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IPFS News Link • Bitcoin

A Crypto Primer: What Preppers Need to Know

• Organic Prepper - Dominic Truces

Cryptocurrencies can be incredibly confusing, and for many, this leaves them wishing for a 101 class – a crypto primer, if you will – to help them to understand this magical internet money.

That's the phrase I first used, somewhat jokingly, to describe Bitcoin to some crypto-naïve friends back in 2012. Blockchain has come a long way since then, but a lot of people still either describe it this way or have a conception which boils down this. At the time though, it did feel somewhat magical, despite the fact that the first primary use cases centered around illicit activity (which left an indelible taint that haunts the blockchain industry to this day).

Most people have only recently become aware of cryptocurrency and blockchain. Consequently, most people have no idea of its origins or what things were like in the early days. Bitcoin used to be something far different than it is today.

In the early days of Bitcoin, because few people really understood how it worked, investors would send and receive units of Bitcoin to gain a better understanding of the investment they had made. They saw their BTC leave one wallet and enter another wallet within seconds.


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