Bitcoin Education | BTC.TedLee.ca

Fundamentals

What Is Bitcoin?

Not a company. Not a stock. Not a platform. An open monetary network.

Bitcoin is a decentralized digital currency that enables secure peer-to-peer transactions without banks, governments, or intermediaries. It was created in 2009 by an anonymous developer known as Satoshi Nakamoto, and it operates on an open, transparent network that anyone can audit.

Unlike every fiat currency in history, Bitcoin has a fixed supply: only 21 million will ever exist. This scarcity is enforced by mathematics and code — not by central bank policy. No government, corporation, or individual can print more, inflate it, or change the rules unilaterally.

🔒 Supply Fixed at 21 million — forever. No inflation possible.

🌐 Network Decentralized. No single point of failure or control.

🔑 Ownership Self-custody. Your keys, your coins. No permission needed.

⏱ Track Record Running since January 2009. 99.99% uptime. Zero bailouts.

Learn the Fundamentals

What's Money?

Understanding what money actually is — before you can understand why Bitcoin matters.

What Is Fiat?

Government-issued currency, how it works, and why it loses purchasing power over time.

History of Bitcoin

From Satoshi's whitepaper in 2008 to a trillion-dollar network — the timeline.

Blockchain Explained

How the distributed ledger works, why it's secure, and what makes it different.

Bitcoin Ecosystem

Wallets, nodes, miners, exchanges, Lightning Network — the full landscape.

Bitcoin & the OSI Model

How Bitcoin maps to the seven layers of the OSI networking model.

New

Gold vs BTC vs S&P 500

Performance comparison across the three major stores of value and growth.

Gresham's Law

Why bad money drives out good — and what it means for Bitcoin adoption.

Why Bitcoin?

The case for Bitcoin as a long-term savings technology and monetary alternative.

Bitcoin Is Hope

A vision for how Bitcoin can change the world for those who need it most.

Security & Privacy

Protect Your Bitcoin

Self-custody is a right — and a responsibility. Learn to hold your own keys safely.

The most important rule in Bitcoin: not your keys, not your coins. If your Bitcoin sits on an exchange, you don't own it — you have an IOU from a company that can be hacked, frozen, or shut down. True ownership means holding your own private keys in a wallet you control.

Wallets, Seeds & Self-Custody

How To Get Started

Good → Better → Best: Exchange, hot wallet, cold wallet. A clear progression for beginners.

Start Here

12 vs 24 Seed Words

Understanding the security trade-offs between 12-word and 24-word recovery phrases.

Fake BIP39 Word Generator

A tool for generating test seed words — for practice and education, not real wallets.

Dice Rolls

Generating true randomness with physical dice for Bitcoin seed word creation.

Privacy & Audit Trails

Break the Audit Trail?

Understanding transaction tracing, chain analysis, and what it means for your privacy.

What Are PayNyms?

How PayNyms work for private, reusable Bitcoin payment addresses.

Blacklisting Your Bitcoin

How tainted coins work, why it matters, and how to protect yourself.

Strategy

Bitcoin Investment Strategy

How to accumulate Bitcoin systematically, manage risk, and think long-term.

Accumulation & Planning

DCA Strategy

Dollar-cost averaging: the simplest, most proven strategy for long-term Bitcoin accumulation.

Essential

Avoid Double Taxation on BTC

Canadian tax considerations for buying, selling, and holding Bitcoin.

Rehypothecation of Bitcoin

How lending platforms re-lend your Bitcoin — and why it's dangerous.

Sats vs Fiat

Visualize what's really happening to your purchasing power in fiat vs satoshis.

Eyes Open

Risks, Failures & Warnings

Bitcoin is powerful — but it's not without risks. Understanding them makes you stronger, not weaker.

Honest Bitcoin education means covering the failures and dangers alongside the promise. Exchanges have lost billions in customer funds. Governments have attempted bans. Bad actors have used Bitcoin for fraud. Understanding these realities is essential — not optional.

Things That Can Go Wrong

How Bitcoin Fails

Honest analysis of the scenarios where Bitcoin could fail or lose value.

Exchanges That Lost Client Coins

Mt. Gox, QuadrigaCX, FTX, and more — a history of custodial failures.

Orange Washing

Companies and influencers who use Bitcoin's brand for scams and self-promotion.

Bitcoin Bans

Which countries have banned or restricted Bitcoin — and how effective those bans actually are.

Bitcoin Is Dead!

Every time mainstream media declared Bitcoin dead — and every time it came back.

Resources

Presentations & Learning

TALK Presentation (PDF)

Ted's Bitcoin presentation — October 2025. Slide deck for download.

PDF Download

My First Bitcoin

A global education initiative teaching Bitcoin literacy — scan, learn, and start your journey.

Get Started

Recommended Platforms

These are platforms I personally use. Referral links give you a bonus and help support this site.

Maple Bitcoin School

A Canadian Bitcoin education community on Skool. This is for learning — not buying Bitcoin. Start here if you're new.

Sign Up — Free Trial

Click the link to open the signup page.
Create your account with email and a secure password.
Confirm that "Ted Lee invited you" appears on the signup field.
Complete registration for your free trial period.

If the referral doesn't appear, use: skool.com/maplebitcoin/about?ref=fe87c0c46c0e412aa2a6397f5e3c2d5a

Bull Bitcoin

A Canadian non-custodial Bitcoin exchange. Buy Bitcoin and have it sent directly to your own wallet — they never hold your coins. Available in Canada, Europe, Mexico, Costa Rica, Argentina, and Colombia.

Sign Up with Referral

Click the link to open the signup page.
Create your account with email and a secure password.
Confirm that referral code btc_vancouver appears on the signup field.
Complete registration for your bonus.

Bitcoin Well

Buy and sell Bitcoin in Canada and the U.S. Simple interface, recurring buys available, non-custodial option. Works for both countries.

Sign Up with Referral

Click the link to open the signup page.
Create your account with email and a secure password.
Check the box that you have a referral code and enter: ve7lee
Complete registration for your bonus.

Bonus: Earn sats as your friends buy/sell. Give 500, get 500 Bitcoin Well Points per referral.

New to Bitcoin and want to start from absolute zero?

Visit myfirstbitcoin.io — a global education initiative teaching Bitcoin literacy to everyone.