11.Table-of-Contents.md

Table of Contents

Acknowledgments

Purpose

Chapter #1 - Why Do We Need Money?

• 1.0 Introduction
• 1.1 Meet Satoshi
  • Activity: Five Questions on Money
• 1.2 Class Discussion: Why Do We Need Money?

Chapter #2 - What is Money?

• 2.0 Introduction
  • Activity: Class Discussion - “What is Money?”
• 2.1 Definition of Money
• 2.2 Function of Money
• 2.3 Properties of Money
• 2.4 Types of Money
• 2.5 The Psychology of Money: Scarcity, Time Preference, and Trade-offs
  • Activity: Time Preference

Chapter #3 - The History of Money

• 3.0 Introduction
  • Activity: Barter Game
• 3.1 Evolution from Barter to Modern Currency
  • 3.1.1 Problems with Early Forms of Money
  • 3.1.2 Development of Coinage and Paper Money
  • 3.1.3 Transition from Sound to Unsound Money
  • 3.1.4 Paper to Plastic
• 3.2 Digital Currency

Chapter #4 - What is Fiat Money and Who Controls it?

• 4.0 Introduction
• 4.1 Brief History of Fiat Money
• 4.2 The Fiat System
  • 4.2.1 A Monetary System by Decree
  • 4.2.2 Fractional Reserve Banking: A System Fueled by Debt
  • Activity: Fractional Reserve Banking
  • 4.2.3 Who Controls the Fiat System and How Do They Benefit?
• 4.3 Central Bank Digital Currencies: The Future of Fiat Money

Chapter #5 - How Problems Lead to Solutions

• 5.0 Introduction to the Problem
• 5.1 Decreasing Purchasing Power
  • 5.1.1 Monetary Inflation and Its Effect on Purchasing Power
  • Activity: The Effects of Inflation: An Auction Activity
• 5.2 The Global Debt Burden and Social Inequality
  • 5.2.1 Impact on the Individual - Loss of Purchasing Power
  • 5.2.2 Impact on Society - Increasing Wealth Inequality
  • Activity: Consequences of the Fiat System
  • 5.2.3 The Global Debt Burden
• 5.3 The Cypherpunks and the Quest for a Decentralized Currency
  • 5.3.1 The Cypherpunks
  • 5.3.2 Centralized vs Decentralized Systems
  • 5.3.3 Brief History of Digital Currencies

Chapter #6 - An Introduction to Bitcoin

• 6.0 Satoshi Nakamoto and the Creation of Bitcoin
• 6.1 How Does Bitcoin Work?
  • 6.1.1 The Nakamoto Consensus Mechanism
  • 6.1.2 The Players of the Game
  • Activity: Consensus Building in a Peer-to-Peer Network
• 6.2 Bitcoin as Sound Digital Money
  • 6.2.1 Introduction
  • 6.2.2 Bitcoin’s Features
  • Activity: Class Discussion - Is Bitcoin Sound Money?
  • 6.2.3 Embracing Personal Responsibility

Chapter #7 - How to Use Bitcoin

• 7.0 Introduction
• 7.1 Acquiring and Exchanging Bitcoin
  • 7.1.1 P2P: Physical
  • 7.1.2 P2P: Online
  • 7.1.3 Centralized Exchanges
• 7.2 An Introduction to Bitcoin Wallets
  • 7.2.1 Self-custodial vs Custodial Wallets
  • 7.2.2 Different Types of Bitcoin Wallets
  • 7.2.3 Open Source vs Closed Source
  • Activity: Class Evaluation of Bitcoin Wallets
• 7.3 Setting up a Mobile Bitcoin Wallet
  • Activity: Setting Up/Recovering a Bitcoin Wallet
• 7.4 Receiving and Sending transactions
  • Activity Bitcoin Transactions in Action
• 7.5 Saving in Bitcoin
• 7.6 DYOR - Don’t Trust, Verify

Chapter #8 - Lightning Network: Using Bitcoin in Your Daily Life

• 8.0 Introduction
  • Activity: Watch “Bitcoin Lightning Network Explained: How it Actually Works”
• 8.1 The Lightning Network
• 8.2 Different Types of Lightning Wallets
  • 8.2.1 Self-Custodial vs Custodial Wallets
  • 8.2.2 Open Source vs Closed Source
• 8.3 Setting Up a Bitcoin Lightning Wallet
• 8.4 Sending and Receiving Lightning Transactions
  • Activity: Lightning Wallet Relay Race
• 8.5 Buying Coffee and Groceries with Bitcoin
  • 8.5.1 Online: Payment Plugins - Ecommerce
  • 8.5.2 In person: Find a Merchant in Your Area
  • 8.5.3 Transitional tools: Gift Cards and Payment Cards
  • 8.5.4 Circular Economies and Bitcoin as a Medium of Exchange

Chapter #9 - An Introduction to the Technical Side of Bitcoin

• 9.0 Introduction
  • Activity: Watch “How Bitcoin Works Under the Hood”
• 9.1 Public and Private Keys: Security through Cryptography
  • 9.1.1 Cryptography Public/Private Keys
  • 9.1.2 Hashing Explanation
  • Activity: Generate SHA 256 Hash
• 9.2 The UTXO Model
• 9.3 A Closer Look at Bitcoin Nodes and Miners
  • 9.3.1 What is a Bitcoin Node and How Do I Set One Up?
  • Activity: Watch Video on Bitcoin Nodes
  • 9.3.2 What is a Bitcoin Miner and How Does Mining Work?
• 9.4 What is the Mempool?
  • Activity: Mempool
• 9.5 How Bitcoin Transactions Work from Start to Finish

Chapter #10 - Why Bitcoin?

• 10.0 Introduction
  • Activity: What Could a Bitcoin Future Look Like?
• 10.1 What Are Central Bank Digital Currencies (CBDCs) and Who Controls Them?
• 10.2 The Philosophy of Bitcoin
  • Activity: Class Discussion - Do You Have the Right to Control Your Own Money?
• 10.3 The Benefits of Bitcoin
• 10.4 An Empowered Future
  • Activity: Class Discussion - How Did Your Perspective Change?

Additional Resources

• 1. Why Use Bitcoin?
• 2. What is Bitcoin?
• 3. Further Learning
• 4. Courses
• 5. Important Authors
• 6. Cited Authors
• 7. Other Resources

Chapter Key Concepts

• Chapter 1
• Chapter 2
• Chapter 3
• Chapter 4
• Chapter 5
• Chapter 6
• Chapter 7
• Chapter 8
• Chapter 9
• Chapter 10

Glossary