Dr. Darwin Perkins has been inspiring, mentoring, training and motivating employees and leaders for major corporations in 15 countries throughout Europe and Asia as well as the U.S for more than three decades. Dr. Darwin is a powerful mentor and coach.
As a Bitcoin coach, he has helped hundreds of individuals understand cryptocurrencies, especially the financial and sometimes physical impacts of these new currencies. He helps to make it simple and focus for success .
He shares ideas and concepts that are proven to work in the real world hes personally tested them. You can be confident when Dr. Darwin addresses a topic; youll come away with a determination and skills to succeed. Youll have techniques and approaches you can put to use immediately and expect meaningful results.
Dr. Darwin Perkins is equally comfortable in Corporate, Small Business, or IT. His work with individuals have profound outcomes. His background includes 20 years in IT, 15 years executive and C-suite, 10 years Real Estate investing 6+ years in Bitcoin Investing and Mining, and over 30 years of teaching.
Hes uniquely qualified to make it simple for you.
Published by Next Stop Publishing, 2020
Next Stop, inc 2020, All rights reserved
Bitcoin Simple
Volume 1: The Early Years
and Why You Should Care
Bitcoin Simple Series 1, volume 1
By Dr. Darwin Perkins
www.darwinstheory.org
Patreon: https://patreon.com/darwinstheory
Bitcoin, the currency of the Internet.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. A large percentage of Bitcoin enthusiasts are simply people who want to control their future.
Table of Contents
Forward
Chapter One: Creation of Bitcoin
Chapter Two: Genesis Crypto Currency, What Is Money?
Chapter Three: Satoshi Nakamoto, The White Paper, Key Points
Chapter Four: Releasing Bitcoin And The Concept Of A Distributed Ledger
Chapter Five: Importance Of Bitcoin In 21 st Century
Chapter Six: Monumental Changes In The Concept Of Banking, Fiat Currency And Power
Chapter Seven: Buying Pizza & Lightning
Chapter Eight: Other Things To Know About Bitcoin
Now What?
Forward
Im an old guy. Bitcoin wasnt invented until I was in my late 50s. I love new things and love to figure out how things work, sometimes to the chagrin of my wife, Dr. Karen Perkins. But, in this case I was a little late to the party.
Seven years ago, I received an email from someone, gifting me 2500 Bitcoins. I had no idea what they were or what they were for. I looked at information about them on the internet, found out that 2500 of them were worth about $5.00 and lost interest immediately. I put aside the email in one of my email accounts (I think) and forgot about it. (oops)
Today (July 30 th , 2020) one bitcoin is worth US 11,145.77. Those 2500 bitcoins would be worth around USD $28 million dollars. Ive started looking through my email archives
But Im asked all the time, is it too late? or, more importantly, Am I too old to learn it?
My answer to that question is this series of books, designed to help anyone over 40 or anyone that is technically challenged to learn what they need to so they can decide if its time for them.
For me, and I believe, for you the short answer to the too late question is, emphatically No. And it most likely never will be too late. At the time Im writing this, Im 69 years old. Ive been working with bitcoin, buying, mining, and trading it for about 6 years now. If I were to provide you advice, Id say, its time.
Ive been scammed, lied to, and stolen from. In all, Ive lost about 17 coins over the years to good ideas - read that as scammers. In that time, Ive gained a lot of really valuable experience that I would not wish for anyone. With the price of Bitcoin where it is, Ill never be able to buy that many again.
I wrote this book series with a couple ideas. One, if you are over 40, you probably dont really understand what this whole crypto thing is. And, almost no one you know can help you get smarter about it.
The other reason is that there are literally thousands of people out there who are more than willing to take every last penny you have to teach or invest, or simply hold your money. That ranges from your most trusted investment advisor, your funds manager, your broker and your banker, all the way through the large majority of web sites out there that have the names Bitcoin, BTC, Alt-coin, or something else relating to Cryptocurrencies.
One of the main goals stated in Satoshi Nakamotos Bitcoin Whitepaper was to allow every person in the world to be their own bank and manage their money without any 3rd party telling them the rules.
So, I write, not because Im an expert, but exactly the opposite. If I can do this, anyone can. Im not a bitcoin guru, I just know a little bit.
And, by the end of this book, youll know enough to decide for yourself if Bitcoin, or any other crypto coin, is right for you. Then we can talk about next steps.
Now, lets get started.
Chapter One: Creation of Bitcoin
The World Before Bitcoin (the Real Estate Crash Of 2007)
The financial crisis of 2007-2008, also known as the global financial crisis (GFC) was a severe worldwide financial crisis. During these hard times, excessive risk-taking by banks combined with a downturn in the subprime lending market in the United States and culminated with the bankruptcy of Lehman Brothers on September 15, 2008 which precipitated an international banking crisis.
The crisis sparked a great recession, a global recession, which until the coronavirus recession, was the most severe recession since the great depression and lasted 8 years. As business and governmental agencies responded to the crisis, all in an effort to avoid a further collapse, encourage lending, restore faith in the integral commercial paper markets and provide banks with enough funds to allow customers to make withdrawal were to no avail.
Additionally, while the causes of the bubble may be disputed, the precipitating factor for the financial crisis of 2007-2008 is acknowledged to be the bursting of the United States housing bubble and the subsequent subprime mortgage crisis, which occurred due to a high default rate and resulting foreclosures of mortgage loans, particularly in the adjustable-rate mortgages area.
Some of the leading reasons for this global crisis:
Reckless money lending by lenders such as Bank of Americas Countrywide financial unit, which caused t he Federal National Mortgage Association , commonly known as Fannie Mae and t he Federal Home Loan Mortgage Corporation ( FHLMC ), known as Freddie Ma c to lose market share and to respond by lowering their own standards.
Excessive Mortgage Guarantees: This also contributed to one of the factors that caused the greatest recession of all time. During this period, many of the subprime loans were bundled and sold to the Fannie Mae and Freddie Mac, effectively off-loading bad debt to the government.
Easy Availability of Credit: Was known to have been fueled by large inflows of foreign funds after the 1998 Russian financial crisis and 1997 Asian financial crisis. This led to a housing construction boom and facilitated debt-financed consumer spending. (People bought more with cards and loans and less with cash.)
In the years after 1997, as bank began to give out more loans to potential homeowners, housing prices began to rise. At this time, loan of various types were easy to obtain and consumers assumed bought like money was going out of style. The only partially joking expression at that time was, As long as they are breathing, they qualify.
