Review
Bitcoin is no longer a fad idea in the internet or technology world. This book discusses the concept of bitcoin beyond its potential for financial progress. The author claims that Bitcoin is the start of a new era on Earth in that the future will be based on digital currency. Bitcoin revolution spread across the whole world like a huge wave, with growing numbers of people gaining interested in this “Digital Gold”.
The book talks about what Bitcoin is, how it works, setting up a Bitcoin wallet, how to keep your Bitcoins secure, as well as investing and trading. It also offers some instruction for those who deal with a high volume of cash in their business and would like to convert it into an asset to minimize their tax burden as well as protect your hard earned dollars.
An example that was covered in the book was for the medical marijuana dispensary clinics in California or Colorado who are forced to accept cash since they have a hard time dealing with a bank that will be willing to work with their business. Alan Norman discusses how you can use the cash generated by your medical clinic sales to purchase Bitcoins and later use it to pay your growers and suppliers for example totally avoiding risky cash transactions as you would do it normally.
Again, this book provides you with a good idea of this new currency we call Bitcoin. What is it? Where did it come from? How do you use it? Is it really just fake internet money created by drug dealers? Those are the topics that are covered in the book. The book will also talk about everything you need to know to get started with Bitcoin:
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- understanding the Blockchain and Bitcoin transactions
- where to keep your Bitcoin (how to choose a secure wallet)
- buying Bitcoin
- investing in Bitcoin
- how to start accepting and using Bitcoin as a part of your business
- principles of Bitcoin mining
- the security of Bitcoin etc.
In addition, the Alan Norman will share with you interesting facts about Bitcoin and will give you professional tips on the start of your way to understanding Bitcoin.
Editorial Reviews
Review
“The book is an excellent instruction for people who deal with a lot of cash in their business and want to convert it into a liquid asset that they can use for purchases of high priced items on the internet without disclosing their true source of income. Basically the book gives step by step path how to purchase Bitcoin anonymously without attracting the attention of the Tax Man. If you run for example a medical marijuana dispensary clinic in California or Colorado and forced to accept cash since banks do not want to deal with such businesses. The book tells you a great way how to use the cash generated by your medical clinic sales to purchase Bitcoins and later use it to pay your growers and suppliers for example totally avoiding risky cash transactions as you would do it normally.”
– Eric Katsov, Founder and CEO at Stockring, Inc.
“That book and Bitcoin are awesome!
As a young mommy, sitting with my kid all days and nights at home, I had some free time and started to interest in the bitcoin world. The digital currencies are the new way of making money (passive income for me)!!! I think of an investment that will help me to be more financially independent. Bitcoin looks like an awesome opportunity. An awesome book.”
– Julisa, young mom
“Thank you for such a good introduction to, indeed, Bitcoin, but also the world of cryptocurrencies in general. I’d just buy some and keep them aside for however long it’ll be until I can use them in my local grocery stores. I thought it would be a fun experiment and reading your book definitely convinced me to commit to it. Thanks again for writing this wonderfully concise introduction to Bitcoin”
– Craig Wilson, Entrepreneur, grocery stores owner
“I had no ideas how all the things involved with bitcoin before reading that book. Gratefully, the author explains the complexities in plain English.”
– Miss Sharon E Mitchell
“It doesn’t matter whether you know nothing about Bitcoin or if you already have some digital coins on your wallet, I found this book necessary for each of us. Bitcoin its really new era in digital currencies and I prefer to be one of those people who join the Bitcoin wave.
“Mastering Bitcoin for dummies” is full of great information to understand how it began and what could happen later. I like to read some prognoses.”
– Tim
About The Author
Biography
Alan T. Norman is a proud, savvy, and ethical hacker from San Francisco City. After receiving a Bachelors of Science at Stanford University. Alan now works for a mid-size Informational Technology Firm in the heart of SFC. He aspires to work for the United States government as a security hacker, but also loves teaching others about the future of technology. Alan firmly believes that the future will heavily rely on computer “geeks” for both security and the successes of companies and future jobs alike. In his spare time, he loves to analyze and scrutinize everything about the game of basketball.
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