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Bitcoin, Cryptocurrencies And Blockchain 2018 - Mining Truth From Fiction
Martin Baker

Bitcoin, Cryptocurrencies And Blockchain 2018 - Mining Truth From Fiction

BusinessAndFinance

Voters Rating 1178 / Published

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Synopsis

This book, to borrow the vocabulary of the cryptoscenti, will mine some truths from the myriad fictions in the world of Bitcoin, cryptocurrencies and blockchain. It brings a little old-fashioned journalism and reporting to bear on a febrile situation. Amid all the hype and the violent market fluctuations, there are some simple facts to be extricated. You will find them within.

Extract

The market-mania story around cryptocurrencies is still unfolding. If it all folds and the bull market ends, you can be certain there will be a rash of books, written with the counterfeit certainty of 20:20 hindsight, on how the whole house of digital cards was no more than that – a house of cards. But as I write, there are analysts of this very uneven and imperfect market predicting that Bitcoin will rise to over $100,000 from its current position between $12-18,000. Warren Buffett gave an interview to CNBC in mid-January 2018 in which he proclaimed he could say “with almost certainty that [cryptocurrencies] will come to a bad ending”. Is he right?  The economist Robert Shiller, a professor at Yale, Nobel prize winner and author of Irrational Exuberance (which also offered insight into the tech-stock bubble) believes the weight of bull sentiment will, in the short term, rip bearish investment positions to shreds. 


But this short book will not attempt prediction or analysis. It will not offer extended, juicy anecdotes – as none of these stories has reached a proper conclusion at the time of writing. What it will do is describe market phenomena; it will decode some of the jargon; it will explain what mystifying technical terms actually mean; it will offer a guide as to how to find exchanges, commentary, and even offer basic guidance as to how to get involved in dealing in cryptocurrencies (digital wallets, dealing, etc)…


I have tried to bring a little old-fashioned journalism and reporting to bear on a febrile situation. Amid all the hype and the violent market fluctuations, there are some simple facts to be extricated. This book, to borrow the vocabulary of the cryptoscenti, will mine some truths from the myriad fictions in the world of Bitcoin, cryptocurrencies and blockchain. 


-      London, January 2018

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