Bitcoin Basics - 2026/02/10
Project Progress and Achievements:
* Bitcoin Fundamentals: Researched core concepts, blockchain, and cryptographic principles.
* Wallet & Transactions: Understood wallet types and transaction processes; simulated test transaction.
* Mining Overview: Grasped Bitcoin mining, proof-of-work, and network security.
* Risks & Benefits: Identified key advantages and inherent risks of Bitcoin.
* Market Analysis: Reviewed basic market data (price, market cap, volume).
Issues and Risks:
* Volatility: Extreme price fluctuations remain a concern.
* Regulatory Complexity: Fragmented global regulations pose challenges.
* Technical Barrier: Jargon can hinder new user understanding.
* Security: Private key management and exchange vulnerabilities are risks.
Response Plans and Required Resource Support:
* Technical Deep Dive: Plan further research into transaction scripting and Lightning Network.
* Regulatory Monitoring: Track global regulatory updates.
* Educational Content: Outline simplified materials for broader audience (request graphic design tools).
* Security Guide: Develop internal best practices for Bitcoin security.
* Expert Consultation: Schedule meeting with crypto economics expert.
Tomorrow's Work Plan:
* Deep Dive: Focus on transaction scripting.
* Regulatory Review: Research recent crypto regulations.
* Educational Module: Draft first "Bitcoin Basics" module.
* Security Tools: Explore wallet security audit tools.
* Consultation Prep: Prepare questions for expert meeting.