Bitcoin Magazine’s<\/em>\u00a0“10 Steps to Self-Sovereignty”<\/a> series in partnership with Ledger<\/a> is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network. <\/p>\n Now that the series has concluded, let\u2019s look back at each article and the topic it covered. <\/p>\n This first article<\/a> takes a look at how to actually manage your seed phrase used to generate your private keys, how they work under the hood, and how to safely generate them. It is absolutely critical that users understand how to manage them properly. <\/p>\n This article gives readers all the basics they need to know. <\/p>\n The second article<\/a> discusses the dynamics of monetary debasement with fiat currencies, and the history of that across different societies. Understanding the abuse of the money printer by central banks and past fiat authorities is an important step to understanding why Bitcoin\u2019s immutable monetary policy makes it so valuable in the world today. <\/p>\n The next article <\/a>walks through important milestones and things to ensure you do correctly when managing your funds in Bitcoin. Self custody goes beyond simply generating a seed phrase and putting it in a drawer. When you manage your own bitcoin, the responsibility is entirely yours and no one else\u2019s.<\/p>\n This article walks readers through important things that must be done in managing your own keys, and how to do them correctly. <\/p>\n Generating your seed phrase is step one of self custody, but over time you have to guarantee that it is kept safe from loss and secure from prying eyes and thieves. The fourth article<\/a> walks readers through how to store their seed phrase backups safely. <\/p>\n Where to store them, where not to store them, the types of materials to store them with, this article covers them all. <\/p>\n The fifth article<\/a> discusses one of the most important aspects of using Bitcoin aside from managing your own private keys: running a node. It explains why this is important, the network after all only exists because of all the disparate users and businesses who run nodes. <\/p>\n It also explains the direct benefits to you the user gained from running a node and verifying the blockchain yourself. <\/p>\n The sixth article<\/a> compares Bitcoin to it\u2019s analog predecessor: gold. This last halving marked Bitcoin\u2019s inflation rate dropping below that of the king of analog store of value. Gold has always been used a comparison to explain Bitcoin\u2019s properties as money, this article explains why Bitcoin is inherently designed to exceed gold\u2019s value proposition monetarily. <\/p>\n Article seven<\/a> dissects why Bitcoin is usable all across the world. The network is not concentrated in any single jurisdiction, meaning that it is accessible anywhere in the world. This provides Bitcoin with a unique value proposition in terms of bringing your wealth with you anywhere in the world. <\/p>\n The eighth article<\/a> reinforces why Bitcoin is so robust and resilient against failure and attacks. It dissects numerous possible ways the network could be disrupted or attacked, and walks through each scenario to demonstrate why in each of them the likely outcome is that Bitcoin survives and continues to function.<\/p>\n It would take a truly cataclysmic event to bring the Bitcoin network to a halt. <\/p>\n The ninth article<\/a> looks at one of Bitcoin\u2019s chief value propositions: the ability to spend your money self custodially, without permission from anyone. It looks at both the benefits of Bitcoin that cannot be provided by traditional banks and financial services, as well as the challenges still on the horizon that must be conquered in order to scale these valuable uses to the world. <\/p>\nStep 1 | Understanding Your Bitcoin Keys: Bip39 Seed Words<\/h2>\n
Step 2 | Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement<\/h2>\n
Step 3 | The Do\u2019s and Don\u2019ts of Bitcoin Self-Custody<\/h2>\n
Step 4 | The Infosec Basics: How To Keep Your Bitcoin Seed Phrase Secure<\/h2>\n
Step 5 | Fully Noded: The Basics And Benefits Of Running A Bitcoin Node<\/h2>\n
Step 6 | Quality Money: Bitcoin To Become Scarcer Than Gold Post-Halving<\/h2>\n
Step 7 | Bitcoin Is Borderless: How Decentralisation and Permissionlessness Grant Autonomy Across Political Jurisdictions<\/h2>\n
Step 8 | Bitcoin Is Built To Last: How The Network Defends Against Attacks<\/h2>\n
Step 9 | Going Bankless: Bitcoin Offers The Ultimate Financial Freedom<\/h2>\n
Step 10 | Running The Self-Sovereign Business<\/h2>\n