Author(s): Paul Vigna
Not so long ago the internet was a new and alien concept. Today, the world would collapse without it. Today, cryptocurrency is a new and little-used concept. Tomorrow, will the world collapse without it? We sit at the cusp of a revolution in global commerce, a shift that promises nothing less than to reshape the international economic and political order. At the heart of this revolution lies the groundbreaking technology of cryptocurrencies. With the advent of bitcoin in 2008 the term 'cryptocurrency' crept into our lives. But whether bitcoin triumphs or fails, the technology it unleashed is here to stay and will only get stronger. It's cheaper, faster, easier, more democratic and safer than paper money and credit cards, and people - and governments - are catching on fast. Age of Cryptocurrency is a vision of a radically different future. In examining the new and unstoppable revolution that is cryptocurrency it forces us to rethink our assumptions that underlie the world in its present form, to question what money is and how it functions in society, and to envisage how it could change our lives beyond recognition.
"Invaluable ... a fascinating field guide to the phenomenon in which three of the most powerful forces shaping our world today meet - the reform of finance, technological innovation, and the rejection of traditional politics" -- Felix Martin, author of Money: the Unauthorised Biography "Admirably clear and judicious ... If the word 'blockchain' makes you want to call a plumber, or you think Satoshi is some kind of raw fish, you need to read Cryptocurrency today. If you're already a bit-convert, you'll still learn a lot" -- Niall Ferguson, author of The Ascent of Money "Engaging, lucid, and thought-provoking ... I can think of no better guide to what the future holds" -- Eswar Prasad, author of The Dollar Trap "Not only demystifies and explains bitcoin, but shows where it fits into the cultural zeitgeist and where it's pointed, and what that may mean for our financial system" -- John Mauldin, New York Times bestselling author "Anyone who views bitcoin as a voodoo concept must read this totally comprehensible narrative outlining the history of money and how bitcoin might become a new and better currency. For those confused by Bitcoin concepts this clearheaded and readable book sets forth credible reasons why Bitcoin might or might not be an evolving economic miracle" -- Arthur Levitt, former Chairman of the Securities and Exchange Commission