- File Size: 1132 KB
- Print Length: 150 pages
- Publication Date: September 22, 2014
- Sold by: Amazon Digital Services LLC
- Language: English
- ASIN: B00NUIUQ3A
- Text-to-Speech: Enabled
- Word Wise: Not Enabled
- Lending: Enabled
- Amazon Best Sellers Rank: #284,775 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
BitCon: The Naked Truth About Bitcoin Kindle Edition
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Top Customer Reviews
For all the lengthy and exhaustive discussions of the merits of bitcoin by its advocates, its many critics only expressed their doubts in brief articles or dismissive one-liners, without addressing in depth the alleged merits that its supporters ascribed to the technology. “Bitcon” seemed to be an exception in this sense, since it was a book-length refutation of the argument that bitcoin can be a solution to anything – let alone to the world’s financial problems – written by a journalist with a proven track record of competence and insight in the world of finance.
Good God, was I wrong. As a book, “Bitcon” has the unique distinction of being a future embarassment to its author regardless of bitcoin’s eventual success or demise. If in ten years from now bitcoin had completely failed and someone were to re-read this book, almost nothing in it will have proven prescient or insightful about the future course of events. Even when the author correctly points out critical elements in the bitcoin system (both the bitcoin economy and its technology), the same problems have already been better and more insightfully discussed (and only occasionally solved) by bitcoin’s own advocates.Read more ›
Even the introduction on Amazon reflects the silliness of the book's style: "Just look at every negative review below. Each is the result of a concerted effort by the bitcoin 'faithful' to keep you from discovering the truth. And that truth is this: In the global scheme of economic phenomena, bitcoin turns out to be a non-event." Newsflash! This is a negative review. I am not a member of the "Faithful" (a term derisively used throughout the book). And if you want to discover some type of "truth" about Bitcoin, we would all be well advised to check back in around the year 2025.
A far better book on the topic is Bitcoin -- Digital Gold by Nathaniel Popper. (http://www.amazon.com/Digital-Gold-Bitcoin-Millionaires-Reinvent/dp/0062362496) Well researched, very well written.
What is evident within a few pages is the author clearly has a fundamental bias and resorts to childish attacks as main arguments, such as calling bitcoin a religious cult over and over again. Everything new starts small before growing, Christianity started as a small cult but eventually won over whole continents with it's message. So if the author wants to make the cult analogy fine, but his analogy nor his flawed reasoning does not mean that bitcoin will fail.
In fact bitcoin is still growing at an S curve adoption rate with more an more companies on board including Microsoft and the Bank of England which recently published a very positive analysis that in 15 pages explains bitcoin in significantly more detail than Jeffrey's hit piece.
Most Recent Customer Reviews
Not all arguments holds when arguing against BitCoin, but the book is enlightening and well written.
I got some new insights, but the BitCoin congregation would not buy it.
The book is well researched and balanced with many epithets and anecdotes, including personal experiences, as the author sought to understand the working of Bitcoin, from... Read morePublished 10 months ago by Bob
I bought this book for two reasons - the first reason being I have read other books by this author over the years and have seen his investigative nature which I liked. Read morePublished 12 months ago by Beverly Clark
I wouldn't waste my time with this book as there are far more intelligent critiques of bitcoin out there that attempt to understand and analyze bitcoin from a neutral starting... Read morePublished 13 months ago by JGK
I painstakingly read every single word of this entire book. I've always felt like it's more beneficial to look into the negatives aspects or risks in a technology, investment or... Read morePublished 13 months ago by Cory
Great overview and insight into the main players involved in Bitcoin . Good data driven argument and difficult to argue with the conclusion that the traction required to establish... Read morePublished 15 months ago by Sean O'Mara
Unlike the few other books I've read on the topic which focused on the economic aspects of money, the Bitcoin technology and/or the "how to", this one explores Bitcoin's long-term... Read morePublished 15 months ago by Zivio
The title of this book intrigued and excited me. I had heard of this new monetary system but did not know where to begin so this book educated me on the market. Read morePublished 15 months ago by Sb Wharton
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