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Summary

In 2008, while the world was busy panicking about the global financial crisis, a computer programmer going by the name of Satoshi Nakamoto posted a message on an out-of-the-way mailing list. 'I've been working on a new electronic cash system,' he said. Nobody seemed to care. ‘It might make sense to get some just in case it catches on,’ he suggested. 

How right he was. What he had programmed would become the world’s most famous alternative currency – Bitcoin. It would catch the zeitgeist in a way only two people foresaw. A cult of devotees was inspired – economists, anarchists, speculators, computer coders, libertarians, criminals, entrepreneurs. Early adopters would become multi-millionaires.

Now the suggestion is that Bitcoin will do to banking and finance what email did to the postal service and what the internet did to publishing: destroy old monopolies, creating new opportunities for the masses. Some even suggest that the technology behind Bitcoin – known as the block chain – will reform our Western systems of democracy, giving us the revolution so many are clamouring for.

In this gripping book, Dominic Frisby tells the amazing story of Bitcoin. He solves the mystery surrounding the identity of Bitcoin’s secretive creator. He shows how Bitcoin is going to change the world. And, perhaps most of all, he does something nobody else has hitherto been able to do: he explains in layman’s language how the bally thing works.

©2014 Unbound (P)2014 Unbound

Critic 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)
"The book’s outstanding, but the story it tells is even better." (Matt Ridley, The Times)
"In this highly readable yet technically accomplished book, Dominic Frisby makes crypto currencies crystal clear. Read it, or fail to understand possibly the most important financial innovation of our time." (Liam Halligan, Sunday Telegraph)
"Despite having an MSc in Computer Science and spending over ten years studying monetary theory, I ignored Bitcoin as hype for too long. You shouldn’t. Read Dominic’s thrilling book and discover the next big thing." (Steve Baker, MP)

What listeners say about Bitcoin

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    3 out of 5 stars

decent not more

last 3 chapters are devoted to altcoin promotion. the book focuses on presenting the rather insane narrative of "blockchain not bitcoin". the history of the cyberpunks was interesting though.

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  • MR
  • 28-01-15

More speaking tour than a book

disappointed. not enough depth around the impact of the tech. would have been better as an 1 hr presentation than an entire book.

4 people found this helpful

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Easy to understand, yet technically spot on

very.good explanation of everything you need to consider about bitcoin. Easy for the non technical. But as a programmer it was still all I needed to understand the issues.

1 person found this helpful

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Decent overview

A decent examination into the technical aspects of what makes Bitcoin and the pioneering prospects of the currency. The book excels in some of the investigative journalism into cypherpunk subculture, and contains many decent insights into Economics, predominantly of the Austrian variety.
In many respects, Bitoin succeeds on various fronts, being an impressive work of investigative journalism along with some keen economical insights.
The only flaw is that the section on who is Satoshi Nakamoto becomes overly long and drawn out at times, but otherwise a very good book.
Additionally, the author himself provides excellent narration, the best narrators are always the authors themselves.

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very informative and extremely easy to follow 100%

I was clueless now I understand and want to dip my toe into crypto thank you

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never too late

well done Mr frisby. despite being from 2014 this is still a great book. need to give to my dad as there are some basic concepts you explained very well. thanks.

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An excellent introduction to Bitcoin

This book is a few years old now, but it stands up very well, I think, as an excellent introduction to Bitcoin for those with no knowledge of it.

The book also benefits from getting to the point and is not padded out with unnecessary detail.

I recommend it.

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Great book re the history of bitcoin.

Very good book to present the state of bitcoin and crypto at the time it was written. Nowadays things have progressed much, so the space looks much different. Would recommend it for a historic perspective, but it would not bring one up to date with what is happening now, you would need to read much more to catch up ;).

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The perfect introduction to Crypto Currencies!

I don’t usually take the time to leave reviews of purchases, but with how much I liked listening to this audio book I’m making a exception.

I knew very little about the subject matter and it was recommended to me by my brother. As Domonic has written the book for all ages to understand. It delves into the history of Bitcoin and Crypto Currencies and has sent me on a journey down a wonderful liberating rabbit whole.

I was written in 2014. So it would be great if Mr Frisby wrote a follow up book to complement this work.

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A great insight

A very easy listen. It is a great insight into Bitcoin and the world of crypto.
If you are new to it all and need a bit of clarity, then definately worth a listen.

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  • Kahla
  • 21-05-21

Excellent!

Loved this book. I now have a better understanding of digital currency. I know how to start.

1 person found this helpful

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  • W. Andrews
  • 25-10-15

Life Changing

Thank you for this book. It is life changing! The book is very clear and succinct.

1 person found this helpful

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  • SN
  • 01-05-21

Become an expert in Bitcoin

I had no idea this book was released a long time ago. 2014. A lot has happened since then. The author who is also the narrator does a good job writing about the history and philosophy on this topic. He has humor throughout the book, it's subtle but that's British humor unlike us crude slapstick humorful Americans. Surprisingly I was able to understand him even at 1.3X or higher playback speeds. Prob due to watching so many movies played by British actors and songs sung by many British singers. This is a MUST read book for all digital currency, cybercurrency, cryptocurrency, bitcoin, etc coin aficionado. It has intrigue, Satoshi, It has suspense, "Empty Gox", it has humor, "First chapter is the hardest congrats you passed", It has romance... naaaah. I must admit I'm already 90 minutes thru and couldn't put down this book! The only reason I'm writing is because my net was down. I'm using the cloud player which only "streams". If you are afraid of periodic disconnects I suggest downloading. Who knows Big Tech may pull this book from market at any time. Censorship! Satoshi eerily predicted the powers of Centralization and Big Tech and their censoring and silencing anyone. This is one reason he "disappeared", he didn't wanna be like Julian Assange or Bradley Manning. He didn't want being accused of something that he didn't do. The CIA could have brainwashed him and use him as a robot to insert code or destroy bitcoin. Anyways, stay tuned for an updated review.

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  • Tracy Weeber
  • 26-02-21

helpful

I think I understand the bit coin system much better and that was what I wanted.

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  • John Hammon
  • 13-02-21

a gift to the rest of us

I loved it. Dominic is a gifted writer, narrator, storyteller. listening to his book s is not only painless but actually enjoyable. gone straight through two books

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  • Deon Takpuie
  • 15-06-19

Outstanding

Bitcoin, its history, and the history of money, and economics to an extent, explained in layman terms to position any investor with a sound foundation into Bitcoin, what it is, and what it could become if the trust against traditional institutions continue to erode like they have, and if bankers continue to move away from real money (gold and silver as defined in the very US Constitution) they way they currently do.
Bitcoin was established in the last financial crash, and it proves to be an alternative for the people who have time and time again been lied to, and have placed their trust and hopes in people, who have taken advantage of that trust and power. It is now time for people to have control over their assets once again, and making a lasting impact that cannot be taken away by any government, person or institution.

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  • Csaba Baczó
  • 28-03-18

Nice book to listen.

I really enjoyed the stories. it's also very good to listen to the teller. Very recommended

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  • Russell Johnson
  • 14-03-16

A Comprehensive Overview

Well researched and explained you will not be disappointed, objective accomplished . A meaningful overview. Russell