Review: Bitcoins
Rating: 5 out of 5
Date: 03 8, 2014
When I purchased this book I had no idea what a Bitcoin was other than seeing it mentioned online now and again.  The book makes it clear what Bitcoins are and much more.Bitcoins are digital money and free from state, government or any other type of control other than the millions of computer users who trade them.  The first plus of Bitcoins is security and especially web security.  Hacking is such a problem today and Bitcoins give hackers a challenge.The complex encrypted code make it difficult and hardly worth it for forgers to spend the time to manipulate the process.There are some important benefits the book describes for the use of Bitcoins.  There is almost zero paper work when compared to traditional transfer of money.  Transactions are very fast, no waiting for wire transfers.  Transfers are cheap also.  There can be no government seizure of accounts and transactions are irreversible.  There are no taxes yet and the value of the Bitcoin has increased at an incredible rate.There is also a speculative market on Bitcoins and the author talks about people that have turned small amounts of money into riches quickly.  If you are interested in the Bitcoin phenomenon I recommend this book as you will increase your understanding of Bitcoins and the book is entertaining also.