Illustrated Guides

Bitcoin Guides, Drawn Out Step by Step

Video-quality explanations in text form: every step pairs an original still with a sentence you can actually learn from — and each step links back to the exact minute of the source video.

Whitepaper • Halvings • Exchange collapses • More coming

What makes these guides different?

Most crypto explainers are either videos you can't skim or articles without pictures. Each guide here is a timeline of annotated stills: read the step, see the concept, and deep-link to the exact second of the source video when you want the full narration. Every image is described in full so it stands on its own in image search.

All Guides

Start anywhere — each guide stands alone, and they cross-link where the stories meet.

Founding document18 min read24 illustrated steps

The Bitcoin Whitepaper, Explained in Pictures

All twelve sections of Satoshi's 2008 paper — electronic coins, proof of work, Merkle trees and the attack math — with 24 illustrated steps.

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Event timeline9 min read19 illustrated steps

Mt. Gox Collapse: The Complete Timeline

From a card-trading website to 70% of all Bitcoin trades, 850,000 missing BTC, bankruptcy and the decade-long repayment saga — in 19 steps.

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Monetary policy7 min read11 illustrated steps

Bitcoin Halving History, Frame by Frame

The full reward schedule from 50 BTC to 3.125 BTC, the monetary reasoning behind the halvings, and the difficulty clock that keeps them honest — in 11 steps.

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Ethereum history9 min read16 illustrated steps

The DAO Hack, Frame by Frame

The 2016 reentrancy heist that drained 3.6M ETH, forced Ethereum's hard fork and left Ethereum Classic behind — in 16 illustrated steps.

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Market mania9 min read16 illustrated steps

BitConnect: Anatomy of a Ponzi

1% daily returns, celebrity hype and a $2.4B implosion — every act of crypto's biggest scam, illustrated.

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Hardware evolution8 min read16 illustrated steps

Bitcoin Mining History, Machine by Machine

A museum tour from phone-mining experiments to 200 TH/s ASIC giants — 16 machines that tell the whole arms race.

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Consensus handover9 min read16 illustrated steps

The Merge, Frame by Frame

The day Ethereum stopped mining: validators, GHOST votes, BLS aggregation and Casper finality — proof of stake in 16 illustrated steps.

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Scam anthology10 min read16 illustrated steps

The Biggest Crypto Scams, Case by Case

OneCoin's hand-typed price chart, BitConnect's 1% a day, FTX's vanished $8B — ten scams, one playbook, 16 illustrated steps.

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Exchange mystery9 min read15 illustrated steps

QuadrigaCX: The Crypto King Mystery

The founder who died with the passwords, cold wallets emptied eight months earlier and 13 cents on the dollar — Canada's biggest exchange saga in 15 steps.

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Exchange crime story10 min read16 illustrated steps

What Happened to BTC-e?

The exchange that was the crime: how a no-questions platform washed Mt. Gox coins, met FinCEN and the FBI, and ended in a spy-swap — 16 steps.

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Heist & recovery12 min read16 illustrated steps

Bitfinex Hack 2016

119,756 BTC gone in hours, every account haircut 36%, BFX tokens redeemed in full — and six years of on-chain sleuthing ending in the DOJ's biggest seizure (16 steps).

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Bridge security11 min read16 illustrated steps

Ronin Bridge Hack

A fake job offer, five of nine validator keys and six silent days: how the Axie Infinity bridge lost $620M and changed bridge design forever (16 steps).

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Market history11 min read15 illustrated steps

Crypto Winter 2018

The year Bitcoin fell 84%: the GBTC premium at the top, the ICO unwind, the SEC squeeze, the hash war — and the builders who stayed through the bottom (15 steps).

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Bridge security10 min read15 illustrated steps

The Wormhole Bridge Hack

A forged guardian signature, 120,000 wETH minted from a 0.1 ETH deposit and a $325M hole Jump Trading filled from its own pocket — rebuilt bug-for-bug in Foundry (15 steps).

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State adoption10 min read16 illustrated steps

El Salvador Bitcoin Law

The world's first bitcoin country: the Miami announcement, the 62-84 vote, Chivo's chaotic September 7 and the IMF-driven rewrite four years later — in 16 steps.

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Exchange history12 min read0 illustrated steps

Failed Crypto Exchanges: The Complete History

A case-by-case history of exchanges that closed, went bankrupt, or lost customer funds — with the difference between failure and a hack made explicit.

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Bitcoin history9 min read16 illustrated steps

The 2010 Value Overflow Incident

The day a bug printed 184 billion fake bitcoin and Satoshi patched it in five hours — Bitcoin's only chain rollback, told through the original forum posts (16 steps).

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On-chain culture9 min read14 illustrated steps

SatoshiDice: The On-Chain Casino

The 2012 dice game that ran half of Bitcoin's transactions, sparked the first spam war, sold for 126,315 BTC and met the SEC — in archived screens (14 steps).

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CBDC watch10 min read16 illustrated steps

Why Did Nigeria's eNaira Fail?

A presidential launch in 2021, 98.5% of wallets unused a year later, and a cash crisis that couldn't save it — the full CBDC postmortem (16 steps).

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Stablecoins9 min read15 illustrated steps

USDC Depeg 2023: The SVB Weekend

How the SVB collapse knocked the dollar coin from $1 to $0.87: Circle's $3.3 billion, a weekend of panic and the Monday backstop (15 steps).

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