This is Part 1 of a 7-part review of the book, The Blockchain Code, by Dave Kinsey. For the next installation, CLICK THIS LINK. Thanks for reading!
Introduction
I got a wild hair and decided I wanted to learn about blockchain and Bitcoin. So I searched the internet for a well-written, informative book on the subject. Oh, what a naive blockhead I was! What I discovered was that almost every book or website article I found on the subject seemed more intent on hyping blockchain, and selling its virtues to me, and less intent on describing it to me in a clear, easy-to-understand, and objective way.
But finally lady luck smiled upon me, and I stumbled upon The Blockchain Code, by Dave Kinsey. Kinsey is a technology advisor for the State Bar of Arizona. His book was published in 2019, so at three years old it’s almost ancient history. I felt a little wary to buy it, due to the rapid changes so prevalent in modern technology. But while reading it, I got the impression that much of what he wrote about blockchain way back then, is still applicable today.
Also, this paperback book seems to be self-published. But I don’t hold that against Kinsey, as I know what it’s like being unable to find a traditional publisher. And who knows, maybe publishers were reluctant to put it on the market because it doesn’t contain the requisite hype you find in so many other books about blockchain. It breaks the stereotype, and that can be scary for publishers.
Self-published books are vulnerable to grammatically incorrect and odd-sounding sentences, due to a lack of sufficient proofreading. Fortunately, this happens so infrequently in The Blockchain Code, that it never left me feeling ready to throw the book at the wall. In fact, I consider the The Blockchain Code to be better written and put together than many traditionally published books.
Blockchain was designed for Bitcoin. In fact, they’re practically one and the same thing, except that the blockchain concept can be separated from Bitcoin and used for other cryptocurrencies. And it can also be used for non-monetary reasons, such as for storing data.
It’s interesting, and perhaps a little alarming, that many legitimate organizations, such as financial institutions, medical facilities, and even government agencies, have been toying with storing their data on a blockchain-styled system. That affects everyone, whether or not they’re invested in cryptocurrency, so it’s becoming more and more important for all of us to learn about blockchain.
So with that in mind, I have launched a seven-part series about blockchain and Bitcoin. This series reviews Dave Kinsey’s book, The Blockchain Code, and it also teaches the basics of blockchain, Bitcoin, and cryptocurrency in general. Much of the information in this series comes from Kinsey’s book, but some of it also comes from separate research I’ve conducted on the internet.
I hope you will find this series easy to read and understand, and that it will help clear up the nebulous explanations that may have crossed your eyes and smitten you with headaches, while trying to learn about this subject.
Stay tuned. A new installment of the series will be posted every few days. So come on back two days from now, for Part 2, where we’ll learn about the history of blockchain and Bitcoin.
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Categories: business
I’ll be interested in finding out why people buy nothing but treat it like it’s something. Bitcoin has seemed to be as valuable as the Emperor’s new clothes, and for the same reasons, to me.
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It can have some value if you’re a criminal. But if you prefer walking the strait and narrow, you’ll probably never need Bitcoin.
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I am glad that you can sum up the book for me so that I don’t have to read it. I will probably understand it more with you explaining it ….. maybe. May need some extra coffee first.
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I hope you’ll come to understand it. But if not, perhaps I might be able to interest you in buying some cryptocurrency from me. I call it TippyCoin.
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Can TippyCoins buy me a beach house?
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Sure, once you’ve bought enough of them.
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Do they cost a penny each?
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No, but they’re only a dollar each, right now. For 5 million TippyCoins, I’ll sell you a beach house.
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Oh what a bargain! I am sure Brad will agree.
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I’m sure he’s accustomed to such bargains that you bring to him in an excited state.
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Aren’t you “funnny!”
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I learned that the best way to learn something oneself, is to have to teach it to others. Looking forward to the next installment!
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Block chains sound terribly uncomfortable. Think I’d stick with the round kind. Regardless, not so much into chains these days… whips, maybe. 😉
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Whips can be sufficient to encourage obedience. Chains are unnecessary, although cuffs can be helpful. Wait a second, I don’t remember any of this stuff in the book.
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Apparently you didn’t read the fine print in the book.
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BaD aS I aM, I didn’t.
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😄
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😂
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I am really looking forward to reading this. I have read some things about blockchain and watched a few videos, but it’s still somewhat of a mystery.
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Good, I hope you enjoy it. The mystery about blockchain seems to be somewhat intentional. Those who tout it don’t want people to know the real truth. That could cause the price to drop.
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a few years ago I bought a small amount of Bitcoin, telling myself it would force me to learn a little bit about it. All I learned is that its price fluctuates wildly…
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Yes, it’s highly volatile. Also, it’s unregulated, so its price is often manipulated. When you own bitcoin, you’re at the mercy of greater powers, who can exert a lot of control over the price.
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the value of what I own has dropped by about 65% from its peak, but it’s still worth more than I what I paid for it. at this point, it’s just funny money…
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It’s taken a steep dive lately, but seems to be slowly climbing back. I’m glad you’re still in the black.
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too bad I wasn’t in from the beginning…
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Well, the first time a Bitcoin transaction took place, in 2010, someone bought two Papa John’s pizzas for 10,000 bitcoin. Those 10,000 bitcoin would be work $240 million now.
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just another multimillion dollar opportunity gone by the wayside…
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Yep. Just think, we could have sold that pizza.
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I was a part-time pizza delivery guy in college. maybe I should have made a career out of it, hoping that someone would pay me with bitcoin someday…
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Sigh, the opportunities we’ve missed out on.
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but the upside is that at least I don’t weigh 400 pounds, which would be quite possible if I had worked at a pizza shop for the past 45 years…
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I like the way you’ve sliced this.
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sliced just like the recent price of Bitcoin…
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I got no interest because the topic isn’t my thing, but even if it is, the fact that you catch way too much and feel that the book didn’t go through an editor’s hand makes me sad. It’s because of self-published authors who don’t bother to get their book edited by professional that self-publishing business gets bad reputation. I’ll stop here because I think I should just make a post about this rather than rant here in your page haha 😄
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I actually think he did a pretty good job of editing this book. There are a few spots in it that left me momentarily confused, but I was able to figure it out. He did better than some traditionally published books, in my view.
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Sabagay… I leave at that for you to figure out.
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No, sorry. I’m being mean haha, to be honest I don’t how to translate that Filipino word so it make sense. It’s basically an expression to say I’m backing off and see your point. Don’t look up the word in Google translate you’ll find some stupid translation for it 😆
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I may not know what it means, but I like the sound of it when I try to pronounce it.
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Oh, I bet you sounds good saying it haha 😄 🤗
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