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Bitcoin: Essential Concepts

This ebook is a collection of the most relevant and applicable frameworks, mental models, and heuristics as they relate to bitcoin.

Over the years I’ve created and collected a vast amount of notes, diagrams, charts, and quotes that I believe help to explain the inevitability of bitcoin from first principles.

I've now organized them into one easy to digest resource. After hundreds of iterations, I've finally compiled what I believe to be the most useful reference book for bitcoiners and precoiners alike.

In total, the book covers 40 concepts and 14 sub-concepts and is written for a non-technical audience that enjoy visual explanations.

I'm also thrilled to announce that the foreword to this book was graciously written by Jeff Booth.

Praise for Essential Concepts of Bitcoin

"Anil has done an incredible job visually illustrating some of the most important concepts in bitcoin in an intuitive, appealing, and popular way." —Saifedean Ammous

"Anil has an impressive ability to condense down hundreds of hours of reading, listening, and learning into simple graphics." —Stephan Livera

“Anil has a great way of condensing complex ideas into visual form that makes absorbing them much easier for the layperson. He's done some fantastic threads on money and Bitcoin. Follow Anil!" —Vijay Boyapati


PART I: Economics

1. Scarcity

2. Gresham’s Law

3. Cantillon Effect

4. Schelling Point

5. Opportunity Cost

6. Impossible Trinity

7. Jevons Paradox

8. Power Laws

9. Unit Bias

10. Veblen Good

11. Malinvestment

12. Asymmetric Payoff

13. Ansoff Matrix

PART II: Technology & Systems

14. Orders of Magnitude

15. Network Effects

16. Accelerating Returns

17. Higher-Order Effects

18. Creative Destruction

19. Feedback Loops

20. Relativity

21. Thermodynamics (1st Law)

22. Thermodynamics (2nd Law)

23. Moore’s Law

24. Antifragility

25. Gall’s Law

26. Catalysts

27. Friction

PART III: Psychology

28. Prisoner’s Dilemma

29. Social Proof

30. First Conclusion Bias

31. Circle of Competence

32. Category Error

33. Gartner Hype Cycle

34. Intransigent Minority

35. Inequivalence Theorem

36. Gell-Mann Amnesia

37. Lindy Effect

38. Emergence

39. Streisand Effect

40. Moral Hazard

***BONUS: Supplementary slide deck companion (90+ slides to use in your presentations)


What format is it in?

It's a PDF. I want you to be able to share individual pages with friends and family and that means using the most widely compatible file type for the most number of devices. You can view it on a kindle but please note that some elements may not be visible due to the grayscale limitations.

Will there be a hard copy?

There are currently no plans to offer a physical version. Should this change in the future, customers will be the first to know.

Can I share this book with friends and family?

Yes, you may share it with loved ones. It is released under the following license: CC BY-NC-SA 4.0

Though each copy is stamped with your buyer information and I ask that you do not publicly upload any parts of it.

I'm not satisfied, can I get a refund?

Please read a sample prior to purchasing. If you'd still like a refund, simply email within 30 days of purchase.