Before Leaping Into Bitcoin, Read This Book First

Diamond Michael Scott
2 min readJan 13, 2021

In 2010, I became one of the world’s first, full-time, independent, blockchain/cryptocurrency journalists. This afforded me early exposure to this the immense potential of this exciting yet nascent space.

Over the years, I’ve witnessed the tipsy-turvy rise and fall of cryptocurrency prices. I’ve experimented with its practical use by converting bitcoin into digital gift cards at Starbucks, Nordstrom, Cheesecake Factory, and Whole Foods among many others.

I’ve watched neophytes jump into the deep ocean of crypto seeking to boost their personal fortunes, only to lose their log-in credentials, get scammed, or even forget that they even had a wallet. (One friend of mine who invested $100.00 many years ago recently found $7,000 in a wallet he had forgotten).

Now with Bitcoin’s recent rise to record-setting levels, young and old, rich and poor are taking the leap. Unfortunately, most have no understanding of the history and larger context of the crypto movement and how it really operates on a practical level. This I see as a grave mistake.

Amid a flurry of texts and emails, I have received in recent weeks asking for support with hopping on the bitcoin bandwagon, many have asked for a basic book for reading into this fascinating yet misunderstood world. It is here where I direct them to…

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