If you never heard of Bitcoin. If you are a long-time holder of Bitcoin. The book fills a gap economist bitcoin bitten three fronts.
First it helps those of us who became enamored with Bitcoin through individual and economic freedom explain our viewpoint in a succinct manner. Second, it serves as a philosophical on-ramp to the multitudes of speculators who flooded into Bitcoin in the past 6 months or so. Another overriding theme in the book is security. Without it there is no such thing as financial freedom. Should you come out of reading this book thinking that the bitcoin currency is something worth owning, your first investment should not be in buying bitcoins, but in time spent understanding how to buy, store, and own bitcoins securely.
This is without a doubt the best advice one could possibly give regarding Bitcoin. In reading the book you may find yourself wondering when he’s going to start getting to the Bitcoin part. The first seven chapters barely mention Bitcoin. Instead there is a gradual discussion of money and economics, including the various popular schools of economics. In fact, those of us already schooled in Austrian Economics should celebrate the existence of this book. If you know someone who bought bitcoins for speculation or to make some quick money buy this book for them and force them to read it. Then pass it around to everyone you know and if they are reluctant, figure out non-violent ways to get them to read it.
Read his bible with the highest time preference so you can learn to have a low time preference when it comes to Bitcoin itself. I haven’t had a chance to read the above, but a reader shared them. Finance can be a noble profession, yet too many people don’t see it that way. Desai, the Mizuho Financial Group Professor of Finance at Harvard Business School and professor of law at Harvard Law School, explained why finance has a trust problem and offered a simple strategy to address it at the 71st CFA Institute Annual Conference.