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The Little Bitcoin Book: Why Bitcoin Matters for Your Freedom, Finances, and Future

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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.

117 pages, Kindle Edition

First published August 1, 2019

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5 stars
265 (43%)
4 stars
220 (36%)
3 stars
105 (17%)
2 stars
15 (2%)
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3 (<1%)
Displaying 1 - 30 of 82 reviews
Profile Image for Craig.
60 reviews20 followers
September 24, 2019
The Little Bitcoin Book is intended as a non-technical person’s first introduction to Bitcoin. As far as an outline of Bitcoin itself goes, it provides the barest of bones supplemented by a few assurances about the protocol’s security. Most of the discussion centers around how Bitcoin constitutes an improvement on previous forms of money and what problems Bitcoin attempts to address—namely, centralization, inflation (monetary policy opacity more generally), confiscation risk, surveillance, corruption, and barriers to access to financial services.

It’s almost certainly a success on what it sets out to accomplish. For the non-technical and non-converted it mercifully spares any of the internal struggles within the community, and it introduces Bitcoin as a boon to freedom and human rights with zero detours into the Austro-Libertarian deliberations that preoccupy many insiders. I’m guessing the book will be appreciated by curious outsiders, but I’m interested to see how that actually plays out in practice—the few reviews already posted here seem to be from insiders who plan on handing this out to people they know and not by those people who’ve been handed the book.

The book is less likely to satisfy those who are at all technically minded and probably won’t pass muster with those who approach Bitcoin from the outside with any degree of skepticism—although a list of resources at the end for branching out is included at the end.

For those unsatisfied with the limited technical scope of this book, here are a few heavier options to consider:

Grokking Bitcoin by Kalle Rosenbaum: This is about as technical an intro one could hope for that doesn’t include samples of code.
Mastering Bitcoin by Andreas Antonopoulos: Is technically on a par with Grokking Bitcoin, maybe just slightly more technical, but it does include samples of code which those who can parse can enjoy and which can be skipped over by those who can’t.
Programming Bitcoin by Jimmy Song (one of The Little Bitcoin Book’s authors): I haven’t read it but my understanding is that it’s more for developers and coders than even Mastering Bitcoin.
The Bitcoin Standard by Saifedean Ammous (with forward by Nassim Taleb): Relatively light on the Bitcoin technicals (partly because it assumes you’ve acquired them elsewhere and partly because they’re not required), this book is for those interested in the economics of Bitcoin and how it fits into the history of money as a technology. Likely to be intriguing even to those who disagree with the book’s specific monetary vision of Bitcoin’s future. (Extensive review here.)

As a final word, the book shouldn’t be characterized as an intro-level book written for actual dummies. It’s true that it’s about the slimmest intro someone might reasonably expect, but I’m not aware of another Bitcoin book at this point that really lays out the human rights case in the way this group of authors have. And on this front, the reader who wants to branch out from The Little Bitcoin Book will be driven into a wider discussion for which there’s no specific reading list and of which Bitcoin is only a part.
Profile Image for Luis.
3 reviews11 followers
August 27, 2019
Seeing as I'm one of the authors, I think I'm allowed to write a biased, 5-star review.

It was a real honor being able to work on this book with my co-authors and I couldn't be happier with the final outcome. We tried really hard to make the material approachable without necessarily talking down to our readers, who we visualized as "everyone who hasn't tried this stuff yet." Our hope is that this becomes one of the go-to guides that gets passed along whenever someone is curious, but doesn't know where to begin.

I feel like we've done our jobs well if I find a battered, well-read copy of this book in a bus terminal diner, an airport coffee shop, or maybe even the waiting area at a major commercial bank!
1 review
August 26, 2019
I gave this book to my mom, and she loved it. Finally an easy read for a non-technical person to understand how bitcoin fits into the greater global social-economic picture. Fantastic for anyone who has questions about Bitcoin but doesn't have a lot of time to do reading. Recommended as a breakfast time book to enjoy with your coffee.
Profile Image for Martin Brochhaus.
156 reviews165 followers
February 2, 2020
This book promises to explain "what is wrong with money today" and to describe "in simple terms what Bitcoin is, how it works, why it's valuable".

I'm happy to say that the book fully delivers on this promise. If you have some friend or relative who expressed interest in Bitcoin and you want to gently nudge them into the right direction, this book is a great (and inexpensive) gift or recommendation.

There is zero knowledge needed in terms of programming, math, economy or history. Every chapter in this book is toned down so that any person with basic knowledge of the English language can understand it. For example: the chapter where Bitcoin's proof-of-work mechanism is described doesn't even use the word "hash" - in fact, that word does not appear in the entire book. Instead, it uses "solving a difficult math problem that requires to spend a lot of energy" as a good enough metaphor.

I couldn't find any claims in this book that were obviously wrong, so I would give this the seal of factual correctnes. BUT this book DOES NOT list any of it's sources. I find that rather shocking. There are a lot of really interesting statistics mentioned, but never will you find a link to where they got those numbers from. Example: "According to consumer price indices, from 2018 to 2019 prices rose 1.7% in Germany and 1.9% in the United States. In many countries, consumer goods prices rose much more: 3.75% in Brazil, 5% in India, 11% in Nigeria, 20% in Turkey, and a whopping 47% in Argentina.". I would have loved to be able to click at a link and see the data myself. This is a gross oversight and the main reason why I reduced my rating to four stars. Of course, the target audience of this book would likely not bother to follow any links, so you could say this is a minor nit-pick.

One thing I found really refreshing and surprising in this book is the very strong focus on Bitcoin has a humanitarian technology. To me, this is what elevates this book from three stars to four stars:

There could have been so many emotionally charged and negative leitmotivs, like "fuck the government", "destoy the banks", "liberatrainism", "anarcho capitalism", "Keynesians bad, Austrian economics good", "biggest wealth redistribution of our time", "all shitcoins are scams" -- but this book has none of this.

Instead, almost every chapter points out big problems with our current central banking system in a very sober way, without really blaming anyone and then shows how Bitcoin, when it reaches its full potential in the future, could solve those problems. The problems are all tangible and relateable and they are problems that affect billions of people on earth today. I like that. There is so much tribalism and hatred going on when you read about Cryptocurrencies on social media, it can (and will) poison your mind with negativity.

This book ignores all that noise and instead points towards reasons for hope, towards potentially huge positive impact.

I would recommend this book to anyone who has zero knowledge about Bitcoin and wants to have a quick read to get up to speed. This book will leave you with many more questions, but as a starting point, it will give you a good vocabulary which will then enable you to do further research on your own.

4 stars means: Surpassed my expectations.
Profile Image for Marian.
27 reviews1 follower
October 28, 2022

"În acelaşi timp, Partidul Comunist Chinez are control
asupra unor sisteme informatice folosite de mai mult de
un miliard de oameni, precum Alipay şi WeChat. Au-
toritățile nu doar că urmăresc şi controlează banii ce-
tățenilor, ci le şi reglementează acțiunile și opiniile prin
sisteme de credit social. Într-un sistem de credit social
precum cel folosit în China, fiecare om primește sau
pierde puncte în funcție de felul în care îşi cheltuie banii,
de opiniile politice pe care le exprimă şi de cercul social
din care face parte. Guvernul recompensează compor-
tamentele asociate cetățeanului loial şi îi pedepseşte
pe cei turbulenți restricționându-le călătoriile în afara
ţării, accesul la Internet de mare viteză, trimiterea co-
piilor la şcoală sau accesul la dobânzi avantajoase pen-
tru împrumuturi. Aceste sisteme de credit social se află
abia la început, dar sunt pe cale să îi ofere guvernului
chinez control fără precedent asupra vieților cetățenilor,
marcând astfel cel mai elaborat proiect de inginerie so-
cială din istoria omenirii.
Tendinţe asemănătoare, dar mai puțin supărătoare,
încep să apară chiar şi în democrațiile occidentale, unde
companiile care furnizează servicii de plată electronică
prin card, dar şi comercianții implicaţi în tranzacții fac
profituri din vânzarea către agențiile de publicitate a
datelor privind tranzacțiile clienților."


Cred că ar fi util să ne uităm măcar peste aceste tehnologii de gestionare a finanțelor ca să nu ajungem nici măcar aproape de situația descrisă mai sus.
Frumos conținutul cărții, însă cel mai mult îmi place că au o listă la finanul cărții cu diferite cărți sau podcasturi de unde poți să înveți mai multe despre subiect.
Profile Image for Denise.
313 reviews
March 20, 2021
This is just what I needed to make some sense of Bitcoin. I highly recommend this short read (99 pages) for anyone who's wondered what the heck it's all about. I found that between the main chapters and the Q & A at the end, many of my questions were answered. I'm still no expert, but at least now hopefully I can follow its development having a bit of background information.
Profile Image for Marty Mangold.
126 reviews3 followers
July 20, 2020
This book delivers what its title suggests: a quick but thoughtful introduction to Bitcoin -- beyond the pyrotechnics of its price fluctuations to the underlying idea of digital currency, and a calm consideration of currencies that fluctuate, evolve and disappear -- that is, all other currencies we've ever known. I read the Kindle edition.
Profile Image for miguel.
38 reviews
November 13, 2021
Muy buena introducción a bitcoin y a la economía actual. No es un libro técnico, es fácil de leer y entender.
Aún si no estás interasdo en bitcoin deberías de leer este libro para saber de algunos problemas que enfrenta la economía actual.
4 reviews
August 27, 2019
The title says it, the little book, just a 100 pages with another 15 of appendices. The subtitle further defines what it's about and the book does deliver on the promise. Starts with defining money and it's problems. It defines and describes bitcoin at a high level. And it makes the argument on why bitcoin is important to all our futures. I really enjoyed the book as it was easy to read and was devoid of any fluff. I think its an important book and I'm sending my copy to my nephew. I'm hoping FOMO, which is defined in the book, will get him motivated to educate himself about bitcoin.
1 review
August 23, 2019
A good read, learned a lot.

I was suprised to find out things that I did not know. I guess I am not Mr. Know-it-all, like I assumed. There were a few things I disagreed with, however, I could see why in the effort to make the book understandable to no-coiners that they did not include some of the more controversal facts about crypto other than Bitcoin. I appreciate the work these people put into make this book and am glad I bought it.
12 reviews
September 27, 2019
An excellent introduction to blockchain and bitcoin. The book does a great job at presenting a lot of the complected concepts (economic and technical) in a very easy to digest fashion. This will be my go to recommendation for anyone who wants to get into the world of bitcoin and cryptocurrency.
1 review
September 6, 2019
Super easy and straight forward. It gives you exactly that first approach you need to start your journey and curiosity about Bitcoin!

Recommend it to your friends!
Profile Image for Michiel.
20 reviews1 follower
November 2, 2023
Mooi beknopt boekje over Bitcoin. Een ideaal startpunt voor mensen die in korte tijd willen weten wat Bitcoin precies is en welke problemen het kan oplossen.

Door veel mensen wordt BTC vooral gezien als investering/speculatie, maar het is veel meer dan dat. Deze briljante uitvinding van Satoshi Nakamoto heeft de potentie om de wereld te veranderen en de grote problemen met het fiat-geldsysteem op te lossen. Denk aan: financiële uitsluiting (2 miljard mensen hebben geen bankrekening), financiële controle en censuur (in autoritaire landen worden bankrekeningen geblokkeerd als je de verkeerde politieke mening hebt of een demonstratie tegen de regering bijwoont), (hyper)inflatie door het onbeperkt kunnen bijdrukken van geld (waardoor mensen al hun spaargeld verliezen en in armoede vervallen), counter party risk (banken die om kunnen vallen door het nemen van onverantwoorde risico’s met het geld van hun klanten), privacyproblemen (CBDC’s, data-lekken), steeds groter wordende ongelijkheid tussen rijk en arm (inflatie bevoordeelt vooral mensen die assets als vastgoed en aandelen kunnen kopen en benadeelt mensen met alleen spaargeld), en zelfs oorlogen (die nodeloos lang duren omdat ze gefinancierd worden door het bijdrukken van geld waarvoor burgers de prijs betalen via inflatie).

Bitcoin kan de oplossing vormen voor deze problemen. In het Westen wordt dit nog niet zo gevoeld, maar veel mensen in landen waar hyperinflatie plaatsvindt (zoals Venezuela en Argentinië) gebruiken het al volop. Net als arbeidsmigranten die met BTC veel goedkoper en sneller geld kunnen sturen naar hun familie. Of mensen die geen bankrekening hebben, maar via Bitcoin wel kunnen deelnemen aan het financiële systeem en eindelijk iets voor zichzelf kunnen opbouwen. Als Bitcoin zijn volledige potentie vervult, zou het ook oorlogen kunnen verminderen, privacy en vrijheid kunnen verhogen, en de macht van autoritaire regimes kunnen inperken.

Wil je precies weten hoe dit allemaal zit, lees dan zeker dit boek. Het is beknopt en niet technisch. Wel is het boek soms wat kort door de bocht en niet goed uitgediept, mede omdat het door een groepje auteurs in een “boek-sprint” van enkele dagen is geschreven. Ook de vertaling in het Nederlands is niet overal geslaagd en zinnen/woorden zijn soms te letterlijk uit het Engels overgenomen. Ondanks deze kleine minpuntjes, is dit een must-read voor iedereen die meer wil weten over deze fascinerende technologie.
4 reviews
December 4, 2023
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Profile Image for Amaan Pirani.
136 reviews6 followers
August 11, 2021
This book is a good read if you're not super familiar with cryptocurrencies or Blockchain technology. I like how simply and non-technically they laid out details on crypto, Blockchain technology, etc.

Unfortunately, it fails to be nuanced or to address some extremely important topics.
For example, the authors fail to be objective with respect to how governments will respond to Bitcoin. They argue that governments will have a hard time fully restricting the flow of Bitcoin - when in fact if governments prevent the usage of the currency for the sale of physical goods they'll likely hamper the use of the currency domestically. Additionally, the author's fail to indicate the affects the currency will have on taxation and their unsupported claim that crypto will reduce income tax while increasing standard of living shows how farfetched and biased they can be. Indeed they make a number of similar, unsupported, far reaching claims.

Moreover, many important topics aren't covered in the text including
1. Bitcoin vs other cryptocurrency technologies - and what the tradeoffs are there. Why argue in favor of Bitcoin instead of in favor of all crypto without describing unique distinct advantages / differences between Bitcoin and say Ethereum
2. The future of other Blockchain technology.
21 reviews
June 6, 2022
Great intro to Bitcoin, its origins, purpose, and how it works. An ideal book for someone who knows absolutely nothing about Bitcoin, wants to learn the details of how it works (without getting hyper-technical), and doesn’t know where to start.

The book weakens in the last chapters when the authors try explaining the societal benefits of Bitcoin. I don’t doubt the potential in democratizing financial access, especially to those unable to open bank accounts, but the fact that they spent pages explaining the financial benefits of Bitcoin and then in just a few paragraphs try to make the conclusion that Bitcoin will lead to the end of global wars demonstrates the multiple authors’ limited understanding of global politics and international development. The sweeping social claims with gigantic logical leaps and no opinions from experts in more relevant fields weakens the whole book. But honestly, as a primer in “what the hell is Bitcoin and how does this work” it does a great job and I learned a lot.
8 reviews
October 12, 2023
How do you do when you lose your bitcoin to scammers

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3 reviews
October 10, 2023
A lot of people have been scammed with fake Broker Website and this have left many crypto investors wondering if they have any options for tracing illicit Bitcoin transactions and recovering their stolen funds from fake broker website. The short answer is that it’s possible. If you have tried all suggestions and non seems to give you the desired result, your best bet will be to hire a Bitcoin Recovery Expert like hackdigg@gmail.com which are guaranteed to recover your bitcoin from a fake Broker website. Contact them here also; WhatssApp: +15183047665 Telegram:+15183149714 They have extensive experience in helping clients to recoup and recover funds lost in bitcoin scams. Their team has built up knowledge and experience in the workings of these schemes and the methods they use to target investors. They also understand how professional misconduct can cause you to lose money
December 4, 2023
I've always said that you should save money for rainy days since you never know when you'll need it. That's what happened to me when I lost my investment with the fraudulent organization. I hired someone to help me because I couldn't bear the thought of ever losing a cent to anyone. It hadn't happened before and it wasn't going to start now, so I was introduced me to Software Specialist. Although I was initially doubtful, I followed him because he came highly suggested by someone I know, and it turned out well. I employed him. I had to work with Software Specialist for three days because that's how long it took him to successfully break into the company’s portal and retrieve my money. I am very grateful and you can contact him through softwarespecilaist@usa.com for his incredible services.
2 reviews
April 5, 2024


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4 reviews
April 11, 2024
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1 review
November 6, 2023
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November 28, 2023
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3 reviews
December 14, 2023
I am seeking a withdrawal from Opticapital and am getting nowhere. I have deposited just about everything I have into an Opticapital account – almost $157,000 AUD (through Binance transfer). My Opticapital account is now sitting at “apparently” $711,000 USD and I have asked to withdraw $120,000 USD and everything has gone silent. This is the second time I have put in a withdrawal request. The first one was denied because I hadn’t deposited enough funds. I really thought I was onto something and would never be scammed, yet here I am. But i was opportuned to make a report to the mail "joanhopkins104 at gmail com" and my funds were recovered back into my account i really recommend her good work.
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January 8, 2024
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1 review
April 1, 2024
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2 reviews
April 2, 2024
Everyone should be careful of investment platforms promising huge returns. They lure victims into fake programs. I was scammed of 698,450 U S D. While researching on how to recover my funds, I came across several recommendations on Bitcoin Abuse Forum and decided to contact recovery USA organization. I contacted the company via (recovering atUSA com) and they helped me recover my stolen funds. If you've also been a victim, don't hesitate to get in touch with him. The United States Department of Justice estimates that only 20% of victims of financial fraud report the crime because they are embarrassed, feel guilty or think nothing can be done. There are millions of victims of financial fraud every year .
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April 7, 2024
Everyone should be careful of investment platforms promising huge returns. They lure victims into fake programs. I was scammed of 698,450 U S D. While researching on how to recover my funds, I came across several recommendations on Bitcoin Abuse Forum and decided to contact recovery USA organization. I contacted the company via (recovering atUSA com) and they helped me recover my stolen funds. If you've also been a victim, don't hesitate to get in touch with him. The United States Department of Justice estimates that only 20% of victims of financial fraud report the crime because they are embarrassed, feel guilty or think nothing can be done. There are millions of victims of financial fraud every year .
5 reviews
April 8, 2024
HOW I FINALLY RECOVERED MY LOST CRYPTO: I lost all my crypto to a fake investment scam to someone I met online. I started searching for help legally to recover my funds, and I came across a lot of Testimonies about HARVEY DONALD. I contacted him, providing the necessary information and it took him and his team of experts about 36 hours to locate and help recover my stolen funds. I am so relieved and the best part was, the scammer was located and arrested by local authorities in his region. I hope this helps as many out there who are victims. I strongly recommend Steve professional services for assistance with swift and efficient recovery (Crypto, Credit card, Forex, NFT, etc)
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