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The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order (2015)

von Paul Vigna, Michael J. Casey

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"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 Paul Vigna and Michael J. Casey deliver the definitive answer to this question. Cybermoney is poised to launch a revolution, one that could reinvent traditional financial and social structures while bringing the world's billions of "unbanked" individuals into a new global economy. Cryptocurrency holds the promise of a financial system without a middleman, one owned by the people who use it and one safeguarded from the devastation of a 2008-type crash. But bitcoin, the most famous of the cybermonies, carries a reputation for instability, wild fluctuation, and illicit business; some fear it has the power to eliminate jobs and to upend the concept of a nation-state. It implies, above all, monumental and wide-reaching change--for better and for worse. But it is here to stay, and you ignore it at your peril.Vigna and Casey demystify cryptocurrency--its origins, its function, and what you need to know to navigate a cyber-economy. The digital currency world will look very different from the paper currency world; The Age of Cryptocurrency will teach you how to be ready"--… (mehr)
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Ok, so I did not finish this one -- but what I read was interesting, in its attempt to explain the establishment of an alternative currency system that is independent from the current power structure of banks. Bitcoin and block chains make a little more sense to me now, and the concept that this digital money can be made available to people who traditionally do not have access to banks and thus to traditional money is quite interesting.
( )
  WiebkeK | Jan 21, 2021 |
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) ( )
  octal | Jan 1, 2021 |
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 cryptocurrencies. They are beginning to offer a genuine alternative to regular currencies, allowing people without access to credit and banks a way into global finance. This new money is a peer-to-peer type verified by technologies such as the blockchain and encryption allowing the bypassing of regular money channels. It is not subject to regular laws either, it was extensively used on the Silk Road website for illegal transactions and has gained some notoriety, however it is democratic and anyone can mine the coins to spend how they choose.

It is an interesting book about a new form of cash and whilst the authors do their best to explain it in simple and straightforward terms, it is at time very technical and complex. It is worth reading though, especially if you have an interest in technology or finance; but be prepared to be baffled at times. ( )
  PDCRead | Apr 6, 2020 |

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AutorennameRolleArt des AutorsWerk?Status
Paul VignaHauptautoralle Ausgabenberechnet
Casey, Michael J.Hauptautoralle Ausgabenbestätigt
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"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 Paul Vigna and Michael J. Casey deliver the definitive answer to this question. Cybermoney is poised to launch a revolution, one that could reinvent traditional financial and social structures while bringing the world's billions of "unbanked" individuals into a new global economy. Cryptocurrency holds the promise of a financial system without a middleman, one owned by the people who use it and one safeguarded from the devastation of a 2008-type crash. But bitcoin, the most famous of the cybermonies, carries a reputation for instability, wild fluctuation, and illicit business; some fear it has the power to eliminate jobs and to upend the concept of a nation-state. It implies, above all, monumental and wide-reaching change--for better and for worse. But it is here to stay, and you ignore it at your peril.Vigna and Casey demystify cryptocurrency--its origins, its function, and what you need to know to navigate a cyber-economy. The digital currency world will look very different from the paper currency world; The Age of Cryptocurrency will teach you how to be ready"--

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332.4Social sciences Economics Finance Money

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