Summary of Cryptoassets

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Rating

8 Overall

9 Importance

7 Innovation

7 Style


Recommendation

Financial experts Chris Burniske and Jack Tatar offer a good start to those seeking in-depth information on the investment potential of bitcoin, blockchain and cryptoassets. Their readable, amply detailed manual begins with a basic introduction to bitcoin and continues into how digital technologies are disrupting various industries. At times, the authors can come across as cheerleaders for cryptoassets, issuing a clarion call to those who regret missing out on previous Internet fortunes. Nevertheless, their comprehensive knowledge of this new technology is robust. While never giving investment advice, getAbstract recommends this substantive guide to beginners of all things crypto.

In this summary, you will learn

  • What cryptoassets are and where they originate,
  • How they differ from traditional investments, and
  • How to evaluate different kinds of cryptoassets.
 

About the Authors

Chris Burniske is a co-founder of Placeholder Ventures, a firm that focuses on cryptoassets. Jack Tatar is an investor in and adviser to cryptoasset start-ups.

 

Summary

The Origins of Bitcoin

Bitcoin shot onto the world’s radar just as the United States’ financial system was breaking down in 2008 amid the fallout from collateralized mortgage obligations (CMOs). In October of that year, an individual using the pen name Satoshi Nakamoto released a paper detailing a currency called bitcoin and explaining the blockchain software that underpins it.


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