Terence Michael

Proof of Money

The Big Idea Behind Bitcoin (What You Don't Know About Why You Need It)

4.9

61 ratings

Publisher: 100 Percent Terry Cloth

Pages: 348

Publication Year: 2023

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Description

Bitcoin can grow and secure your wealth for generations.

But the key is knowing how, why, and when.

Get ready to challenge what you think you know about money.

Bitcoin is a better all-in-one investment

- No monetary debasement

- No intermediaries, brokers, managers

- No rehypothecation

- Full bearer asset you hold

- No need to financialize things you don't care about

Bitcoin is better than stocks and bonds

- No centralization

- No counterparty risk

- No VIP, IPO, or insider privilege

- No CEO or executive decisions

Bitcoin digitizes gold

- Makes it portable, divisible, verifiable, frictionless

Bitcoin is the "internet of money"

- 24/7 access, decentralized, permissionless, lightning fast

Bitcoin demonetizes income real estate

- No maintenance, deterioration, property taxes, tenants, liens

- Liquid, fractional, instant, mobile

- Absolute scarcity and sovereign rights for anyone

Bitcoin revolutionizes money technology

- Auditable, immutable, transparent, open-source

- Unhackable ledger of value secured by energy

Bitcoin improves the environment

- Stabilizes electric grids

- Emits zero carbon emissions

- Removes methane and CO2 from others

- Consumes less than 0.1% of global energy

- Relies solely on wasted, discarded, stranded, renewable energy

Bitcoin is freedom for 8 billion people

- For the unbanked, oppressed, disenfranchised

- Sees no borders, race, religion, politics, sex, or status

- Equality of opportunity and value for all

Bitcoin is a separation of money from the state

- Free from confiscation, sanction, manipulation, censorship

- Supports independence, activism, or privacy

- Accountable only to the holder, a bank of the brainThe secret to unlocking Bitcoin is understanding its principles and properties.

Whether you're a seasoned investor or a curious newcomer, this book will transform your relationship with money (and help you gain more of it).

Authorship

Authors	Terence Michael
X (Twitter)	@ProofOfMoney

Publication Format

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A paperback (also known as softback or softcover) is a type of book characterized by a thick paper or paperboard cover. Their pages are often held together with glue rather than stitches or staples.

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A hardcover (also known as hardback or hard-bound) is a type of book that is bound with hard and rigid protective covers and the pages are often strongly held together with stitches and staples.

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An audiobook is a sound recording of a book.

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