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Informing people about Bitcoin (BTC), altcoins and the whole crypto ecosystem (DeFi, NFT, mining…) is our mission. So it’s logical that we spoke with David St-Onge, a Bitcoin enthusiast who released last June .

In less than 150 pages, the young Quebec author manages to meet the challenge of clearly explaining what the first of the crypto-currencies is. In addition to presenting Bitcoin, its fundamentals as a solid currency and an overview of the various uses of BTC, the author offers keys to understanding to make this very complex digital object, at the crossroads of computer science, economics and human values, understandable by the most novice.

It was in 2018 that David St-Onge began his research on Bitcoin and started compulsively swallowing everything that was then available on the subject. “I was then teaching a course at Collège de Maisonneuve in Montreal on Bitcoin, so I naturally structured all the information I was gathering to make my course. The idea of making a book out of all this information was born at that time,” explains the author, who did a lot of work compiling the best books available in English and in the language of Émile Nelligan.

In collaboration with his editor, who had the good idea to elaborate a chaptering as clear as exhaustive, the BTC lover devoted four months to the writing of this introductory book that will find its place in the library of anyone interested in money, that is to say pretty much everyone. “I really wanted to cover the whole spectrum of questions that can be asked about Bitcoin by trying to make a book that addresses issues that concern everyone, such as inflation or the definition of what a currency is,” continues the author.

David St-Onge assumes unambiguously that he belongs to the “maximalist” part of the Bitcoin spectrum while adopting an open-minded position towards everything that happens in the crypto ecosystem. “Obviously I can see that there are areas like decentralized finance (DeFi) that are expanding and that’s fine, projects other than Bitcoin will certainly exist. What bothers me, however, is that more often than not, when you take a closer look at the protocols of some altcoins, you realize that it’s just a token that serves only to make a few rich. What fascinates me about Bitcoin is that it solves a very concrete problem: replacing fiat currencies with a currency that cannot be devalued under any circumstances. But when you analyze the entire history of humanity, you realize that people have always turned to the hardest currencies.

For David St-Onge, one of the many issues that Bitcoin will have to face is the vagueness that exists around its regulation.

“It’s going to have to be a lot clearer, especially in terms of taxation, the issue of taxes. Not only is it not clear, but things are different from one jurisdiction to another. It will be necessary to find the right balance in terms of regulatory frameworks. France, for example, is perhaps a little too strict when it comes to the crypto ecosystem and many companies in this sector are notably blocked and unable to open a bank account, but conversely, we can deplore a certain laxity in Canada that allowed the QuadrigaCX exchange to close overnight leaving users without explanation and without a way to access their funds.”

The choice of dividing the book into three main sections (Bitcoin the Solution, Using Bitcoin, and Bitcoin Today and Tomorrow) is a wise one, and allows readers both informed and uninformed about the subject to choose how they will approach BTC. Energy footprint, Bitcoin as a global reserve currency, anonymity of BTC, inflation, proof of work, use of BTC wallets… the title of the book is not misleading, the reader will find most of the answers to the questions he or she is asking or will logically ask himself or herself after having addressed some basic concepts.

David St-Onge gives a spotlight at the end of his book to three influential Bitcoiners, namely Francis Pouliot (Bull Bitcoin), Thibaud Maréchal (Dux Reserve) and Maciej Cepnik (Veriphi), reminding us that one of Bitcoin’s greatest strengths in addition to its decentralized and incorruptible protocol, is certainly its community and the unwavering commitment of those who contribute day after day to improving the network (notably thanks to overlays such as the Lightning network) and guaranteeing its integrity.