Listen free for 30 days

Listen with a free trial

One credit a month, good for any title to download and keep.
Unlimited listening to the Plus Catalogue - thousands of select Audible Originals, podcasts and audiobooks.
Exclusive member-only deals.
No commitment - cancel anytime.
Buy Now for £18.29

Buy Now for £18.29

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Summary

If you are serious about understanding Bitcoin and why it is creating a monetary revolution, this is where you need to start. For the past decade prominent economists, media outlets, and financiers have dismissed Bitcoin while it has grown exponentially - a phenomenon strikingly similar to the beginning of the internet. Controversy always accompanies transformational technologies.

To understand Bitcoin, you first need the answers to questions such as: 

  • What does it mean when people say money needs to be “backed” by something?
  • Why do we need to tax if we can just print money?
  • Why do financial institutions always get bailed out?
  • Why have education, healthcare, and rent become so expensive?
  • Why is wealth inequality continually getting worse despite government spending more on social programs?

Bitcoin is the alternative to our current financial system, which benefits few at the cost of many. To understand why Bitcoin is the answer, you need to know how this revolutionary technology works. This book explains it at a technical level in precise yet simple language. Buy this book, and be on the right side of history.

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.

©2021 Eric Yakes (P)2022 Eric Yakes

More from the same

What listeners say about The 7th Property

Average customer ratings
Overall
  • 5 out of 5 stars
  • 5 Stars
    7
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Performance
  • 5 out of 5 stars
  • 5 Stars
    6
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0
Story
  • 5 out of 5 stars
  • 5 Stars
    5
  • 4 Stars
    1
  • 3 Stars
    0
  • 2 Stars
    0
  • 1 Stars
    0

Reviews - Please select the tabs below to change the source of reviews.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

Loved it!

Logically structured, and In bite size chunks. I'm pretty thick when it comes to understanding economic/financial concepts and their jargon but this book breaks it down in a way that's simple to understand. This is my favourite book highlighting the importance of Bitcoin.

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars

THIS IS AS GOOD AS THE BITCOIN STANDARD!

I found this book at par with The Bitcoin Standard, if not a little better. It goes deeper on some technical sides of Bitcoin. I thoroughly enjoyed the introduction of this new 7th property to explain the immutability of Bitcoin. Amazing book Eric.

Sort by:
Filter by:
  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for M Davenport
  • M Davenport
  • 21-03-22

Excellent book that dives deep, but not too deep!

Such an incredible book. There's so much to understand about Bitcoin and most of it is extremely complex. But this book really kept it within reach for the average reader and precoiner. I'll be recommending this book often!

  • Overall
    5 out of 5 stars
  • Performance
    5 out of 5 stars
  • Story
    5 out of 5 stars
Profile Image for Heath K McCullough
  • Heath K McCullough
  • 24-02-22

Better than 5*

Amazing listen. Concise but thorough history of money and its properties, the history of banking including an in-depth look at fractional reserve banking and explains in detail how the government and fed ‘prints money’ and expand or contract credit.

That is just the primer before they even get into bitcoin and when they do they do the best job I’ve heard yet of explaining finite field math, elliptical curve cryptography, public private keys, block chain construction, pretty much everything you need to know to really understand bitcoin.

This is a must read if you have or plan on investing in bitcoin. Also a great book to share with anyone you want to orange pill. Kudos, Mr. Yakes. Bravo.