How Bitcoin Works

In this section we will look under the hood of bitcoin to see how it actually works. We’ll explore the mathematics that secures its decentralised ledger, the system mechanics of the blockchain, and the game theoretic elements which determine how people use it.

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Bitcoin First Principles

Understanding Bitcoin requires thinking from first principles across many disciplines. Here are some good places to start.

1
What is Money?

The history, functions, and properties of sound money.

2
Austrian Economics

Explore the dynamic forces that govern human action.

3
Philosophy & Ethics

Principles at the core of human flourishing and freedom.

4
How Bitcoin Works

The math, mechanics, and game theory, of a decentralised ledger.

5
Why Bitcoin?

Bitcoin is freedom, hope, and humanity’s only lifeboat.

6
How To Bitcoin?

Self-custody, zero leverage, and other best-practices.