Bitcoin Economics Course

Bitcoin Economics Course

5 out of 5 based on 2 customer ratings
(2 customer reviews)


The Bitcoin Economics Course is the premiere instruction for professionals looking to understand the economics behind digital currency.

In this 3 module instruction we cover the technical basics of bitcoin and the economic fundamentals of bitcoin as a new form of money.

The information contained within the Bitcoin Economics Course is of particular use to individuals researching bitcoin from a technical and financial standpoint.

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Course Outline

Module 1 Bitcoin Basics
Unit 1 Introduction To Bitcoin
Unit 2 The Blockchain & Proof-of-Work
Unit 3 The Bitcoin Transaction Visualized
Unit 4 Public Key Cryptography & Cryptocurrency
Unit 5 Storing Bitcoin Securely
Unit 6 Bitcoin Basics Quiz
Module 2 Economic Fundamentals
Unit 1 Bitcoin vs Gold
Unit 2 Supply Curve Inelasticity of Bitcoin
Unit 3 Antifragile Market Demand of Bitcoin
Unit 4 Money As Information Technology
Unit 5 Banking the Unbanked With Cryptocurrency
Unit 6 Economics Fundamentals Quiz
Module 3 Political Analysis
Unit 1 Evolution of the Corporation
Unit 2 Algorithmic Regulation of Money Supply
Unit 3 Denationalization of Money
Unit 4 Taxation of Cryptocurrency
Unit 5 Bitcoin As a Global Reserve Instrument
Unit 6 Political Analysis Quiz
Module 4 Final Exam
Unit 1 Final Exam

Lesson Excerpt

Bitcoin will continue to spread until it is as socially accepted as email is today.

In this lesson, we will not only examine why this rapidly expanding computer network has changed the paradigm on what defines money – but why the blockchain represents a historical image of the digital economy and provides a record of any past activity due to the nature of peer-to-peer timestamp verification.


For the purposes of illustrating why bitcoin has redefined money, let us assume there exists two users on a blockchain – User A and User B. User A controls 3.0 million bitcoin on the entire network. User B controls 3.6 million. There also exists 14.4 million unmined bitcoin.


User A has used their private key to authorize a transaction to User B worth 1.8 million bitcoin. User A sends this amount to User B’s public key. At this point, the transaction has been authorized by User A and is in the process of being confirmed by miners of the network.


After the transaction has been confirmed, the bitcoin network now reflects the change in hands of the 1.8 million bitcoin User A sent User B.


Note that no currency has moved from point A to point B, but an authorization on behalf of User A to alter the network in a way which increases User B’s control of the blockchain by a measurement of 1.8 million bitcoin at the expense of User A. In bitcoin, this ledger payment system is the money supply and is radically different from any type of money we have previously seen.

When an individual makes a transaction on the bitcoin network, no actual currency is moved. That is – no file has moved. No commodity or asset has moved. No private or public key has moved. Rather, the only thing which changes is the percentage of the blockchain ledger which User A & B claim control over. When a transaction occurs in the realm of bitcoin, the image of the blockchain is altered. Nothing ever changes but the composition of this blockchain record.

The blockchain is a historical record of the bitcoin economy. There is no separation to be made between the blockchain and bitcoin. They are one in the same. Without the blockchain, you have no bitcoin ecosystem. Without an accompanying cryptocurrency, you have no measuring tool to determine the ownership of the blockchain.

Money is now an image, rather than something which can be separated from the system itself. This image of money is being constructed, altered, and verified by the thousands of machines acting as miners across the globe, and it’s a composition on public display for all to see. The miners are the painters of this network composition. The users, the brush and strokes.

In the bitcoin digital economy, money is an image continuously being constructed, verified, and reattributed by way of cryptographic authorization.

“Tangible money, old-fashioned money … is a phantom from the past, an anachronism. In its place is an entirely new form of money based not on metal or paper, but on technology, mathematics, and science. This new ‘megabyte’ money is creating a new and different world wherever it proceeds. Money now is an image.”

– Joel Kurtzman, The Death of Money

With the intrinsically valuable property of decentralization, we have a monetary system that comprises a historical record of purchasing power at any point of time in existence. The timestamping function of the blockchain allows anyone to go back and publicly determine the holdings of any address (perhaps soon any individual).

A payment conducted with bitcoin represents a paradigm shift in our concept of money – one where there is no division between currency and the system through which it flows.

Bitcoin has redefined money. Money is now an image.

Course Instructor

Travis Patron is a political economist and digital money researcher best known for his research into the internet payment system bitcoin and cryptographic techniques for individual sovereignty – which, as he states, will completely change the nature of government regulation, taxation, and business interaction on a global basis.

Patron has written industry-leading research on the opportunities and implications which come from cryptocurrency such as his recently published book The Bitcoin Revolution: An Internet of Money which has been one of the most positively-received publications in the cryptocurrency space, garnering 5,000+ downloads to date as an educational and open-sourced research compilation. His work has been referenced by bluechip companies in the financial and IT sector such as Microsoft, IBM, and Monero for their business applications.

In all of these positions, the common denominator has been serving as someone who is able to explain in simple terms, the most cutting-edge developments in internet-enabling socio-economic collaboration.

Travis Patron

Why Take This Course?

Join The Bitcoin Revolution. Understand the revolutionary opportunity that is bitcoin.

High-quality presentations & written tutorials. Course lessons are based on video presentations and written tutorials, allowing multiple perspectives on important concepts and practices. All content is capable of being accessed responsively on tablet and mobile devices.

Test Your Knowledge With Timed Examination. Each module of the Bitcoin Economics Course is accompanied by a timed examination. At the end of the course, students are required to pass a final examination in order to be accredited and issued a certification of completion.

Earn Your Bitcoin Economics Accreditation. After completion of the course, students with a passing grade will be granted their certificate of accreditation. This certification serves as evidence of your cryptocurrency industry acumen.

2 reviews for Bitcoin Economics Course

  1. 5 out of 5


    I’ve been hanging around the cryptosphere for a few years now. I met Travis at one of his talks on the subject of bitcoin as an investment for the coming years and was impressed by the material he presented. I discussed the subject with him afterwards, and he mentioned this course.

    All I have to say is that this course is no less educational than it is complete.

    I highly recommend it for investors and traders alike.

  2. 5 out of 5


    The Bitcoin Economics Course was much more than I expected. I have read Diginomics’ content before and always found it useful and this course is definitely useful.

    Plenty of content, very relevant in the ever changing crypto landscape. This course covers the basics of bitcoin and the blockchain and delves nicely into the economics of bitcoin/cryptocurrencies.

    Keep up the good work!

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