in 100-evolution-money.md last paragraph changed defence to defense
132-bitcoin-internet-protocol-values The Lightning Network enables fast and small payments, which are necessary due to the restricted block size technically not possible on the Bitcoin base layer. -> The Lightning Network enables small but fast payments and at the same time an unlimited amount of payments per second. Something that is technically not possible on the Bitcoin base layer due to the restricted block size.
133-How-are-Bitcoin-created These rules can only be changed through a majority consensus from all parties involved in the Bitcoin network. -> These rules can only be changed through a consensus from all parties involved in the Bitcoin network.
134-What-happens-bitcoin-mining Whilst a successful hack of the Bitcoin network could result in the greatest value heist in human history, it would require at least 51% of Bitcoin mining power to be concentrated under one owner or conglomerate. -> Whilst a successful hack of the Bitcoin network would be worrisome and destroy a lot of trust, it would require at least 51% of Bitcoin mining power to be concentrated under one owner or conglomerate.
135-21-million This reward is the incentive for miners to behave positively towards the Bitcoin network and not cheat to change transactions in their favor. -> This reward is the incentive for miners to behave positively towards the Bitcoin network and to prevent them from associating with others and attacking the network.
136-satoshi-nakamoto change in text:
Hal Finney, an American cryptography and computer expert, had long been involved in the concept of digital money. However, none of the previous solutions were technically or conceptually mature enough to be used widely. The news from Satoshi Nakamoto sounded so interesting that Hal Finney started communicating with Nakamoto. On January 3, 2009, Nakamoto mined the first public Bitcoin block, the so-called "Genesis Block". Since then, on January 3, Bitcoin's birthday has been celebrated.
On January 8, 2009, Nakamoto released the first version of the Bitcoin software.
Hal Finney was the first after Nakamoto to install the software on his computer, he famously tweeted "Running Bitcoin" on January 11, 2009 and received a transaction. Hal Finney sadly died of a nerve disease sometime later. Did he know who was hiding behind the pseudonym, Satoshi Nakamoto?
201-Arguments-against-Bitcoin
renamed reference [^^C2-6] to 1 and added it to the footnotes (in GitHub files)
The low cost of switching pools acts as a system of checks and balances on the self-regulating behavior of miners. [^^33a]
202-Bitcoin-ecological-footprint
the last bitcoin will be mined in 2140 -> the last satoshi will be mined in 2140
"The number one use of energy for example in the United States, for example, outside of civilian markets is the Department of Defense" <--- "for example" is used twice.
added paragraph: Conclusion: The Benefits of Bitcoin
I spoke to someone who was saved from starvation in Venezuela between 2016 to 2019 thanks to Bitcoin. Bitcoin literally saves lives! What can be more useful than that?
204-Strategic-Notes
Unlinked Bitcoin.com
302-Securing-coins deleted English
The seed (sometimes called mnemonic phrase or backup phrase) is a sequence of 12 or 24 English words that gives you access to the private keys of your wallet addresses, and therefore access to your coins. -> The seed (sometimes called mnemonic phrase or backup phrase) is a sequence of 12 or 24 words that gives you access to the private keys of your wallet addresses, and therefore access to your coins.
400-Wallets
Cold storage solutions like hardware wallets are not always-online and therefore are much more secure. -> Cold storage solutions like hardware wallets are never online and therefore are much more secure.
**Changed wallet recommendations!
Mobile Wallets For iOS and Android
- Blockstream Green (Bitcoin non-custodial, Liquid)
- Breez Wallet (Lightning non-custodial)
- If you want to use Bitcoin and micro-payments on the Lightning Network:
- Muun Wallet (Bitcoin and Lightning non-custodial)
- Blue Wallet (Bitcoin non-custodial and Lightning custodial)
- Electrum (Bitcoin and Lightning non-custodial, for more tech-savvy users)
Desktop Wallets Because of the security risks stated above, I don't use software wallets on my computer, except for when I use them in combination with hardware wallets. For this, I use Electrum or the hardware manufacturer's native software.
- Blockstream Green (Bitcoin non-custodial, Liquid)
- Blue Wallet (Bitcoin non-custodial and Lightning custodial)
- Electrum (Bitcoin and Lightning non-custodial, for more tech-savvy users)
deleted this paragraph: Some hardware wallets (none of the above) use Bluetooth as a connection method. I advise against this because Bluetooth technology is considered relatively unsafe. It is better to connect the hardware wallet with the supplied USB cable.
500-security-measures
If the amount on the hardware wallet has arrived as confirmed, the first test was successful. -> If the amount on the hardware wallet has arrived -status "confirmed" - the first test was successful.
600-Bitcoin-price The current price of any commodity in an open market is the average of the prices that people actually agreed and traded on over the past period of time. -> The current price of any commodity in an open market is the recent price that people actually agreed and traded on.
700-invest-in-bitcoin
But be careful as some ATM operators charge above average fees. -> But be careful as many ATM operators charge above average fees.
720-strategy Deleted this paragraph: However, you might be tempted to give it a try. Use the website If you had bought crypto to compare your earnings in recent years if you had invested in Bitcoin or Ethereum, Dash, Ripple, Cardano, Dogecoin, Litecoin or Bitcoin Cash.
900-glossary.md
Seed
12-24 words that in most of the wallets available in the market (HD wallets), produce all the private/public keys which will control your funds on the blockchain. Anyone with the seed has the control over these keys and therefore, over the funds on the associated addresses.
archived 910-endnotes.md because endnotes are footnotes inside textfiles added
930-author Anita Posch is a Bitcoin advocate, author and host of the Anita Posch show. She is the executive director of Bitcoin for Fairness - an educational non-profit initiative.
960-description-website
Anita Posch is a Bitcoin advocate, author and host of the Anita Posch show. She is the executive director of Bitcoin for Fairness - an educational non-profit initiative.
added 2 spaces at the end of each footnote
added files 960-description-website 970-keywords-Amazon 980-description-IngramSpark added to IT, YO, IG, HA 990-captions.md
950-back-cover
"Anita Posch is one of the most productive and insightful German voices in the Bitcoin space. Her work makes Bitcoin approachable, understandable and compelling to those who are new to Bitcoin and helps them on their journey to become experts. In an environment filled with noise, her work is crystal clear and honest." - Andreas M. Antonopoulos, Author "Mastering Bitcoin", "Mastering the Lightning Network" and "The Internet of Money"
Anita Posch is a Bitcoin advocate, author and host of the Anita Posch show. She is the executive director of Bitcoin for Fairness - an educational non-profit initiative.
LOOK for:
**TRANSLATE THIS PLEASE
Anita Posch is a Bitcoin advocate, author and host of the Anita Posch show. She is the executive director of Bitcoin for Fairness - an educational non-profit initiative.