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Confessions of a Crypto Millionaire

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"A highly dramatic but lucid introduction to the murky world of cryptocurrency." – Kirkus Reviews

"Five out of Five Stars. Reading this book was nothing short of thrilling." – Manhattan Book Review

At the start of this riveting memoir, Dan Conway is a brash young executive in a vast corporation, slogging his way up the ladder while struggling with depression and an addiction he thought he had defeated long ago. As he begins to realize that the mix of nightmarish bureaucracy and his unruly "flip side" have doomed any chance of success, Dan stumbles upon cryptocurrency, tumbling down the rabbit hole to discover a strange, anarchic, but captivating world. He decides to wager everything—his savings, his marriage, his family, his future—on the fledgling crypto, Ether.

In Confessions of a Crypto Millionaire, readers join Dan on a rollicking, harrowing, frequently hilarious journey, including his: struggle to rise through the corporate ranks; battle with addiction and its aftermath; bid to reinvent himself; efforts to hold his marriage and family together; and the costs–and thrills–of risking it all.

"For Conway, crypto was only partly about the money. It was also about finding liberation and salvation." – Forbes

Dan details in a non-technical and non-preachy way how the idea of blockchain-based decentralization has convinced a generation of dreamers, misfits and gamblers to too often bet more than they can afford to lose. He illustrates how public blockchains like Ethereum could disrupt the nature of work itself in the coming years, upending stultifying centralized corporations in favor of "trust machines" and peer-to-peer cooperation. In the process, readers take a thrilling ride with Dan on a turbocharged adventure through crypto, not knowing if he will make history or lose everything he holds dear.

201 pages, Kindle Edition

Published September 9, 2019

73 people are currently reading
419 people want to read

About the author

Dan Conway

1 book11 followers
Dan Conway is an expert on crypto culture, decentralization and corporate America, where he spent most of his career. He now writes about work, tech, family, and culture. His essays have appeared in Business Insider, Fatherly.com and Cuepoint. He lives in Northern California with his wife and three children. For more information, please visit www.danconwaywriter.com.

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5 stars
93 (46%)
4 stars
68 (34%)
3 stars
24 (12%)
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13 (6%)
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Displaying 1 - 29 of 29 reviews
1,692 reviews
September 14, 2019
I entered a Goodreads giveaway for this book due to curiosity. I've heard about crypto currency, know a little bit about blockchains, and (luckily) live in an area where I can ask people who know more about this subject for information. I was a bit surprised when I won a Kindle copy in the giveaway, for which I'd like to thank the publisher and the author.

Luckily, this book was *not* a huge sales pitch. There's a bit of swaying to get people aboard the decentralization boat. There is background on the various cryptocurrencies and why they started. But sometimes his explanations were confusing, so I ended up asking some of my more up-to-date on this topic friends questions when information wasn't clear from either this book or additional online searches (I owe you guys!).

But, back to the book. This is written in a very laid back, shoot from the hip, style. I didn't appreciate all the cussing. The author is fine with risk and gives family examples to give colour to "risk" being something they "just do." He tells other stories to give colour and background, some of which were fine, but at times I thought "is this story really necessary? How does this relate to the book?" Although he mentions that the book was edited, I found a few typos in the Kindle version I had.

This book wasn't bad ... but it also wasn't great. The writing style was fine (except for the aforementioned cussing) as it's not lecturing, dry, or a massive sales pitch. It didn't wow me and being left with questions often stopped the flow of reading or had me wondering "what is the point of that and why would anyone want that anyway?" So, I'm rating this book 3.5-3.75 stars, rounded up to 4 as Goodreads doesn't give half or quarter stars.
146 reviews5 followers
September 16, 2019
YIKES!!

The most frightening book I've read in 2019. This book will explain crypto currency, blockchain, and the most disruptive phenomenon to corporations, the money supply, and the economy. All brought to you by the same types of tech heads that brought us the internet and Facebook, etc. Read it and decide what you want to do to try to protect your economic assets.
Profile Image for Ryan.
1,391 reviews199 followers
January 19, 2020
Boring corporate guy bets on ethereum, profits.

This is basically a book about someone who had a corporate job in PR which he hated, who took an extreme risk betting on ethereum early (because he believed in it), held for a while, then sold, going from lower upper middle class to lower upper class. That’s basically it.
Profile Image for Stephanie.
18 reviews
October 18, 2019
Great book, showing the highs and lows of life, corporate America, and risky investments - this author bared his soul and I appreciated his honesty and humor.
Profile Image for Nathan Albright.
4,488 reviews161 followers
April 5, 2020
[Note:  This book was provided free of charge by BookSirens in exchange for an honest review.  All thoughts and opinions are my own.]

In reading this book I was reminded of a friend of mine who had legendary bad fortune when it came to investing.  The man was so terrible at picking what to invest in that whatever he went in on would be wise to short.  In the late 90's he jumped on the tech boom just before it went bust.  In the mid 00's he was fascinated by real estate in Florida just before the Great Recession.  What this book reminds the reader is that if one wants to make money on that which is daring, one has to do so before the low-information rush comes in.  This book is at times painfully personal to read as the author discusses his failures as a middle manager for various companies, his drug addiction, his information addiction, and the steadying role that his wife provided for him given his drive and obsession to find a way to live life on his own terms and not be some sort of corporate serf.  If this book does not exactly provide tips on how someone can follow the author's example, it certainly makes for a compelling memoir.

This book is more than 200 pages long and is written like a three act drama.  In the first act, the author is a put-upon middle manager who is unable to make progress towards freedom and finds himself burdened by unpleasant work tastes and a toxic work culture where the author resents the "red state" mentality that appears predominant in the company he works for.  His life is spiraling out of control as he struggles with an addiction to pills besides alcoholism and self-destructive tendencies.  In the second act the author finds himself a whale in the world of cryptocurrency, riding waves of gains and losses, putting himself hundreds of thousands in debt and risking his financial future on the chance that blockchains will take off, and finds out that they do, to stratospheric levels, even as the author has to deal with being surplus to requirements in the ordinary world of 9-5 jobs.  The third act is how the author manages the wealth, which provides a satisfying and victorious conclusion that many readers will celebrate.  This is not a book that ends with a flameout or a stint in jail, but instead with glorious success.

In many ways, this book has the feel of a memoir that is trying to aim for the inevitable film adaptation like Wolves of Wall Street.  While the author changes some of the details of other people so as to avoid lawsuit problems, most of the book focuses on the author himself and it is entertaining and compelling.  The author is entirely believable in being obsessed with the idea of earning his millions and the good life (spoiler alert:  he succeeds) while simultaneously being hostile to big business at the same time.  I happen to be skeptical about the ability that blockchains are going to have in decentralizing the way that business and politics works.  There has been a frequent pattern by which the first wave of technologies has promised freedom only to see authorities seize upon the same technologies to increase control and centralization.  It seems quite likely that blockchain, if it has any lasting results, will be to further efforts at control whether than provide the freedom that the author and others obviously seek and which would be a great improvement over the rather inept authoritarianism that threatens in these dark days.
Profile Image for Rachel B.
11 reviews3 followers
January 24, 2021
This is an enjoyable and timely memoir of a troubled family man caught up in the corporate ranks that gambles big on the decentralized crypto future.

Three stars because:

1 - Funny, gutsy, occasionally vulnerable misfit takes you along for outrageous risk-taking - if you like Phoebe Waller-Bridge's "Fleabag" you might appreciate Dan's style. His awkward antics at work, spunky siblings, and pure zest for the chase win you over, although he rides the border between cheeky rogue and asshole like a pro slackliner.

2 - Good, entertaining entry into the world of crypto enthusiasts - answers your questions about who they are, what motivates them, what this world is like. We get irreverent portraits of some of its prophets, a peek into the tremors and shorthands of the Ethereum-related subreddits, and insight into the rivalries between Bitcoin and Ethereum.

3 - Delivers those slice-of-life, stranger-than-fiction moments that I think should be in any great memoir. Loved when he turned on "Silicon Valley" to de-stress about ETH investing and all the episodes were about blockchain, or when he and his family smugly wear matching Ethereum T-shirts out to dinner after cashing in. You just can't write that in a novel.

Minus two stars because:

1- Although the narrative is centered around betting it big, the stakes never ultimately get higher than, like, moving from a very expensive house into a slightly less expensive one. To add to this, Dan's wife insists they take their kids on many costly, lavish vacations. I guess depending on your perspective this either ups the ante or just proves there wasn't much materially at stake here anyway. It's relatable to want complete financial independence from a grueling low wage job and bad living conditions, but Dan's deepest fears are a six-figure salary in middle management and a house worth less than half a million. This is a J. Crew-to-riches story.

2- I wanted more about the crypto-world and its vision. The author was a big believer because he hated corporations and centralized dealings. But what's the positive vision of decentralization, this power-to-the-people movement? How could Ethereum actually change aspects of our lives practically and for the better? There seemed to be something there but I didn't quite catch it.

Overall, entertaining and would recommend to someone who likes memoirs and wants a fun, easy way to learn more about the cryptocurrency world.
Profile Image for John Johnson.
232 reviews1 follower
May 10, 2020
When I bought this book, I thought it would be a book about cryptocurrencies; how they started and, more importantly, how they actually work. I hoped it would include details that could help me completely understand what a blockchain is and why it might be a currency disruptor, worldwide. It's not. This is the author's story of how he got into a particular crytocurrency called etherium, and how it changed his life. And, while the book wasn't quite what I wanted, it turned out to be a very interesting, readable story that I really enjoyed. Towards the end I found myself very anxious for Conway, wanting him to hurry up and just sell to get his money out, afraid he was going to lose it all and end up with nothing. I won't spoil it, though.

I don't doubt this is mostly a true story, but it reads like and novel and I found it very good.
1 review
January 5, 2020
Breathtaking true story

Breathtaking story of a person going against all odds and never backing out. A role model to us all. It is easy to say I would have done this or that looking at the final result. Most lucky outcomes need to have some part of sweat and tears put in it. You will read the book overnight without a doubt great read to inspire us all!

5 reviews
April 8, 2021
The last few chapters were incredibly written. I could feel my heart race (because of excitement or anxiety, who knows) because I just know that the 2018 crash was coming.

The first half though was a slog. Took ten chapters and almost a hundred pages to get to the crypto stuff. There is a better balance here.
This entire review has been hidden because of spoilers.
Profile Image for Utkarsh Mishra.
46 reviews1 follower
April 4, 2022
Probably my first 'modern' memoir, and a great one at that. Dan here was a 'degen' before it was a thing, and a damn good one at that. I LOVED the first act of his time at Acme (and I assume so did many of my fellow working readers).

It won't teach you how to be like him (because being like him means having insane guts). But it is a thrilling read nonetheless.
Profile Image for Linh Vu Dieu.
12 reviews2 followers
February 12, 2020
This is a story about the author, who invested in Ethereum and all the emotional stress he went through before becoming millionaire. Investing in any cryptocurrency requires trust, hope and long-term goals.
This entire review has been hidden because of spoilers.
1 review
December 28, 2019
Great insights about Ethereum

It's hilarious but the insights one gets about ethereum are priceless. Dan's predicament are just like those of many of us who are trapped in the corporate world but can't seem to find a way out.
22 reviews
February 9, 2020
Probably a 3.5. It was a quick read and had some interesting information, but the writing was not exactly my style.
Profile Image for Aurora.
363 reviews13 followers
April 26, 2020
I won this book as part of a Goodreads giveaway and the following is my honest review.
I appreciated the risk the author was willing to take and that he took his family along for the ride.
Profile Image for Eric.
693 reviews10 followers
August 29, 2020
I caught the Crypto bug and of course, this book was of interest. I enjoyed it, and it actually helped. Just read it and you'll see it. Especially if you're new in Crypto.
1 review
May 27, 2022
Awesome

I love this kind of books. Every time I read it I got new ideas to work on. Highly recommended
Profile Image for Дөл.
158 reviews2 followers
July 26, 2022
Wasn’t the biiiiiggest fan of the book as a whole but if anything, it strengthens my belief in blockchain and crypto in this bear market.
Profile Image for Andrea Norton.
155 reviews7 followers
November 25, 2019
Thank you NetGalley for the ARC!

I enjoyed this book, mainly because I learned a ton. You see, the business world is just not my deal. My eyes tend to glaze over and I sort of smile and nod until the conversation is over.

However, the title here got me. Cryptocurrency is interesting as we move into the future of the currency systems through the world. I was afraid I'd zone out because, well, business and stuff.

I'm happy to say I didn't. Dan Conway writes like he is talking to you in person. He explains and expands extremely well but doesn't talk to you like you're stupid or that he is better than you. I have a ton of respect for authors who can write like that. They are very rare.

Mr. Conway is also very open and raw about his struggles. This is not a man who just soared to the top and looks down on people. He fought like hell and went through hell, and he is not afraid to be honest about the struggles he faced.

Great book, great writing, and great guy. Definitely recommend!
Profile Image for Michael Cobble.
Author 7 books8 followers
November 17, 2019
Interesting story but gets too vague and long on certain chapters, especially during the first hundred pages where it starts to get to the point.

I liked how Dan covers the ups and downs of an amateur investor which is basically what the book is about, could have gone very wrong for him, but thankfully he managed to get a good result from his risky investment.

If you are reading the book looking for crypto information look somewhere else as it is a book on his life experiences getting out from corporate America to enjoy a great retired from work life.

In summary an entertaining story but not much to take from it.

I received an advance review copy for free, and I am leaving this review voluntarily.
2,934 reviews261 followers
September 16, 2019
I received a copy of this ebook from a Goodreads First Reads giveaway in exchange for an honest review.

This was not the book for me. From the tone to the writing style nothing about this book captivated me, despite the topic seeming interesting from the outside.

I'll admit Conway's writing style was hard for me to wrap my head around. Some of the book was in present tense, some in past tense, and he even refers to Hodor, of Game of Thrones, as Holdor, which shows a lack of editing or fact-checking. There is little actual dialogue in this book but lots of filler of "obviously" and "of course I" as the author walks us through his life. Except he glosses over the things that seem important - like the fact that he invested money without telling his wife. And then talks about how he tries to be extra nice to his wife to 'convince' her instead of having a conversation with her about their life savings. And references his addiction and sobriety, but fails to go into any depth about it to make it interesting. The author also uses choice phrases like making sure we know he's the most prominent person in his bloodline (!) and that he made lots of money because he's an innovator.

This book reminds me of other memoirs that tell you the author did A...then B...then C without any reflection, deeper insights, or anecdotes that give you a purpose to the book beyond the author telling you how they did something. If that's your kind of book, or if you want to know how much ETH was worth on any given day in time, then this book is for you.
1,472 reviews20 followers
October 14, 2019
This is the story of Everyman. The author was slogging his way through corporate America, living with an addiction that he thought was behind him. He had to deal with insane bureaucracy, and the dark, cynical side of his personality that turns on at inconvenient moments. There had to be something better.

He did a lot of research about this thing called cryptocurrency. It seemed like an excellent way to exit the "rat race." He wanted to invest the family's life savings, a substantial amount of money. His wife's "price" for her agreement was the taking of several expensive trips with their two young children.

Like any other investment, losing it all was a distinct possibility. Conway watched as his investment went up, with no sign of stopping. For him, it was not about simply making a lot of money. It was all about a lifestyle change, about never having to return to corporate America. Others urged him to sell some of his investment, to pay bills and the mortgage.

As fast as the price went up, it also went down. Did Conway panic and get out? At the end of the book, did the family move to some exotic place, like Ireland, to live off their wealth, or did Conway return to corporate America?

This is an excellent introduction to the world of cryptocurrency. It is very easy to read and understand. It is the kind of book that could have been written by anyone.
Profile Image for Jamie Bee.
Author 1 book119 followers
September 9, 2019
One Man’s Cryptocurrency Story

This book is written memoir style by a man who was able to make money by getting in on bitcoin and ethereum. While you do learn a lot about blockchain, bitcoin, and ethereum in the book, this is really more of his story, detailing his life from workaday corporate employee to crypto millionaire. The prologue is his screed against corporate America and in praise of alternatives like cryptocurrencies. I know a little about cryptocurrencies from watching a few documentaries, but it was fascinating to watch in action from a personal perspective, seeing it make a difference in one man’s life. If you have any interest in the subject, the book is a fascinating read. There was only one thing I didn't like about it. It has a surprising amount of profanity including variations on the F-word. I just don't like profanity in books, whether it's fiction, memoir, or nonfiction. Other than that, though, I found it to be a compelling read.

I received a free advance copy, but that did not affect my review.

Read my other reviews at https://www.readingfanaticreviews.com.
Profile Image for Shaun.
289 reviews17 followers
September 20, 2019
I received a copy of this e-book for free through a Goodreads First Reads Giveaway.

An interesting look into the world of cryptocurrency. Conway is candid in his adventures, however it's somewhat superficial. I think if he had gone more in-depth with his personal life, struggles, successes beyond the crypto world, it would have made him more likeable. As it is, his likeability decreases as the book progresses. It turns into more of a bragging session (with some roadblocks and cliffs along the way). That's not necessarily a bad thing, however it tends to dehumanize him a bit to those not involved in the crypto world.

Overall, if you have an interest in the some of the history of crypto (mainly ETH) then it would be a good read for you. There isn't much technical explanation of blockchains or crypto itself other than a broad overview (not really the purpose of the book anyway). However there is a bit of technical/crypto-world jargon throughout, which may be confusing for those without that knowledge.
Profile Image for Rebeca Núñez.
801 reviews37 followers
July 26, 2019
** Thanks to Netgalley and the publisher for providing me with the digital copy of this book in exchange for my honest review **
Interesante si te interesan los entresijos del mundo de las cripto monedas, pero no del punto de vista técnico, sino mas del punto de vista anecdótico. Es fácil de leer, se lee en poco tiempo. La historia es la misma de muchos, atrapados en el mundo corporativo, y que toma riesgos. Es cautivador y en cierto punto hasta puede ser motivador.
6 reviews
October 29, 2019
I Think I'm Hooked

I had already bought my first fraction of Bitcoin when I decided to see what information could be had on Kindle Unlimited. After reading this book, I am completely intrigued and excited about Blockchain and hope that I can maintain some objectivity as I inevitably invest.
Profile Image for Amanda.
1,260 reviews11 followers
July 30, 2019
Okay so this one you need to have some basic information on how crypto works but it’s a good book. He breaks it down for you a bit. Good story just a little slow at times.
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