New broker reporting rules, cost basis tracking, wash sale debates, and practical strategies for US Bitcoin holders filing in 2026. Education only — not tax advice.
Level: intermediate
Understanding the UTXO Model
intermediateUnderstand Bitcoin's UTXO (Unspent Transaction Output) model through hands-on examples. Compare it with Ethereum's account model and learn how UTXO selection affects transaction fees.
Learn the real mechanics of Bitcoin transaction fees with practical examples. Covers sat/vbyte units, virtual byte calculation, how to estimate the right fee, and strategies to avoid overpaying.
A comprehensive guide to securing your Bitcoin — from private key management and hardware wallets to multi-signature setups and real-world lessons from catastrophic security failures.
From El Salvador's legal tender law to China's outright ban — how governments around the world are regulating Bitcoin and why understanding the regulatory landscape matters even for those who value permissionless money.
How the 1944 Bretton Woods agreement created a global monetary system, why it collapsed, what replaced it, and why Bitcoin may be the first credible alternative since gold.
Bitcoin and Time Preference
IntermediateFailing to save is not a matter of willpower. A distorted monetary system has warped time preference, and Bitcoin is how a healthy future orientation can be restored.
Why Government Shouldn't Set Interest Rates
IntermediateInterest rates are a price reflecting the time preferences of hundreds of millions. What happens when one institution manipulates this?
Spontaneous Order
IntermediateThe principle of complex order that forms naturally without anyone designing it.
Economic Calculation Problem
IntermediateWhy rational economic management is impossible without market prices.
Austrian Business Cycle Theory
IntermediateWhy do booms and busts repeat? The false prosperity created by artificial credit expansion.
Cantillon Effect
intermediateNewly issued money does not reach everyone simultaneously. This is the mechanism that creates inequality.
Moral Hazard
IntermediateWhen people can pass the cost of failure to others, they become more reckless.
Nixon Shock
intermediateAugust 15, 1971, the day the dollar's link to gold was severed. The pivotal turning point that marked the beginning of the modern fiat currency era.
Inflation Tax
IntermediateThe government can take your wealth without raising taxes. An invisible tax not found in law.
What Bitcoin Fixes
intermediateBitcoin is not just an investment asset. It is a fundamental alternative to the structural problems created by the fiat currency system.
How Bitcoin Addresses Work: From P2PKH to Bech32m
intermediateA comprehensive technical guide to Bitcoin address types — P2PKH (1...), P2SH (3...), P2WPKH (bc1q...), P2TR (bc1p...). Covers Base58Check vs Bech32/Bech32m encoding, checksum mechanisms, key derivation, and why Bech32m is superior.
What Is Bitcoin Dominance and Why It Matters
intermediateA comprehensive guide to Bitcoin dominance — its definition, historical trends, what drives shifts, metric flaws, and why it remains the most watched indicator in crypto markets.
A practical and technical guide to Bitcoin mempool congestion — what causes fee spikes, how to read mempool visualizations, fee estimation strategies, CPFP, RBF, and Lightning as a congestion escape.
How Child-Pays-for-Parent (CPFP) works in Bitcoin — package relay mechanics, fee calculation, use cases for recipients and senders, comparison with RBF, and practical wallet examples.
A technical deep-dive into Bitcoin's Replace-By-Fee mechanism — BIP-125 opt-in RBF, full RBF, wallet usage, mempool dynamics, and merchant implications.
UTXO Model (Unspent Transaction Output)
intermediateBitcoin manages balances not as account totals but as sums of unspent transaction outputs (UTXOs). The coin model's principles and its privacy and security advantages.
Byzantine Generals Problem
IntermediateThe classic distributed computing problem that Bitcoin elegantly solves through proof of work, enabling trustless consensus.
51% Attack
IntermediateWhat happens when one entity controls majority hashrate — theoretically possible, practically impossible on Bitcoin.
ASIC Mining
IntermediateHow specialized chips designed solely for SHA-256 hashing transformed Bitcoin mining from a hobby into an industrial operation.
Building a Bitcoin Transaction: Overview
intermediateA hands-on developer course that teaches how Bitcoin transactions work by building one from scratch. Start here.
Understanding UTXOs
intermediateHow Bitcoin tracks balances using Unspent Transaction Outputs instead of accounts. The foundation of every transaction you'll build.
Constructing Transaction Inputs
intermediateHow to build transaction inputs by referencing UTXOs. Each input points to a coin you're about to spend.
Constructing Transaction Outputs
intermediateHow to build transaction outputs — defining recipients, amounts, and locking scripts. Includes P2PKH, P2WPKH, and change outputs.
Calculating Transaction Fees
intermediateHow Bitcoin transaction fees work — the relationship between inputs, outputs, transaction size, and fee rates.
Raw Transaction Serialization
intermediateHow to serialize a Bitcoin transaction into raw hex — version, inputs, outputs, and locktime in the correct byte order.
Signing the Transaction
intermediateHow Bitcoin transaction signing works — SIGHASH types, the signing digest, and ECDSA signatures that prove ownership.
SegWit and Witness Data
intermediateHow Segregated Witness restructures transactions by moving signatures into a separate witness field — fixing malleability and reducing fees.
Broadcasting Your Transaction
intermediateHow to broadcast a signed Bitcoin transaction to the network — from your node to the mempool and into a block.
Verifying and Exploring Your Transaction
intermediateHow to verify your transaction on the blockchain, understand confirmations, and explore advanced transaction types next.
Thinkers Who Defended Freedom and the Market
IntermediateA bird's-eye view of 200 years of the Austrian School's intellectual lineage — from Bastiat to Rothbard, including Böhm-Bawerk and Hazlitt.
Why Did Money Become a Tool of the State?
IntermediateAn overview of how money became entangled with state power and why that is a problem.