Download or read book The Bitcoin Standard written by Saifedean Ammous and published by John Wiley & Sons. This book was released on 2018-03-23 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive and authoritative exploration of Bitcoin and its place in monetary history When a pseudonymous programmer introduced "a new electronic cash system that’s fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few people paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s real competitive edge might just be as a store of value and network for the final settlement of large payments a digital form of gold with a built-in settlement infrastructure. Ammous’ firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders. The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knockoffs, and the many supposed applications of Bitcoin's 'block chain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet’s decentralized, apolitical, free-market alternative to national central banks.

Download or read book The Fiat Standard written by Saifedean Ammous and published by . This book was released on 2021-11-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fiat Standard is an insightful study of the history, function, and impacts of the fiat monetary system on human society, economics, and politics over the past century. What are the possibilities for the rise of bitcoin in this system?

Download or read book Layered Money written by Nik Bhatia and published by . This book was released on 2021-01-18 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a "layered" manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia's analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of "layered money" illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Readers will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.

Download or read book Kings of Crypto written by Jeff John Roberts and published by Harvard Business Press. This book was released on 2020-12-15 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Tech writer Roberts debuts with a page-turning account of the rise of cryptocurrency exchange Coinbase from the Y Combinator startup incubator to becoming a 'pillar of the larger crypto economy.'" — Publisher's Weekly For a moment late in 2018, one bitcoin, which physically amounts to a few electrons blipping on a tiny bit of silicon, was worth $20,000—the same as a pound of gold. Libertarian technologists who believed bitcoin would be the foundation of a new world order saw the moment as an apotheosis. Everyone else saw a bubble. Everyone else was right, and the bubble burst. But bitcoin survived, and the battle for its soul rages on. Kings of Crypto drops us into the unfolding drama, tracing the rise, fall, and rebirth of cryptocurrency through the experiences of major players across the globe. We follow Silicon Valley entrepreneur Brian Armstrong and the turbulent rocket ride of his startup, Coinbase, as he tries to take bitcoin mainstream while fighting off hackers, thieves, and zealots. Author Jeff John Roberts keenly observes the world of virtual currencies and what happens when startups try to disrupt the world of high finance. Clear explanations of crypto technology are woven into an amazing landscape full of meme-fueled startup hijinks, hacking (so much hacking!), shady investors, government investigations, billionaire bros and their Lambos, and closed-door meetings with Jamie Dimon. This is the surprising story of the origins of cryptocurrency and how it is changing money forever.

Download or read book Summary of Saifedean Ammous s The Bitcoin Standard written by Milkyway Media and published by Milkyway Media. This book was released on 2021-06-08 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Buy now to get the key takeaways from Saifedean Ammous's The Bitcoin Standard. Sample Key Takeaways: 1) Bitcoin is the newest technology to serve the purpose of money. It is an innovation that takes advantage of the digital age's technical possibilities to solve a dilemma that has long plagued humanity: how to transfer economic capital through time and space. 2) To comprehend Bitcoin, one must first understand money, and there is no better way to comprehend money than to research its purpose and history.

Download or read book Attack of the 50 Foot Blockchain written by David Gerard and published by David Gerard. This book was released on 2017-07-24 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: An experimental new Internet-based form of money is created that anyone can generate at home; people build frightening firetrap computers full of video cards, putting out so much heat that one operator is hospitalised with heatstroke and brain damage. A young physics student starts a revolutionary new marketplace immune to State coercion; he ends up ordering hits on people because they might threaten his great experiment, and is jailed for life without parole. Fully automated contractual systems are proposed to make business and the law work better; the contracts people actually write are unregulated penny stock offerings whose fine print literally states that you are buying nothing of any value. The biggest crowdfunding in history attracts $150 million on the promise that it will embody “the steadfast iron will of unstoppable code”; upon release it is immediately hacked, and $50 million is stolen. How did we get here? David Gerard covers the origins and history of Bitcoin to the present day, the other cryptocurrencies it spawned including Ethereum, the ICO craze and the 2017 crypto bubble, and the attempts to apply blockchains and smart contracts to business. Plus a case study on blockchains in the music industry. Bitcoin and blockchains are not a technology story, but a psychology story. Remember: if it sounds too good to be true, it almost certainly is. “A sober riposte to all the upbeat forecasts about cryptocurrency” — New York Review of Books “A very convincing takedown of the whole phenomenon” — BBC News

Download or read book Programming Bitcoin written by Jimmy Song and published by O'Reilly Media. This book was released on 2019-02-08 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dive into Bitcoin technology with this hands-on guide from one of the leading teachers on Bitcoin and Bitcoin programming. Author Jimmy Song shows Python programmers and developers how to program a Bitcoin library from scratch. You’ll learn how to work with the basics, including the math, blocks, network, and transactions behind this popular cryptocurrency and its blockchain payment system. By the end of the book, you'll understand how this cryptocurrency works under the hood by coding all the components necessary for a Bitcoin library. Learn how to create transactions, get the data you need from peers, and send transactions over the network. Whether you’re exploring Bitcoin applications for your company or considering a new career path, this practical book will get you started. Parse, validate, and create bitcoin transactions Learn Script, the smart contract language behind Bitcoin Do exercises in each chapter to build a Bitcoin library from scratch Understand how proof-of-work secures the blockchain Program Bitcoin using Python 3 Understand how simplified payment verification and light wallets work Work with public-key cryptography and cryptographic primitives

Download or read book Digital Gold written by Nathaniel Popper and published by HarperCollins. This book was released on 2016-05-17 with total page 299 pages. Available in PDF, EPUB and Kindle. Book excerpt: New York Times Book Review Editor’s Choice SHORTLISTED FOR THE 2015 FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEAR A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age. Digital Gold is New York Times reporter Nathaniel Popper’s brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement. The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society’s most basic institutions. An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement’s colorful central characters, including an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin’s elusive creator, Satoshi Nakamoto. Already, Bitcoin has led to untold riches for some, and prison terms for others.

Download or read book The Book of Satoshi written by Phil Champagne and published by E53 Publishing LLC. This book was released on 2014-06-11 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Have you, like the rest of the world, speculated as to the identity of Satoshi Nakamoto, anonymous creator of Bitcoin? The world's first cryptocurrency, Bitcoin went online in 2009 and has since revolutionized our concepts of currency and money. Not supported by any government or central bank, completely electronic, Bitcoin is a virtual currency based on advanced cryptographic systems. Like the currency he created, the identity of Bitcoin's creator Satoshi Nakamoto is virtual, existing only online. The Nakamoto persona, which may represent an individual or a group, exists only in the online publications that introduced and explained Bitcoin during its earliest days. Here, collected and professionally published for the first time are the essential writings that detail Bitcoin's creation. Included are: Satoshi Nakamoto Emails and Posts on Computer Forums Presented in Chronological Order; Bitcoin Fundamentals Presented in Layman's Terms; Bitcoin's Potential and Profound Economic Implications; The Seminal Paper Which Started It All. The Book of Satoshi provides a convenient way to parse through what Bitcoin's creator wrote over the span of the two years that constituted his "public life" before he disappeared from the Internet ... at least under the name Satoshi Nakamoto. Beginning on November 1st 2009 with the publication of the seminal paper describing Bitcoin, this public life ends at about the time PC World speculated as to a possible link between Bitcoin and WikiLeaks, the infamous website that publishes leaked classified materials. Was there a connection? You be the judge. Nakamoto's true identity may never be known. Therefore the writings reproduced here are probably all the world will ever hear from him concerning Bitcoin's creation, workings, and theoretical basis. Want to learn more about Bitcoin? Go directly to the source - the writings of the creator himself, Satoshi Nakamoto!"--Amazon.com viewed October 1, 2014.

Download or read book Understanding Bitcoin written by Pedro Franco and published by John Wiley & Sons. This book was released on 2014-10-21 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discover Bitcoin, the cryptocurrency that has the finance world buzzing Bitcoin is arguably one of the biggest developments in finance since the advent of fiat currency. With Understanding Bitcoin, expert author Pedro Franco provides finance professionals with a complete technical guide and resource to the cryptography, engineering and economic development of Bitcoin and other cryptocurrencies. This comprehensive, yet accessible work fully explores the supporting economic realities and technological advances of Bitcoin, and presents positive and negative arguments from various economic schools regarding its continued viability. This authoritative text provides a step-by-step description of how Bitcoin works, starting with public key cryptography and moving on to explain transaction processing, the blockchain and mining technologies. This vital resource reviews Bitcoin from the broader perspective of digital currencies and explores historical attempts at cryptographic currencies. Bitcoin is, after all, not just a digital currency; it's a modern approach to the secure transfer of value using cryptography. This book is a detailed guide to what it is, how it works, and how it just may jumpstart a change in the way digital value changes hands. Understand how Bitcoin works, and the technology behind it Delve into the economics of Bitcoin, and its impact on the financial industry Discover alt-coins and other available cryptocurrencies Explore the ideas behind Bitcoin 2.0 technologies Learn transaction protocols, micropayment channels, atomic cross-chain trading, and more Bitcoin challenges the basic assumption under which the current financial system rests: that currencies are issued by central governments, and their supply is managed by central banks. To fully understand this revolutionary technology, Understanding Bitcoin is a uniquely complete, reader-friendly guide.

Download or read book Grokking Bitcoin written by Kalle Rosenbaum and published by Simon and Schuster. This book was released on 2019-04-17 with total page 704 pages. Available in PDF, EPUB and Kindle. Book excerpt: Summary If you think Bitcoin is just an alternative currency for geeks, it's time to think again. Grokking Bitcoin opens up this powerful distributed ledger system, exploring the technology that enables applications both for Bitcoin-based financial transactions and using the blockchain for registering physical property ownership. With this fully illustrated, easy-to-read guide, you'll finally understand how Bitcoin works, how you can use it, and why you can trust the blockchain. Foreword by David A. Harding, Contributor to Bitcoin documentation. Purchase of the print book includes a free eBook in PDF, Kindle, and ePub formats from Manning Publications. About the Technology Inflation, depressed economies, debased currencies ... these are just a few of the problems centralized banking has caused throughout history. Bitcoin, a digital currency created with the ambition to shift control away from change-prone governments, has the potential to bring an end to those problems once and for all. It's time to find out how it can help you. About the Book Grokking Bitcoin explains why Bitcoin's supporters trust it so deeply, and why you can too. This approachable book will introduce you to Bitcoin's groundbreaking technology, which is the key to this world-changing system. This illustrated, easy-to-read guide prepares you for a new way of thinking with easy-to-follow diagrams and exercises. You'll discover how Bitcoin mining works, how to accept Bitcoin, how to participate in the Bitcoin network, and how to set up a digital wallet. What's inside Bitcoin transactions The blockchain Bitcoin mining Bitcoin wallets About the Reader Intended for anyone interested in learning about Bitcoin technology. While a basic understanding of technical concepts is beneficial, no programming skills are necessary. About the Author Kalle Rosenbaum is a computer scientist, an avid Bitcoin supporter, and the founder of Propeller, a Bitcoin consultancy. Table of Contents Introduction to Bitcoin Cryptographic hash functions and digital signatures Addresses Wallets Transactions The blockchain Proof of work Peer-to-peer network Transactions revisited Segregated witness Bitcoin upgrades

Download or read book The Little Bitcoin Book written by Timi Ajiboye and published by Whispering Candle. This book was released on 2019-08-14 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt: You've probably heard about Bitcoin on the news or heard it being discussed by your friends or colleagues. How come the price keeps changing? Is Bitcoin a good investment? How does it even have value? Why do people keep talking about it like it's going to change the world?The Little Bitcoin Book tells the story of what's wrong with money today, and why Bitcoin was invented to provide an alternative to the current system. It describes in simple terms what Bitcoin is, how it works, why it's valuable, and how it affects individual freedom and opportunities of people everywhere - from Nigeria to the Philippines to Venezuela to the United States. This book also includes a Q & A section with some of the most frequently asked questions about Bitcoin.If you want to learn more about this new form of money which continues to gain interest and adoption around the world, then this book is for you.

Download or read book Thank God for Bitcoin written by Jimmy Song and published by . This book was released on 2020-11-25 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Money is a fact of everyday life. We earn it, spend it and save it. We're tempted to worship it and to trust it to provide for our needs. Envy, misery, and destruction are found wherever money is worshiped. Why does this happen? Why has money become the way it is? And can money be moral? In Thank God for Bitcoin, we explore the ways in which the current monetary system is broken and what can be done to fix it. We explore money's creation, its corruption and its potential redemption. We look at how Bitcoin can redeem the ills of our corrupt monetary system and how the ongoing transition to sound money is a source of hope for a broken world.

Download or read book Inventing Bitcoin written by Yan Pritzker and published by . This book was released on 2019-06-17 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most people, upon first hearing about Bitcoin, don't really understand it. Is it magical Internet money? Where does it come from? Who controls it? Why is it important? For me, understanding all the things that come together to make Bitcoin work - the physics, math, cryptography, game theory, economics, and computer science - was a profound moment. In this book, I share this knowledge with you in a very simple and easy to understand way. With nothing but a high school level math background, we will walk through inventing bitcoin, step by step.

Download or read book The Only Bitcoin Investing Book You ll Ever Need written by Freeman Publications and published by . This book was released on 2021-02-20 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you feel like you've "missed the boat" on Bitcoin. Think again...Because while Bitcoin continues to hit all time highs, this book will show you it's not too late to invest in "Digital Gold" What was once a fringe currency only used by a dark corner of the web... is now the fastest growing financial asset on Earth. And this is just the beginning... You see, we are still in just the 2nd inning of Bitcoin as a financial entity. So while no financial vehicle is making people rich as quickly as Bitcoin... Less than 10% of Americans and 2% of the worldwide population owns it. But now, the major players are taking an interest. Like Billionaire Hedge Fund owner Paul Tudor Jones Internet pioneer Tim Draper, who was an early investor in companies like Hotmail, Tesla and Robinhood. And CEO of Social Capital, Chamath Palihapitiya, who predicts Bitcoin will be worth $1 million within the next 15 years. So even if you've been unconvinced thus far, this book will give you the straight facts on Bitcoin as a financial asset... without any of the hype or noise. Here is just a fraction of what you will discover: The surprisingly small amount of Bitcoin you need to join the top 1% of Bitcoin owners worldwide - Page 15 How a complete technophobe can buy Bitcoin is less than 5 minutes - Page 65 5 Billionaires who believe Bitcoin has a part to play in the world economy - Page 16 Is Bitcoin a legitimate currency? Answered on page 32 A simple way to automate your Bitcoin purchases so you can take advantage of dollar cost averaging - Page 66 The exact percentage of Bitcoin transactions that are used for illegal activities. Anti-Bitcoiners get this wrong all the time - Page 51 Why you should never use Robinhood to buy Bitcoin - Page 70 The downside of purchasing Bitcoin funds like GBTC - Page 71 How much of your portfolio should you dedicate to Bitcoin? Our "one size fits all" solution is on page 102 Plus free video tutorials for safely buying and storing Bitcoin on Page 7 This is not a 600 page theoretical book which you need a math degree to understand. Written in plain English and free from repetitive technical jargon. Every single piece of financial and technical terminology is clearly defined inside. You'll find easy-to-follow advice in how to buy and store Bitcoin yourself... without having to pay expensive fees to middlemen. For everyone who feels frustrated after watching Bitcoin soar in price... this is your chance to get in while the going is good. And not feel like you missed the boat... So even if you're never read a single finance or investing book in your life, you will immediately understand how to become a successful long-term investor. To kickstart your Bitcoin journey today, scroll up and click "add to cart"

Download or read book 21 Lessons written by Gigi and published by . This book was released on 2019-12-18 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Falling down the Bitcoin rabbit hole is a strange experience. Like many others, I feel like I have learned more in the last couple of years studying Bitcoin than I have during two decades of formal education. The following lessons are a distillation of what I've learned. First published as an article series titled "What I've Learned From Bitcoin," what follows can be seen as a third edition of the original series. Like Bitcoin, these lessons aren't a static thing. I plan to work on them periodically, releasing updated versions and additional material in the future.Bitcoin is an inexhaustible teacher, which is why I do not claim that these lessons are all-encompassing or complete. They are a reflection of my personal journey down the rabbit hole. There are many more lessons to be learned, and every person will learn something different from entering the world of Bitcoin. I hope that you will find these lessons useful and that the process of learning them by reading won't be as arduous and painful as learning them firsthand.

Download or read book Mastering Bitcoin written by Andreas M. Antonopoulos and published by "O'Reilly Media, Inc.". This book was released on 2014-12-03 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: Want to join the technological revolution that’s taking the world of finance by storm? Mastering Bitcoin is your guide through the seemingly complex world of bitcoin, providing the requisite knowledge to help you participate in the internet of money. Whether you’re building the next killer app, investing in a startup, or simply curious about the technology, this practical book is essential reading. Bitcoin, the first successful decentralized digital currency, is still in its infancy and it’s already spawned a multi-billion dollar global economy. This economy is open to anyone with the knowledge and passion to participate. Mastering Bitcoin provides you with the knowledge you need (passion not included). This book includes: A broad introduction to bitcoin—ideal for non-technical users, investors, and business executives An explanation of the technical foundations of bitcoin and cryptographic currencies for developers, engineers, and software and systems architects Details of the bitcoin decentralized network, peer-to-peer architecture, transaction lifecycle, and security principles Offshoots of the bitcoin and blockchain inventions, including alternative chains, currencies, and applications User stories, analogies, examples, and code snippets illustrating key technical concepts