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> You're suggesting that to reach people who don't know about Bitcoin he should sell on a platform that requires they already know about Bitcoin. All rightyo.
What makes you think that? Hopefully nothing I've written? Please quote, so that I may correct. Actually fuckit, I'll explain it again:
He's advertising it here, on this Bitcoin sub, to us bitcoiners, with a promoted post pictured at the top of this thread. If you're using some perverted Opera thing that doesn't show pictures, open the thread in a browser like the kind grownups use. Clicking on the post leads you, the Bitcoin-savvy, not to OpenBazaar, a decentralized marketplace where the book may be purchased with bitcoins, but straight to Amazon, here, where the book is offered not for BTC, but only for filthy fiat.
Is this any clearer?
Everyone should read "The Internet of Money" by Andreas Antonopolous
"While many books explain the how of bitcoin, The Internet of Money delves into the why of bitcoin. Acclaimed information-security expert and author of Mastering Bitcoin, Andreas M. Antonopoulos examines and contextualizes the significance of bitcoin through a series of essays spanning the exhilarating maturation of this technology."
Amazon (Paper, Ebook)
If you install the Moon Chrome extension, you can buy the book from Amazon using bitcoin. Moon supports lightning as a payment method. Just install Moon and then click here.
Hi! I actually really appreciate your post. With limited information about what's going on your skepticism is completely reasonable. It seems like you have an open mind to understanding more about the tech (as opposed to some in this thread), so I'll give my perspective on why crypto/blockchain is important, where we are now, and where we're going.
People have difficulty understanding cryptocurrency because it is inherently a very difficult topic. The learning curve is steep! Imagine someone trying to explain the internet to you by going through how packets are converted from binary hardware signals to network signals, TCP/IP protocols, the relay of that info to your IP address, the conversion back to hardware signals and so on. It's hard to see the forest through the trees. Instead, it would be a lot easier if they could just show you Google, Amazon, and REDDIT.
The problem with cryptocurrency right now is that we're still at the stage of building the TCP/IP and base layer protocols type stuff. There is no Google, Amazon, or Reddit of cryptocurrencies (aka actual use cases for non crypto enthusiasts) yet because the infrastructure hasn't had time to mature. We're in early days. But the foundations of a new "internet of value" is being built right now. In the next 5-15 years (yeah it's a big range I know) you'll see real applications of this technology that will impact everyday life for people worldwide. By that time you may not even know you're using it.
I'm going to take a quick break from this larger framing to do some quick appeals to authority (a cheap tactic I know but hopefully good to at least getting your attention + prove the entire blockchain community isn't some big scam). The heavyweight venture capital tech investors are massively shifting funding and mindshare towards crypto. Examples: Marc Andreesson, Peter Thiel, Naval Ravikant, Fred Wilson, Albert Wenger. If you don't know these names they were the people investing early in Twitter, Facebook, Lyft, Github, Slack, AirBnb, Spacex, LinkedIn, Soundcloud, etc I mean basically every successful tech company you can think of. They are all-in on crypto. I try to pay attention to what these type of people say.
To your point:
> The point of conventional investing is supposed to be that something gets built, or invented, or designed, or cured, or fucking something. Profit taking, with no effort, is justified by willingness to risk one's own money in an effort that will in some way increase the overall wealth of society. No?
This is an absolutely crucial question. I think there's even a lot of cryptocurrency speculators who forget about this point. Is this all just about making money? For some people yes. But beyond the speculators there are many many people committed to this space who are genuinely building things that will make the world a better place. If you had to boil down the driving force behind the entire movement into one word it would be decentralization.
The push for decentralization has its roots in the cypherpunk movement, each person who dives into decentralization will view through their own political and moral perspective on it. But at it's core decentralization will change the way humans are fundamentally able to transact with one another by removing the need for a "trusted third party". These trusted third parties in the current financial system are usually something like a bank, which has built up a complex system of human beings who have to walk around in "meatspace" and do a lot of manual checking to make sure my transaction with someone across the world who I've never met before is legitimate and secure.
Cryptocurrencies replace that entire complex (and super duper costly -- think of all those human hours and resources used up to maintain that system. It's actually insanely massive if you stop to think about it) human system with a clever computer protocol that is able to create one of the most reliable and secure financial networks that exists in the world today. Blockchains themselves are seldom hacked, but the centralized systems interacting with them (exchanges etc) are vulnerable. This is the network of computers "mining" coins, which most have probably heard about (probably in the context of using lots of electricity). There is a lot of confusion about how this works because, again, its complicated.
These mining computers (nodes) are performing a sort of proofreading (validation) that all the transactions e.g. Alice sends coins to Bob, Bob sends coins to Carol, and so on, are legitimate. Every node follows a specific set of rules (protocol) to come to a collective agreement (consensus) about which transactions are valid and should be added to the end of a big shared append-only spreadsheet (public ledger, or blockchain). This consensus is the real beauty and innovation behind the entire crypto ecosystem.
Consensus is achieved through an emergent interaction between thousands of nodes in the distributed network all following a simple protocol. All nodes communicate to each other across an insecure network and all come to possess a copy of the same authoritative public ledger. This ongoing process reliably occurs due to mining nodes which are incentivized financially (through mining rewards) in a race to solve computationally difficult puzzles (proof of work), then following the rules of the protocol they generate a new block with only valid transactions (a list of which have previously been verified as having valid structure by all nodes on the network including non-mining nodes), earning the right to award themselves the mining reward for that block. As soon as a this mining computer solves this proof of work puzzle and generates a block it blasts out the answer to all the other nodes on the network as quickly as to make sure the network sees their block before any other miner finds an answer to the puzzle. The network verifies that the answer to the puzzle was correct, and then the race is immediately on again to find the next block and claim the reward. The network then selects the longest chain, i.e. the chain with the most puzzles solved, as the authoritative true blockchain. This means that in order to cheat the system and create a longer blockchain with your "bad" transactions slipped in you'd have to create blocks faster than the combined efforts of the entire rest of the network combined. Thus the power of the decentralized network defeats any individual bad actor in the system, and in the end everyone just ends up better off following the rules and getting the reward.
If that made any sense to you please please please read more.
You can (and have to) black box lots of the details of some of the tremendous mathematical and technical breakthroughs like the public-key cryptographic architecture; which allows individuals to have a private key which allows them and only them to move funds out of an account, while at the same time giving out a public key which enables other individuals to move coins to them. There's Merkle Trees, cryptographic hash functions, zero knowledge proofs. There's now blockchains employing smart contracts, which enable blockchains to hold arbitrary complex programmatic logic that executes exactly as written. Needless to say, we stand on the shoulders of giants.
OK pulling way back out to the big picture. Blockchains will allow for networks of people who could never transaction previously to be able to efficiently transact in a trustless way without intermediaries. This actually creates HUGE amounts of value for society. In the same way AirBnB or Lyft is a matchmaking that allows people to transact who couldn't previously and create tons of previously untapped utility out of thin air, blockchain will do the same but for trustless financial transactions on a scale so much more grand it's difficult to comprehend. Give you an example you say? Well, I can't yet. We're still building the base "TCP/IP-like" layers right now and nobody knows what the killer applications built on top of these new platforms will be. Lets see what gets built on top of it.
Again -- REAL VALUE is being created and it is here to stay. There is an ~0% chance all of crypto goes belly up. This is not a ponzi scheme. This is not tulips. This is more like the dot-com bubble. There will be pets.coms and there will be Amazons.
This is just my perspective. There are a million ways to think about this exciting space. I hope if you made it this far that you'll continue learning more about the underlying technology. If you do invest, please make sure to understand what you're investing in and never risk more than you can afford to lose.
Read Internet of Money. It's about a fundamental as it gets.
Ah okay...well...normally i give this whole list to folks in the bitcoin beginners reddit but heres a few snippets :
This guy is REALLY good. From time to time he does stocks too:
Why every bit of bitcoin you buy, counts start at 1:40 :
This guy is really good too...he covers various cryptos :
What Bitcoin Haters Dont Want you to Know:
This dude is okay but his Bitcoin vids have you wanting to sell your soul for BTC lol :
Just how rare is bitcoin?
(Associated website used in example for video: https://news.livecoinwatch.com/bitcoin-each-human-alive-getem-cold/)
Whose buying up all the Bitcoin? (Scarcity):
Bitcoin Performance in its first decade :
Just how big is Bitcoin? (Scroll down the list until you see Bitcoin)
Big Dog Investors:
If you had spent your stimulus money all on Bitcoin, how much would you have today?
The Internet of Money is a good start :
"Andreas is a best-selling author, speaker, educator, and one of the world’s foremost bitcoin and open blockchain experts. In 2014, he wrote the one of the foundational books of the blockchain space, Mastering Bitcoin. He is also the author of The Internet of Money as well as his most recent book, Mastering Ethereum. He is widely respected in the blockchain space for not only his knowledge and ceaseless curiosity about decentralized technologies, but also for his extreme generosity in teaching others."
Your welcome. We are all beginners.
I strongly advice not to day trade. Unless you are a daytrader and have years in knowledge of how to do it. You will loose money. Better HODL. Buy and hold.
Books I recommend for beginners: The Internet of money 1&2 from Andreas Antonopolous and The Bitcoin Standard by Saifedean Ammous. The last one is from an economy professor and the first ones are great talks to understand what bitcoin is, and where its going.
I was in the same boat as you and read a number of books on the subject. Most of those book didn't have much proof and got redundant. It felt like the books were selling me on hypothetical scenarios about how blockchain could change the world instead of explaining how it is changing the world.
That all changed with "The Internet of Money: Talks by Andreas M. Antonopoulos". This book changed the way I look cryptocurrency. I definitely reccomend it.
If you're technically inclined and want to learn more about how crypto currencies work, "Mastering Bitcoin" is a good book too.
Both these books have open source versions that can be found on github:
Internet of money: https://github.com/erangadbw/IoMv1
Mastering Bitcoin: https://github.com/bitcoinbook/bitcoinbook
However if you would like the kindle/softcover version you'll need to purchase them.
The internet of money: https://www.amazon.ca/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=pd_bxgy_14_img_2?_encoding=UTF8&psc=1&refRID=P0PTRQG90Q7D8MZ8X9WE
Mastering bitcoin: https://www.amazon.ca/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388/ref=sr_1_1?ie=UTF8&qid=1525026587&sr=8-1&keywords=mastering+bitcoin
Not if he doesn't try to move all the donations one at a time rather than all once once in a single transaction. Either way, he has a Patreon page instead because its an easier way for most people to set up small recurring donations. You might also consider buying his books The Internet of Money or Mastering Bitcoin: Programming on the Blockchain.
Andreas M. Antonopoulos
The Internet of Money
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Here is the post for archival purposes:
>Hey, just a teen who uses bitcoin daily and just really interested in the world of cryptocurrency. Anyways, so summer is already here and I thought why not use this time to read up and learn more about cryptocurrencies.
>So after some researching I've come across these 2 books which Im thinking about buying: The Internet of Money , Ethereum: Blockchains... . However, I was wondering if these books are readable and understandable for non-technical people like me (no coding knowledge) and if you do/don't recommended it.
>Also thinking about getting Mastering Bitcoin 2nd Edition and Mastering Ethereum later on when it comes out but I feel like those 2 books are really technical and I will not able to understand it. Any thoughts?
The Internet of Money: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454/ref=sr_1_1
Also, read The Internet of Money.
Why? Is not so clear that statement?
If you don't know what are "bitcoin keys" maybe is time for you to read more about Bitcoin.
That statement is like the golden rule of Bitcoin, you have to understand it in order to be able to use Bitcoin in a safe mode. Otherwise, you will come back here in few weeks complaining that your "bitcoins get stolen"...
Bitcoin = Be Your Own Bank = act accordingly
Here are 2 great books to start:
- https://app.purse.io/product/1537000454 or https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/1537000454/ref=sr_1_1?ie=UTF8&qid=1474906535&sr=8-1&keywords=internet+of+money