The Age of Cryptocurrency by Paul Vigna and Michael J. Casey Summary
Overview of The Age of Cryptocurrency
In "The Age of Cryptocurrency," Vigna and Casey decode Bitcoin's revolutionary potential beyond finance. This 2015 landmark text reveals how blockchain empowers the unbanked, particularly women in patriarchal societies. What financial revolution are you missing while experts consider this required reading?
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Ключевые выводы
The Revolutionary Promise of Digital Money
In 2013, Parisa Ahmadi, a brilliant Afghan student, faced a problem familiar to millions of women in her country: she had earned money but couldn't access it. Like most Afghan women, she lacked a bank account, forced to funnel her earnings through male relatives who controlled her financial life. Then everything shifted. Her employer began paying in bitcoin-a digital currency requiring nothing more than internet access. No bank approval. No male guardian's signature. Just a laptop and a connection. With her first bitcoin payment, Ahmadi purchased her own computer and glimpsed something radical: financial independence. "It taught us how to stand on our own feet," she said. This moment captures cryptocurrency's revolutionary promise-not as some abstract technological marvel, but as a tool that fundamentally reshapes who controls money. For centuries, financial middlemen have extracted enormous fees from every transaction, building empires on the friction between sender and receiver. Consider this: in 2013 alone, merchants paid roughly $250 billion in credit card processing fees. That's a quarter trillion dollars siphoned from the global economy just to move money from point A to point B. When you buy coffee with a credit card, the transaction seems instant, but behind the scenes, seven different entities are involved beyond you and Starbucks. The process actually takes up to three business days and incurs fees of 1-3% paid by merchants. International transactions add even more middlemen and can cost 8% or more. Cryptocurrency threatens to eliminate these costly gatekeepers entirely, returning power-and profit-to ordinary people.
The Strange Nature of Money and Trust
The Birth of Bitcoin and the Blockchain Revolution
Building Communities and Navigating Volatility
The Industrial Evolution of Mining and Concentration of Power
Silicon Valley's Gold Rush and Global Financial Inclusion
Beyond Currency and the Future of Everything
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Создано выпускниками Колумбийского университета в Сан-Франциско
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Создано выпускниками Колумбийского университета в Сан-Франциско
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
"Instead of endless scrolling, I just hit play on BeFreed. It saves me so much time."
"I never knew where to start with nonfiction—BeFreed’s book lists turned into podcasts gave me a clear path."
"Perfect balance between learning and entertainment. Finished ‘Thinking, Fast and Slow’ on my commute this week."
"Crazy how much I learned while walking the dog. BeFreed = small habits → big gains."
"Reading used to feel like a chore. Now it’s just part of my lifestyle."
"Feels effortless compared to reading. I’ve finished 6 books this month already."
"BeFreed turned my guilty doomscrolling into something that feels productive and inspiring."
"BeFreed turned my commute into learning time. 20-min podcasts are perfect for finishing books I never had time for."
"BeFreed replaced my podcast queue. Imagine Spotify for books — that’s it. 🙌"
"It is great for me to learn something from the book without reading it."
"The themed book list podcasts help me connect ideas across authors—like a guided audio journey."
"Makes me feel smarter every time before going to work"
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