Review of Bitcoin Answered

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Patag Ghosal
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Review of Bitcoin Answered

Post by Patag Ghosal »

[Following is a volunteer review of "Bitcoin Answered" by Jon Law.]
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4 out of 4 stars
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In the current world of finance and technology, the topics of cryptocurrency, blockchain, and bitcoin represent the latest technological advancements that exhibit unique characteristics and promise multiple utilities and potential benefits. Bitcoin Answered: A Beginner’s Guide to Everything Bitcoin by Jon Law is a comprehensive and detailed guide into the world of bitcoin and cryptocurrency as a technology and as an investment. The book distills the complexity behind the technology of bitcoin and takes you through the journey of bitcoin right from its humble beginnings to the brand value it commands in the current day both in the cryptocurrency investment markets and as a futuristic technology.

The author narrates the book in an informative tone with a question-answer format that works incredibly well in elucidating the core concepts behind bitcoin and the economic fundamentals of the technology it operates on. The author intricately breaks down the entire blockchain ecosystem and its related jargon into simpler terms and manages to efficiently describe the workings of various complicated structures such as nodes, wallets, addresses, and the entire decentralized network. The author also relates bitcoin to other physical investment avenues and explains how its value is derived from decentralization and the utility of the technology itself. He also explains the reasons behind its global popularity and highlights other cryptocurrencies that also provide varied use cases while adopting the technology. The glossary and specific references to key additional materials that the reader may refer to if interested is a great feature and adds to an enhanced understanding of the topics.

The book goes to great lengths to provide an understanding of the investment potential of bitcoin and cryptocurrency in general and additionally provides well-rounded reasoning in terms of fundamental and technical analysis. I specifically liked that the author clearly mentioned that investments must be done only after proper research and understanding and has preached appropriate caution and valuable suggestions to consider before investing in cryptocurrency.

There are no negative points about this book. It is exceptionally well-edited and has no errors and has been written in a simple and easy-to-understand language for readers of all ages, without any pre-requisite of technical knowledge. Thus, considering the aforementioned points, this book justly deserves a solid rating of [b/4 out of 4 stars[/b].

The book is a definite must-read for people of all ages who want to explore the basics of leading new technology, the utility and value it currently provides in our life, and the possible future use cases of the same. It has no explicit language or profanity and is also a great read for people who want to understand the basic workings and uses of bitcoin and cryptocurrency and the investment tenets behind it.

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Bitcoin Answered
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