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Bitcoin: the Future of Money?

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3.89  ·  Rating details ·  490 ratings  ·  64 reviews
'Bitcoin is one of the most important innovations of our time – it will transform the way we do business. Dominic Frisby has written a great account. Read it and glimpse into the future'
—Sir Richard Branson

In 2008, while the world was busy panicking about the global financial crisis, a computer programmer called Satoshi Nakamoto posted a message on an out-of-the-way maili
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Paperback, 192 pages
Published November 1st 2014 by Unbound
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Paul
Oct 17, 2014 rated it it was amazing
Shelves: non-fiction
Excellent! Couldn't put it down. I enjoyed Life After the State as it reinforced much of what I'd come across in the writings of the Christian Reconstruction movement, the FEE and various libertarians basically that modern government is a scam and there is no need and actually it is dangerous to have big government encroach on every area of life. The more British oriented analysis really brought the message home as I was able to ask my dad about his early memories of Friendly Societies and other ...more
Mehrsa
Jul 29, 2019 rated it liked it
I am a glutton for punishment I guess. I have decided to read every bitcoin book out there. This one is pretty awful. Hey, Bitcoin is the enemy of the state--but also, it's going to be revolutionary and the reason we know is that the central bank might accept it one day! pick a lane.
John
Dec 21, 2014 rated it liked it
Probably more 3.5 to be fair. Marked down mainly because:

1) I'd have liked more on the technical workings of Bitcoin - this was covered very briefly in the first chapter.

2) The chapter speculating on the identity of Bitcoin's creator was of limited interested and I felt dragged a little.

Otherwise an interesting read.
Goktug Yilmaz
Jan 23, 2018 rated it liked it
Shelves: audio
Notes:
-Early adopters of new technologies are rewarded generously, specifically in fintech.
-A deflationary system of money means savers are rewarded rather than debtors – a paradigm shift in the way things work.
-A society that transparently taxes consumption rather than production means labour is rewarded rather than penalized.
-Cryptocurrencies enable paid content & micropayments at scale that hasn't been possible before
-Government and banks are screwing us over 10x more than we know.
-No one sh
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Bogdan Florin
Jan 13, 2018 rated it really liked it
Dominic is a good writer, the research is deep, the reading is easy. This book is practically elementary information about the topic, however an excellent start for the beginners. It reads like a thriller.

In the manuscript you will learn about the evolution of bitcoin, about its initial developers, the genius behind Satoshi, concrete applications of the cryptocurrency, besides the potential economic, political and social implications.

Read it! You will know more about something that is growing ev
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Dougal
Jan 09, 2016 rated it it was ok  ·  review of another edition
Shelves: 2016
I found this book very disappointing. Two out of the four glowing reviews in the 'product description' are not for this book, but for Dominic Frisby's seemingly better received book: Life After the State.

If you want a rather rambling journey through the characters involved in starting up cryptocurrencies, including a somewhat lengthy discourse on who the creater of Bitcoin was (or is!), then the book might be of some interest. If you really care who Satoshi Nakomoto is, and there is a complete a
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David Corvine
Nov 05, 2015 rated it really liked it
Although some of the technology is beyond me - I still don't know what a block chain is - I understand the political ramifications of money with government or borders. Many detractors of the anarchist philosophy question what the end product will look like. But anarchism is a process not a finality. It starts with the individual refusing to accept the right of centralized authority to control their lives. How an "Anarchist Utopia" will function at some point in the future is irrelevant. It seems ...more
Samyuktha jayaprakash
Sep 06, 2016 rated it it was amazing
I love how i learn from books. Dominic Frisby has written a very readable book on economcs technology and finance which has elements of mystery too. If you are a layperson (like me) who wants to know what Bitcoin is all about this book is perfect for u. It takes you on a fun ride , makes u aware of concepts. Heck u even learn stylometrics at one point :P
The author's views were lucidly present on an anarchic system. I felt the bad effects were glossed over a bit. Trafficking is a big problem and
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John Threadgill
Generally an OK intro to Bitcoin. Details where it came from and who it was developed by. No detail about how the blockchain works. A lot about who Satoshi Nakamoto (the person credited with inventing Bitcoin) could be.

A little dated now. It's 5 years old!

Overall it seems fairly accurate. Frisby is no computer expert tho'. Some development details are just wrong. He thinks GNU is an operating system!? .. I think he means GNU/Linux. I always thought of GNU as being the FSF project of free softwar
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Ian Williams
Dec 09, 2014 rated it really liked it
Wonderfull introduction to this brave new world of cryptocurrencies. Very reader friendly and gives a brief but imformative history in the creation of bitcoin. Gives tips on how to obtain bitcoins and how the blockchain technology will change the world.
Filip Miłoszewski
Aug 09, 2016 rated it really liked it
Excellent, light-weight introduction to bitcoin - concise, entertaining, explaining complicated subjects in plan English. I just wished that the author got a bit more technical on how blockchain works, just as he did while investigating Satoshi Nakamoto's identity.
Bryan
Nov 12, 2014 rated it really liked it
Shelves: computers
really good stuff in here
Marc Bchnr
May 31, 2019 rated it liked it
(3.5) Certainly an interesting book that does well in highlighting the immense potential that lies within bitcoin and block chain. It illustrates quite intuitively what change could be achieved by the underlying technology of block chain.

However, it seems Frisby is a bit blinded by his (understandable) admiration for bitcoin and block chain. So much so that there is a severe lack of critical thought in the book to an extent which is rather surprising if not disturbing. As an example, it is menti
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Adam
The book is pretty non-technical after the first few chapters - where you learn about the basics behind cryptocurrency* - and should serve as a good introduction, especially to people who prefer a more narrative approach. One thing that concerns me is that for an innovation that is supposed to correct many issues we have with non-crypto, centralised currencies, such as governments being able to wantonly devalue the currency or confiscate your funds from a bank, the fact that half of all bitcoin ...more
Kate Priest
Jul 17, 2017 rated it it was ok
I read this book and Blockchain Revolution because I wanted to understand a bit more about Bitcoin, cryptocurrency, and shared ledger technology. Both only gave about a chapter of information on those topics, with the remaining pages enthusing a radically unconvincing libertarian utopia. Nothing indicates that Bitcoin or Ethereum threaten the existence of banks. On the contrary, the kind of neurotic schisming that occurs in a free market has made both currencies extremely volatile (although not ...more
Isaac O'Connell
Aug 07, 2019 rated it it was amazing
This book was surprisingly thorough but managed to keep a good pace. The cover my lead some to think that it's just another chewing gum book trying to jump on the Bitcoin hype train, but never judge a book by its cover. As a cryptocurrency enthusiast myself I was still surprised at some of the things revealed in this book, such as the possible identity of the Bitcoin creator( Satoshi Nakamoto) and the hidden online communities where some of the most revolutionary ideas are being discussed. It wa ...more
Cullen Haynes
Jun 25, 2017 rated it it was amazing
In January 2009, an unknown named Satoshi Nakamoto, released the first bitcoin software and blockchain database to the unassuming world; Bitcoin Version 0.1 was born.

Since that time, Bitcoin has been heralded and repudiated in the public arena for the same intrinsic reasons; it's unregulated, open-source and finite in number - only 21 million exist. Frisby's book goes into great detail about Bitcoin's inception, it's place in the modern age, and where he sees cryptocurrency going. Many financier
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Jonathan
Sep 30, 2017 rated it really liked it  ·  review of another edition
Really enjoyed this book on an emerging technology that I am finding very interesting to explore.

The author does a good job of trying to explain what cryptocurrency is about and he also introduces economic history and principals to the layman without being boring. I found myself wanting to continually get back to the book to learn more.

But four stars as the chapter speculating who the creater of Bitcoin is went on a bit too much. I suspect the author had put the most amount of time and research
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Waseem
Mar 04, 2018 rated it it was ok
It started well with an interesting discussion about the beginnings of bitcoin and its defining events on its journey thus far...

...but quickly became less and less interesting when the author went on an EXTENSIVE discussion about the real possible identity of the bitcoin creator? ... why?!

...jeez shut up about it already - it was enough to make the last part of this book extremely boring and hard to complete making me switch off no matter how interesting the rare bit of useful info was covered
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Neil O'Brien
Mar 02, 2019 rated it it was amazing  ·  review of another edition
A very good introduction

This book is a great entry point for those who know little or nothing about Bitcoin. The author takes you on a well researched journey from how Bitcoin was born to speculating on its role in the future, explaining how it works in a style that almost anyone can understand. The real life sub plots to the Bitcoin story are truly amazing and I couldn't put this book down.
Filipe Machado de Araujo
I liked this book, but not as much as "Life After The State | why we don't need government". I expected this book to delve into the topic of money, which the author approached magnificently in the "Life After the State", but it really didn't, at least not that much, taking many pages in the pursuit of Satoshi Nakamoto. Nevertheless, it was worthwhile reading, because this investigation tells us a lot about the profile of Nakamoto.
Eimantas Zemaitis
Feb 04, 2019 rated it really liked it
Great storytelling! It was a pleasant surprise as I expected nothing and devoured it in no time.

Bitcoin and DLT technologies will gradually impact everything from money, marketing, media, music, organizations, and many other things we can't even conceive yet. Though it is not a panacea, it is the most significant structural P2P revolution of our times. What a time to be alive!

This book goes behind the technology and presents well-founded ideas on who is Satoshi Nakamoto, behind-the-scenes of th
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Maria Vittoria
Aug 04, 2018 rated it it was amazing
Very nice read. Do not expect the book to go over the technical aspects of bitcoin - it rather explores the social and economic implications of the phenomenon. Still, it explains in a very linear and clear way the history and the nature of the most famous cryptocurrency.

Also, the book is from 2014 so you would probably enjoy it more if you’re informed about the developments of the last few years.

To conclude, I would recommend it to anyone who wants to get started with bitcoin. If you’re alread
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Andrew McGee
Jul 26, 2018 rated it really liked it
This started out as a really great beginners guide to explaining bitcoin and how it could change the world. Somewhere in the middle this thing took a nosedive. Half the book was the author explaining his exhaustive detective work in his search for Satoshi Nakamoto. This did nothing to further explain or answer the title question, "bitcoin: the future of money?"

In short, this could have been half as long and twice as good.
Libby Andrews
Jun 24, 2017 rated it it was amazing
This book is a real and credible eye opener. I decided to read it because Bitcoins value had risen to that of gold and I wanted to understand what all the fuss was about. The air of mystery around Bitcoins creator adds to the enjoyment. I would have liked to learn more about the best walkets and where to trade, however I have learnt enough to know that cryptocurrencies are the future of mobey
Stoppers Jay
Mar 04, 2018 rated it really liked it
Very interesting and well structured introduction that has stood the test of time amazingly considering the speed at which the cryptocurrency space changes. Last star withheld only because one section of the book is a little lengthy (no spoilers from me).
Ivo Fernandes
Jun 18, 2017 rated it really liked it
Shelves: finance, tech, blockchain
It's not a very tech focused book, a bit boring, I was really annoyed in the chapter where he tries to guess who is satoshi nakamoto...

But he was talking about bitcoin, and so, the book is great LOL
Mr. D
Feb 08, 2020 rated it it was amazing
Really well written book. Easy to get involved with and doesn't have technical garbage which is what worried me. Once started reading couldn't stop. Went into great detail about crypto from the start to where he thinks it's going.
Miss J Woodward
Nov 02, 2018 rated it it was amazing  ·  review of another edition
Interesting and easy to digest

Although digital currencies can be very confusing to someone outside the world of finance, this book was written in a way that was easy to understand and remained enjoyable.
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Dominic Frisby is a comedian from London.

But his first book, Life After The State, has nothing to do with comedy. It is a deadly serious dismantling of the way societies are run in the west, outlining the damage governments unknowingly do to their people, with simple suggestions about how things can be vastly improved.

Dominic writes an investment column for MoneyWeek and has written and produced
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Need another excuse to treat yourself to a new book this week? We've got you covered with the buzziest new releases of the day. To create our l...
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“Why would you want YouTube, Facebook or Netflix running in a decentralized way with no central body in charge? It eliminates the problem of excessive personal information on Facebook, or your YouTube viewing habits being monitored and marketed to.” 2 likes
“A coder and independent security researcher named Sergio Lerner conducted a detailed analysis of the block chain at the time Satoshi was still mining. He concluded that Satoshi had mined at least one million bitcoins – more precisely 1,148,800. Lerner felt that if any of these coins had been spent, it would not be difficult to work out Satoshi’s identity – the recipient of the coins would know, unless the sender had sent the coins anonymously. But it appears that none of them were ever spent.” 2 likes
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