Reddit reviews The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order
We found 5 Reddit comments about The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order. Here are the top ones, ranked by their Reddit score.
St Martin s Press
I just finished reading
http://www.amazon.com/The-Age-Cryptocurrency-Challenging-Economic/dp/1250065631/ref=tmm_hrd_title_0?ie=UTF8&qid=1422474277&sr=8-1
If you want an objective look at the subject, that's where I would go. If you want to validate your pre-conceived notions (either for or against), by all means go elsewhere.
Some of the WSJ guys also have a book coming out on cryptocurrency. They've been doing a lot of stuff on Bitcoin on their web broadcasts lately and seem to be huge proponents of it. I transcribe their shows as a part time gig and these particular segments have been enjoyable to do.
http://www.amazon.com/The-Age-Cryptocurrency-Challenging-Economic/dp/1250065631
It's not a surprisingly positive article. It's Paul Vigna! He seems to be the go-to-guy for cryptocurrencies at the WSJ. He wrote a book about cryptocurrencies... A good one too!
The Age of Cryptocurrency
So... very high level. The blockchain is the system that underlies bit coin. It uses public/private key encryption. The public key is on the blockchain and everyone can see it but no one can read it. You have the private key. When you combine the private key and the public key you decrypt the address and this allows you to send bitcoins to other people. The chain is completely public and runs on every computer that is mining bitcoin which makes it essentially uncomfortable (someone would need to own 50% of the computing power on the network to corrupt it).
It is a whole hell of a lot more complicated than that, obviously. And I don't truly understand the whole technology. If you're interested in it, you should read The Age of Cryptocurrency by Paul Vigna and Michael Casey of the Wall Street Journal. They focus a lot on the blockchain as opposed to other books which mostly focus on Bitcoin. There are so many theoretical applications of the blockchain. Banks are already using it for internal currency transfers. I believe Blockchain voting is one of the ideas they touch on.
Pauls' a friend of mine - he and his friend wrote a book The Age of Digital Currency