Product description
From the Inside Flap
Permanent and pervasive change is being driven by the technological and cultural transition known as crypto. Written by Anthony Scaramucci, founder and co-managing partner of SkyBridge Capital, The Little Book of Bitcoin describes how crypto works and how it will impact your financial life.
This book begins with a review of the “magic math” behind the cryptographic function called a hash, explaining how they can be used to create a verifiable authentic copy of any digital file, as well as how a hash can be updated and shared by the owner of the digital file. Scaramucci then delves into the idea of the “public computer” of crypto, where uninterrupted and unhackable orchestrated cooperation between users is achieved.
From there, this book covers the digitization of dollars through stablecoins such as Tether and Circle and the inevitable legislation of stablecoins, as well as more functional protocols of crypto, such as Ethereum, and the various applications it enables. Readers will also learn about “mining” and “staking” in Bitcoin and Ethereum respectively, which invite participation from users around the world.
Trading the growing number of cryptocurrencies is covered next, especially using community (known as decentralized or DeFi) platforms like Uniswap, as well as centralized alternatives such as Binance and the pros and cons of each type of trading. Lastly, this book covers the ongoing challenges of implementing anti-money laundering (AML) and know your customer (KYC) verification processes in anonymized community platforms, as well as the broader implications of decentralized finance worldwide.
The Little Book of Bitcoin is an essential up-to-date guide on digital asset technology and its disruptive effects for finance professionals worldwide.
From the Back Cover
Praise for
THE LITTLE BOOK OF BITCOIN
“The Little Book of Bitcoin explains how this groundbreaking technology fixes our broken money and fosters freedom from financial repression, freedom from transactional censorship, and freedom from seizure. Reckless money printing has broken the backs of American households and funded endless wars. Bitcoin provides an offramp from this insanity.”
―ROBERT F. KENNEDY, JR., American Politician and Environmental Lawyer
“The Little Book of Bitcoin provides a compelling exploration of Anthony’s intellectual journey from bitcoin skeptic to prominent bitcoin investor. The book makes a strong case for incorporating bitcoin ETFs into a diversified portfolio.”
―PETE BRIGER, JR., Chairman, Fortress Investment Group
“The Little Book of Bitcoin argues persuasively that bitcoin is inevitable and unstoppable because of spiraling government debt across the globe. Anthony does a terrific job explaining why bitcoin will become a mainstream investment asset that will be broadly owned by individuals, institutions, corporations and governments.”
―BRETT S. MESSING, President and Co-Chief Investment Officer, SkyBridge Capital
About the Author
Anthony Scaramucci, JD, is the founder and co-managing partner of SkyBridge Capital, the global alternative investment manager that invests in hedge funds, digital assets, private equity, and real estate.
Gregory –
Worth more than the feverish read I gave it.
I will come back to this book again. I ordered the hardcopy and decided not to wait until January to read it. So I bought the Kindle book and tore through it in record time. It’s very accessible, and when it comes to financial information such as this, as a neophyte in these areas I needed it to be so.I got this book because it just didn’t make any sense to me what a digital currency was. But after the authors step-by-step review of the history of money, it’s beginning to become clear to me. I appreciate having physical books, so I will not cancel the hardbound copy I have on order. Good books are worth having in both digital and hardcopy form in my opinion.If you feel clueless on all things bitcoin, welcome to the club, and this book is very much worth your time.