Many times, it's a great read. This actually applies generally to most revolutionary papers, they are easily distinguishable from blah papers due to the fact that they are trying to tell you something, whereas the blah papers are trying to convince you they're telling you something.
I recommend checking out some Einstein papers to see what I mean. You might not get the full meaning if you don't have a physics background, but you'll see that he uses very simple, concise language. Because he wants you to understand his idea! The same is true for Satoshi. My favorite of Einsteins is just 3 pages long. Here's a link for the interested, the title is Is There a Gravitational Effect Which Is Analogous to Electrodynamic Induction. Here is the first couple paragraphs of it:
Notice how he doesn't try to dazzle you with large words.
Compare this to something like the RGB "black" paper (a silly crypto project imo) It doesn't try to tell you something, it tries to tell you that it's telling you something.
You just gave me a great idea. My son does Synthesis (that SpaceX learning platform created for Elon's kids- it's really cool) on Saturday mornings but it crashed today and hasn't come back online. I should print out the white paper and read it with him.
He did. I quizzed him as his proof of work and he did well so I sent him 10k sats. Will send 1k more.
My next mission is to get him his own hardware wallet and show him how to use it. Right now he has a couple lightning wallets on his tablet and I custody sats for him in cold storage but I would like him to start doing some of his own self-custody.
it was fun to read it through again this time around, i appreciated much more how clear satoshi was in his thinking, and it helps to just go back to the "source" sometimes to determine how all these new bips and updates fall in line
I read it when I first got into Bitcoin, but I didn't really grasp the content. I found that books like Inventing Bitcoin and Mastering Bitcoin were more useful to me as a beginner.
Since then I've read the whitepaper a couple more times.
You're totally right that skin in the game is very valuable to learning about Bitcoin. However, what if I did that with an altcoin? Buy some ETH then learn about how fragile it is. I wanted to be responsible and make sure I understood what I was getting into. No shame if your journey didn't work like that though, everyone is different
I felt a bit torn but ultimately had to go with yes. I’ve read it perhaps 3 times however understanding of its content started at 0 and has really hasn’t improved much. The micro improvement is noticeable though. As I read and learn other things about how bitcoin works I like to go re-read it and see if my ability to absorb it has improved or not. I suppose I’m still waiting for my own suddenly then gradually moment.
Page 8 of the white paper explains why 6-confs are generally considered secure. If you redo the math with a single miner owning 33% of hashrate (like foundry does right now), you would need closer to 20 confs to achieve the same security assurances as 6-confs provided back then