Preview this ebook
Summary of Neel Mehta, Aditya Agashe & Parth Detroja's Blockchain Bubble or Revolution
Everest Media
Availability:
Ebook in EPUB format. Available for immediate download after we receive your order
Ebook in EPUB format. Available for immediate download after we receive your order
Publisher:
Everest Media LLC
Everest Media LLC
DRM:
Watermark
Watermark
Publication Year:
2022
2022
ISBN-13:
9781669385561
Description:
Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 On Halloween 2008, a computer scientist named Satoshi Nakamoto published a whitepaper introducing Bitcoin, a digital currency that allows people to exchange money without going through a bank or credit card processor.
#2 Money has traditionally been held in two forms: physical items like cash or gold pieces, or having a trusted institution like a bank or chieftain track how much money you have. The shortcomings of these forms of money are clear: it's easy to steal, it can't be used for online or long-distance transactions, it can be counterfeited, and it's a pain to store and transport.
#3 Humanity has always used money to solve the problems of tangibility. Money was invented by a trusted institution, such as a bank or local chief, to mediate between humans and their tangible money. However, this form of money has several shortcomings that stem from the fact that there is a middleman.
#4 What we really need in money is intangibility. M3 gives you intangibility by introducing middlemen: if you trust institutions to manage and move your money for you, you don’t have to hold tangible money anymore. But middlemen come with their own bundle of drawbacks.
Sample Book Insights:
#1 On Halloween 2008, a computer scientist named Satoshi Nakamoto published a whitepaper introducing Bitcoin, a digital currency that allows people to exchange money without going through a bank or credit card processor.
#2 Money has traditionally been held in two forms: physical items like cash or gold pieces, or having a trusted institution like a bank or chieftain track how much money you have. The shortcomings of these forms of money are clear: it's easy to steal, it can't be used for online or long-distance transactions, it can be counterfeited, and it's a pain to store and transport.
#3 Humanity has always used money to solve the problems of tangibility. Money was invented by a trusted institution, such as a bank or local chief, to mediate between humans and their tangible money. However, this form of money has several shortcomings that stem from the fact that there is a middleman.
#4 What we really need in money is intangibility. M3 gives you intangibility by introducing middlemen: if you trust institutions to manage and move your money for you, you don’t have to hold tangible money anymore. But middlemen come with their own bundle of drawbacks.
Ebook Preview