bitcoin Magazine Series “Ten steps towards self-sovereignty” in collaboration with Ledger is officially finished. Over the past few months we have discussed many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and sovereignly, to explanations of fundamental properties that make bitcoin a valuable and functional asset and network. .
Now that the series has concluded, let's review each article and the topic it covered.
Step 1 | Understanding Your bitcoin Keys: Bip39 Seed Words
This first article looks at how to actually manage the seed phrase used to generate your private keys, how they work internally, and how to generate them securely. It is absolutely essential that users understand how to manage them correctly.
This article gives readers all the basics they need to know.
Step 2 | bitcoin Has No Ceiling Because Fiat Has No Bottom: Understanding Monetary Debasement
The second article looks at the dynamics of monetary debasement with fiat currencies and the history of that in different societies. Understanding the abuse of the money printer by central banks and former fiat authorities is an important step in understanding why bitcoin's immutable monetary policy makes it so valuable in today's world.
Step 3 | The Dos and Don'ts of bitcoin Self-Custody
The following article discusses important milestones and things you should ensure you do correctly when managing your bitcoin funds. Self-custody goes beyond simply generating a seed phrase and putting it in a drawer. When you manage your own bitcoin, the responsibility is entirely yours and no one else's.
This article guides readers through important things to do when managing your own keys and how to do it correctly.
Step 4 | Infosec Basics: How to Keep Your bitcoin Seed Phrase Secure
Generating your seed phrase is the first step in self-custody, but over time you should ensure that it stays safe from loss and from prying eyes and thieves. The fourth article tells readers how to store their backup copies of seed phrases securely.
Where to store them, where not to store them, the types of materials to store them with, this article covers them all.
Step 5 | Totally Nodded: Basics and Benefits of Running a bitcoin Node
The fifth article discusses one of the most important aspects of using bitcoin besides managing your own private keys: running a node. Explain why this is important; After all, the network only exists thanks to all the disparate users and companies running nodes.
It also explains the direct benefits that the user gained by running a node and verifying the blockchain yourself.
Step 6 | Quality money: bitcoin will become scarcer than gold after the halving
The sixth article compares bitcoin with its analog predecessor: gold. This latest halving marked bitcoin's inflation rate falling below that of the king of analog stores of value. Gold has always been used as a comparison to explain bitcoin's properties as money; This article explains why bitcoin is inherently designed to surpass the value proposition of gold monetarily.
Step 7 | bitcoin is Borderless: How Decentralization and Permissionlessness Grant Autonomy Across Political Jurisdictions
Article seven discusses why bitcoin can be used around the world. The network is not concentrated in any jurisdiction, meaning it is accessible anywhere in the world. This provides bitcoin with a unique value proposition in terms of taking your wealth anywhere in the world.
Step 8 | bitcoin is built to last: how the network defends itself against attacks
The eighth article reinforces why bitcoin is so robust and resilient against failures and attacks. It looks at numerous possible ways the network could be disrupted or attacked, and walks through each scenario to demonstrate why each is the likely outcome for bitcoin to survive and continue functioning.
It would take a truly catastrophic event to stop the bitcoin network.
Step 9 | Unbanked: bitcoin offers maximum financial freedom
The ninth article discusses one of bitcoin's main value propositions: the ability to spend your money in custody, without anyone's permission. It looks at both the benefits of bitcoin that traditional banks and financial services cannot provide, and the challenges still on the horizon that must be overcome to scale these valuable uses around the world.
Step 10 | Run the self-sovereign business
The last article in the series looks at the use of bitcoin in commerce. Money is meant to be transacted, and this inherently means that businesses and service providers must accept it in exchange for goods and services. This article discusses the issues a business should consider when accepting bitcoin as a form of payment and using it as money in the course of its business operations.
Ending
This series of articles can be a valuable resource for new Bitcoiners looking to enter the space and take full advantage of the sovereignty that bitcoin has to offer to those willing to take the responsibility.
Each article focuses on a single topic to guide readers through the act of custodying their own coins and ensuring they are equipped to do so securely, or ensuring they have a full understanding of bitcoin's value proposition in an area. determined. understood.
Both types of content are valuable and vital to ensuring Bitcoiners have a solid footing when navigating this space. Hopefully all of you have gained valuable information from reading them.
To learn more about Ledger and self-custody, visit: https://www.ledger.com/
