Proof of Money: The Big Idea Behind Bitcoin

What You Don’t Know about Why You Need It

De: Terence Michael

Narrado por: Terence Michael

Bitcoin can grow and secure your wealth for generations.

But the key is knowing how, why, and when.

Get ready to challenge what you think you know about money.

Bitcoin is a better all-in-one investment:

• No monetary debasement
• No intermediaries, brokers, managers
• No rehypothecation
• Full bearer asset you hold
• No need to financialize things you don't care about

Bitcoin is better than stocks and bonds:

• No centralization
• No counterparty risk
• No VIP, IPO, or insider privilege
• No CEO or executive decisions

Bitcoin digitizes gold:

• Makes it portable, divisible, verifiable, frictionless

Bitcoin is the "internet of money":

• 24/7 access, decentralized, permission-less, lightning fast

Bitcoin demonetizes income real estate:

• No maintenance, deterioration, property taxes, tenants, liens
• Liquid, fractional, instant, mobile
• Absolute scarcity and sovereign rights for anyone

Bitcoin revolutionizes money technology:

• Auditable, immutable, transparent, open-source
• Unhackable ledger of value secured by energy

Bitcoin improves the environment:

• Stabilizes electric grids
• Emits zero carbon emissions
• Removes methane and CO2 from others
• Consumes less than 0.1 percent of global energy
• Relies solely on wasted, discarded, stranded, renewable energy

Bitcoin is freedom for eight billion people:

• For the unbanked, oppressed, disenfranchised
• Sees no borders, race, religion, politics, sex, or status
• Equality of opportunity and value for all

Bitcoin is a separation of money from the state:

• Free from confiscation, sanction, manipulation, censorship
• Supports independence, activism, or privacy
• Accountable only to the holder, a bank of the brain

The secret to unlocking Bitcoin is understanding its principles and properties.

Whether you're a seasoned investor or a curious newcomer, this book will transform your relationship with money (and help you gain more of it).

©2023 Terence Michael (P)2023 Terence Michael

Brings many concepts together nicely

This book was really enjoyable to listen to. The author does a fantastic job explaining in simple terms some very complex ideas. It was educational, while still sounding conversational (even listening to it at 1.2x). I especially loved his take on the petrodollar. I have felt this way for years but haven't heard anybody else hit the nail on the head as was done here. There are so many Bitcoin books, and this is another one. I think that this one in particular would be one that I would recommend to a friend or family member to give them a fairly complete picture of the value of Bitcoin, without being overly technical or preachy.

Synthesized

Proof of Money is a great bitcoin book for any level of Bitcoin understanding! The structure of the book is structured like a true textbook but reads like a story! If you know nothing about money or bitcoin I HIGHLY recommend it. If you already know something about the topic check out the table of contents, there will be something that interests you.

Great information

Everything you need to or want to know about bitcoin is explained well and clearly in this book

Great Book

Thanks Terence for wonderful book!!! Having been in the bitcoin space for 3 years now, I found this book to be very approachable and easy to follow. Most bitcoin books are overly technical and forget who the audience is (normies who are trying to learn about what Bitcoin is and what it does). Terence does an amazing job pulling the myriad of technical concepts that is Bitcoin into mini stories that most will be able to relate too. I highly recommend this book for Bitcoin interested and seasoned Bitcoin individuals, you will not need be disappointed.

Complete Story

I was drawn in from the start of this book. It was very interesting and ultimately gave a compelling story for why “Bitcoin.” Opened my eyes about the adoption around the world. I am making my kids read this book and I will be getting copies to pass out to some key people.

Incredible read!

Please read this book! If you wanna learn more about Bitcoin and it’s impact on you personally, and the world, you must read this book. It deals with every question, with a humble argument, Terence is a talented person that is still undiscovered.

Incredible

A book I can’t even find anything to argue about. Great read. Quit scrolling social media and spend 7 hours to give it a listen

Amazing book on how bitcoin can free humanity

Great knowledge and wisdom on how bitcoin can change the entire world we know. Highly recommended for everyone interested to understand macro economy and bitcoin impact.

content

The content was pure signal my new favorite read. No fluff straight to the point! Unbelievably concise for the amount of content, a beginner could read this book 2 or 3 times and be years ahead of the average journey to reach a few of the more nuanced concepts of the coin.

Best bitcoin book yet

Proof of money is one of the best bitcoin books I’ve ever read. It’s concise and allows you to get to know, not only the network of bitcoin, but the asset as well. It’s not overly technical and explains things so that anyone can understand, if given a chance. I will be recommending this book as the one to start one’s bitcoin journey.