Cryptoassets

The Innovative Investor's Guide to Bitcoin and Beyond

by Chris Burniske , Jack Tatar

Number of pages: 368

Publisher: McGraw-Hill Education

BBB Library: Economics and Investment, Technology and Globalization

ISBN: 978-1260026672



About the Authors

Chris Burniske : Chris Burniske is a cofounder of Placeholder Ventures, a New York

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Jack Tatar : Jack Tatar is an angel investor and advisor to startups in

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Editorial Review

The Internet has irrevocably changed the world, and it continues to do so as developers build on the platform of connection it creates. Thus, far, the World Wide Web has been the greatest meta-application to leverage the underlying fiber of the Internet. The indexed web contains at least 4.73 billion pages, nearing the point where there will be one page for every human.   Blockchain technology came from Bitcoin. In other words, Bitcoin is the mother of blockchain technology. Bitcoin is a platform that carries upon it programmable money, known as bitcoins. The technological foundation of this platform is a distributed and digital ledger referred to as a blockchain. In January 2009, when Bitcoin was first released, it embodied the first working implementation of a blockchain the world had seen.

Book Reviews

“This book, while having a lot of repeat information, has given me a lot to think about. I plan to apply many of the concepts I have learned here to improve my fundamental analysis of cryptos. I consider myself a techno-fundamentalist in stock trading. However, in crypto trading I have leaned very heavily on technicals as analyzing the fundamentals is entirely different here than in stocks. I have relied on the opinions of others too heavily. I am too skeptical a person for that.” – Medium

“It's a readable way for the beginner to get a handle on this question; the book outlines the kind of techniques that investors use when thinking about putting their hard-earned cash into one investment pot or another.” – Steemit

“Anyone looking for a comprehensive introduction to cryptoassets would benefit from reading this book. It would be particularly useful for financial advisors looking to educate themselves in order to address client questions or advisors considering cryptoassets for inclusion in client portfolios. The book is very much written in the language of the financial professional.” – Demonetized

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Wisdom to Share

Bitcoin is a platform that carries programmable money. The technological foundation of this platform is a distributed and digital ledger referred to as a blockchain.

The combination of globally distributed computers that can cryptographically verify transactions and the building of Bitcoin's blockchain leads to an immutable database.

Competition for a financial reward is also what keeps Bitcoin's blockchain secure.

Broadly, there are two types of entities that can own the hardware supporting blockchain: public and private.

Many public blockchains are markedly different from one another. Some members of the early Bitcoin community feel the definition of what makes something a blockchain should be very specific, in particular, that any blockchain must use proof-of-work as the means of consensus.

Historically, cryptoassets have most commonly been referred to as cryptocurrencies, which we think confuses new users and constrains the conversation on the future of these assets.

What the innovative investor now needs is a framework to understand the general patterns to be expected of all cryptoassets going forward.

Governance and supply schedules play an important role in the use cases of an asset. For equities and bonds, the use cases are straightforward.

Cryptoassets have two drivers of their basis of value: utility and speculative.

Cryptoasset that is already operating provides a wealth of information, which can be used to build upon foundational information.

A brief history of the evolution of mining is needed so that the innovative investor can better understand the current state of affairs for Bitcoin and other cryptoassets.

A brief history of the evolution of mining is needed so that the innovative investor can better understand the current state of affairs for Bitcoin and other cryptoassets.