• Bitcoin for Beginners: An Introduction to the Revolutionary Cryptocurrency

  • By: Michael Peterson
  • Narrated by: Jimmy Kieffer
  • Length: 29 mins
  • Unabridged
  • Release date: 01-19-18
  • Language: English
  • Publisher: Michael Peterson
  • 4 out of 5 stars 4.1 (15 ratings)

Regular price: $3.95

Free with 30-day trial
Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – good for any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • After your trial, Audible is just $14.95/month
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $3.95

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

Okay, so what's Bitcoin?
It's not an actual coin, it's "cryptocurrency", a digital form of payment that is produced ("mined") by lots of people worldwide. It allows for peer-to-peer transactions instantly worldwide, for free or at very low cost.
Bitcoin was invented after decades of research into cryptography by software developer Satoshi Nakamoto (believed to be a pseudonym), who designed the alogorithm and introduced it in 2009. His true identity remains a mystery.
How does Bitcoin work?
Internet users transfer digital assets (bits) to each other on a network. There is no Online bank; rather, Bitcoin has been described as an Internet-wide distributed ledger. Users buy Bitcoin with cash or by selling a product or service for Bitcoin. Bitcoin wallets store and use this digital currency. Users may sell out of this virtual ledger by trading their Bitcoin to someone else who wants in. Anyone can do this, anywhere in the world.
There are smartphone apps for conducting mobile Bitcoin transactions, and Bitcoin exchanges are populating the Internet.
©2017 Michael Peterson (P)2018 Michael Peterson
Show More Show Less

Customer Reviews

Most Helpful
2 out of 5 stars
By Bikram Agarwal on 02-24-18

Neither for beginners, nor for experts.

I received this audiobook for free from the author / narrator / publisher in exchange for an unbiased review.

After recent surge in bitcoin stock prices, people are understandably super interested in knowing about Bitcoin. I my self am among those people. My primary interest is along the technological line though and I wanted to understand how the underlying tech works and how is it safer than other traditional currency. This being a ~30 minute book, I was expecting that all the concepts would be explained in easy to digest laymen's terms. Sadly, I came out more confused than before. There are several terms and acronyms mentioned in this book, without explaining them. The security aspect wasn't dealt with properly either. A few YouTube videos have better primer on bitcoin, compared to what I got here.

Read More Hide me
4 out of 5 stars
By TU on 02-21-18

30000 ft look at Bitcoin

I was given this free review copy audio book at my request and have voluntarily left this review.

This was a decent, high level, overview of Bitcoin. It was not that technical and gave a 30,000 foot view of what Bitcoin is. I'm not sure it provides enough info to actually get started using Bitcoin, though. If you are looking for a quick "cliff notes" overview then I would recommend this. If you ACTUALLY want to start using Bitcoin, you'll need to do a LOT more research.

Read More Hide me
See all Reviews
© Copyright 1997 - 2018 Audible, Inc