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PAY ATTENTION TO BITCOIN: The Rise of Digital Gold and its Place in the Evolution of Money

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“Insightful, poetic, and easy to read! A new addition to my top recommended Bitcoin readings.” – Seb Bunney, Author The Hidden Cost of Money

“Our focus forms the value structure that makes money work. Attention is the arbiter of value. It is an organizing principle for value. Where more people look, value increases. What we pay attention to we charge with value. Hence the phrase “pay attention.” – Joseph Voelbel

This book is a crash course primer on bitcoin. Its punchy, concise style is meant to be readable by someone who has never heard of the subject matter and simply wants to know more. Occasional language herein pulls from an emergent glossary surrounding the topic, but will be accompanied with an explanation as to why.

The opening chapter contains the thesis of the book, that money has evolved over time, from seashells to gold to credit cards, and that digital cryptocurrency is the next step in that evolution. The primary thread behind this evolution is that currency – in whatever form – is fueled by attention and that attention en masse acts as a sort of “judge, jury, and executioner” for money’s variegated forms.The reader will find amidst its pages the eminent history of gold, the inimitable role of The Federal Reserve and all Central Banks, the origination of bitcoin and the financial soothsayers that envisioned its creation, (e.g., John Nash, Bucky Fuller, H.A. Hayek, and Milton Friedman) the meaning of “sound money” and how bitcoin’s characteristics conform to it, as well as rudimentary technical explanations of how bitcoin works and why.The most philosophical component of the book is an extrapolation of the meaning of attention, an analysis of the nature of herd mentality and hive minds, as well as the dexterous role bitcoin plays around electricity, its capacity to incentivize electrification and become an energetic unit of account, and its palliative potential when placed up against the pernicious claws of debt hooked into emerging nation states.

The prevailing argument around all subject matter covered is encompassed by a neologic aphorism, which is: “bitcoin fixes this”. A neologism is a new word. Bitcoin is a new word. An aphorism is “a comprehensive principle expressed in a few words”. Fixes this is the aphorism. Bitcoin fixes this. While that may or may not be the case it couldn’t ever be unless we pay attention to bitcoin.

ASIN ‏ : ‎ B0D7K7GGTV
Accessibility ‏ : ‎ Learn more
Publication date ‏ : ‎ July 24, 2024
Edition ‏ : ‎ 1st
Language ‏ : ‎ English
File size ‏ : ‎ 5.7 MB
Simultaneous device usage ‏ : ‎ Unlimited
Enhanced typesetting ‏ : ‎ Enabled
X-Ray ‏ : ‎ Not Enabled
Word Wise ‏ : ‎ Not Enabled
Print length ‏ : ‎ 189 pages
Page Flip ‏ : ‎ Enabled
Best Sellers Rank: #1,483,942 in Kindle Store (See Top 100 in Kindle Store) #201 in Business School Guides (Books) #367 in Graduate School #642 in Individual Philosophers (Kindle Store)
Customer Reviews: 4.9 4.9 out of 5 stars 28 ratings var dpAcrHasRegisteredArcLinkClickAction; P.when(‘A’, ‘ready’).execute(function(A) { if (dpAcrHasRegisteredArcLinkClickAction !== true) { dpAcrHasRegisteredArcLinkClickAction = true; A.declarative( ‘acrLink-click-metrics’, ‘click’, { “allowLinkDefault”: true }, function (event) { if (window.ue) { ue.count(“acrLinkClickCount”, (ue.count(“acrLinkClickCount”) || 0) + 1); } } ); } }); P.when(‘A’, ‘cf’).execute(function(A) { A.declarative(‘acrStarsLink-click-metrics’, ‘click’, { “allowLinkDefault” : true }, function(event){ if(window.ue) { ue.count(“acrStarsLinkWithPopoverClickCount”, (ue.count(“acrStarsLinkWithPopoverClickCount”) || 0) + 1); } }); });

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