Back to List

Notes and Reflections on Books and Media

by Hannah Leitheiser

Trusted Value and Conversion

Digital Gold: Bitcoin and the Inside Story of the Misfits and Millionaires Trying to Reinvent Money

Nathaniel Popper

2015

Link

2018-02-17

Finished Digital Gold, which gave an overview of the bitcoin phenomenon, at least up until 2013 or so. This book focused on the people, and the journey to make bitcoin a trusted store of value, and the friction involved in interacting with the state to allow people to trade money for bitcoin and back. The US Government seems to say, at least up to 2013, bitcoin is fine, but we're not sure we want people switching cash for the pseudo-anonymous bitcoin because we want to be able to track these sorts of transactions so we can investigate potential money laundering or purchases of controlled substances and services. Other countries seem to have similar attitudes. None have outlawed bitcoin.

The next book I've got does a better job of explaining the technology, and I've got a pretty good general understanding, which I'll write about later (off to work now).