Golden Fire in Your New Bitcoin Shoes
Why Economists and Environmentalists Are Often Wrong About Bitcoin
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to Cart failed.
Please try again later
Add to Wish List failed.
Please try again later
Remove from wishlist failed.
Please try again later
Adding to library failed
Please try again
Follow podcast failed
Please try again
Unfollow podcast failed
Please try again
Access a growing selection of included Audible Originals, audiobooks, and podcasts.
You will get an email reminder before your trial ends.
Audible Plus auto-renews for $7.95/mo after 30 days. Upgrade or cancel anytime.
Golden Fire in Your New Bitcoin Shoes
Narrated by:
Virtual Voice
Buy for $8.99
No default payment method selected.
We are sorry. We are not allowed to sell this product with the selected payment method
Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.
-
Narrated by:
-
Virtual Voice
-
By:
-
Jamil Hasan
This title uses virtual voice narration
Virtual voice is computer-generated narration for audiobooks.
About this listen
In that book, I note a few important things about Bitcoin that since have been developed much further than they were in 2017-18. On its surface, the idea behind cryptocurrencies is simple: what if there were an internationally available monetary system that didn't rely on a central bank, was out of the hands of centralized governments, and was controlled by direct actions between individuals? The reality, though, is far more complex. To begin, we must ask: what do we base it on?
With Bitcoin, the answer is data. One way to combat insider information, corrupt historical finance, and banking backdoor deals is by sharing information across a much broader group of people. At its heart, Bitcoin is a shared database. Through the years, a Wall Street narrative has formed calling Bitcoin a "store of value". But it is really so much more than that.
Most people talk about the price of Bitcoin. During November 2021, at its most recent peak, Bitcoin reached an all-time high of $69,045. That prompted many a Twitter account to bring out laser eyes on their profile pictures. Of course, subsequent crypto industry events forced that number rapidly downward over the last couple of years.
Many more conversations center on Bitcoin being a distinct form of money from the standard fiat economy. What is less talked about, but equally interesting and important are the benefits of Bitcoin for retail shoppers to receive utility in return for on-line purchases, and the positive long-term environmental transformation made possible by mining Bitcoin and conserving wasted energy caused by centralized data centers and Christmas lights. A further lesser spoken benefit is at the convergence of the Internet of Things, artificial intelligence, smart cities, and blockchain technology. Bitcoin will have an unforeseen role to play there too.
This forty-fifth book in the Crypto Hipster Chronicles series, entitled "Golden Fire in Your New Bitcoin Shoes" draws from three Crypto Hipster Chronicles podcasts. Alex Adelman, Chief Executive Officer, and Co-founder of Lolli, shares how to use his company's retail platform to earn Bitcoin as cash back on consumer purchases. David Palmer, economist, and lead for blockchain development at Vodafone, shares his views on why classical economists are often wrong about Bitcoin, as well as the importance of creating an economy of tokens and the beneficial implications of this economy. And Romain Nouzareth, Co-Founder, Chair, and Chief Executive Officer of CCU., shares his insights about nuclear fusion and self-sovereignty with Bitcoin mining. I hope you find this book both educational and useful in your crypto and life journey.
adbl_web_global_use_to_activate_webcro768_stickypopup