• Proof of Money: The Big Idea Behind Bitcoin

  • What You Don’t Know about Why You Need It
  • By: Terence Michael
  • Narrated by: Terence Michael
  • Length: 7 hrs and 37 mins
  • 5.0 out of 5 stars (15 ratings)

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Proof of Money: The Big Idea Behind Bitcoin  By  cover art

Proof of Money: The Big Idea Behind Bitcoin

By: Terence Michael
Narrated by: Terence Michael
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Publisher's summary

Bitcoin can grow and secure your wealth for generations.

But the key is knowing how, why, and when.

Get ready to challenge what you think you know about money.

Bitcoin is a better all-in-one investment:

  • No monetary debasement
  • No intermediaries, brokers, managers
  • No rehypothecation
  • Full bearer asset you hold
  • No need to financialize things you don't care about

Bitcoin is better than stocks and bonds:

  • No centralization
  • No counterparty risk
  • No VIP, IPO, or insider privilege
  • No CEO or executive decisions

Bitcoin digitizes gold:

  • Makes it portable, divisible, verifiable, frictionless

Bitcoin is the "internet of money":

  • 24/7 access, decentralized, permission-less, lightning fast

Bitcoin demonetizes income real estate:

  • No maintenance, deterioration, property taxes, tenants, liens
  • Liquid, fractional, instant, mobile
  • Absolute scarcity and sovereign rights for anyone

Bitcoin revolutionizes money technology:

  • Auditable, immutable, transparent, open-source
  • Unhackable ledger of value secured by energy

Bitcoin improves the environment:

  • Stabilizes electric grids
  • Emits zero carbon emissions
  • Removes methane and CO2 from others
  • Consumes less than 0.1 percent of global energy
  • Relies solely on wasted, discarded, stranded, renewable energy

Bitcoin is freedom for eight billion people:

  • For the unbanked, oppressed, disenfranchised
  • Sees no borders, race, religion, politics, sex, or status
  • Equality of opportunity and value for all

Bitcoin is a separation of money from the state:

  • Free from confiscation, sanction, manipulation, censorship
  • Supports independence, activism, or privacy
  • Accountable only to the holder, a bank of the brain

The secret to unlocking Bitcoin is understanding its principles and properties.

Whether you're a seasoned investor or a curious newcomer, this book will transform your relationship with money (and help you gain more of it).

©2023 Terence Michael (P)2023 Terence Michael

What listeners say about Proof of Money: The Big Idea Behind Bitcoin

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Brings many concepts together nicely

This book was really enjoyable to listen to. The author does a fantastic job explaining in simple terms some very complex ideas. It was educational, while still sounding conversational (even listening to it at 1.2x). I especially loved his take on the petrodollar. I have felt this way for years but haven't heard anybody else hit the nail on the head as was done here. There are so many Bitcoin books, and this is another one. I think that this one in particular would be one that I would recommend to a friend or family member to give them a fairly complete picture of the value of Bitcoin, without being overly technical or preachy.

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Great Book

Thanks Terence for wonderful book!!! Having been in the bitcoin space for 3 years now, I found this book to be very approachable and easy to follow. Most bitcoin books are overly technical and forget who the audience is (normies who are trying to learn about what Bitcoin is and what it does). Terence does an amazing job pulling the myriad of technical concepts that is Bitcoin into mini stories that most will be able to relate too. I highly recommend this book for Bitcoin interested and seasoned Bitcoin individuals, you will not need be disappointed.

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Best bitcoin book yet

Proof of money is one of the best bitcoin books I’ve ever read. It’s concise and allows you to get to know, not only the network of bitcoin, but the asset as well. It’s not overly technical and explains things so that anyone can understand, if given a chance. I will be recommending this book as the one to start one’s bitcoin journey.

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Synthesized

Proof of Money is a great bitcoin book for any level of Bitcoin understanding! The structure of the book is structured like a true textbook but reads like a story! If you know nothing about money or bitcoin I HIGHLY recommend it. If you already know something about the topic check out the table of contents, there will be something that interests you.

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Great information

Everything you need to or want to know about bitcoin is explained well and clearly in this book

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Amazing book on how bitcoin can free humanity

Great knowledge and wisdom on how bitcoin can change the entire world we know. Highly recommended for everyone interested to understand macro economy and bitcoin impact.

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Incredible

A book I can’t even find anything to argue about. Great read. Quit scrolling social media and spend 7 hours to give it a listen

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A must read

If you are curious about what’s going on with money, if you are curious about new money technology, if you are wondering what bitcoin is all about, or if even you think you hate bitcoin but would like to understand it a bit further, this is a must read. Concise, wide-ranging, and grounded in technology and the facts, this important book will leave you much more deeply informed .

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This was extremely educational on bitcoin and the monetary system

I would strongly recommend this book for anyone learning the case for bitcoin. The author breaks it down very nicely and gives many different cases. 5 stars

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Good Book

Never heard of the book before listening to the podcast Taking Care of Bitcoin. I've listened to almost all the Bitcoin audiobooks and this one is great. Consume the content.

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