Bitcoin
A Beginner's Guide
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Narrated by:
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Benjamin Hart
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By:
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Benjamin Hart
About this listen
Bitcoin is your off-ramp from the corrupt political system and protection from financial collapse. This book by best-selling author Benjamin Hart explains how Bitcoin works, why it's secure, and why Bitcoin makes sense for a portion of a well-diversified portfolio.
Bitcoin was created by a pseudonymous computer scientist named Satoshi Nakamoto as a way to send money securely over the internet. We still don't know who Satoshi Nakamoto is or was. He might have been one person or a group of software engineers and cryptographers who had been working together and sharing information on this project for decades. Not knowing who invented Bitcoin remains one of the world's most intriguing mysteries.
The first use of Bitcoin to purchase a commercial product occurred on May 22, 2010. A computer programmer named Laszlo Hanyecz bought two Papa John's pizzas for 10,000 bitcoins. On that day, the value of one bitcoin was about one-third of one penny. Today, it will cost you more than $20,000 to buy a single bitcoin. You can also buy a small fraction of a bitcoin.
Bitcoin's two most important properties are:
- There will never be more than 21 million bitcoins.
- What makes Bitcoin different from all other cryptocurrencies is that it's the most decentralized.
"Decentralized" means no one owns or controls Bitcoin. There is no agent between you and who you are transacting with, no intermediary, no central authority—no bank, no credit card company, no government agency.
All transactions are directly peer-to-peer. No bank, no government agency can freeze your Bitcoin account or seize your money. Bitcoin is governed by math and algorithmic protocols, not by people. So Bitcoin can never fall victim to political corruption.
The big problem Bitcoin solves is debasement of the money. In 1971, when the U.S. dollar left the gold standard, one ounce of gold cost $35. Today, one ounce of gold costs $1,700. This means the dollar has lost 98 percent of its value since 1971 because of all the money printing by the U.S. Federal Reserve.
Bitcoin is your off-ramp from corrupt fiat money printing by government. If all hell breaks loose, and we have political and economic system collapse, Bitcoin allows you to carry your life savings with you on your phone, or in your head if you can remember a code, so you can quickly move to where civilization might still exist.
Contents:
- What is Bitcoin?
- The Big Problem Bitcoin Solves
- How Bitcoin Began
- What is Money?
- The Mechanics of Bitcoin
- How Bitcoin Fixes Corrupt Fiat Money Printing
- Is Bitcoin a Good Investment?
- Is Bitcoin Secure?
- Does Bitcoin Make Criminal Activity Easier?
- What Makes Bitcoin Valuable?
- Why Does Bitcoin Have to Be Mined?
- Is Bitcoin Too Difficult to Change?
- What About Ethereum and Other Crypto Assets?
- The Strange Case of Do Kwon
- Bitcoin's Structure Is What Makes It Work
- Won't Better Technology Replace Bitcoin?
- How the 19th-Century Austrian School of Economics Provides the Framework for Bitcoin
- Why Much of the World Wants to Get Out from Under the U.S. Dollar
- But Aren't Rogue Regimes Using Bitcoin to Escape U.S. Sanctions?
- Bitcoin is Your Defense Against Big Tech's Emerging Push-Button Totalitarianism
- Bitcoin is an Extension of the American Idea
- How to Start Using Bitcoin
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Story
Consider the $20 bill. It has no more value, as a simple slip of paper, than Monopoly money. Yet even children recognize that tearing one into small pieces is an act of inconceivable stupidity. What makes a $20 bill actually worth $20? In the third volume of his best-selling Naked series, Charles Wheelan uses this seemingly simple question to open the door to the surprisingly colorful world of money and banking.
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This is a beautiful audiobook, and well-narrated.
- By Thirsty Mind on 11-10-18
By: Charles Wheelan
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I Will Teach You to Be Rich
- No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition)
- By: Ramit Sethi
- Narrated by: Ramit Sethi
- Length: 12 hrs and 8 mins
- Unabridged
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Buy as many lattes as you want. Spend extravagantly on the things you love. Live your rich life instead of tracking every last expense with Ramit Sethi’s simple, powerful, and effective six-week program for gaining control over your finances. This isn’t typical advice from a money expert. In this completely updated second edition, Ramit teaches you how to choose long-term investments and the right bank accounts. With his characteristic no-BS perspective, he shows how to squeeze every hidden benefit out of your credit cards.
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Repetitive - should be retitled.
- By Truth on 06-20-19
By: Ramit Sethi
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12 Months to $1 Million
- How to Pick a Winning Product, Build a Real Business, and Become a Seven-Figure Entrepreneur
- By: Ryan Daniel Moran
- Narrated by: Ryan Daniel Moran
- Length: 7 hrs and 38 mins
- Unabridged
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By cutting out the noise and providing a clear and proven plan, this road map helps even brand-new entrepreneurs make decisions quickly, get their product up for sale, and launch it to a crowd that is ready and waiting to buy. This one-year plan will guide you through the three stages to your first $1 million: the Grind (months 0-4), the Growth (months 5-8), and the Gold (months 9-12). If your goal is to be a full-time entrepreneur, get ready for one chaotic, stressful, and rewarding year. If you have the guts to complete it, you will be the proud owner of a million-dollar business.
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Good, but a Little Misleading
- By Chris Love on 11-28-20
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The Simple Path to Wealth
- Your Road Map to Financial Independence and a Rich, Free Life
- By: JL Collins
- Narrated by: JL Collins, Peter Adeney
- Length: 6 hrs and 38 mins
- Unabridged
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This book grew out of a series of letters to my daughter concerning various things - mostly about money and investing - she was not yet quite ready to hear. Since money is the single most powerful tool we have for navigating this complex world we've created, understanding it is critical.
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Misleading, heavily biased
- By Cody Peralta on 07-19-19
By: JL Collins
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The Creature from Jekyll Island
- A Second Look at the Federal Reserve
- By: G. Edward Griffin
- Narrated by: Mark Bramhall
- Length: 24 hrs and 21 mins
- Unabridged
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This classic expose of the Fed has become one of the best-selling books in its category of all time. Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story - which it really is, but it's all true.
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Lost confidence in author
- By Amazon Customer on 07-11-20
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How to Day Trade for a Living
- A Beginner's Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology
- By: Andrew Aziz
- Narrated by: Kevin Foley
- Length: 6 hrs and 56 mins
- Unabridged
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Very few careers can offer you the freedom, flexibility, and income that day trading does. As a day trader, you can live and work anywhere in the world. You can decide when to work and when not to work. You only answer to yourself. That is the life of the successful day trader. Many people aspire to it, but very few succeed. In the audiobook, I describe the fundamentals of day trading, explain how day trading is different from other styles of trading and investment, and elaborate on important trading strategies that many traders use every day.
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Its a sales pitch
- By Xavier Foley on 02-08-18
By: Andrew Aziz
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Los secretos de la mente millonaria (Narración en Castellano) [Secrets of the Millionaire Mind]
- Domina el juego de la riqueza [Mastering the Inner Game of Wealth]
- By: T. Harv Eker
- Narrated by: Ivan Villanueva
- Length: 2 hrs and 17 mins
- Unabridged
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El autor estaba en bancarrota, en solo dos años y medio se convirtió en millonario y construyó una de las más grandes firmas de consultoría para el éxito. Con sus enseñanzas ha tocado la vida de millones de personas. Este audiolibro te enseña a observar como piensas. Es un reto a tus ideas que te limitan, a los razonamientos que no te apoyan y a tus acciones con respecto al dinero.
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El libro está bien, pero ES VERSION RESUMIDA
- By alexnvlp on 08-24-23
By: T. Harv Eker
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Plan Your Year Like a Millionaire
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 2 hrs
- Original Recording
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Plan Like a Millionaire is part of a riveting three-part series, and it's all about elevating your game and setting goals like a seven-figure earner. In this wealth-inspiring listening journey, Rachel reveals the secrets of how to set goals, manage time wisely, build essential support systems, break free from financial constraints, and make savvy money decisions.
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Feel Good Book, only
- By Maggie on 01-06-24
By: Rachel Rodgers
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The Little Book of Common Sense Investing
- The Only Way to Guarantee Your Fair Share of Stock Market Returns, 10th Anniversary Edition
- By: John C. Bogle
- Narrated by: L. J. Ganser
- Length: 5 hrs and 50 mins
- Unabridged
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The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.
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One star for every point this 5 hour book makes.
- By Matt on 01-31-19
By: John C. Bogle
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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
- By: MJ DeMarco
- Narrated by: MJ DeMarco
- Length: 12 hrs and 46 mins
- Unabridged
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Since you were old enough to hold a job, you've been hoodwinked to believe that wealth can be created by blindly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. I call this soul-sucking, dream-stealing dogma "The Slowlane" - an impotent financial gamble that dubiously promises wealth in a wheelchair. For those who don't want a lifetime subscription to "settle-for-less", there is an alternative.
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Excellent!
- By Iray007 on 09-22-15
By: MJ DeMarco
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The 1-Page Marketing Plan
- Get New Customers, Make More Money, And Stand Out From The Crowd
- By: Allan Dib
- Narrated by: Joel Richards
- Length: 6 hrs and 31 mins
- Unabridged
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To build a successful business, you need to stop doing random acts of marketing and start following a reliable plan for rapid business growth. Traditionally, creating a marketing plan has been a difficult and time-consuming process, which is why it often doesn’t get done.
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You Need to buy Book to get key info
- By Rosie's mom on 10-23-18
By: Allan Dib
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Six-Figure Side Hustle
- By: Rachel Rodgers
- Narrated by: Rachel Rodgers
- Length: 3 hrs and 42 mins
- Original Recording
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Rachel Rodgers, financial maven and heralded author of We Should All Be Millionaires, has created a groundbreaking new Audible Original series with Six Figure Side Hustle. In this installment of a dynamic three-part audio journey, Rachel unveils the blueprint for turning spare time into a $100,000-per-year side hustle in just three months.
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Not For YOU!
- By S. Seigel on 03-02-24
By: Rachel Rodgers
What listeners say about Bitcoin
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Dizzle
- 03-14-24
Protect your earnings with Bitcoin
A deep dive into the past, today, and future of Bitcoin. A must for those looking to avoid government corruption and confiscation of your money.
You must learn about the currency of the future!
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- Jonah
- 02-08-24
Very glad I listened to Hart’s book
Ben Hart’s Beginner’s Guide to Bitcoin seems to cover every question people such as myself have who wondered what all the fuss over Bitcoin’s about. Hart covers various ways to obtain, store, and use Bitcoin, making it a practical guide for those looking to get started with cryptocurrency. While being very “pro” Bitcoin, Hart gives a view of risks and benefits associated with investing in Bitcoin. Excellent book!
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