The Bitcoin big bang : how alternative currencies are about to change the world / Brian Kelly.

Format:

Book

Author/Creator:

Kelly, Brian, 1971- author.

Language:

English

Subjects (All):

Electronic commerce.

Electronic funds transfers.

Physical Description:

1 online resource

Edition:

1st ed.

Place of Publication:

Hoboken, New Jersey : Wiley, [2015]

Summary:

Get a handle on the digital currency revolution, and learn how to get on board The Bitcoin Big Bang is a guide to navigating the uncharted territory of digital currency. Written by CNBC contributor Brian Kelly, this book goes beyond Bitcoin 101 to explain how this transformative technology is about to change the world. Digital currency is thrown into perspective against the history of payment systems and its own evolution, as readers are invited to explore the ways in which this technology is already changing the way business gets done. Readers gain insight into the mechanisms behind Bitcoin,

Contents:

Intro

THE BITCOIN BIG BANG

Contents

Preface

Acknowledgments

About the Author

1 Bitcoin Is a Bubble

The Quest to Buy Bitcoin

Bitcoin Enlightenment

Currencies Are a Matter of Trust

What Is Bitcoin?

Is It a Currency?

Its Revolutionary

2 Understanding the Digital Gold Rush

The Language of Bitcoin

The Blockchain

Public and Private Keys

The Role of Miners

How Do I Buy Bitcoin?

Exchange versus Broker

Who "Gets" It?

The Gold Rush Is Just Starting

3 Bitcoin Is More than Digital Gold

Searching for Satoshi

The Search

Why Is Satoshi a Genius?

Bigger than Satoshi

4 Byzantine Generals Problem

How Does Bitcoin Solve the BGP?

51 Percent Attack

An Elegant Solution

5 A Decentralized Financial System

Grand De-Central Station

Whats at Stake?

Central Banks

Bitcoin Is the Catalyst

6 What Do You Call a Bitcoin Miner? A Banker

How Does a Bitcoin Transaction Work?

What Is Cryptography?

Still Want to Be a Miner?

Do We Need Another Bitcoin?

7 Nautiluscoin-0 to 1 Million in 60 Days

Creating the Coin

Did It Work?

8 Building the Nautiluscoin Economy

Dynamic Proof-of-Stake

Nautiluscoin Gross Domestic Product Target

Algorithmic Monetary Policy

Other Policy Tools

Alternative to Gold

Money, Made Better

Financial Market Integration

Special Drawing Rights

Why NAUT?

9 Investing and Trading in Alternative Currencies

A New Investment Class

Valuation

Exchanges

Investment Vehicles

Winkelvoss ETF

Bitcoin Investment Trust

Asset Class Growth

10 Regulation

Regulatory Agencies

FINCEN

New York Department of Finance

Challenges to Regulation

Pushing on a String

11 Smart Money: Set It and Forget It

Rules of the Road

Smart Contracts and Property

Ethereum.

Cryptoequities: A New Type of Investment

Decentralized Autonomous Organizations

Professor Money

12 Everything You Know about Business Is Wrong

Cryptonomics

Growth Share Matrix

Learning Curve Effects

Porters Three Generic Strategies

Human Resource Management

Fueling the Sharing Economy

The Future Just Might Work

Appendix 1 Department of the Treasury Financial Crimes Enforcement Network Guidance

Currency vs. Virtual Currency

Background

Definitions of User, Exchanger, and Administrator

Users of Virtual Currency

Administrators and Exchangers of Virtual Currency

a. E-Currencies and E-Precious Metals

b. Centralized Virtual Currencies

c. De-Centralized Virtual Currencies

Providers and Sellers of Prepaid Access

Dealers in Foreign Exchange

Appendix 2 New York State Department of Financial Services Proposed New York Codes, Rules and Regulations

Section 200.1 Introduction

Section 200.2 Definitions

Section 200.3 License

Section 200.4 Application

Section 200.5 Application Fees

Section 200.6 Action by Superintendent

Section 200.7 Compliance

Section 200.8 Capital Requirements

Section 200.9 Custody and Protection of Customer Assets

Section 200.10 Material Change to Business

Section 200.11 Change of Control

Mergers and Acquisitions

Section 200.12 Books and Records

Section 200.13 Examinations

Section 200.14 Reports and Financial Disclosures

Section 200.15 Anti-money Laundering Program

Section 200.16 Cyber Security Program

Section 200.17 Business Continuity and Disaster Recovery

Section 200.18 Advertising and Marketing

Section 200.19 Consumer Protection

Section 200.20 Complaints

Section 200.21 Transitional Period

Index

EULA.

Notes:

Includes index.

Description based on online resource; title from PDF title page (ebrary, viewed November 11, 2014).

ISBN:

1-118-96364-4

OCLC:

894792346