Nathaniel Popper

Digital Gold

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New York Times reporter’s “vivid” account of the dramatic rise of Bitcoin and how it has led to untold riches for some—and prison terms for others (Financial Times).
Shortlisted for the Financial Times and McKinsey Business Book of the Year
A New York Times Book Review Editor’s Choice
The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet. Believers from Beijing to Buenos Aires see the potential for a financial system free from banks and governments. More than just a tech industry fad, Bitcoin has threatened to decentralize some of society’s most basic institutions.
An unusual tale of group invention, Digital Gold charts the rise of the Bitcoin technology through the eyes of the movement’s colorful central characters, including an Argentinian millionaire, a Chinese entrepreneur, Tyler and Cameron Winklevoss, and Bitcoin’s elusive creator, Satoshi Nakamoto.
“Engrossing.” —Library Journal
“An elegant, thrilling tour-de-force. … The fast-paced action never stops.” —William D. Cohan, New York Times–bestselling author of Power Failure
This book is currently unavailable
443 printed pages
Original publication
2016
Publication year
2016
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Quotes

  • Serghei Trofimovhas quoted7 years ago
    “Turns out, in China, there’s no ethics—there’s no moral obligation,” Bobby would say of his discovery, with a hint of amusement and a dash of frustration. “Westerners see that as a bad thing. Chinese see that as, ‘We’re being flexible.’”
  • Serghei Trofimovhas quoted7 years ago
    Debt: The First 5,000 Years.
  • Misha Mironovhas quoted7 years ago
    Whereas in the United States, banks were unwilling to do work unless they were explicitly given a green light by regulators—and sometimes not even then—in the Wild West of China, the banks would try just about anything until they were explicitly told it was not allowed.

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