with the unique value of bringing your wealth with you anywhere in the world.
Step 8 | Bitcoin is built to last: How the network defends against attacks
The eighth article reinforces why Bitcoin is so robust and resilient against failure and attacks. It explains the many potential ways in which a network could be disrupted or attacked, and goes through each scenario to explain why Bitcoin survives and continues to function in each.
It would take a truly catastrophic event to stop the Bitcoin network.
Step 9 | Switch to Banking: Bitcoin offers ultimate financial freedom
The ninth article addresses one of Bitcoin's main value propositions: the ability to spend your money personally, without anyone's permission. It looks at the benefits of Bitcoin that traditional banks and financial services cannot offer, as well as the challenges that remain on the horizon that must be overcome in order to extend these valuable uses to the world.
Step 10 | Autonomous business management
The last article in the series discusses the use of Bitcoin in commerce. Money is meant to be transacted, which inherently means that businesses and service providers must accept it in exchange for goods and services. This article discusses the issues that companies must consider when accepting Bitcoin as a method of payment and using it as money in the context of business operations.
wrapping
This series of articles can be a valuable resource for new Bitcoin users looking to enter the space and take full advantage of the sovereignty that Bitcoin offers to those willing to take responsibility.
Each article focuses on one topic to either guide readers through the process of holding their own coins, ensuring they are equipped to do so safely, or ensuring that an overall understanding of Bitcoin's value proposition in a particular area is well understood.
Both types of content are valuable and vital in ensuring that Bitcoiners have a sound footing under them when navigating this space. We hope you all gained some valuable knowledge from reading it.
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