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Inside this Book – Bitcoin is digital money. It is money just like euros or dollars, only it’s not owned by a government. You can send it from any point in the world to any other point in the world instantaneously, securely, and for minimal or no fees at all. Two days ago, we saw one of the largest transactions ever recorded on the bitcoin network, where someone transferred $150 million between two bitcoin accounts, in one second, for zero fees. Just that allows you to grasp how disruptive this technology is going to be in terms of international payment systems. But this is just the beginning. Bitcoin is a digital currency that came into existence in 2008 as an invention by a person called Satoshi Nakamoto. He published a paper where he posited that he had found the way to create a decentralized network that could achieve consensus, agreement, without any central controlling authority. Now, if you have studied computer science or distributed systems, this is known as the Byzantine Generals’ Problem. It was first described in 1982. Until 2008, it was an unsolved problem. Then, Satoshi Nakamoto said, “I have solved it.” Guess what happened next? Everybody laughed, ignored him, and dismissed him. He published his paper, and three months later, he published software that allowed people to start building the bitcoin network.
Inside this book –The Internet of Money PDF Book by Andreas M. Antonopoulos – One thing that surprises people is that money is older than writing. We know this because when we look at archeological discoveries of writing, we find hieroglyphics and we find cuneiform. When we look at all of these ancient forms of writing, guess what they’re writing about? Money. They’re writing ledgers. All of the ancient writing we find, the first forms of writing, are ledgers. They are writing about money. Because money is older than writing. Is money older than the wheel? I don’t know, but we do know that wheels were used as money. Perhaps the first wheel was sold for money or was used as a form of money itself. Archeological sites going back into the Stone Age have revealed the presence of money in the form of shells and feathers and beads.
The Internet of Money by Andreas M. Antonopoulos PDF : eBook Information
- Full Book Name – The Internet of Money
- Author of this Book – Andreas M. Antonopoulos
- Language – English
- Book Genre – Non-Fiction, Economics
- Download Format – PDF
- Size – 2 MB
- eBook Pages – 200
- Price – Free