Private and public keys - Deepstash
Getting started with Cryptocurrency

Learn more about crypto with this collection

Understanding the basics of cryptocurrency

How to store cryptocurrency securely

Risks and benefits of investing in cryptocurrency

Getting started with Cryptocurrency

Discover 84 similar ideas in

It takes just

13 mins to read

Private and public keys

Private and public keys

In Bitcoin, you have public addresses and private keys:

  • The public address is like an email address, where you can receive Bitcoin. It is safe to give someone your Bitcoin public address, if you would like them to send you some Bitcoin. A Bitcoin public address will look something like this: 3J98t1WpEZ73CNmQviecrnyiWrnqRhWNLy Your hardware wallet will be able to generate new public addresses whenever you need them.
  • A private key is like a 64characters password to your email. You would never share it with anyone. Looks like this: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262

249

813 reads

MORE IDEAS ON THIS

Store of Value

Store of Value

A store of value is a way of transmitting wealth across space and across time. it is useful when you want to preserve the surplus value for future spending.

Gold 🪙 has historically been the defacto preserver of value. From the 70e however our money are no longer linked to ...

257

2.28K reads

“Not your keys, not your coins.”

If you do not hold your own private keys, the Bitcoin is not really yours. If someone else holds your private keys (like PayPal, Robinhood, or any cryptocurrency exchange), you do not control your own Bitcoin. The Bitcoin does not truly belong to you. It can be lost, hacked, seized, or otherwise ...

244

926 reads

Bitcoin's low no of transactions/second

Bitcoin's low number of transactions may make it less suitable for daily transaction. It does not matter. “Bitcoin as store of value” Is what matters.

Like gold coins, Bitcoin is simply too valuable to be used in daily transactions. There is no reason that we will ever ne...

239

929 reads

Information about the future is reflected in the current price

One of the hallmarks of the “efficient market hypothesis” (EMH) is that current information and future information that is known today will get priced into an asset.

If everyone knows that Apple will beat earnings this quarter, those expected earnings will get priced into Apple’s stock...

242

1.02K reads

The problem with GOLD

Gold is not a perfect store of value:

  • It is difficult to transport. During wars many people lost theyir gold savings.
  • It's difficult to store. Special facilities are needed but even then history is filled with examples of government confiscati...

242

1.28K reads

Top 10 commandments of Bitcoin

  1. Value your wealth in Bitcoin
  2. Dollar cost average into Bitcoin
  3. Never sell your Bitcoin
  4. Never trade in and out of Bitcoin
  5. Ignore the price of Bitcoin
  6. Not your keys, not your coins
  7. Never share your recovery seed
  8. Don’t advertise your Bitcoi...

268

1.15K reads

Bitcoin is better money

Bitcoin is better money

Bitcoin solves all of Gold problems.

  • I can hold my Bitcoin in self-custody, and no one can take it from me. I’m not dependent on a bank or other third party.
  • The Federal Reserve cannot devalue my savings that are held in Bitcoin. If the Fed prints more money, the price of my Bi...

253

1.27K reads

Plan B - a method to predict bitcoin value

Plan B - a method to predict bitcoin value

Is a paper famous for coming up with a valuation got Bitcoin. It borrows the concept of “stock-to-flow” from precious metals analysts. “Stock-to-flow” (henceforth “S2F”) as a way of measuring the relative scarcity of a commodity. With the analogy the price of bitcoin is predicted to hit:

    258

    1.42K reads

    CURATED FROM

    CURATED BY

    vladimir

    Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

    Related collections

    More like this

    How Identity Works in Web3

    In Web3, Identity also works much differently than what we are used to today. Most of the time in Web3 apps, identities will be tied to the wallet address of the user interacting with the application.

    Unlike Web2 authenticat...

    The structure of bitcoin

    • Bitcoin is a peer-to-peer money network. You don't have to pay a fee to a bank when you send money to another party.
    • Bitcoin is finite. There can only be 21 million bitcoin in the world. More than 17 million have already been mined while the rest w...

    How Do Virtual Private Servers Work?

    Virtual private servers work by using software to create a number of virtual machines on a single physical server. Each of these virtual servers has access to its own dedicated resources and can't interact with any of the other servers, which is why they're referred to as private...

    stash-superman-illustration

    Explore the World’s

    Best Ideas

    200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

    An Idea for Everything

    Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

    Knowledge Library

    Powerful Saving & Organizational Tools

    Save ideas for later reading, for personalized stashes, or for remembering it later.

    # Personal Growth

    Take Your Ideas

    Anywhere

    Organize your ideas & listen on the go. And with Pro, there are no limits.

    Listen on the go

    Just press play and we take care of the words.

    Never worry about spotty connections

    No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

    Get Organized with Stashes

    Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

    Join

    2 Million Stashers

    4.8

    5,740 Reviews

    App Store

    4.7

    72,690 Reviews

    Google Play

    Ashley Anthony

    This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

    Sean Green

    Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

    Shankul Varada

    Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

    samz905

    Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

    Ghazala Begum

    Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

    Giovanna Scalzone

    Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

    Laetitia Berton

    I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

    Jamyson Haug

    Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

    Read & Learn

    20x Faster

    without
    deepstash

    with
    deepstash

    with

    deepstash

    Access to 200,000+ ideas

    Access to the mobile app

    Unlimited idea saving & library

    Unlimited history

    Unlimited listening to ideas

    Downloading & offline access

    Personalized recommendations

    Supercharge your mind with one idea per day

    Enter your email and spend 1 minute every day to learn something new.

    Email

    I agree to receive email updates