If you are serious about understanding Bitcoin and why it is creating a monetary revolution, this is where you need to start.For the past decade prominent economists, media outlets, and financiers have dismissed Bitcoin while it has grown exponentially – a phenomenon strikingly similar to the beginning of the internet. Controversy always accompanies transformational technologies.To understand Bitcoin, you first need the answers to questions such does it mean when people say money needs to be “backed” by something?Why do we need to tax if we can just print money?Why do financial institutions always get bailed out?Why have education, healthcare, and rent become so expensive?Why is wealth inequality continually getting worse despite government spending more on social programs?Bitcoin is the alternative to our current financial system, which benefits few at the cost of many. To understand why Bitcoin is the answer, you need to know how this revolutionary technology works. This book explains it at a technical level in precise yet simple language.Buy this book and be on the right side of history.
Great book for new and experienced bitcoin fans alike
The title says it all. I highly recommend this book. This will increase your bitcoin conviction if you have any doubts. It also fairly addresses criticisms not often discussed, like privacy and mining pool centralization.
One of the better bitcoin books. If you seek fact-based knowledge and detail, then this is the one. The author achieved an impressive balance between information density and conciseness. I enjoyed this read thoroughly and learned a lot, despite have read many other bitcoin books. There was some unexpected humor which was refreshing.
This could be an entry-level read, if you already have a real interest in bitcoin, and the history of banking and money. For those who are looking for something more light, to use to initiate others, there are plenty of high-quality but short books out there, which might be better suited to that purpose.
Yakes hints at another book coming in the future. I certainly hope so, because the research that went into this one is impressive, with numerous sources cited. When the facts are presented as such, no argumentation is necessary, because they speak for themselves.
This is the most in-depth and most challenging Bitcoin book I've read. As someone else stated in their review, if you don't want everything dumbed down for your, this is what you want to read.
I would not give this book to people, who never heard of Bitcoin though. They will put it down quite quickly I'm sure, because it's not an easy read. The content is complex, but still explained pretty well to be fair. But if you're interested in Bitcoin this book is for you, no matter if you're quite new or rather experienced.
A pretty solid introduction to the world of Bitcoin, especially coming from the perspective of someone who knows nothing about Bitcoin, the blockchain, or current monetary policy. Everything is explained in very simple terms and the author does a great job conveying why the information is relevant to us. However, the book is definitely one-sided and written from the perspective of someone who favors cryptocurrency. I definitely will have to continue reading to fully flesh out my understanding of the FED, monetary policy, and the role of crypto.
I have read a lot of books like this in the past. This book excels at explaining a complex topic in a simple manner. The first 2 chapters are stunningly refined and simplified into a truth that is hard to refute. The explanatory approach builds one idea upon another until it reaches conclusion. This is the kind of book I would recommend a friend to read since it is not overwhelming.
Eric is very methodical in building up the history, the drivers and the mechanisms of the trade for value and specialisation and also of the corruption of value through debt and describing in detail the processes that facilitate it.
I have already begun the journey down the rabbit hole with Robert Breedlove, Michael Saylor, Saifedean Ammous, Dominic Frisby and others. Eric adds to their knowledge and I am expanding aspects of my understanding as I am listening so Thank you!