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Next evening class: Tue 21 Oct, 18:30, lesson 5 (sample)

Beginners' course

Twelve lessons over three Tuesday evenings, for adults who start from nothing.

Three evenings, in order

Tuesdays from 18:30 to 20:30 in the library reading room, with tea at the break.

Part 1

Money and keys

money, ledger, keys, wallet

Tue 14 Oct, 18:30 (sample)

Part 2

Moving bitcoin

address, fee, block, mining

Tue 21 Oct, 18:30 (sample)

Part 3

Rules and safety

halving, node, backup, scam

Tue 28 Oct, 18:30 (sample)

Twelve lessons, in order

Each lesson builds on the one before, from what money is for to how scams work. Read them online for free, or take them as three evening classes.

01 money

What money has to do

Why people agree on money, what makes it hard to fake and who keeps the record of who owns what.

02 ledger

One record, many copies

How thousands of computers keep the same ledger of payments without a bank in the middle.

03 keys

Keys and signatures

A private key signs a payment; the public key lets anyone check the signature without seeing the secret.

04 wallet

What a wallet holds

Wallets hold keys, not coins. Phone, computer and hardware wallets, and what each one protects you from.

05 address

Addresses

Where a payment goes, why a wallet makes a new address each time and how to check one before you send.

06 fee

Fees

What you pay to have a payment included in a block, and why the fee depends on how busy the network is, not on the amount.

07 block

Blocks

A page of payments added about every ten minutes, and why waiting for a few more pages makes a payment final.

08 mining

Mining

How computers compete to add the next block, what that costs in electricity and why it keeps the record honest.

09 halving

The halving

The reward for a new block halves every 210,000 blocks, which is why the total stops just under 21 million.

10 node

Running a node

Checking every rule yourself with free software on an ordinary computer, and what a node can and cannot see.

11 backup

Backups

Writing down recovery words, paper or steel, where to keep them and how to test a backup before you rely on it.

12 scam

Scams

Giveaways, fake support, recovery services and pressure tactics: the tells, and what to do if it happened.

What the course does not do

Bitcoin’s value can rise and fall sharply, and you can lose all the money you put in. Nothing on this site is financial advice: we explain how bitcoin works, never whether to buy it.

Start with lesson 1 tonight

Lesson 1 takes twenty minutes online and costs nothing. When you are ready, book a seat at the evening course.

Demo photos from Pexels by Kampus Production, Dinidh O'Brien, Artem Podrez, Czapp Árpád, Thirdman, Helena Lopes, MART PRODUCTION, Sam Lion, panumas nikhomkhai, Louis Bauer. The theme download contains placeholder pictures, not these photos.