Synopsis:

Bitcoin Fixes This

This book is meant to be a crash course primer on bitcoin. It’s written with what hopefully reads in a punchy style, concise, and with a dash of humor. It’s meant to be readable by someone who has never heard of the subject matter and simply wants to know more. Occasional language herein pulls from an emergent glossary surrounding the topic, but will be accompanied with an explanation as to why. The opening chapter contains the thesis of the book, that money has evolved over time, from seashells to gold to credit cards, and that digital cryptocurrency is the next step in that evolution. The primary thread behind this evolution is that currency – in whatever form – is fueled by attention and that attention en masse acts as a sort of “judge, jury, and executioner” for money’s variegated forms. 

The reader will find amidst its pages the eminent history of gold, the inimitable role of The Federal Reserve and all Central Banks, the origination of bitcoin and the financial soothsayers that envisioned its creation, the meaning of “sound money” and how bitcoin’s characteristics conform to it, as well as rudimentary technical explanations of how it works and why. The most philosophical component of the book is an extrapolation of the meaning of attention, an analysis of the nature of herd mentality and hive minds, as well as the dexterous role bitcoin plays around electricity, its capacity to incentivize electrification and become an energetic unit of account, and its palliative potential when placed up against the pernicious claws of debt hooked into emerging nation states. 

The prevailing argument around all subject matter covered is encompassed by a neologic aphorism, which is:  “bitcoin fixes this”. A neologism is a new word. Bitcoin is a new word. An aphorism is “a comprehensive principle expressed in a few words”. Fixes this is the aphorism. Bitcoin fixes this. While that may or may not be the case it couldn’t ever be unless we pay attention to bitcoin.

The Evolution of Money:

Originally titled, “The Evolution of Money”, this is now the first chapter title which explores our financial evolution through various types of currency under the presupposition that, “Money is a medium of exchange which people agree to pay attention to.”

The Gold Standard and How The Dollar Floated Away:

The second chapter in this book delves into the history of this mysterious metal, and how it plays a role in the improvement of our financial system. Gold is something astral as it resists the earth’s magnetic pull…

What the F is The Fed?:

Perhaps the hardest chapter I had to write was explaining the role of the Federal Reserve. This was the biggest hurdle in the progress of this book but once I got over the top of it, the rest fell into place. Fun fact: When The Fed buys securities on the open-market it’s actually controlled by SOMA (System Open Market Account), — ironic that this was the drug that kept the masses idle in Aldous Huxley’s, Brave New World.

Chapters 4-12:

From there, it was The Genesis Block, an affection title for Nakamoto “The Bitcoin General”, and then the Prophets of Bitcoin, from there unpacking the ins-and-outs of how this new digital worldwide settlement layer works. A true labor of love, if you want to pre-order the Kindle version of the book you’re a champ.

— Joseph

Read More: Pay Attention to Bitcoin #1 Amazon New Release in ‘Individual Philosophy’ and ‘Graduate School’.