Goodreads helps you keep track of books you want to read.
Start by marking “The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order” as Want to Read:
The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
Enlarge cover
Rate this book
Clear rating
Open Preview

The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order

by
3.85  ·  Rating details ·  2,277 ratings  ·  245 reviews
Bitcoin became a buzzword overnight. A cyber-enigma with an enthusiastic following, it pops up in headlines and fuels endless media debate. You can apparently use it to buy anything from coffee to cars, yet few people seem to truly understand what it is. This raises the question: Why should anyone care about bitcoin?

In The Age of Cryptocurrency, Wall Street journalists Pau
...more
Hardcover, 368 pages
Published January 27th 2015 by St. Martin's Press
More Details... Edit Details

Friend Reviews

To see what your friends thought of this book, please sign up.

Reader Q&A

To ask other readers questions about The Age of Cryptocurrency, please sign up.
Popular Answered Questions
Alex Bates Hey! You are very lucky that I noticed your question. With the number of cryptocurrencies and those who want to buy them, the number of so-called exch…moreHey! You are very lucky that I noticed your question. With the number of cryptocurrencies and those who want to buy them, the number of so-called exchanges, in other words, markets for the sale and purchase of a particular coin, is growing. You have a great opportunity to understand this here https://cryptobuyer.com/ because, firstly, not all exchanges are good, and secondly, one market is not suitable for everyone, but here you can read about all existing popular exchanges and choose the one you like.(less)

Community Reviews

Showing 1-30
Average rating 3.85  · 
Rating details
 ·  2,277 ratings  ·  245 reviews


More filters
 | 
Sort order
Start your review of The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
BlackOxford
Jun 26, 2016 rated it really liked it
Shelves: technology, economics
Competing For Trust

Just as light is considered as both a particle and a wave in modern physics, the new forms of exchange that have been developed using the technology of the Internet are both currencies and commodities. This is another way of saying that neither in physics nor economics do we have an adequate description of either light or money, although we might temporise and muddle on regardless.

Surprisingly perhaps, we may be further ahead in developing a unified theory of money thanks to
...more
Athan Tolis
Apr 29, 2015 rated it really liked it
Shelves: business
This is a tremendous introduction to Bitcoin. If you are not technically minded, it's as good as you could possibly hope for.

On the other hand, if you are a bit of a technophile, perhaps you may want to look for the fine detail somewhere else.

First comes all the necessary background. You get a thorough introduction on what money is, or rather what it is that that turns something into money, you get an introduction to the biosphere out of which Bitcoin sprung, including a long list of its predece
...more
Murtaza
Feb 10, 2021 rated it it was amazing
This is the journalistic account of Bitcoin and blockchain technology that I had been waiting to read, providing a remarkably accessible account of Bitcoin's origins, as well as basic technical descriptions of how the protocol functions. One way to think of Bitcoin is as a giant public ledger that is maintained by everyone collectively in a networked manner, rather than a ledger kept by a central authority such as a bank. Bitcoins are "mined" through the process of doing the bookkeeping on the m ...more
George
"The Age of Cryptocurrency" by Paul Vigna and Michael J. Casey is a solid, non-technical, introduction to Bitcoin and block chain technology. This book covers the time period from the 1990s up through 2014.

I recommend this book to anyone interested in reading a non-technical introduction to Bitcoin and block chain up through 2014.

Rating: 4 out of 5 stars

Notes:
Audiobook:

Narrated by: Sean Pratt
Length: 14 hours and 17 minutes 
Unabridged Audiobook
Release Date: 2015-01-29
Publisher: Gildan
...more
Paul
Feb 07, 2015 rated it it was ok  ·  review of another edition
Shelves: books-read-2016
Money supposedly makes the world go round. It doesn’t; that’s physics; but it is the lifeblood of business and the system that controls it, governments, banks, brokers and the other middlemen have made and lost fortunes with it and with that control comes power. Cryptocurrencies might be something that you have heard of, but like most people you are probably unaware how this new form of money is aiming to revolutionise the concept of money.

Bitcoin is probably the best known of these new cryptocu
...more
Tuncer Şengöz
Nov 08, 2018 rated it really liked it  ·  review of another edition
Shelves: finance
Debate is still hot whether bitcoin (and cryptocurrencies in general) is a money, currency, commodity? Does it have a storage value? Is it a ponzi scheme, bubble, fraud or what?

This book is a good start from the "genesis" to the efforts to attach them to conventional economy, for those who have no idea about what cryptocurrencies are. It is printed way before the crazy bull market lifting bitcoin prices as high as $20.000 and then the collapse of all cryptocurrency prices plummeting to the loss
...more
Conrad Zero
Oct 15, 2017 rated it it was amazing
At 2 years old, this is already feeling dated, but it gives a detailed look at the start of the blockchain 'revolution' in progress. The authors' backgrounds in finance/economy give them a particular slant but it doesn't keep them from diving into the cultural and technological effects of blockchain technology. As expected, there are some interesting guesstimates as to where the new tech might take us, but given what blockchain can already do out of the box, so to speak, is pretty impressive.

Re
...more
Ryan
Feb 07, 2016 rated it it was amazing
Great summary of cryptocurrencies (Bitcoin, etc.), including background (cypherpunks), current players, drivers of success/failure, and future scenarios. Non-technical, but well informed.

Personally not terribly sold on Bitcoin itself, but some kind of cryptocurrency (ideally, an anonymous one, like Zcash or blinded tokens) should succeed, at least for verticals.

(Audible audiobook)
Clémentine
This book is about Bitcoin, other cryptocurrencies and the blockchain technology, but the focus is also on the community that build it, cherish it, believe in it. Through different real life stories of the major actors of the crypto world, it allows us to understand the mindset and motivation behind those creators and contributors as well as the potential behind it.

It talks about bitcoin the currency and Bitcoin the technology along with the creation of the Ethereum platform, Ripple, Stellar and
...more
Ali Tehrani
Jan 07, 2018 rated it it was ok
I wish I read this when it came out. A good introduction to cryptocurrencies, their benefits and drawbacks, the history behind their formation, with a good sketch of future potential applications. I'd be lying if I said I fully understand blockchain technology just by reading this book, but this book helped give me at least some basis for understanding why cryptocurrencies matter and what blockchain technology could mean for both the present and the future. ...more
Jon Tyler
Nov 14, 2017 rated it really liked it  ·  review of another edition
Not a technical book at all, this is an excellent review of the social and political ramifications of this new technology.
Warren Mcpherson
Dec 23, 2015 rated it really liked it
Shelves: ideas, bookchain
Perhaps the best general introduction to bitcoin there is at the moment. It looks at salient aspects of the financial system along with the social and business aspects of the bitcoin economy.

There is a remarkably diverse set of interests involved in bitcoin and other cryptocurrencies. This book does a great job of running through the formative ideas that have driven the interest and development of Bitcoin.
It starts with a discussion of money and the shared belief that is required to give a curre
...more
Monty Mitra
Dec 27, 2016 rated it it was ok
2.5 stars
Some of the content in the book is interesting but overall, I actually found it a bit boring. I was also surprised by the bias of the authors. I don't mean that as negatively as it sounds but my understanding is that this book is written by journalists so I was expecting something a bit more objective but the tone of the book is by authors who seem pretty all in on bitcoin and they sometimes criticize those who are still skeptical. In general, I found the book selective in breadth and o
...more
Nilesh
A balanced and thoughtful book.

The author, to start with, is not a crypto-fanatic. He does not cover the topic chronologically, another positive. Rather, he looks at various themes surrounding the concept and analyze the developments.

The book starts with a quick, even if highly simplified, summary of the roles of money. This allows him to nicely highlight the fundamental positives of bitcoin including its decentralized nature, the authorities' inability to debase the value over time whimsically,
...more
Gumble's Yard - Golden Reviewer
Good if nor brilliant book on the history, present developments and possible future paths of both Bitcoin the currency and what the authors distinguish as Bitcoin the technology (i.e. Blockchain).

The book starts with a brief discussion of the history of money including the debate between those who argue for a commodity backed currency (metallists and most commonly gold enthusiasts) and those who see it more as a token (and politically tend towards Kenyesian views).

It then traces the genesis of
...more
Edward
Dec 30, 2017 rated it really liked it  ·  review of another edition
Shelves: 2017-books
The "Age of Cryptocurrency" provides a great introduction of bitcoin, tracing from its ideological and technical roots and discussing its impact to the financial world and the future of money. The authors provide an interesting narrative of bitcoin, from how it started (which happens during the banking crisis in 2008 when the trust in the banking system was low) as a proof-of-concept of a decentralized, irrefutable digital currency in a trustless environment, and gained momentum in the few years ...more
Douglas Summers-Stay
Jun 11, 2017 rated it really liked it
Shelves: non-fiction
My brother is working for a cryptocurrency startup, but I felt like I didn't really understand what a cryptocurrency was or why it was useful. I realized something I had been missing about bitcoin: no one thinks that bitcoins are, in and of themselves, valuable. It is simply that they trust the whole bitcoin system will hold the value they put into it long enough to take it out again later with about the same or maybe more value. Demand for limited supply and speculation push the price up, but i ...more
Josh
Jan 09, 2018 rated it really liked it
This was a solid book on bitcoin and the blockchain, mostly a non-technical view on how the technology came about, what the current and potential uses are, and some potential future outcomes in terms of penetration will be. This went slightly deeper than Digital Gold on the actual financial implications and overall capabilities of the blockchain, as it was less of a novel. However, of course there were some redundancies due to the same characters from early on in bitcoin's history appearing in b ...more
Clif
Apr 04, 2021 rated it it was amazing
This is a complete guide to cryptocurrency, in particular to the granddaddy of them all, Bitcoin. Because the subject is covered in all aspects and done with both enthusiasm and skepticism, it is the prefect tutorial and overview in an easy read. Five stars come easily. It was written in 2015 so it doesn't handle the wild rise of Bitcoin in value since that time.

The big question is whether cryptocurrency will become so common as to live up to the dream of its founders, the "cypherpunks," by repl
...more
Jim Lavis
Jun 18, 2016 rated it really liked it
Why is this not in the news? It’s life changing.

I found this book to be very thorough and it addresses the history, the challenges, and possible future of cryptocurrencies and Blockchain technology. I was amazed to discover how many companies are currently accepting Bitcoins as payment in today’s market.

This service has the potential of dramatically cutting costs and building efficiencies that society as a whole will benefit from, but it’s also going to be a disruptive change and will eliminat
...more
Zihad Azad
Jan 01, 2018 rated it really liked it
This book can be a great starting point if you have a rudimentary understanding of money. However, one still can enjoy the latter chapters of this book where the ins and outs of the bitcoin ecosystem have been fleshed out for the everyday reader. But without an inkling of monetary theory, it would be tough for anyone to grasp how bitcoin, with its limited supply and mob-ascribed value, can upend the traditional nation-state issued fiat currencies.
The thing is that Bitcoin is many things. It's a
...more
Phil
Feb 22, 2018 rated it really liked it
A solid introduction to the history and benefits of cryptocurrency as well as the underlying blockchain technology. Best for those wanting to take their knowledge of these subjects up from “just a little” to “a little better” understanding. While some of the concepts provided were a bit challenging for this liberal arts major to wrap his head around, I couldn’t help but think back my initial inability in the 1990s to grasp the relevance and importance of “email” and the “world wide web” of thing ...more
Jay
Jan 22, 2019 rated it liked it  ·  review of another edition
Shelves: business, audiobook
A history of money begins this book on cryptocurrency. Following the history (and interesting philosophy discussion about the meaning of value), the book drills into the history of cryptocurrency and the use of blockchain technology to track its use. The author takes what could be a technical subject and gives just enough description to help non-technical readers understand what is going on when they hear these terms. The book provides a lot of recent history on cryptocurrency, including magazin ...more
Mike
Apr 25, 2015 rated it really liked it
While I would dispute certain of the Vigna's individual ideas, and while no one can come close to knowing what impact Bitcoin, blockchain technology, etc., will have in the future, The Age of Cryptocurrency was surprisingly reasonable for a book on a topic that draws so much ridiculous commentary. Vigna has an optimistic but not zealously religious view of the subject. The book points out the possibilities, ranging from the most plausible to the most pie-in-the-sky, and the challenges that crypt ...more
Arthur Kosten
Jun 29, 2017 rated it really liked it
Shelves: technology
Interesting book to learn about the history and background of bitcoin and blockchain technologies. I think there are two parts in the book. The first part on the origins of bitcoin & blockchain, adoption, struggles, innovation is very informative. Seeing how adoption, trust, hype and fear develop as a series of major events, some inside the bitcoin community (eg mtGox failure) or in the wider world (eg greek crises) helps to understand the current state of affairs.

Somewhere in the second half o
...more
GONZA
Nov 05, 2014 rated it liked it
The book is well written, but some of the strictly economic and legal aspects have been particularly difficult for me to understand. However, the future of Bitcoin is still completely open and it will be interesting to see how it all turns out.

Il libro é ben scritto, ma alcuni dei passaggi strettamente economici e giuridici sono stati per me particolarmente difficili da capire. Comunque il futuro del Bitcoin é ancora completamente aperto e sará interessante per tutti vedere come andrá a finire.

T
...more
Tim
Aug 15, 2015 rated it really liked it
A reasonable overview of the history of cryptocurrency and its importance. Before reading this book, Bitcoin was just another buzzword in the tech industry that I didn't pay a lot of attention too. After finishing this book, I feel like I have a better grasp of what the movement is trying to achieve and how it works as a currency.
...more
Conrad Mason
Jan 27, 2018 rated it really liked it
Essentially the history of Bitcoin and the blockchain. A great explanation of the early days of the mysterious creator of bitcoin, Satoshi Nakamoto, and some guesses as to who it night be. The book goes on to talk about the scandal of the silk road, the rise and fall of mtgox and the various ways in which bitcoin and cryptocurrencies can we used in the real world.
deleted d
Mar 23, 2015 rated it liked it
basic explanation about bitcoin, not much more though.

Very interesting technology, I think it'll be incredibly useful in the future, although I have a hard time how people will protect it from hackers and misuse.
...more
Kelly
Apr 22, 2018 rated it really liked it
3.5 - Good overview of the beginning of Bitcoin, I think this book provides a base to understand crptocurrencies, the philosophies behind them, and the changes seen in cryptocurrency-supportive communities. I was not crazy about the writing style after about 150 pages.
« previous 1 3 4 5 6 7 8 next »

Readers also enjoyed

  • Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
  • Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond
  • Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World
  • Mastering Bitcoin: Unlocking Digital Cryptocurrencies
  • The Truth Machine: The Blockchain and the Future of Everything
  • The Internet of Money Volume Two
  • The Bitcoin Standard: The Decentralized Alternative to Central Banking
  • Life After Google: The Fall of Big Data and the Rise of the Blockchain Economy
  • The Internet of Money
  • The Basics of Bitcoins and Blockchains: An Introduction to Cryptocurrencies and the Technology that Powers Them
  • Bitcoin Billionaires: A True Story of Genius, Betrayal, and Redemption
  • The Infinite Machine: How an Army of Crypto-hackers Is Building the Next Internet with Ethereum
  • Blockchain Basics: A Non-Technical Introduction in 25 Steps
  • The Internet of Money Volume Three: A Collection of Talks by Andreas M. Antonopoulos
  • Cryptocurrency Investing For Dummies
  • Kings of Crypto: One Startup's Quest to Take Cryptocurrency Out of Silicon Valley and Onto Wall Street
  • The Book of Satoshi: The Collected Writings of Bitcoin Creator Satoshi Nakamoto
  • Blockchain: Ultimate guide to understanding blockchain, bitcoin, cryptocurrencies, smart contracts and the future of money.
See similar books…

Goodreads is hiring!

If you like books and love to build cool products, we may be looking for you.
Learn more »
See top shelves…

Related Articles

You’d never know it from reading the books listed here, but good science writing is incredibly difficult to pull off. There is both an art...
127 likes · 9 comments
“gold is valuable as a currency or investment because we believe it is valuable (which is the same reason for valuing money itself). Gold’s value as currency is an abstract social construct.” 1 likes
“Bitcoin is just six years old. It has gone from what was ostensibly one lonely coder’s pet project to a global phenomenon that has sparked the imagination and activism of libertarians, anticorporatists, crypto-anarchists, utopians, entrepreneurs, and VCs. Bitcoin has gone from being essentially worthless to dearly valuable, only to crash and rise again, a wild trading pattern that has few analogues in capital markets. It’s certainly gone from nowhere to somewhere, and where it goes from here may be as messy and chaotic as where it’s been.” 1 likes
More quotes…