Konsensus Network
An optimistic scenario for bitcoin
An optimistic scenario for bitcoin
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Author: Vijay Boyapati
Pages: 141
"An Optimistic Scenario for Bitcoin" is a rather short and pleasant book to read, which summarizes very well the different arguments in favor of Bitcoin, ideal for beginners but also a very good reminder for connoisseurs.
The author reviews the fundamentals of money, its adoption in social groups and the attributes that give it a status as a store of value. He also describes the different stages of the monetization process, by which a good goes from being a collectible to a means of exchange recognized by all within a society.
Similar to the adoption of new technologies, such as the internet or the telephone, Vijay notes that the adoption of a new technology, such as Bitcoin, goes through cycles of hype and fallout.
Finally, it addresses the main common criticisms of bitcoin, in order to provide documented and reasoned answers to the public's legitimate questions. It also highlights the major risks that weigh on Bitcoin, and warns readers of the main dangers to be aware of.
Reviews
“A great introduction and reminder of bitcoin's value to the world, all through a comprehensive and historical look at the currency.”
—Jack Dorsey, CEO of Twitter and Square
“A Best Case for Bitcoin is always on my recommended reading list when I introduce bitcoin to people. Excellent book.”
—Cynthia Lummis, United States Senator from Wyoming
“A Bullish Case for Bitcoin is an informative and engaging read for both newcomers and long-time bitcoin enthusiasts. Boyapati makes a compelling case for bitcoin, taking a quick tour of the history of money, the properties of different types of money, and why bitcoin is the world’s best form of money and store of value, potentially replacing other forms.”
—Adam Back, cypherpunk
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