Bitcoin: The Rise of New Money
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Narrated by:
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Alex Morrison
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By:
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James Hamilton
About this listen
You're about to discover how Bitcoin is changing the face of money as we know it. Millions of people are now starting to wake up to the potential and power of Bitcoins. As Bitcoin relentlessly marches into the mainstream, this book looks at the journey it has taken from the depths of the dark web to Wall Street Trading.
In this short book we will go through a step-by-step analysis that will allow you to better understand the meaning of Bitcoin and where it is heading.
Bitcoin exists as a digital cryptocurrency designed to resolve the disharmony between the way money moves online and the global nature of the Internet. The Internet as an infrastructure has already partially eliminated key barriers to consumption, including both geography and time. However, the processes by which transactions are paid for online inevitably requires the presence of a trusted third party (MasterCard, Visa, and PayPal). This stems from the fact that traditional currencies do not exist online, only the promise of payment by the buyer to the seller. As a result, the need for a mutually trusted third party emerges, which frequently takes the form of banks which utilize credit/debit cards.
The Bitcoin system removes the need for a trusted third party, as it presents a virtual payment system that is based on proof as oppose to trust. However, Bitcoin, and other crypto-currencies for that matter, as a concept it tells us something very interesting about the nature of money, as it clearly reveals that money exists as a mutually shared illusion.
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Story
Something is wrong with our banking system. We all sense that, but Mervyn King knows it firsthand; his 10 years at the helm of the Bank of England, including at the height of the financial crisis, revealed profound truths about the mechanisms of our capitalist society. In The End of Alchemy, he offers us an essential work about the history and future of money and banking, the keys to modern finance.
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Two books in one, both very fine
- By Philo on 07-13-16
By: Mervyn King
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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.
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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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Adam Smith
- Father of Economics
- By: Jesse Norman
- Narrated by: Jesse Norman
- Length: 13 hrs and 40 mins
- Unabridged
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A dazzlingly original account of the life and thought of Adam Smith, the greatest economist of all time. In Adam Smith, political philosopher Jesse Norman dispels the myths and caricatures, and provides a far more complex portrait of the man. Offering a highly engaging account of Smith's life and times, Norman explores his work as a whole and traces his influence over two centuries to the present day. Finally, he shows how a proper understanding of Smith can help us address the problems of modern capitalism.
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Most excellent book!
- By Harish G. Naik on 03-02-19
By: Jesse Norman