The author, Andreas Antonopoulos, has been an actively taking part in the Bitcoin ecosystem dating back to 2012. He is a computer nerd by heart and is utterly obsessed with Bitcoin.
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Over the past 8 years Andreas has traveled all around the world to give speeches on Bitcoin. The Internet of Money (Volume 1) (2016, O’Reilly) is a recollection of those events. Each chapter originates from one of those speeches dating back to 2013. There are 11 chapters in total and the book is 123 pages long. Each chapter is filled with ground breaking ideas, providing one epiphany after another. Let’s break it down further.
Bitcoin is fundamentally different because in bitcoin, you don’t owe anyone anything and no one owes you anything. It’s not a system based on debt.– Andreas Antonopoulos
Throughout the book you are constantly being smacked with these revolutionary ideas. The further you read, the more you understand at the core what Bitcoin is doing, why it’s here to stay and why our future will increasingly integrate with Bitcoin and blockchain technology.
Passion & Love
It goes without saying that Andreas is surely in love with Bitcoin. He has diligently been advocating for Bitcoin for years. In his books, this most definitely is showcased. You can almost hear his passion in his words as you read. This is an important part o what makes this book so great. Passion.
Excerpt page 19
“Bitcoin represents a fundamental transformation of money. An invention that changes the oldest technology we have in civilization. That changes it radically and disruptively by changing the fundamental architecture into one where every participant is equal. Where transaction has no state or context other than obeying the consensus rules of the network that no one controls. Where your money is yours. You control it absolutely through the application of digital signatures, and no one can censor it, no one can seize it, no one can freeze it. No one can tell you what to do or what not to do with your money.”
Would I recommend this book?
Absolutely. I would even go out on a limb and say you could give this book to the layman and they would understand the majority of the read. For the crypto enthusiast, you will be blissfully swimming in this book like a fish. The amount of insight The Internet of Money provides can’t be understated.
“The first major transformational technology moment for money was when money stopped being about the tangible consumption of intrinsic value, but became something that referred to value, as an abstraction, One of the most popular forms of these abstractions was to use precious metals to express value.”– Andreas Antonopoulos
This book deserves a solid 4 out of 5 stars. It’s a great read which left me wanting much more, which was part of the problem. You could easily read this book in one or two sittings. The book is fairly priced at just $11. However, I would have been more than willing to pay more had the book been longer. I would suggest you buy all three volumes because of this.
This book makes you question what is money? What is value? What is this technology, Bitcoin? Why is it so revolutionary? These are just some astonishing questions that are answered as you become more and more enthralled with this book, and Bitcoin. If you’re interested in cryptocurrencies, or want to learn more about them, these books are superb!
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