Top 5 Best Bitcoin Books You Must Read In 2019

Top 5 Best Bitcoin Books You Must Read In 2019

Reading books may feel antiquated when it comes to decentralisation and blockchain—after all, these are digital, post-paper terms which are laying the foundation for a future in which books are delivered exclusively from the cloud, or read primarily in a pre-condensed form. But don’t be fooled: to this day books and other long-form texts are still the best way to gain a nuanced understanding of any given topic. Yes, it’s a bit more of a time investment than Twitter, but as with cryptocurrency whitepapers, the time invested yields dividends in knowledge that, if utilised correctly, can in turn yield good amounts of capital.

With that in mind, let’s get into it: here’s Digital Currency Markets’ top five best bitcoin books that you must read in 2019.

 

5. The Book of Satoshi by Phil Champagne 

Digital Currency Markets Best Bitcoin Book #5

We know: Phil Champagne is quite the author’s name. But he’s not really the primary author of this book—that honour goes to the mysterious and anonymous bitcoin creator Satoshi Nakamoto. This book is more of a compilation—an annotated guide through Satoshi’s forum posts, emails, and other communications with his development team and the public world. The book covers the only known communications from Nakamoto—all of them from the two year period from 2009 to 2011—and is a great primary resource that will assist greatly with your understanding of Bitcoin. After all, who better to go to for an understanding of crypto than the original creator of the world’s number one digital currency?

 

Quotables from The Book of Satoshi:

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.”

“The first way to address the “war on poverty” is to get rid of currency inflation and return to a form of money whose value holds over the long term.”

You can check out The Book of Satoshi by Phil Champagne here.

 

4. The Age of Cryptocurrency by Paul Vigna & Michael Tracey

Digital Currency Markets Best Bitcoin Book #4

This book sets out to answer a pretty simple question: why should the average Joe and Julie care about bitcoin? Written in 2015, before bitcoin was even teasing a five-figures market evaluation, The Age of Cryptocurrency: How Bitcoin and Digital Money are Challenging the Global Economic Order is a book about the radical potential of bitcoin to do economic and social good. How? By empowering people to better control both their capital and their interactions with the world.

As the blurb of this book says: bitcoin “is here to stay, and you ignore it at your peril”. This book will tell you what that peril may well be, and how you can avoid it. (Hint: it might well require trading and investing, which we can help you with.)

 

Quotables from The Age of Cryptocurrency:

“Bitcoin is just six years old. It has gone from what was ostensibly one lonely coder’s pet project to a global phenomenon that has sparked the imagination and activism of libertarians, anticorporatists, crypto-anarchists, utopians, entrepreneurs, and VCs. Bitcoin has gone from being essentially worthless to dearly valuable, only to crash and rise again, a wild trading pattern that has few analogues in capital markets. It’s certainly gone from nowhere to somewhere, and where it goes from here may be as messy and chaotic as where it’s been.”

“All those who used their knowledge in a bid to enact social change saw cryptography as a tool to enhance individual privacy and to shift power from big, central institutions to the human beings who live in their orbit.”

You can check out The Age of Cryptocurrency by Paul Vigna & Michael Tracey here.

 

3. Digital Gold by Nathaniel Popper

Digital Currency Markets Best Bitcoin Book #3

You’ll see this title on just about any list of great crypto books from now until the end of time. With the delightfully-long full title Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money, alongside having been written by esteemed New York Times finance and technology reporter Nathaniel Popper, this book has a lot going for it.

The reason we reckon you’ll see this book on lists for a long time is that it is primarily a historical account, following many different people involved in the early days of crypto, ranging from the Winklevoss Twins to the community of coders who helped bitcoin’s anonymous creator, Satoshi Nakamoto, bring the currency to life. The book was shortlisted for the 2015 Financial Times and McKinsey Business Book of The Year, so you know it comes well-recommended.

 

Quotables from Digital Gold:

“The reason gold itself had been used as money was not that it was valuable; it had become valuable because it was used as money.” 

“The creator of Bitcoin, Satoshi, disappeared back in 2011, leaving behind open source software that the users of Bitcoin could update and improve. Five years later, it was estimated that only 15 percent of the basic Bitcoin computer code was the same as what Satoshi had written.”

You can check out Digital Gold by Nathaniel Popper here.

 

2. Mastering Bitcoin by Andreas M. Antonopoulos

Digital Currency Markets Best Bitcoin Book #2

This is a name you might remember from our list of Best Cryptocurrency Youtube Channels to Follow, where he also sat at #2. Andreas M. Antonopoulos is a speaker who played a big role in bringing crypto to people’s attention with his multiple appearances on Joe Rogan’s podcast, and has—as you can guess from his presence on this list—written his share of books.

This book in particular, Mastering Bitcoin, isn’t messing around with its title: this really is a book about the mastery of Bitcoin. It’s a book about code, and about the technical aspects and power of bitcoin. Andreas was in computer science and tech security for years even before the inception of bitcoin, so he knows his stuff, and he knows how bitcoin fits into a technological context that well-precedes digital currency.

If you want to truly understand bitcoin and crypto, and you’re willing to put in the work, then Mastering Bitcoin is the book for you.

 

Quotables from Mastering Bitcoin:

“The genesis block contains a hidden message within it. The coinbase transaction input contains the text ‘The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.’”

“The purpose of mining is not the creation of new bitcoin. That’s the incentive system. Mining is the mechanism by which bitcoin’s security is decentralized.” 

You can check out Mastering Bitcoin by Andreas M. Antonopoulos here.

 

1/ Blockchain Revolution by Don Tapscott & Alex Tapscott

Digital Currency Markets Best Bitcoin Book #1

As with The Age of Cryptocurrency, it took two people to bring you this top entry on our list, so you know a lot of work went into it. And with this one it really shows: Blockchain Revolution: How the Technology Behind Bitcoin and Other Cryptocurrencies Is Changing the World is a comprehensive look at the potential futures that blockchain will enable. The book is described in its blurb as a “business leaders’ playbook for the next decade and beyond”, and that’s pretty spot-on. By primarily focusing on possibility rather than history, the book opens up your thinking around the blockchain and the techno-futures that will be possible now that the technology is being embraced by even the biggest financial companies.

This is the ideal book for you if you’re an entrepreneur or futurist looking to expand your understandings of the likely futures we’re going to be encountering from here on out thanks to the advent of bitcoin and other blockchain technologies.

 

Quotables from Blockchain Revolution:

“Imagine a technology that could preserve our freedom to choose for ourselves and our families, to express these choices in the world, and to control our own destiny, no matter where we lived or were born. What new tools and new jobs could we create with those capabilities? What new business and services? How should we think about the opportunities? The answers were right in front of us, compliments of Satoshi Nakamoto.”

“There is a growing agreement among technology companies that the blockchain is essential to unlocking the potential of the Internet of Things.”

You can check out Blockchain Revolution by Don Tapscott & Alex Tapscott here.

 

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Come to think of it, given that it’s almost December, we reckon any one of these top five books would make a great Christmas present—for yourself, or for someone you know. Happy reading!




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Use Digital Currency – How it works

How our Bitcoin Gift Card works

What is a Bitcoin Gift Card?

A Bitcoin Gift Card is the perfect way for the newcomer to get their first Bitcoin. It comes with a paper wallet and simple instructions to set up a software wallet so that you can transact with Bitcoin over the internet. Bitcoin Gift Cards are available in AU$25, $50, $100 and $500 denominations.

Who should buy a Bitcoin Gift Card?

Anyone new to Bitcoin will find no easier way to get their first Bitcoin.

They can be gifted by an existing cryptocurrency enthusiast, or bought by anyone wanting to get involved for the first time themselves.

How can I pay for my Bitcoin Gift Card?

You can pay with either cryptocurrency through our coinpayments.net payment gateway, or you can use Australian Dollars through our POLI Pay facility.

Can I use a Bitcoin Gift Card to top up an existing software wallet?

Yes. When you receive your additional Bitcoin Gift Card, you can simply import the "Secret" wallet identifier from your Bitcoin Gift Card into your existing software wallet. This will move your Bitcoin from your Bitcoin Gift Card into your existing software wallet. 

What does my Bitcoin Gift Card include?

Your Bitcoin Deposit, wallet and key generation and network transfer.

How long does it take to receive my Bitcoin Gift Card?

Going through to checkout takes about 2 minutes. You won't find an easier process anywhere. Once you've placed your order, it can take between 10 and 60 minutes to receive your Bitcoin Gift Card depending on the speed of the Bitcoin network at time of purchase.

How our Flexi eGift Cards work

We have partnered with GiftPay, an aggregator of online deliverable eGift Cards in Australia.

Through our agreement with GiftPay, you are able to purchase a Flexi eGift Card from us, redeemable at a broad range of retailers in Australia.

Watch the Video to see how it works

What is a Flexi eGift Card?

A Flexi eGift Card is an electronic gift card that lets you choose where you'd like to shop! In the past if you were given a gift card for a particular shop but didn't want to buy anything from that shop, you were stuck. But now with a Flexi eGift Card, you get to choose at which shop you spend your gift. 

What's more, you may be able to split your Flexi eGift Card and spend it at different shops! For example, if you have a $30 Flexi eGift Card, you could choose to split it up into a $20 Myer eGift Card and a $10 iTunes eGift Card. 

Where can I spend it?

You can spend your eGift Card at a broad range of Australian retailers. For a full list of our retailers, click here. (page showing full list of retailer logos)

How do I redeem it?

Your Flexi eGift Card will be emailed to you. Click the link in the email to open your Flexi eGift Card.

Then convert your Flexi eGift Card into any combination of gift cards or vouchers up to the total available balance. How you redeem your chosen gift card depends on the card or voucher chosen.

Pay a BPay Bill

What Bills can I pay?

You can pay any bill that has the BPAY logo and Biller Code including credit cards.

Are there any payment limits?

Yes. You can pay a maximum of $1000 per transaction based on regulatory limits. You can however break up a bill into multiple $1000 tranches and enter the same biller and customer reference code.

How does the transaction work?

When you enter the amount you wish to pay, the BPAY biller code and your bill’s customer reference number, you will click through to our checkout.

At checkout, you will be asked to leave your details, which enables us to satisfy our legal requirements under the Anti-Money Laundering and Counter-Terrorism Financing Amendment Act 2017. This sounds ominous, but takes about 2 minutes.

When you proceed to payment, you will be shown the digital currency amount payable and the wallet address to send your digital currency to.

Once you have sent your digital currency to our payment gateway wallet, you will receive an email notifying you that your payment has been received. We then convert your digital currency to AUD and pay your BPAY bill on your behalf.

Are there any fees?

Yes. At checkout you will notice our 3% fee added to your bill amount. This is to help us manage the currency risk of a volatile digital currency market when converting to AUD for us to pay your bill. We use a third party payment gateway to enable the digital currency transaction. Our considerations when choosing a gateway was security, pricing (spread) and speed. You’ll note when at checkout (before proceeding to payment) that the price you receive on your digital currency is very competitive. Other digital currency BPAY facilitators charge up to 6% per transaction on the currency alone, which in our view is akin to highway robbery.

 

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