btc.tedlee.ca

Bitcoin Education
for Seniors

Independent Bitcoin education for Canadians who value freedom, security, and financial literacy.

"If you don't believe me or don't get it, I don't have time to try to convince you, sorry." — Satoshi Nakamoto, creator of Bitcoin (2010)

Please Read This First

Important Disclaimer

⛔ This Website Is for Education Only

Everything on this website — and on BTC.TedLee.ca — is for educational and entertainment purposes only.

  • It is NOT financial advice.
  • It is NOT tax advice.
  • It is NOT legal advice.
  • Do your own research. Verify everything independently.
  • Consult a licensed financial professional before making any financial decisions.

Never invest money you cannot afford to lose entirely.

💡 About Referral Links on This Page

Some links on this page are referral links. If you sign up through one, Ted Lee may receive a small reward (such as points or fee credits). This does not affect the price you pay, and it does not mean you should buy Bitcoin.

All referral relationships are clearly disclosed. This site does not sell advertising or your personal data.

Free Resources

📄 Download Free Learning Materials

Bitcoin Education for Seniors — PDF Presentation

Download Ted's slide presentation, designed especially for seniors. Easy to read on a tablet, phone, or computer. You can also print it out. Free to download and share.

📄 Download the PDF Presentation

Opens in a new tab. No signup required.

Bitcoin for Seniors — Web Page

A dedicated page on this site written specifically for seniors who are new to Bitcoin. Large text, plain language, no jargon.

🧓 Open the Bitcoin for Seniors Page

Opens in a new tab.

3rd Age Presentation — October 2025 (PDF)

Ted's full Bitcoin presentation delivered to a seniors group in October 2025. Slide deck available for download.

📄 Download October 2025 Presentation

The Basics

What Is Bitcoin?

Bitcoin is a decentralized digital currency that enables secure, peer-to-peer transactions — without banks, governments, or any middleman. 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 or inflate it.

🔒
Fixed Supply

21 million — forever. No inflation possible.

🌐
Decentralized

No single point of failure or control.

🔑
Self-Custody

Your keys, your coins. No permission needed.

⏱
Track Record

Running since January 2009. 99.99% uptime.

⚠ Bitcoin Is Highly Volatile and Risky

Bitcoin's price can drop 50% or more in a very short period. It has also recovered strongly after big crashes — but there are no guarantees. Bitcoin has also been declared "dead" by the media over 475 times. See the full list at bitcoindeaths.com.

Never put in money you cannot afford to lose completely.

Section 1 of 4

Learn the Fundamentals

Each link below opens a dedicated page on BTC.TedLee.ca with a plain-language explanation of that topic.

💵
What Is Money?
Understanding money before understanding Bitcoin.
 🏦
What Is Fiat Currency?
Government-issued money and why it loses value over time.
 📜
History of Bitcoin
From Satoshi's 2008 whitepaper to a trillion-dollar network.
 🔗
Blockchain Explained
How the distributed ledger works and why it's secure.
 🌐
Bitcoin Ecosystem
Wallets, nodes, miners, exchanges, Lightning Network.
 📡
Bitcoin & the OSI Model
How Bitcoin maps to the seven layers of internet networking.
 📊
Gold vs BTC vs S&P 500
Performance comparison across major stores of value.
 ⚖️
Gresham's Law
Why bad money drives out good — and what it means for Bitcoin.
 ❓
Why Bitcoin?
The case for Bitcoin as a long-term savings technology.
 🌍
Bitcoin Is Hope
How Bitcoin can help those who need it most.

Section 2 of 4

Security & Privacy

🔑 The Most Important Rule in Bitcoin

Not your keys, not your coins. If your Bitcoin sits on an exchange, you don't truly 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.
 🌱
12 vs 24 Seed Words
Security trade-offs between 12-word and 24-word recovery phrases.
 🎲
Fake BIP39 Word Generator
Generate test seed words — for practice and education only.
 🎲
Dice Rolls
Generating true randomness with physical dice for seed words.

Privacy & Audit Trails

🕵️
Break the Audit Trail?
Transaction tracing, chain analysis, and your privacy.
 🪪
What Are PayNyms?
Private, reusable Bitcoin payment addresses explained.
 ⛔
Blacklisting Your Bitcoin
How tainted coins work and how to protect yourself.

Section 3 of 4

Bitcoin Strategy

How to accumulate Bitcoin systematically, manage risk, and think long-term — if you have decided to proceed after your own research.

📅
DCA Strategy
Dollar-cost averaging: the simplest, most proven approach for long-term accumulation.
 🍁
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.

Section 4 of 4 — Very Important

⚠ Risks, Failures & Warnings

Read This Before You Buy Anything

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.

📉
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.
 🚫
Bitcoin Bans
Which countries have banned Bitcoin — and how effective those bans are.
 💀
Bitcoin Is Dead! (475+ Times)
Every time the media declared Bitcoin dead — and every time it came back.

External Resources

More Learning Resources

My First Bitcoin

My First Bitcoin is a global, non-profit education initiative teaching Bitcoin literacy to everyone. Their materials are free, available in many languages, and written for complete beginners. They have no financial interest in whether you buy Bitcoin.

Visit myfirstbitcoin.io →

Crypto Fear & Greed Index

A live market-sentiment tool that shows whether the Bitcoin market is currently driven by fear or greed. Useful context — not a recommendation to buy or sell.

View the Fear & Greed Index →

Privacy Tool Recommendation

For secure browsing and censorship-resistant access, Ted recommends Obscura VPN — no KYC (no identity verification required) and accepts payment in Bitcoin Lightning.

Visit Obscura VPN →

Referral Links — Fully Disclosed

Recommended Platforms

📢 Referral Link Disclosure

These are platforms Ted personally uses. If you sign up through a referral link, Ted may receive a small reward. This does not affect your cost and does not mean you should buy Bitcoin. Only proceed if you have done your own research and made your own decision.

🍁 Maple Bitcoin School (Skool)

A Canadian Bitcoin education community on the Skool platform. This is for learning — not for buying Bitcoin. Start here if you are new. A free trial period may be available.

Sign Up — Free Trial →

Step-by-step instructions:

  1. Click the green "Sign Up" button above. A new window will open.
  2. Enter your email address and choose a strong password.
  3. Confirm that "Ted Lee invited you" appears on the signup form.
  4. Complete registration to qualify for the free trial period.

If the referral does not appear automatically, copy and paste this link into your browser:

https://www.skool.com/maplebitcoin/about?ref=fe87c0c46c0e412aa2a6397f5e3c2d5a

🇨🇦 Bull Bitcoin

A Canadian non-custodial Bitcoin-only exchange. When you buy, Bitcoin is sent directly to your own wallet — Bull Bitcoin never holds your coins. Available in Canada, Europe, Mexico, Costa Rica, Argentina, and Colombia.

Referral code: btc_vancouver

Sign Up with Referral →

Step-by-step instructions:

  1. Click the green "Sign Up" button above. A new window will open.
  2. Enter your email address and choose a strong password.
  3. Confirm that referral code btc_vancouver appears on the form.
  4. Complete registration and identity verification (required by Canadian law).

If the code does not appear, copy and paste this full link into your browser:

https://app.bullbitcoin.com/registration/btc_vancouver

🇨🇦🇺🇸 Bitcoin Well

Buy and sell Bitcoin in Canada and the United States. Simple interface, recurring buys available, non-custodial option. Bonus: earn sats when friends buy or sell — 500 Bitcoin Well Points per referral.

Referral code: ve7lee

Sign Up with Referral →

Step-by-step instructions:

  1. Click the green "Sign Up" button above. A new window will open.
  2. Enter your email address and choose a strong password.
  3. Check the box confirming you have a referral code, then enter ve7lee.
  4. Complete registration and identity verification.

If the code does not appear, copy and paste this full link into your browser:

https://bitcoinwell.com/referral/ve7lee

🆕 Completely New to Bitcoin?

Visit myfirstbitcoin.io — a global education initiative teaching Bitcoin literacy to everyone, starting from absolute zero. Free, no signup required.

Final Reminder

Not Financial Advice — One More Time

⛔ Please Remember

  • This website is for educational and entertainment purposes only.
  • It is not financial advice, tax advice, or legal advice.
  • Do your own research. Verify everything you read here independently.
  • Bitcoin is highly volatile. Its price can and does fall dramatically.
  • Exchanges can and do fail, taking client funds with them.
  • Only proceed after consulting a licensed financial or tax professional.
  • Never invest money you cannot afford to lose completely.

✅ Affiliation Disclosure

Ted Lee is not an employee, contractor, or shareholder of Bull Bitcoin, Bitcoin Well, Maple Bitcoin School, My First Bitcoin, or Obscura VPN. All referral relationships on this page are fully disclosed. This site carries no paid advertising and does not sell your personal data.

Transparency

Sources & References

All content on this page comes from the following sources. All external links open in a new tab.