I’ve been collecting arguments against Bitcoin over the years. I felt that I could answer them, almost all of them; it was a constant frustration to be unable to respond when I heard TV pundits lambast Bitcoin with an argument that I thought was particularly weak. If only I could contain all my thoughts in one reproducible place. So I wrote a book.
The book is called ‘The Case for Bitcoin’. I explore Bitcoin the protocol and the trustless paradigm more generally. What are the hurdles and what are the opportunities? What are the implications for society and for economics when trusted middlemen can be dispensed with? What other sorts of things can exist on blockchains? The inspiration of Bitcoin has sent a potent message to developers and enthusiasts throughout the world. But no where, I felt, had the scope of that potential been properly communicated to a lay audience. I felt impelled to write.
‘The Case for Bitcoin’ was a challenge to write. I had to boil down my knowledge and excitement regarding Bitcoin into legible pages. I had to force myself to eschew hyperbole, which I knew would not be pleasant to read. Moreover I felt impelled to include a ‘Bitcoin’s Weaknesses’ section where I outlined plausible weaknesses to the protocol going forward: 51% attacks, scalability, etc.
I spent a considerable amount of time discussing economic history, and answering the most common criticisms of Bitcoin. A general theme was that political processes are far less reliable than mathematical rules; with Bitcoin you don’t have to trust people. That’s a good thing.
A few chapters are devoted to other things that can be built with Bitcoin, cryptographic finance, identity systems, blockchain swarms, and homographic organisms! There’s a lot of futurology which I hope will be enjoyable to the reader.
Check out the new Kindle Ebook here. I’d be flattered if someone read it and felt that they’d learned something.