Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
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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.
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.
Digital Gold |
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.
New Buzz
While the buzz and hype surrounding cryptocurrency doesn’t seem like it is going to die down anytime soon, the underlying foundation of Bitcoin, is starting to take center stage..
It is clear that blockchain technology is making strides in different industries outside of cryptocurrency. While most people are ready for decentralized ledgers, the progress of blockchain technology means it probably won’t be too far off from becoming mainstream.
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Unlocking the Blockchain Potential
Unlocking the BlockChain Potential |
Blockchain technology is the virtual, public ledger that records everything in a secure and transparent matter. The benefits of blockchain are more than big enough to sustain its relevance for years to come, unlike the cryptocurrency it was designed to support
Cryptocurrencies, like Bitcoin and Ethereum, have become the talk of the town because they’ve accumulated hundreds of millions of dollars in value in just a few short years. Underneath these popular cryptocurrencies lies the blockchain technology, which combines cryptography with decentralized record keeping to create the first concept of digital property, that allows people to create unique, specific assets online. Creating a digital asset that is backed by blockchain technology is unique in that it can’t be copied or moved, which will change how the Internet will operate.
More and more people are looking to invest in Bitcoin and other cryptocurrencies, in hopes of making it rich.
While the buzz and hype surrounding cryptocurrency doesn’t seem like it is going to die down anytime soon, the underlying foundation of Bitcoin, is starting to take center stage..
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