{"product_id":"the-bitcoin-big-bang-isbn-9781118963661","title":"The Bitcoin Big Bang","description":"\u003cb\u003eGet a handle on the digital currency revolution, and learn how to get on board\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e is a guide to navigating the uncharted territory of digital currency. Written by CNBC contributor Brian Kelly, this book goes beyond Bitcoin 101 to explain how this transformative technology is about to change the world. Digital currency is thrown into perspective against the history of payment systems and its own evolution, as readers are invited to explore the ways in which this technology is already changing the way business gets done. Readers gain insight into the mechanisms behind Bitcoin, and an expert perspective on digital currency's effect on the future of money and the economic implications of the Bitcoin revolution.\u003c\/p\u003e \u003cp\u003eIn the same way that e-mail changed the way we transfer information, the decentralized Bitcoin network is about to revolutionize the business world, the legal profession, and even the role of the government. \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e dives head first into this paradigm shift, allowing readers to:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplore the origins of digital currency\u003c\/li\u003e \u003cli\u003eLearn the history and evolution of payment systems\u003c\/li\u003e \u003cli\u003eDiscover how the Bitcoin network is facilitating free and instant transfer of value\u003c\/li\u003e \u003cli\u003eUnderstand the mining of Bitcoin, and how to invest\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThe digital currency revolution has implications that spread far beyond the finance industry. Anyone who exchanges payment for goods and services is on the cusp of the next big push in societal evolution, and only an understanding of the technology and a clear knowledge of the systems and behaviors at play can fully prepare us for the changes to come. \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e is the go-to guide, helping those who use money use it better.\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Bitcoin Is a Bubble 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Quest to Buy Bitcoin 3\u003c\/p\u003e \u003cp\u003eBitcoin Enlightenment 6\u003c\/p\u003e \u003cp\u003eCurrencies Are a Matter of Trust 8\u003c\/p\u003e \u003cp\u003eWhat Is Bitcoin? 10\u003c\/p\u003e \u003cp\u003eIs It a Currency? 13\u003c\/p\u003e \u003cp\u003eIt’s Revolutionary 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Understanding the Digital Gold Rush 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Language of Bitcoin 22\u003c\/p\u003e \u003cp\u003eHow Do I Buy Bitcoin? 26\u003c\/p\u003e \u003cp\u003eWho “Gets” It? 30\u003c\/p\u003e \u003cp\u003eThe Gold Rush Is Just Starting 31\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Bitcoin Is More than Digital Gold 33\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSearching for Satoshi 34\u003c\/p\u003e \u003cp\u003eWhy Is Satoshi a Genius? 44\u003c\/p\u003e \u003cp\u003eBigger than Satoshi 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Byzantine Generals’ Problem 49\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Does Bitcoin Solve the BGP? 52\u003c\/p\u003e \u003cp\u003e51 Percent Attack 55\u003c\/p\u003e \u003cp\u003eAn Elegant Solution 57\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 A Decentralized Financial System 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGrand De-Central Station 63\u003c\/p\u003e \u003cp\u003eWhat’s at Stake? 69\u003c\/p\u003e \u003cp\u003eCentral Banks 72\u003c\/p\u003e \u003cp\u003eBitcoin Is the Catalyst 73\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 What Do You Call a Bitcoin Miner? A Banker 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Does a Bitcoin Transaction Work? 77\u003c\/p\u003e \u003cp\u003eWhat Is Cryptography? 78\u003c\/p\u003e \u003cp\u003eStill Want to Be a Miner? 82\u003c\/p\u003e \u003cp\u003eDo We Need Another Bitcoin? 88\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Nautiluscoin—0 to $1 Million in 60 Days 91\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCreating the Coin 94\u003c\/p\u003e \u003cp\u003eDid It Work? 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Building the Nautiluscoin Economy 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDynamic Proof-of-Stake 110\u003c\/p\u003e \u003cp\u003eOther Policy Tools 113\u003c\/p\u003e \u003cp\u003eAlternative to Gold 115\u003c\/p\u003e \u003cp\u003eMoney, Made Better 116\u003c\/p\u003e \u003cp\u003eFinancial Market Integration 117\u003c\/p\u003e \u003cp\u003eSpecial Drawing Rights 119\u003c\/p\u003e \u003cp\u003eWhy NAUT? 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 Investing and Trading in Alternative Currencies 121\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA New Investment Class 123\u003c\/p\u003e \u003cp\u003eValuation 129\u003c\/p\u003e \u003cp\u003eExchanges 133\u003c\/p\u003e \u003cp\u003eInvestment Vehicles 134\u003c\/p\u003e \u003cp\u003eAsset Class Growth 136\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 10 Regulation 139\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRegulatory Agencies 140\u003c\/p\u003e \u003cp\u003eChallenges to Regulation 147\u003c\/p\u003e \u003cp\u003ePushing on a String 147\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 11 Smart Money: Set It and Forget It 149\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRules of the Road 151\u003c\/p\u003e \u003cp\u003eSmart Contracts and Property 152\u003c\/p\u003e \u003cp\u003eEthereum 155\u003c\/p\u003e \u003cp\u003eCryptoequities: A New Type of Investment 160\u003c\/p\u003e \u003cp\u003eDecentralized Autonomous Organizations 161\u003c\/p\u003e \u003cp\u003eProfessor Money 162\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 12 Everything You Know about Business Is Wrong 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCryptonomics 166\u003c\/p\u003e \u003cp\u003eGrowth Share Matrix 169\u003c\/p\u003e \u003cp\u003eLearning Curve Effects 171\u003c\/p\u003e \u003cp\u003ePorter’s Three Generic Strategies 172\u003c\/p\u003e \u003cp\u003eHuman Resource Management 173\u003c\/p\u003e \u003cp\u003eFueling the Sharing Economy 174\u003c\/p\u003e \u003cp\u003eThe Future Just Might Work 176\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 1 Department of the Treasury Financial Crimes Enforcement Network Guidance\u003c\/b\u003e\u003cbr\u003e \u003ci\u003eFin-20 13-G00 1\u003cbr\u003e Issued: March 18, 2013\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSubject: Application of FinCEN’s Regulations to Persons Administering, Exchanging, or Using Virtual Currencies 179\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eCurrency vs. Virtual Currency 180\u003c\/p\u003e \u003cp\u003eBackground 180\u003c\/p\u003e \u003cp\u003eDefinitions of User, Exchanger, and Administrator 181\u003c\/p\u003e \u003cp\u003eUsers of Virtual Currency 181\u003c\/p\u003e \u003cp\u003eAdministrators and Exchangers of Virtual Currency 182\u003c\/p\u003e \u003cp\u003eProviders and Sellers of Prepaid Access 185\u003c\/p\u003e \u003cp\u003eDealers in Foreign Exchange 186\u003c\/p\u003e \u003cp\u003e\u003cb\u003eAppendix 2 New York State Department of Financial Services Proposed New York Codes, Rules and Regulations\u003c\/b\u003e\u003cbr\u003e \u003ci\u003eTitle 23. Department of Financial Services\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eChapter I. Regulations of the Superintendent of Financial Services Part 200. Virtual Currencies 187\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eSection 200.1 Introduction 188\u003c\/p\u003e \u003cp\u003eSection 200.2 Definitions 188\u003c\/p\u003e \u003cp\u003eSection 200.3 License 190\u003c\/p\u003e \u003cp\u003eSection 200.4 Application 191\u003c\/p\u003e \u003cp\u003eSection 200.5 Application Fees 193\u003c\/p\u003e \u003cp\u003eSection 200.6 Action by Superintendent 193\u003c\/p\u003e \u003cp\u003eSection 200.7 Compliance 195\u003c\/p\u003e \u003cp\u003eSection 200.8 Capital Requirements 196\u003c\/p\u003e \u003cp\u003eSection 200.9 Custody and Protection of Customer Assets 197\u003c\/p\u003e \u003cp\u003eSection 200.10 Material Change to Business 197\u003c\/p\u003e \u003cp\u003eSection 200.11 Change of Control; Mergers and Acquisitions 198\u003c\/p\u003e \u003cp\u003eSection 200.12 Books and Records 200\u003c\/p\u003e \u003cp\u003eSection 200.13 Examinations 201\u003c\/p\u003e \u003cp\u003eSection 200.14 Reports and Financial Disclosures 202\u003c\/p\u003e \u003cp\u003eSection 200.15 Anti–Money Laundering Program 203\u003c\/p\u003e \u003cp\u003eSection 200.16 Cyber Security Program 207\u003c\/p\u003e \u003cp\u003eSection 200.17 Business Continuity and Disaster Recovery 210\u003c\/p\u003e \u003cp\u003eSection 200.18 Advertising and Marketing 211\u003c\/p\u003e \u003cp\u003eSection 200.19 Consumer Protection 212\u003c\/p\u003e \u003cp\u003eSection 200.20 Complaints 215\u003c\/p\u003e \u003cp\u003eSection 200.21 Transitional Period 215\u003c\/p\u003e \u003cp\u003eIndex 217\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eBRIAN KELLY\u003c\/b\u003e is a CNBC contributor who regularly appears on \u003ci\u003eFast Money, Halftime Report\u003c\/i\u003e, and \u003ci\u003eThe Kudlow Report\u003c\/i\u003e. His 20 years of success in U.S. and foreign currency and equities trading have gained him enormous respect among the clients of his investment management firm, Brian Kelly Capital, LLC, which focuses on global macro and currency investing. Brian holds an MBA from Babson Graduate School of Business, with a concentration in finance and econometrics.   \u003c\/p\u003e\u003cp\u003eBitcoin gained notoriety among the public when it was linked to global black market trading rings, but the technology behind Bitcoin makes it far more interesting than your average alternative currency. \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e approaches Bitcoin from a more complex perspective than has previously been attempted. Brian Kelly, a currency investment specialist with over 20 years of experience, conducted extensive research into the Bitcoin revolution and discovered a potential for widespread social transformation. \u003c\/p\u003e\u003cp\u003eAn understanding of how Bitcoin is changing the future of finance, and even the nature of the Internet itself, is mandatory for anyone looking to invest in or prepare for new trading platforms. Uniquely, \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e emphasizes the technological underpinning of Bitcoin—the “blockchain.” Whether Bitcoin is or isn’t a legitimate currency is, according to Brian Kelly, next to irrelevant. With its ability to record every Bitcoin transaction and securely transfer value over insecure networks, the blockchain is a game changer. A world without identity theft, an Internet without passwords, a decentralized financial system, self-securing investments—all these previously unthinkable advances are possible using a technology that was given away for free by an enigmatic developer. \u003c\/p\u003e\u003cp\u003eThose who are interested in investing in Bitcoin through purchasing or “mining” will find enough information to get started in \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e. However, this book goes further than Bitcoin 101. Business readers will appreciate the in-depth look at regulatory issues and the discussions of cryptography, business strategy, human resource management, and the sharing economy. This is the long view. Looking beyond the bubble to the new reality of digital currency trading is a move any smart investor ought to make. Ultimately, \u003ci\u003eThe Bitcoin Big Bang\u003c\/i\u003e answers one of the most pressing questions in finance, business, government, and beyond: “What is Bitcoin and how will it change the world?”\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990168355045,"sku":"NP9781118963661","price":34.95,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118963661.jpg?v=1761786766","url":"https:\/\/k12savings.com\/es\/products\/the-bitcoin-big-bang-isbn-9781118963661","provider":"K12savings","version":"1.0","type":"link"}