Summary of Laura Shin's The Cryptopians , livre ebook

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English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 The financial crisis of 2008 triggered the slow-motion toppling of global finance. The same year, a person or group named Satoshi Nakamoto published a white paper that described how people could bypass banks and use the internet to send each other money.
#2 Financial institutions saw the potential in the blockchain, and began investing in it heavily. They also began exploring the use of ICOs, which allowed projects to raise funds in cryptocurrency by giving people a new token.
#3 In 2013, Vitalik Buterin, a cryptocurrency developer, had an idea for a new blockchain technology that could support many kinds of applications. He emailed his idea to thirteen friends.
#4 When he was younger, Vitalik was already showing signs of being extremely smart. He loved playing with Excel and producing the seven-year-old’s equivalent of an Excel masterpiece, The Encyclopedia of Bunnies, a treatise on the lives, culture, and economy of the long-eared, short-tailed creatures.

Informations

Publié par	Everest Media LLC
Date de parution	22 mars 2022
Nombre de lectures	1
EAN13	9781669357575
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

Extrait

Insights on Laura Shin's The Cryptopians
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12
Insights from Chapter 1

#1

The financial crisis of 2008 triggered the slow-motion toppling of global finance. The same year, a person or group named Satoshi Nakamoto published a white paper that described how people could bypass banks and use the internet to send each other money.

#2

Financial institutions saw the potential in the blockchain, and began investing in it heavily. They also began exploring the use of ICOs, which allowed projects to raise funds in cryptocurrency by giving people a new token.

#3

In 2013, Vitalik Buterin, a cryptocurrency developer, had an idea for a new blockchain technology that could support many kinds of applications. He emailed his idea to thirteen friends.

#4

When he was younger, Vitalik was already showing signs of being extremely smart. He loved playing with Excel and producing the seven-year-old’s equivalent of an Excel masterpiece, The Encyclopedia of Bunnies, a treatise on the lives, culture, and economy of the long-eared, short-tailed creatures.

#5

When he was nine, Vitalik began to speak, but his social abilities did not translate into success. He was lonely, and he didn’t know how to be part of the normal social world. He eventually found his tribe in high school, and thrived academically.

#6

In his senior year, Vitalik wrote a short story about a Secret Santa gift exchange among friends. He had never held a job, but he had spent his time after graduation researching and writing about Bitcoin. He liked researching and writing, so he kept penning articles until kiba, the person who was paying him less than minimum wage, began running out of money.

#7

On June 1, 2011, Gawker published an article titled The Underground Website Where You Can Buy Any Drug Imaginable. It was about Silk Road, an Amazon for drugs where sellers from all over the globe purveyed everything from weed to heroin.

#8

The value of a currency does not depend on its value as a good, but only on its value as a currency itself. Bitcoins maintain their value due to scarcity.

#9

Mihai and the others were able to get enough money to buy the magazines, but they had to ship them from the United States to Romania. The magazines arrived at Mihai’s parents’ house, where they were dropped in the front yard.

#10

When he first started writing for Bitcoin Magazine, Vitalik was grateful for the opportunity. But he was also working full-time and taking five advanced courses at Waterloo University. He was living alone in a prison-cell-like room, eating in the cafeteria, and occasionally stopping at the supermarket for fruit.

#11

While traveling the world, Vitalik ended up in Israel, where he met people working on Colored Coins, a new concept that would enable people to trade real-world assets using the indelible ledger of the Bitcoin blockchain by attaching metadata to a transaction of one satoshi.

#12

In 2013, Bitcoin millionaire Anthony Di Iorio received a proposal for a new cryptocurrency from Ethereum’s creator, Vitalik Buterin. He accepted $150,000 in bitcoin to develop the project.

#13

In December 2013, Vitalik and Anthony attended a Bitcoin conference in Las Vegas. They discussed how they would not pre-mine any ether, the name given to Ethereum's coin, which would give everyone an equal chance to mine it. Everything on Ethereum would be a contract.

#14

On December 19, Vitalik received an email from a prospective worker named Gav Wood. He said he could do C++, and asked how far the team was with Ethereum. Vitalik replied twice, seeming not to realize he had written fifteen minutes before. Both emails began with Vitalik expressing that he would be happy to have Gav on the team and asking what he would like to build.

#15

Around the same time, a Dutch coder named Jeffrey Wilcke began coding an Ethereum client. He was a college dropout who had been on his way to a computer science degree. He had worked at a kids’ math-learning platform.

#16

By this point, various Skype channels were sprouting up for the Ethereum project. They included Gav, Jeff, and Charles Hoskinson of the Bitcoin Education Project, as well as Mihai and others.

#17

In early January, Gavin met up with Jonny Bitcoin and his Bitcoin millionaire friend for dinner, where he was given some advice. If you’re making Ethereum, don’t let them shaft you.
Insights from Chapter 2

#1

In Miami, the crew got to know each other. The majority of them had tried psychedelics, an unusual situation given the drugs’ illegal status. They were jazzed about announcing Bitcoin 2. 0.

#2

The five original founders were Vitalik, Anthony, Charles, Mihai, and Amir. There was also a group of four fiduciary members who would be responsible financially. Later that day, Anthony came up to Gavin with a gift bag. Inside was a bottle of Johnnie Walker Red Label.

#3

The Ethereum Conference in Amsterdam was the first time many people saw the promise of Ethereum. It was also the glitz and glam of the Bitcoin bubble. One of the first whales threw a roof party with ice sculptures and female dancers dressed only in gold paint.

#4

The crowdsale, in which the Ethereum team would accept bitcoins from anywhere in the world and return a wallet with which the purchaser could receive ether when the network launched, was scheduled to begin February 1. But during the conference, concern began brewing about that date. People like Joe, Charles, and Amir thought it prudent to postpone the crowdsale until they could be sure it would not run afoul of SEC regulations.

#5

Charles told the developers Gavin and Jeff that if the other founders wouldn’t accept them as cofounders, he would leave because he loved them so much. The five original founders decided to add new ones, except for Vitalik, who would get double the amount of ether as well as a second vote.

#6

The Zug holon was perfect for them, but the landlord didn’t like the fact that they were a new legal entity with no track record. They had to pay a year's rent upfront in bitcoins.

#7

Charles would sometimes drag his leg while walking around the Spaceship, and when asked if he was okay, he would talk about having injured himself doing HALO jumps out of an Apache helicopter in Afghanistan. He also advertised himself as a CIA asset.

#8

Charles’s behavior bothered many people in the Spaceship. He would constantly talk about how much he missed Marlene, and try to act like the perfect boyfriend. He would also manipulate others, taking people out for walks to find out their aspirations and then using that information to control them.

#9

The Bitcoin Expo in Toronto was held from April 11 to 13, and featured Ethereum as the title sponsor. The conference showcased Ethereum, and the company gave away 1,000 T-shirts.

#10

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