COLAYCO FINANCIAL EDUCATION ALL RIGHTS RESERVE 2017

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CHAPTER I. The Digitizing World:  Get Onboard or Be Left Behind

TOPICS:

  • The Transition to Digital Money: What’s with the Fear? A Comparison of Disruptive Technologies throughout World History

  • Centralized vs Decentralized: a Response Against the Economic Meltdown

  • Cryptocurrencies, cryptocoins, alternative coins: what are they?

  • The emergence of digital currencies, and the rise of digital economy

 

CHAPTER II. What is Bitcoin and Blockchain Basics

TOPICS

  • What is Bitcoin: the Bitcoin Protocol, Uses, Benefits

  • The potential value of Bitcoin: why should you get engaged, and why Bitcoin?

  • What are Blockchains? How Do They Work?

  • The Ecology of Bitcoin: Traditional Banking vs Blockchain-based Money Systems

  • Bitcoin and Blockchain-based Services: What’s in it for Me?

  • Legalities: Where does Bitcoin Stand Under Current Philippine Legislation?

  • Alternative Coins and their Viability

    • Should You or Should You NOT Invest: Identifying the Necessary Features of an Alt Coin to Assess their Long-term Potential Value

    • Top 5 cryptocoins and their purposes

    • Views and reviews of other alt coins

 

III. Getting Engaged: Walkthroughs and Step-by-Step Guides

A. Diagram of Processes: Public Keys, Private Keys, Transfers/Transactions, Checking balances, multi-signatures, confirming transactions

B. Basic Tools and How to Use Them

1. Wallets: Hot vs Cold Storage, Exchanges, Hybrids

2. Hot Wallets -  legitimate brands, creating, using different hot wallets, transactions,
backing up; advantages, disadvantages, risks.

  • Exodus.io, CoinBase, Blockchain

3. Cold Wallets - legitimate brands, creating, using different cold wallets, transactions, safekeeping; advantages, disadvantages, risks.

  • Trezor, Ledger, OpenDime

4. Exchanges - legitimate, top-rated exchanges based on reliability; advantages,
disadvantages, risks.

  • Poloniex, Bitfinex, CoinBase, Kraken

5. Summary: Comparison Between Storage Methods (Diagram)

6. Security, backups, other services, etc.  

 

C. Current Available Methods for Acquiring and Cashing Out BTC in the Philippines

1. Buying Bitcoins in the Philippines

  • Coins.ph, BuyBitcoin.ph

2. Cashing Out Bitcoins in the Philippines - Options, benefits, limits

  • E-cards

  • ATM Cardless Withdrawal

  • Deposit to Local Bank Account

D. Transferring BTC from one service to another

E. Converting from one cryptocurrency to another

 

 

IV. Protecting Yourself: Detecting and Avoiding Scams, Vulnerabilities to Take Note Of
Warnings, risks, signs of a scam, and countermeasures to follow.

  • Vulnerabilities of Services

  • Signs of Common Scams: If it’s Too Good to Be True, It Probably Is

  • Do’s and Don’ts

 

V. The Future of Blockchains: Significant developments and adaptation opportunities on a global scale, particularly in leading regions (Japan, Europe, America, Russia, etc.).

VI. Glossary of Terms: A quick cheat sheet for terms commonly used in the cryptocurrency world.


 

VII. Recap: A summary of the important points of the course for review.

References: Links and other resources.

 
 
 

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