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Mastering Bitcoin: Chapters 1 & 2
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sbddesign authored Jan 26, 2024
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---
date: '2024-01-31'
title: 'Mastering Bitcoin: Chapters 1 & 2'
type: Doc
---

![Mastering Bitcoin](/mastering-bitcoin-1-2.jpg)

Join our vibrant reading discussion group as we dive into <a href="https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1098150090?crid=3FFD1FN2H7TZF&keywords=mastering+bitcoin+3rd+edition&qid=1703963363&sprefix=mastering+bitcoin,aps,153&sr=8-1&ufe=app_do:amzn1.fos.006c50ae-5d4c-4777-9bc0-4513d670b6bc" target="_blank">Mastering Bitcoin</a>, the ultimate technical guide to understanding Bitcoin. Perfect for those eager to deeply grasp the intricacies of Bitcoin, this group combines a fun and supportive environment for learning complex technical concepts.

Each week, we'll explore a different pair of chapters, enriching your self-reading experience. We'll provide thought-provoking questions ahead of each session to guide your reading and fuel engaging discussions. Our meetups are not just about discussing the book; they're about building a community of Bitcoin enthusiasts and builders.

Discover, discuss, and delve into the world of Bitcoin with us. Your journey towards mastering Bitcoin starts here!

<a href="https://www.meetup.com/atlantabitdevs/events/298230369/" target="_blank">RSVP for Meetup Here</a>

## How It Works

We recommend that you read up on the <a href="/page/mastering-bitcoin" target="_blank">event format</a> before you attend.

## This Session

In this session, <a href="https://twitter.com/StephenDeLorme" target="_blank">Stephen DeLorme</a> will lead us through a discussion of:

- Chapter 1: Introduction
- Chapter 2: How Bitcoin Works

### Study Questions

These questions are provided to help guide your thinking as read the material. We'll try to answer these together when we meet to discuss the chapter.

#### Chapter 1

1. Does Bitcoin have individual coins?
2. What is Bitcoin's monetary policy?
3. What are 4 innovations that were combined to make Bitcoin?
4. What are some different ways to categorize Bitcoin wallets?
5. Who are the "peers" in Bitcoin's Peer-to-Peer network?
6. How do you find the price of bitcoin?

#### Chapter 2

1. What tool could you use to visualize a Bitcoin transaction?
2. What kind of data might be included in a Bitcoin "invoice"?
3. What is a name for the smallest onchain unit of bitcoin?
4. Generally speaking, how do transaction inputs and outputs work?
5. How do is a transaction's fee indicated?
6. What is _coin selection_?
7. What are some common forms of transactions?
8. What is a UTXO?
9. What is it called when a Bitcoin node shares a new transaction with other Bitcoin nodes?
10. What's a good analogy to describe mining?
11. A new transaction is not confirmed until it has been included in a valid \_ \_ \_ \_ _ by a _ \_ \_ \_ \_.
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