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BitCon: The Naked Truth About Bitcoin by [Robinson, Jeffrey]
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BitCon: The Naked Truth About Bitcoin Kindle Edition

3.3 out of 5 stars 90 customer reviews

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Length: 150 pages Enhanced Typesetting: Enabled Page Flip: Enabled

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Product Details

  • 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
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  • Word Wise: Not Enabled
  • Lending: Enabled
  • Enhanced Typesetting: Enabled
  • Amazon Best Sellers Rank: #284,775 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Top Customer Reviews

By Benjamin J. Morris on March 18, 2015
Format: Kindle Edition
Entertaining but limited depth in the book. Was looking for a better unbiased treatment to the subject of Bitcoin and the revolution in FinTech. I wish there was more substance around Blockchain technology.
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Format: Kindle Edition Verified Purchase
A few months ago I decided it was about time I figured out what all the fuss about bitcoin was. I began reading and listening to all the usual suspects in the bitcoin universe, and I came away with the impression that bitcoin is more than a pipedream for cryptoanarchists and Ron Paul supporters (although certainly it is also that).

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.
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Format: Kindle Edition
The author has a distinct point of view. Unfortunately, the merits of his arguments are entirely obscured by the manner in which they are presented. The formula in the book is: Identify fringe supporters of Bitcoin that present unreasonably favorable views of Bitcoin. Call them names. Point out their views are unreasonable (they are). Declare Bitcoin a con. The formula is repeated over and over again. The sad part is that there is good information in this book, and many of the arguments made have substantial merit.

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.
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Whenever I read a 1-star review like the ones for this book, and I see nonsensical comments such as "there's not a single citation to be found" and then I read the book and find citations all over the place, documenting the many substantial interviews that the author has done, I realize that I'm reading a special book. The author, Jeffrey Robinson, who has serious journalistic credentials, not only writes well but knows this subject inside out. No, this is not a book that hypes bitcoin. Quite the opposite. But he's not biased. He presents both sides of the argument. In doing that, he reveals bitcoin for what it is - in Warren Buffett's words - "a mirage." Don't believe the trolls. They are taking part in a concerted effort to discredit this book. Why? Because the author shows them up to be "the greater fools" that the bitcoin world needs to keep the "mirage" alive. It's a terrific read.
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Format: Kindle Edition
For a book that supposedly shares the truth regarding concepts around money and bitcoin, it is evident that the author understands neither what money is nor how bitcoin operates.

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.
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