Everything you need to know about buying, selling and investing in Bitcoin (New Technology - New money) Paperback – October 15, 2013

Finally I understand what the fuss is all about. As someone who finds such things completely bewildering, I found it very easy to understand the concept behind bitcoin. Imagine my family's shock when this two finger typist who can barely use the internet suddenly holds forth on cryptocurrency and bitcoin mining! Thanks Anton.

My husband and I wanted to learn about this new method of renumeration.This book was most helpful in understanding this process.

First off, don't read this book to learn economic theory. It's basically a report on other writings concerning a narrow topic. Some rather silly statements about economics slip through the author's curating process. I'll assume these to originate with whoever wrote the various source articles. In other words, if you spend the time to search for articles on every sub-topic concerning digital currencies, you will still encounter these same misconceptions and will have wasted a lot of time.So why am I not concerned? To give an example, in a Q&A section, in answer to whether it would be deflationary when people lose their bitcoins, he said that, "no, it would be inflationary," (paraphrased) and then proceeded to show by hypothetical example exactly what would happen to remaining bitcoins' value when other bitcoins are lost. What happens is deflation, but he still called it "inflation." Apparently, the clear understanding of what happens to prices does not depend upon remembering the meanings of technical terms. So where was the harm? (For those still concerned, I think a better answer would have been, "Yes, it's a little bit deflationary. So what?") I could cite more examples, but they all come down to one thing. This book is a pretty good research paper on the workings of Bitcoin, but definitely not filtered through the eyes of an economist.Getting away from what this book is not, I found it to be everything I wanted it for. I learned that one article I had read had left me with a technical misconception about the "mining" of bitcoins. The book contains a pretty good sketch, which pointed me in the right direction. I still had to do more research to reconcile what I had read before with what I had newly learned, but the book at least gave me enough understanding to figure out where to look. In a case like this, sometimes, "less is more." "More," in the literal sense, is the great pile of stuff on the internet you would have to wade through without a book like this. "Less" is picking and choosing what the average reader might want and need to understand. And this book does a pretty good job of that.

Poorly written, a grammatical disaster, a spelling misadventure and nonsensical in most of its content. I kept reading because it was like watching a bad movie where you couldn't turn if off because you wanted to see if it was possible to maintain such a low standard all the way to the end.The better "chapters" say little if anything. The bad ones are actually humorous. A couple of examples . . . our U.S. currency is very unstable because bankers control it, yet Bitcoins are extremely stable because "no one" controls them. Our U.S. currency is backed only by a "promise to pay" rather than gold, but bitcoins are backed by ???My absolute favorite comes with the definition of "Single, Double, And Triple Accounting". The explanation is so ridiculously insane, it's almost worth buying the book just for the chuckle.I can only speculate as to who wrote this masterpiece and what his educational background might be. I doubt you'll find him employed at the Fed very soon, but I've got to give him credit - it took more balls to publish this silly term paper than I've ever had. I should probably give it an extra star just for having guts.Egad!

Your Bitcoin book was a great progression from the beginning of Bitcoins - a brief history of an early start in the 1990's. Since I did not know much about how Bitcoins worked, you gave a great analysis about how you can actually buy Bitcoins or just accumulate them like a stock investment. The concept of buy low and sell high is a stock market advisory. I did not know that there was a cap on the number of Bitcoins in circulation or available for purchase. The concept seems to follow a route of trading goods for services - the term for bartering. Essentially, all exchanges of money for goods and services is really a high-end type of barter. Your insight into other digital coin markets and how others may take over Bitcoin's lead is really a progression of how others perceive that they can take a process and do it better. You are correct about currency in the US that used to be backed first by gold, then silver and progressed into being a "Federal Reserve Note." Now our currency is backed by the faith in the US government that our money really has a value. Thank you for your eye-opening book about Bitcoins and the education that it gave me about our future monetary systems.

This book is pretty much some copied and pasted FAQs and discussions of bitcoin from forums/reddit/elsewhere. The original content is superficial and not particularly informative. The book was also exceptionally short, which partially explains the lack of depth on important subjects. Could have used some better editing as well. Personal opinions expressed by the author in the text were not backed up with supporting arguments and by and large the book is simply not worth the money. You would find the same information after about an hour of idle browsing bitcointalk or /r/bitcoin . Give it a pass.

Wish the book would have gone more in-depth on the more technical aspects. The book was an easy read though.