Bitcoin
The Most Comprehensive Handbook Ever on Bitcoin, Blockchain Technology, Cryptocurrency, Mining, Investing and Smart Contracts
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Narrated by:
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Kevin McAlister
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By:
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George Doros
About this listen
Bitcoin can better be interpreted as a distributed software that uses a currency safe from unpredictable inflation without relying on trusted third parties to pass value. In other words, Bitcoin automates a modern central bank's functions and makes them transparent and practically unchangeable by programming them into decentralized code among thousands of network users, none of whom can change the code without the consent of the rest. It makes Bitcoin the first demonstrably accurate example of digital cash and digital hard currency in service. While Bitcoin is a modern development of the digital era, the problems that it purports to solve — namely having a form of money that is under its owner's full command and likely to retain its value in the long run— are as old as human society. The book provides a conception of these issues based on years of researching the technology and the economic challenges it addresses, and how communities have historically found solutions across history for themselves. My argument can shock those who mark Bitcoin a speculators and promoters’ fraud or ruse to make a fast buck. In fact, Bitcoin is improving on earlier "value store" solutions, and the suitability of Bitcoin as the sound money of a digital age may surprise naysayers.
History can foreshadow what's to come, particularly when closely examined. And time will tell how sound this book is about the subject (I can assure you that the secrets and details in this book are second to none). The first part of the book describes money, its purpose and its property, as it must. As an economist with an engineering background, I have always tried to understand a technology in terms of the problems it aims to solve, allowing its practical nature to be defined and its isolation from incidental, decorative, and insignificant characteristics. Through understanding the problems that money is attempting to solve, it is possible to elucidate what makes sound and unsound money and apply that philosophical structure to understand how and why different goods, such as seashells, beads, metals and government money, have served the role of money and how and why they might have failed or served the purposes of society to store value and trade.
Some parts of this book explores over the course of history the human, social, and global consequences of sound and unsound money types. Sound money lets people think long-term, save and invest more for the future. The secret to capital accumulation and the development of human society is saving and spending for the long term. Money is an economy's knowledge and measurement method, and sound money makes it possible for trade, investment, and entrepreneurship to continue on a solid basis, whereas unsound money is undermining these processes. Sound money is also an integral element of a free society, as it offers an important bulwark against despotic law.
The latter of the book discusses the Bitcoin network's operation and its most outstanding economic characteristics, and analyzes Bitcoin's potential applications as a form of sound money, explaining certain use cases that Bitcoin does not fit well, while addressing some of the most common misunderstandings and misconceptions surrounding it.
The book is written to help the reader understand Bitcoin's economics and how it acts as the digital version of the other innovations used to accomplish money functions throughout history. This book is not an ad or invitation to buy into the currency of bitcoin. Far be it. Bitcoin's value is likely to remain volatile, at least for a while; the Bitcoin network may still succeed or fail, for whatever uncertain or unforeseeable reasons; and using it requires technological expertise and carries risks that render it unsuitable for many. Enjoy!
©2020 George Doros (P)2020 George DorosListeners also enjoyed...
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Story
In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics.
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don't be misled
- By peter on 04-01-12
By: James Rickards
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Red Flags
- Why Xi's China Is in Jeopardy
- By: George Magnus
- Narrated by: Derek Perkins
- Length: 9 hrs and 59 mins
- Unabridged
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Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. George Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home and the political challenges it faces abroad pose a serious threat to its continued rise.
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A pessimistic vision with western liberal bias
- By Jeronimo L. Jimenez on 10-23-20
By: George Magnus
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Economics for the Common Good
- By: Jean Tirole, Steven Rendell - translator
- Narrated by: Jonathan Davis
- Length: 18 hrs and 54 mins
- Unabridged
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When Jean Tirole won the 2014 Nobel Prize in Economics, he suddenly found himself being stopped in the street by complete strangers and asked to comment on issues of the day, no matter how distant from his own areas of research. His transformation from academic economist to public intellectual prompted him to reflect further on the role economists and their discipline play in society. The result is Economics for the Common Good, a passionate manifesto for a world in which economics, far from being a "dismal science," is a positive force for the common good.
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A Great Overview of the Challenges of Modern Econ
- By Zach Sullivan on 08-06-18
By: Jean Tirole, and others
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Postcapitalism
- A Guide to Our Future
- By: Paul Mason
- Narrated by: Gildart Jackson
- Length: 13 hrs and 42 mins
- Unabridged
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Over the past two centuries or so, capitalism has undergone profound changes - economic cycles that veer from boom to bust - from which it has always emerged transformed and strengthened. Surveying this turbulent history, Paul Mason's Postcapitalism argues that we are on the brink of a change so big and so profound that this time capitalism itself, the immensely complex system within which entire societies function, will mutate into something wholly new.
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some good ideas...
- By "ge-ko" on 06-19-16
By: Paul Mason
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Dead Aid
- Why Aid Is Not Working and How There Is a Better Way for Africa
- By: Dambisa Moyo, Niall Ferguson - foreword
- Narrated by: Mike Chamberlain
- Length: 6 hrs and 29 mins
- Unabridged
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A national best-seller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined - and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing the development of the world's poorest countries.
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Dangerous / Right Wing US view
- By David O'Donovan on 03-05-19
By: Dambisa Moyo, and others
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Other People's Money
- The Real Business of Finance
- By: John Kay
- Narrated by: Walter Dixon
- Length: 11 hrs and 54 mins
- Unabridged
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The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions.
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Listened twice. Everyone must read this.
- By Tristan on 01-18-16
By: John Kay
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The Instant Economist
- Everything You Need to Know About How the Economy Works
- By: Timothy Taylor
- Narrated by: Don Hagen
- Length: 9 hrs and 35 mins
- Unabridged
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Economics isn't just about numbers: It's about politics, psychology, history, and so much more. We are all economists - when we work, save for the future, invest, pay taxes, and buy our groceries. Yet many of us feel lost when the subject arises. Award-winning professor Timothy Taylor here tackles all the key questions and hot topics of both microeconomics and macroeconomics, so you can understand and discuss economics on a personal, national, and global level.
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Timothy Taylor is the best
- By Jake on 02-15-15
By: Timothy Taylor
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
What listeners say about Bitcoin
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Phillip R. Maez
- 09-23-20
Very Informative
Absolutely enjoyed listening this book and the insights it has given me into the new up and coming Blockchains and Cryptocurrencies. It’s also allowed me to make better and informed decisions about cryptocurrency. Have recommended it to family and friends.
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- Guy J. Villareal
- 09-23-20
Excellent into!
Excellent introduction to blockchain technology fir those who need more than an overview. It provides proper context before I delve into the technical aspects in the future.
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- Harry C. Carr
- 09-23-20
This book was a great high level introduction
This book was a great high level introduction to Blockchain, but contained enough detail to provide a fairly deep understanding of this technology. The book is short enough to get through easily, and contains excellent details, explanations, and examples. I used this to provide a summary to my team of data analysts at the Fortune 10 company I work at. I highly recommend this book!
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- Kyle C. Bell
- 09-23-20
Good introduction & basics
This is not a deep dive, but it is a great introduction to Bitcoin, Blockchain, Ephereum etc. If you know little to nothing, this will give you a simple but important understanding. Attempts were made to explain hashing which, considering the very high level of the rest of the content, is likely to be more confusing to people than useful,
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- Christina R. Hickman
- 09-23-20
Easy to understand
This book not only provided me with the basic understanding of crypto currency and blockchain, but more importantly it provided me with in depth information to sustain an intelligent conversation about the topic. Great info, highly recommend it to novices and intermediates on the topics of crypto currency and blockchain.
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- Jessica C. Leary
- 09-23-20
An introduction to a complex subject
Everyone has heard of blockchain but few people know what it is. When you listen this book, you will know enough to have an idea of what blockchains are, what they can be used for, and what 'mining' is. I would recommend it to anyone who wants to know about the subject, as blockchains are going to be in just about everything in the very near future.
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- Jorge M. Rice
- 09-23-20
Quick, concise, highly informative
A great little listen for anyone wanting to better understand the relatively new technology. I've done some of my own research online, but wanted to jumping into something more technical and detailed and I'm so glad I found this book.
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