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The Internet of Money #2

The Internet of Money Volume Two

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The Internet of Money Volume Two is the spectacular sequel to the cult classic and best seller The Internet of Money Volume One by Andreas M. Antonopoulos. Volume Two contains 11 of his most inspiring and thought-provoking talks,
Introduction to Bitcoin;

Blockchain vs Bullshit;

Fake News, Fake Money;

Currency Wars;

Bubble Boy and the Sewer Rat;

Rocket Science and Ethereum's Killer App;

and many more;
Volume Two also includes an all new frequently asked questions section!
In 2013, Andreas M. Antonopoulos started publicly speaking about bitcoin and quickly became one of the world's most sought-after speakers in the industry. To date, he has delivered more than 75, TED-style talks in venues ranging from the Henry Ford Museum to packed-out Bitcoin Meetups in the Czech Republic to New Zealand and every talk is completely different.
In these performances, Antonopoulos walks onto the stage and delivers a live, unscripted talk. Without a deck in sight, he unleashes his latest insights into the lightning-fast changes surrounding bitcoin. Combining the knowledge of one of the world's leading blockchain technologists, with cultural context, comedy, and the flair of a performance artist, Antonopoulos conveys an up-to-the-second understanding of bitcoin to live audiences worldwide.
Many of these talks were so visionary, their content so educational, that they were curated and refined into a book form. On 7 September 2016, The Internet of Money Volume One was launched on The Joe Rogan Experience podcast (the interview has since been viewed more than 300,000 times). With its genesis in the lived, human experience, The Internet of Money offered something that was desperately an explanation of the philosophy, economics, politics, poetics, and technologies of bitcoin and open blockchains set within the historical context of millennia of human civilization.
During its first year, Volume One quickly became a hit in the global crypto-currency community-appealing to audiences from fields as diverse as the arts, sciences, and humanities. As one reader It provides a uniquely accessible take on a mind-bendingly abstract system.
The Internet of Money Volume Two builds on that momentum and offers readers an opportunity to experience more these inspiring and thought-provoking talks in print. Volume Two also includes a bonus question and answer section, where Andreas answers some of the most frequently asked questions from audience members. The Internet of Money Volume Two is a sequel that rivals, even exceeds, the first, in content, scope, and vision. Make this book part of your collection and see why Andreas M. Antonopoulos is considered the most powerful and engaging voice in the crypto-currency and blockchain space.
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About the author

Andreas M. Antonopoulos

15 books625 followers
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. He is the author of two books: “Mastering Bitcoin”, published by O’Reilly Media and considered the best technical guide to bitcoin and “The Internet of Money”, a book about why bitcoin matters.

As an engaging public speaker, teacher and writer, Andreas makes complex subjects accessible and easy to understand. As an advisor, he helps startups recognize, evaluate, and navigate security and business risks. Andreas was also one of the first to use the phrase “The Internet of Money”, as early as 2013, to describe bitcoin as part of his speaking business.

As a bitcoin entrepreneur, Andreas has founded a number of bitcoin businesses and launched several community open-source projects. He is a widely published author of articles and blog posts on bitcoin, is a permanent host on the popular Let’s Talk Bitcoin Podcast, and a frequent speaker at technology and security conferences worldwide.

Andreas offers strategic consulting to a small number of crypto-currency companies that are aligned with his interests. He also offers expert witness testimony as an expert in the security, technical details and use of crypto-currencies, worldwide.

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5 stars
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Displaying 1 - 30 of 56 reviews
Profile Image for Janne.
Author 3 books17 followers
May 2, 2018
Internet of Money Vol. 2 summarizes the latest changes in technology. As author himself put’s it, to keep up with the technology is almost impossible, especially since the rate of change is accelerating. Immensity of the change is hard to grasp, unless you start to consider it.

I definitely recommend to this to everyone who is interested in participating the world of tomorrow. Technology grants us power, it’s up to us to learn to how to use it virtuously. Possibilities are exciting!

My favorite picks from the book:
- “Bitcoin is not the money of the physical space, it is the money of the internet. Bitcoin is not the money of the nation - state ; it is the money of the world.”
- “Bitcoin is not the money of the current generation; it is the money of the generations to come.”

This book is a must read for anyone who wants to be a positive change in the world.
9 reviews1 follower
January 3, 2020
The volume of the series repeats a lot of knowledge shared in the first volume. Normally it would be a negative, but since bitcoin brings a lot of different approaches to our day to day lives and changes so many ways that felt they were always the way they are now, this repetition of informations is needed in order to let the knowledge settle a little bit. The second volume also brings a bit more technical view into the bitcoin and introduces some differences between bitcoin and ethereum. Generally is this book very good investment.
Profile Image for Yor.
306 reviews13 followers
August 8, 2021
Este libro ofrece un gran resumen de várias conferencias del autor, brinda detalles interesantes por detrás del blockchain, como conectan diversas tecnologías, una breve apología hacía la libertad, el individualismo, y así un estado de alerta contra la inflación, el sistema monetario internacional, y sus conecciones sobre la pérdida de valor en las monedas fiat bajo la primicia que moneda, dinero, son resultados directo de la confianza entre las partes, esto quiere decir entre los ciudadanos, países, y la tendencia en los países que han quebrado varias veces en los últimos años ha sido por resultado de la corrupción, impresión de dinero desmedido, y han tenido que crear nuevas divisas bajo las mismas bases ya existentes, no corrigiendo sus errores y persistiendo en un sistema que los ciudadanos suelen no confiar. En esto podemos ver cómo la tecnología del blockchain brinda una alternativa novedosa sobre un sistema descentralizado, accessible a las personas que cuenten con internet, en mover “dinero” y realizar transacciones sin intermediarios sin una frontera física, y bajo un sistema de confianza que es la sincronía entre las 4 tecnologías integradas en el blockchain utilizadas por diversas criptomonedas como bitcoin, ethereum, etc.

Un libro interesante para quien desee un resumen preciso sobre lo que significa el “El Internet del Dinero” que es el concepto que el autor refuerza que viene el blockchain a cambiar todos los paradigmas sobre los sistemas de confianza, transparencia, y al mismo tiempo seguridad.

Descubrí diversos trechos del libro muy interesantes que quisiera recordar, abajo comparto alguna de ellas:


2.1.2. Blockchain Is NOT the Technology Behind Bitcoin
Out of the hype arose this fantastic saying, "Blockchain is the technology behind bitcoin," which is incorrect. Blockchain is one of the four foundational technologies (Blockchain, Proof-of-Work, P2P Network, and Cryptography) behind bitcoin, and it can’t stand alone. But that hasn’t stopped people from trying to sell it.

“Can you define "blockchain"? I think a few people in this room could probably define "blockchain." The real challenge would be: can you define "blockchain" in such a way that I can’t do search-and-replace with the word "database" and still make that sentence work? Because that’s the challenge: if what you’re doing is a database with signatures, it’s not interesting. It’s boring.”

“¿Puedes definir" blockchain "? Creo que algunas personas en esta sala probablemente podrían definir "blockchain". El verdadero desafío sería: ¿puedes definir "blockchain" de tal manera que no pueda buscar y reemplazar con la palabra "base de datos" y aún así hacer que esa oración funcione? Porque ese es el desafío: si lo que está haciendo es una base de datos con firmas, no es interesante. Es aburrido."

2.2. The Essence of Bitcoin: Revolutionizing Trust
What is the essence of bitcoin? It’s not blockchain. The essence of bitcoin is the ability to operate in a decentralized way without having to trust anyone.

“2.2. La esencia de Bitcoin: revolucionar la confianza
¿Cuál es la esencia de bitcoin? No es blockchain. La esencia de bitcoin es la capacidad de operar de forma descentralizada sin tener que confiar en nadie.”


“smart contracts use three technologies in bitcoin. One is multisignature technology. Another is timelock: CheckLockTimeVerify and CheckSequenceVerify—mostly CheckSequenceVerify, which is relative time from the previous transaction. And finally a new invention called Hashed Timelock Contracts or HTLC, which is a way to forward a promise that can only be unlocked by a secret. These are smart contracts using bitcoin.”

“Los contratos inteligentes utilizan tres tecnologías en bitcoin. Uno es la tecnología de múltiples firmas. Otro es el bloqueo de tiempo: CheckLockTimeVerify y CheckSequenceVerify, principalmente CheckSequenceVerify, que es el tiempo relativo de la transacción anterior. Y finalmente un nuevo invento llamado Hashed Timelock Contracts o HTLC, que es una forma de transmitir una promesa que solo puede ser desbloqueada por un secreto. Estos son contratos inteligentes que utilizan bitcoin."


6.3. The International Currency War
In addition to the war on cash, there is another currency war happening now-- an international currency war. In this war, nation is pitted against nation using its flag money, its national currency, as a trade-war instrument in order to tip the trade balance and erode the national debt in countries that are suffering from enormous debt loads they have no hope of ever paying back.
If you are a government and you have debt measured in the billions or trillions of dollars, how do you best pay back that debt? By increasing standards of living and productivity until you can grow yourself out of it? Or by confiscating the savings of retirees and the middle class, destroying a generation of workers, and having them pay the debt through a shadow tax, inflation? We know which side countries are choosing, because we’re seeing this play out again and again.
Of course, that’s not how they sell it. They don’t say, "Our plan to exit the debt is to destroy pensioners and the middle class and create a system of shadow taxation and confiscation to bail out the banks and bail out the government debt." What they say instead is, "This will eradicate black money, this will permanently end corruption, and we will win the war on crime!" And most people say, "Hey, that sounds like a great idea! Let’s go for it."

6.3. La guerra internacional de divisas
“Además de la guerra contra el efectivo, ahora está ocurriendo otra guerra de divisas: una guerra de divisas internacional. En esta guerra, una nación se enfrenta a una nación que usa el dinero de su bandera, su moneda nacional, como un instrumento de guerra comercial para inclinar la balanza comercial y erosionar la deuda nacional en países que sufren enormes cargas de deuda que no tienen esperanzas de lograr. siempre pagando.
Si usted es un gobierno y tiene una deuda que se mide en miles de millones o billones de dólares, ¿cuál es la mejor manera de pagar esa deuda? ¿Incrementando los estándares de vida y la productividad hasta que pueda crecer? ¿O confiscando los ahorros de los jubilados y la clase media, destruyendo una generación de trabajadores y haciendo que paguen la deuda a través de un impuesto sombra, la inflación? Sabemos qué países están eligiendo, porque estamos viendo este juego una y otra vez.
Por supuesto, no es así como lo venden. No dicen: "Nuestro plan para salir de la deuda es destruir a los jubilados y la clase media y crear un sistema de impuestos en la sombra y confiscación para rescatar a los bancos y rescatar la deuda del gobierno". En cambio, lo que dicen es: "¡Esto erradicará el dinero negro, esto terminará permanentemente con la corrupción y ganaremos la guerra contra el crimen!" Y la mayoría de la gente dice: "¡Oye, parece una gran idea! Hagámoslo".”
121 reviews1 follower
May 31, 2018
Context: Continuation of Volume One. Storytelling pitch via the formula of everyday metaphor, extrapolated to Bitcoin, to convey a key message, per chapter.

Liked: Liken this to Bitcoin 302, using my previous analogy. Expanding beyond basic BTC to ETH and highly simplified explanations of complicated developments in the crypto space. As with the previous volume, Mr. Antonpoloulos is brilliant at projecting what the future may look like with mass implementation of blockchain technologies.

Disliked: Implied anti-bank, and almost anti-government stance. There is truth to his words, but unbalanced. It is as likely that centralized blockchain may be the solution. Successfulness of adopting a centralized vs decentralized solution is highly dependent on the values of the peoples adopting it. Not just these people are the die-hard bitcoin advocates, or investment bankers, or the common folk in between - but the whether these are western "speak up for myself and my rights folks" vs eastern "for the good of our society" like Japan, just as western best practices may not work entirely in the East because of culture. Highly look forward to research in this area, as bitcoin will be as much of a cultural movement as it is a technological movement.

Conclusion: Like a complicated novel condensed to Netflix for mass consumption. Not entirely as bad as it sounds, as it gets the salient points across. Looking forward to the next one.
Profile Image for Eric C Cassidy.
111 reviews11 followers
October 3, 2018
I love this simple book, and its predecessor. During this "bear" market in crypto, it really reminds me of WHY I've been so deeply drawn to Bitcoin and just a few other cryptocurrencies as investments because the technology is inevitably so much better than any system of money we currently have in the era of the internet, big data, and big government, and quantitative easing (arbitrary inflation from arbitrators of our money, the federal reserve).

We will have digital money. Some will profit huge from long term holding. Learn and invest wisely.
Profile Image for Chris Esposo.
677 reviews50 followers
October 3, 2019
This book was part of the recommended reading list in a introductory course on the algorithms and process of the blockchain. Slightly better in terms of content with respect to the first volume, it's still mostly just an "ok" book on the subject appropriate only for the absolute beginner to the subject. The talk on exploits against bitcoin was probably the best content in the book, though just like the precious volume, one could find a superior treatment to this in "The Book of Satoshi". Conditional recommend for newbs, and never for a reading list in a formal course on the subject area.
Profile Image for David.
2 reviews
July 18, 2018
This book, and the original 'The Internet of Money' are absolutely worth the time to read for anyone interested in understanding the basic implications of the monumental shifts that are coming in our perspective of money and trust. if you are new to the space, I strongly recommend the first book. Volume Two builds upon this foundation and goes more in depth about the infrastructure that is rising in this new and incredible system.
Profile Image for Warren Mcpherson.
195 reviews30 followers
October 2, 2018
Andreas does a great job of coming up with vivid images and strong analogies that can help people understand issues. I'm not sure the format of transcribing speeches makes for the best book. There were a couple of great tidbits, but I didn't feel the book as a whole moved me very much.
When talking to beginners, I always recommend they pay attention to Andreas and this is a good, quick treatment of a handful of topics.
Profile Image for Triet Pham.
1 review1 follower
January 10, 2018
The content is repetitive on his mantra of the bad money. He took a few communist economies and the way they roughly rule their fiat money as a most typical example of a bad money. Many contents aim at the political matters. Those are what I wouldn't look for a book of a disruptive technology.
52 reviews1 follower
March 26, 2021
This talk series makes for light, interesting reading about some of the stories that encapsulate what bitcoin (and blockchain based technologies more generally) currently is, and where its proponents are hoping it goes for the future.

Andreas provides various examples about how this technology can be misapplied, and how institutions are trying to centralise it; an interesting desire seeing as one of the core design principles that allows bitcoin is its decentralised nature (although of course a centralised blockchain has applications too, such as Walmart's product delivery tracking system).

There is not too much to say on this book; as it is a written account of talks done by Andreas where much of the content is interesting but not as consistent to a thread in a normal book that is designed as a single entity. Moreover, the fast changing nature of this industry makes some of what Andreas says outdated. Nonetheless, it is still a very interesting and useful read for people interested in bitcoin or blockchain based technology more generally.
Profile Image for Annisatisa.
1 review1 follower
August 8, 2019
It is such a great book for people who just got into cryptocurrency. I, myself is a beginner and the content of the book is easy to understand as it uses simple words in explaining the internet of money, cryptocurrencies, bitcoins, etc. It is basically a compilation of speeches/talks which makes it even simpler and if you are a beginner and do not have enough knowledge about how money works digitally, I suggest you to read it from the very beginning.
19 reviews1 follower
September 30, 2019
Great collection of talk transcripts. Although they are already several years old (which in terms of Bitcoin and cryptocurrency history is an eternity), Antonopoulos addresses fundamental points about money, information, etc, which are holding up just fine and are still completely relevant. There is some overlap between the talks, but definitely worth a read if you are curious about possible implications of the Bitcoin/crypto revolution.
Profile Image for Scott Wozniak.
Author 4 books87 followers
August 26, 2021
This book is a collection of talks given by the author about bitcoin, blockchain, etherium, etc. So it doesn't have a really strong progression of ideas and there are a few redundant spots. But it is profound and interesting. It's not technical at all, it's about the strategy, the cultural impact, and what the future will bring. If you are interested in the digital money that's blossoming all around us, then this book is a valuable read.
Profile Image for Tom TG.
17 reviews
June 20, 2018
Andreas is my favourite bitcoin communicator and this collection of (edited) speeches does not disappoint. More anti-govt/banks than part one, it seems as though Andreas’ views have become further entrenched and validated with time. And that’s infectious. Whether you are a libertarian or not, the distributed ledger is going to change the planet... and you should let Andreas tell you why.
Profile Image for Eimantas.
60 reviews3 followers
March 16, 2019
Satoshi Nakamoto stole money from the state. Not in a direct sense, but metaphorically. Andreas will rob you of your ignorance, myths, and everything else you don't understand about Bitcoin, Ethereum, and cryptocurrencies.

His books and speeches are a red pill. Be careful.

There's a risk is that your life may never be the same.
Profile Image for Jeremy Schuler.
10 reviews26 followers
July 12, 2021
" Bitcoin isn't money; it isn't a system of currency. It's not a company, it's not a product, it's not a service you sign up for. It's not a currency; currency is just the first application. It is the concept of decentralization applied to the human communication of value. It is a platform of trust. "
- Andreas Antonopoulos
March 1, 2022
A banger of a series for Bitcoin Information

- Awesome book, part 2 of the series of the Internet of money

- Dives deep into the world of Bitcoin and Ethereum, Smart Contracts and inner workings of the technologies

- Also introduces the concept of DAOs, crowd sourced projects....
Profile Image for Daniel Oon Yong Lin.
80 reviews10 followers
December 21, 2017
Andreas was very clear on this volume that he was adding more normative thoughts, a programmer by trade he is now a full-fledged cryptoeconomist that helps consumers/users of the network look at problems from different perspectives. An awesome book
Profile Image for Alex.
558 reviews40 followers
May 21, 2018
While this retreads some of the ground covered in the first volume, there was a substantial amount of new content here, and I found the section on proof-of-work as "staked electricity" to be powerfully elucidating with regard to the true purpose of mining in a PoW-based consensus algorithm.
Profile Image for Franklyn Gonzalez.
Author 1 book4 followers
January 15, 2019
Part two from The Internet of Money. Continued with talks on economics and technology. Looking forward to finding the author's videos and talks on Youtube! I missed hearing that part on the first volume.
Profile Image for Nathan.
9 reviews
March 10, 2020
Volume 1 contained much more valuable insights into Bitcoin in my opinion. The part about lightning network & the FAQ were a very nice touch though.

If you are an (internet) entrepreneur and interested in finance; you should really get into these books, they spark so many ideas.
Profile Image for Farming Lord.
20 reviews2 followers
May 17, 2021
Unlike the first part, which was more focused to attract newbies, Volume Two is suitable for crypto OGs as well. A lot of useful information and comparison with the Stock Market / Fiat. 10/10!!!! Finance 3.0 is coming :D
Profile Image for Paulo Cardoso.
22 reviews1 follower
May 3, 2022
For those that are in doubt of bitcoin. Reading this book could be the difference between an investment into the future or investing without knowing what is exactly it.

This one has a some technical chapters that can be hard to understand for some people.
Profile Image for Mike Siegel.
41 reviews4 followers
December 21, 2017
After reading Volume One, I banged this one out in two days. Like Volume One, it's a great read. The biggest issue is it had a lot of repeats from Volume One.
27 reviews3 followers
January 17, 2018
So much improvement from Volume one. This actually helped pinpoint the reason bitcoin is disruptive for me, definitely worth the read.
Profile Image for Robin.
534 reviews1 follower
January 29, 2018
4.5 stars.
Still very solid, not as good as the first volume but def worth reading!
Profile Image for Adam Sullivan.
21 reviews2 followers
March 21, 2018
Good overview of Bitcoin; most of this information is available for free on Antonopoulos' YouTube.
Displaying 1 - 30 of 56 reviews

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