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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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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.

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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.

3 people found this helpful

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Both indepth and easy to read

Both indepth and easy to read, extremely well researched and informative. I am not SN

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Underwhelming

Parts of the book were interesting and it does give you a good understanding of what Bitcoin is but it also has a lot of parts where it gives me the impression that it's more of a tabloid than a book.

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Amazing, really interesting info

I have all this authors works, and enjoyed them all. This one was particularly interesting as I'm sort of delving into crypto, and while things have moved on alot, this book fills in the whys and hows. Highly recommended, wished it was a bit longer.

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A Must

If you are interested in Bitcoin, this book is a must. It covers the history of Bitcoin, tech, social impact and more. The narrator (who is the author of the book) is also top notch.

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Brilliant! & entertaining

if you want to learn about bitcoin, the history of its development & it's future this is a must.

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Excellent

A must read for anyone seeking to understand bitcoin. very easy to listen and simple to understand...and hillarious - great fun. ...enjoyed it.

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Great book to understand what is bitcoin

Reading it in 2020 its a bit outdated, but after reading it you look with a different view at bitcoin and blockchain.

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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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    5 out of 5 stars
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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