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Bitcoin: Independence Reimagined
This follow-up to " Sovereignty Through Mathematics" describes the old boxes we have been operating within, and how Bitcoin encourages us to challenge and reshape them. It takes the reader deeper down the rabbit hole and reveals how the honey badger that lives there is still indifferent to people's opinions about it.
- GenresEconomics
107 pages, Kindle Edition
Published April 20, 2020
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94 people want to read
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Displaying 1 - 2 of 2 reviews
January 3, 2021
I somehow feel this book has been written to rant at the current system (govt, banks, society, etc.) rather than for imparting knowledge.
I agree that the current system is far from perfect and even though we're in a democracy we're not 100% free.. but to say that bitcoin is the savior - nah, I don't think so.
In this book, bitcoin is compared to gold and that it can be used as a store of value + medium of exchange, but how do we use it as a medium of exchange if its value heavily fluctuates every 10 mins. ex. lets say I can buy 10 apples now with 1 BTC; if I wait for another 10 mins or so, I can only by 5 apples with the same 1 BTC or at times 50 apples. How do we ever use it to as a medium of exchange, ever?!
Just because bitcoin is capped at 21M and nothing can be ever created again, we cant call it the best currency out there. If US govt were to say they would demolish all currency printing presses right now and whatever dollar is there in circulation is the final amount, would that be same as bitcoin then? The dollar would become defaltionary then .. as the supply is capped.
Of course, BTC is infinitely divisible and can go further than the dollar - ex. if I can buy a car with a penny, then how do I buy a bread loaf? .. but we're already moving to digital transfers and such - so, making dollar infinitely divisible (like satoshis) is not impossible either. We're going to stop carrying cash eventually.
Bitcoin might help us decouple from the fractional reserve banks who might time and now make bad decisions, go bankrupt and lose our money .. or might impose sanctions and lock out our money from us. However, saying that we need to decouple from the govt, however bad it is will end up not so good for the average people. For ex. what about security? If there were no govt or whatsoever, how do I protect my bitcoin against people who come to my house, force me to transfer BTC to them or kill my wife? We as a society cannot fight all these alone; the central structure has to do that and we'll compensate them (via taxes, yes).
Yes, govts are BS now and do bad financial decisions, but there are so many other aspects than just finance. We cant just do away with govts and go back to our hunter-gatherer era.
Still, not convinced of the rant that bitcoin is everything in future. May be it is and may be the arguments in this book weren't convincing.
The chapters felt like essays that wouldn't break anywhere - better organization needed.
Nonetheless, not a bad read though, give it a read, if you have a couple hours to spare.
I agree that the current system is far from perfect and even though we're in a democracy we're not 100% free.. but to say that bitcoin is the savior - nah, I don't think so.
In this book, bitcoin is compared to gold and that it can be used as a store of value + medium of exchange, but how do we use it as a medium of exchange if its value heavily fluctuates every 10 mins. ex. lets say I can buy 10 apples now with 1 BTC; if I wait for another 10 mins or so, I can only by 5 apples with the same 1 BTC or at times 50 apples. How do we ever use it to as a medium of exchange, ever?!
Just because bitcoin is capped at 21M and nothing can be ever created again, we cant call it the best currency out there. If US govt were to say they would demolish all currency printing presses right now and whatever dollar is there in circulation is the final amount, would that be same as bitcoin then? The dollar would become defaltionary then .. as the supply is capped.
Of course, BTC is infinitely divisible and can go further than the dollar - ex. if I can buy a car with a penny, then how do I buy a bread loaf? .. but we're already moving to digital transfers and such - so, making dollar infinitely divisible (like satoshis) is not impossible either. We're going to stop carrying cash eventually.
Bitcoin might help us decouple from the fractional reserve banks who might time and now make bad decisions, go bankrupt and lose our money .. or might impose sanctions and lock out our money from us. However, saying that we need to decouple from the govt, however bad it is will end up not so good for the average people. For ex. what about security? If there were no govt or whatsoever, how do I protect my bitcoin against people who come to my house, force me to transfer BTC to them or kill my wife? We as a society cannot fight all these alone; the central structure has to do that and we'll compensate them (via taxes, yes).
Yes, govts are BS now and do bad financial decisions, but there are so many other aspects than just finance. We cant just do away with govts and go back to our hunter-gatherer era.
Still, not convinced of the rant that bitcoin is everything in future. May be it is and may be the arguments in this book weren't convincing.
The chapters felt like essays that wouldn't break anywhere - better organization needed.
Nonetheless, not a bad read though, give it a read, if you have a couple hours to spare.
July 11, 2021
excellent - more about freedom than bitcoin
must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read it again
must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read must read this book. .read it read read read read read read it again
Displaying 1 - 2 of 2 reviews