Bitcoin: The Currency of the Future

By: Robert Keane

Narrated by: Mike Davis

Length: 1 hr and 14 mins

Publisher's summary

You have probably heard of Bitcoin. It has garnered a lot of attention lately, both among Bitcoin enthusiasts and in the mainstream media. There is a lot of hype surrounding Bitcoin. It has been featured in news and periodical articles, as well as television shows. It seems to be a buzzword that is quickly becoming embedded in popular culture. Many people have heard of it and know that it is a "virtual currency", but what does that mean? What is a virtual currency? What is Bitcoin even good for, and how can you use it?

Bitcoin is a virtual, peer-to-peer currency that is not regulated by any government. It does not exist in hard form, such as cash; rather than being minted by a treasury or other centralized regulating body, it is mined by programmers who solve complex mathematical and computational problems to release blocks of Bitcoins into the Bitcoin pool.

Because there is no centralized financial body regulating Bitcoin, its value is not set or predetermined by any one authority. Rather, it derives its value entirely from consumer demand for it. When more users buy and make transactions in Bitcoin, its value goes up. And consumer demand has been high: In less than a decade, its value has gone from less than a penny to thousands of dollars. Besides having a steadily increasing value, Bitcoin is safer than many other financial systems, because it is not subject to regulation or manipulation and because of its underlying system, the blockchain is inherently resistant to hacks and security breaches that plague other financial institutions.

Inside this book you will find:

• What is Bitcoin?
• History of Bitcoin
• Getting started
• Tips for investing in Bitcoin
• Choosing a Bitcoin wallet
• Getting your first Bitcoin
• Purchasing Bitcoins
• Mining
• Finding the current price of Bitcoin
• Historical price trends
• Sending and receiving Bitcoin
• Is Bitcoin secure?
• Gox and other data breaches
• What is Bitcoin mining?
• Mining and Bitcoin's security

If you are interested in learning more about the basics behind Bitcoin and how you can join the Bitcoin community to take advantage of this popular virtual currency, this book is for you. Without going into detail about the mechanics about how Bitcoin and its underlying technology - blockchain - work, it gives you the basic information that you need in order to get started with Bitcoin. It begins with a description of what Bitcoin is and its history from a side interest of the technophile community to being a mainstream global phenomenon. From there, it gives you basic, easily accessible information on how you can get started with Bitcoin, including how you can choose a Bitcoin wallet that best suits your needs and how you can get your first Bitcoin, plus much more.

©2017 Robert Keane (P)2017 Robert Keane

Deserve 5 stars

There are many examples and details in the book, which made it very precise and very informative.

An awesome book !

As a young mommy, sitting with my kid all days and nights at home, I had some free time and started to interest in the bitcoin world. The digital currencies are the new way of making money (passive income for me)!!! I think of an investment that will help me to be more financially independent. Bitcoin looks like an awesome opportunity. An awesome book.

I found this book very useful for myself

I found this book very useful for myself when I started to take deeper insights into cryprtocurrency and bitcoins theme.

Wonderful beginner's book.

Wonderful beginner's book. I couldn't have gotten a better book to help me understand bitcoining. It is very well explained.

I liked the non-technical language,

I liked the non-technical language, but I did expect a bit more conceptual knowledge of the underlying technologies. But it is a nice fast read.

Kudos to the author

I like how it was very easily explained, the basic knowledge could be fully understood. Good book for beginners to start.

Must listen to it.....

This is a nice and informative book about Bitcoin.
The tips and strategies are easy to implement.
It is well written so, it is easy to read and understand.

Helping guide

I guess bitcoin is an interesting financial tool now. And I appreciate that honest tips for investing like "only invest what you're willing to lose." .

Worth it

I like how this book discusses the importance of Bitcoin as well as how it works.
With the help of this book, I can assure that you can know the basics of Bitcoin and it will be a helpful guide especially to those beginners out there.

Great introduction to Bitcoin with enough details

Great introduction to Bitcoin with enough details and hyperlinks to describe what the future holds for banking. Highly recommend this to anyone wanting to get their feet wet with Bitcoin.