Pick Up The Bitcoin Big Bang: How Alternative Currencies Are About To Change The World Illustrated By Brian Kelly Distributed In Digital Version
one thing thats missing, but that will soon be developed, is a reliable ecash, a method whereby on the Internet you can transfer funds from A to B without A knowing B or B knowing A” Milton Friedman, Nobel Laureate and Economist,
Friedmans prophetic statement is one which history has rendered true through the advent of bitcoin and its crypto siblings.
Kellys book strikes a nice balance of beginner to advanced content on this very polarising global phenomenon.
For those whose contention is this digital asset class holds no value, let me leave you with these immortal words.
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“All money is a matter of belief” Adam Smith Struggled to get through, didn't set itself apart from other standard bitcoin/crypto titles Helpful if you're new to BTC and blockchain! I recommend this book for everyone who is interested in getting into cryptocurrencies.
I would skip the book if you have a good understanding of blockchain, bitcoin or crypto's in general.
It does not go in depth enough to be valuable,
Bitcoin started out having many different names, It is a scam, fad, schema, Tulipmania,and many others. This book is here to debunk these terms, It is here to explain to the reader what bitcoin and the crypto revolution has to offer,
A personal journey
The book starts rather light by going back into time with Brian the author to the early days of bitcoin.
Its a story on how he got himself involved in the bitcoin world,
Later it delves deeper into the fundamental problems that are solved by using blockchain technology,
I must give credit to the author to explain these complex topics with fun and understandable examples.
Bitcoin or Crypto
I had the feeling the author misused bitcoin in some cases that instead he should use the term blockchain or cryptocurrency.
In hindsight, this is on purpose because somewhere halfway the book other cryptos like Litecoin are introduced.
An interesting way to introduce the concept without overwhelming the reader in the beginning,
If you are quite knowledgeable about the topic don't freak out if you have these same misconceptions.
Knowing that the book was written inmany terms were different as of today,
Nautuliscoin
Skip this chapter, somewhere halfway the book, Brian introduces you to a different cryptocurrency called Nautuliscoin.
To be honest, when I read it I never heard of it before,
So it was not so a good idea of the author to use this coin as an example.
He would have done a lot better if he stuck with using bitcoin throughout the book,
There was somewhat an interesting part of this chapter to see how he explained the way of thinking of creating a cryptocurrency.
The project went through many phases and possible changes, It was interesting to read it from a creators perspective to keep the project relevant in everchanging crypto space.
As mentioned before using bitcoin to tell this story would make this chapter more relevant as of today.
A good ending
The book does end strong with branching from bitcoin and introducing the different project on the blockchain like Ethereum.
It goes more in depth on how blockchain technology could change how the economic system works, It has the potential to be a social and economic revolution to bring human development to the next level.
Like it
I do have a more in depth review on my blog.
sitelinkReading Ocelot The Bitcoin Big Bang, It goes a bit more in depth in the content as well as personal opinions about crypto, Warning!!! Once you read this book you will fully introduce yourself in cryptocurrencies and your brain will start to think about them nonstop almost like a brain virus.
Also, you will invest every dime you have in crypto even if you work at burger king, But don't get me wrong this is a must for everyone that is serious about their future and an excellent book not only for first timers in the bitcoin community but overall great for anyone that is still trying to understand cryptocurrencies and the technology behind them.
Trader and CNBCTV "Fast Money" regular Brian Kelly brings muchneeded clarity of thought to the fascinating world of Bitcoin and other cryptocurrencies.
He writes with an easy, engaging style, whether he is explaining cryptography, blockchains, or monetary policy, His experimental foray into creating his own altcoin reminds me of the immersion journalism of A, J. Jacobs and only adds to his credibility and insight into this ascendant field, There is no substitute for firsthand experience,
Brian serves as a levelheaded and knowledgeable field guide to an exotic new world polarized by extreme opinions at both ends of the spectrum from headinthesand skepticism to wildeyed hype.
I'll admit I'm enamored with the possibilities for Bitcoin and its altcoin cousins, The more I learn about blockchain technology the more I can envision it impacting, if not significantly transforming, diverse swaths of our world, including real estate, banking, insurance, venture capital, gambling,
supply chains, internet of things, identity verification, and voting.
After finishing Bitcoin Big Bang, I was reminded of Amara's law, which says, "We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.
" That could well apply to the blockchain, In the long run, "check it on the blockchain" could be as common an expression as "google it.
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Whether you are considering investing in crypto or just want to stay current with the latest developments in finance and technology, Bitcoin Big Bang is the definitive guide to understanding the origins and potential of this emerging disruptive technology.
Pengantar yang mudah untuk memahami Bitcoin, juga Crypto amp Blockchain secara umum, Khas penulis Amrik, penulis juga menulisnya dengan penuh humor dan berdasarkan pengalaman sendiri, sehingga menarik untuk diikuti dari awal hingga akhir.
Elex Media cukup bagus dalam menerjemahkan buku ini, Saya cukup terhibur dan banyak dapat wawasan ketika selesai membacanya, Starting point for those who are not familiar with bitcoin, Few points are repetitive. Few concepts deserve much better explanation and few more details, Written by Brian Kelly a CNBC anchor and longtime currency/foreign exchange investor,
Kelly spends the entire book arguing that Bitcoin's main appeals to society are bigger than the actual currency itself.
Bitcoin represents a systematic change in our economy and our banking system in the western world, Bitcoin allows transactions to be unregulated and take place without a middleman a bank,
He continues to argue that through Blockchain technology, Alt, Currencies are establishing trust among unrelated parties over a network that can be trusted, That this technology can be a rebirth of capitalism and democracy, He states never before have we been able to have such faith in a system,
I would argue that Kelly is much to optimistic about Bitcoin and other Alt, coins. A long fight will occur before these changes will take place, And Bitcoin itself does have it's faults, Kelly only briefly points these cons out,
Overall, a great book for someone looking to learn the terms, and origins of Bitcoin, Not to stuffy of a read, and as long as you realize Kelly is a bit biased you'll be alright.
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