Summary of Digital Gold
Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money
Copyright © 2015 by Nathaniel Popper. Published with Harper, an imprint of HarperCollins Publishers
Step behind the scenes at the creation and development of this entirely digital currency.
New York Times reporter Nathaniel Popper offers up an inviting, necessary history. The concept behind Bitcoin – a completely electronic currency that isn’t backed by anything in the physical world – is intriguing. Its story is filled with pseudonyms, criminal activities, selfless dedication, incredible hubris, international travel, technological breakthroughs, and, of course, money. Bitcoin went from idea to reality in just a few years – and much of its development occurred inside underreported groups, like chat rooms and the libertarian community. Popper narrates this complex saga with ease and grace. getAbstract recommends his overview and its vivid personal portraits to those intrigued by Bitcoin, international finance, cyberculture, cybercrime, alternative cultures or libertarian thinking.
In this summary, you will learn
- What Bitcoin is,
- How Bitcoin developed, and
- Why Bitcoin matters.
Comment on this summary
11 months agoAt the end of 2013 and the start of 2014, papers from the Federal Reserve Board discussed using “blockchain technology” to make financial transactions safer.
At a Goldman Sachs conference on virtual currency, a Goldman executive indicated that adapting blockchains to speed up financial transactions intrigued the firm.
Blockchain technology seems to be the value here.
Contained in Knowledge Pack:
Knowledge PackBlockchainFind out how this disruptive innovation works and what impacts it might have on the economy.
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