Crypto Decrypted - Debunking Myths, Understanding Breakthroughs, Building Foundations

Break through your "crypto curiosity" and uncover why blockchain innovation will revolutionize our economy, culture, and the future of investing--as well as how to navigate it safely.
 
Between the booms, crashes, jargon, and flashy memes, blockchain technology and digital assets have not been easy for ordinary investors to understand. Hopeful investors in blockchain, digital assets, and crypto everywhere have a lengthy list of questions--and the list keeps getting longer and more nuanced. But who do they turn to for answers?
 
In Crypto Decrypted, Tradecraft Capital's Jake Ryan and James Diorio decrypt a new world that is hidden in plain view, accessible currently to folks "in the know." This book is for anyone who finds themselves lost in the blockchain babble, exploring and explaining not only how to participate, but the often overlooked reasons why this new technology is relevant to every human being.
 
Ryan and Diorio dive in deeply, debunking common myths, clarifying major breakthroughs that are often disregarded, and providing easy-to-understand answers for both crypto newbies and blockchain enthusiasts, so they can move beyond the short-term to explore what great opportunities lie ahead for blockchain technologies while providing approaches to investing more safely and soundly so that you too can profit from this technological revolution.
 
You will learn:
* The basics of blockchain technology, which will allow you to better navigate this new world.
* The truth that debunks the six most common myths about crypto and blockchain.
* What the Byzantine Generals' Problem is, why it is important, and how it will impact your future.
* Why blockchain technology is so important and how it is relevant to you--yes, you!
* The ways in which blockchain innovation will transform our financial systems, our economy, and society itself.
* How to participate in lower risk approaches in investing in digital assets to diversify your retirement portfolio.
* Why the Information Age is over and that we've already begun a new long-wave economic cycle, the Age of Autonomy(r) , what the Autonomous Economy will look like in the coming years, and how it will impact us.
 
Just as the internet revolutionized our world decades ago, blockchain technology will impact every person and businesses on the planet- for the better - in the decades to come.

List of contents

Part i - Foreword i
 
Part ii - Introduction iii
 
Part iii - Note from the Authors v
 
PART ONE - THE PRIMER 1
 
Chapter 1: What's the Big Deal About Blockchain? 1
 
A Blockchain is a Specialized Database 4
 
Decentralized 6
 
Immutable 7
 
Transparent 8
 
Cryptographically Secure 9
 
Non-Money Examples of Blockchain Technology 11
 
Decentralized Finance 11
 
Supply Chain Management 12
 
Additional Examples 13
 
Blockchain Technical Components 14
 
Transactions 14
 
Blocks 15
 
Hash / Hashing Function 16
 
Miners and Proof-of-Work Consensus 17
 
Block Rewards 19
 
Aligned Incentives 20
 
Other Consensus Mechanisms 21
 
Chapter 2: Bitcoin, the First Application of a Blockchain 24
 
What's Unique About Bitcoin 29
 
A Global, Public Payments Network 31
 
Public Versus Private 32
 
Economic Empowerment and Bitcoin 33
 
A Regulatory Head Start 35
 
Bitcoin vs. bitcoin 36
 
Getting Started with Bitcoin 36
 
Exchanges 37
 
Your Wallet 39
 
PayPal and Other Secure Options 41
 
Bitcoin ATM 41
 
On Risk 42
 
Know Your Risk Envelope 43
 
Chapter 3: What Makes a Smart Contract Smart? 45
 
What is a Smart Contract Platform? 45
 
Smart Platform Convergence: The Foundation of the Age of Autonomy 47
 
Smart Contracts & The Supply Chain 48
 
The Evolution of the Contract 49
 
How Can We Benefit from Smart Contract Applications? 51
 
Banking "Know Your Customer" Regulations 52
 
Real Estate Transactions 52
 
Insurance 53
 
Transparent Auditing 55
 
Voting and Democracy 55
 
Health Care Industry and Health Care Management 55
 
Intellectual Property and Content Creators 57
 
Integration with the Internet of Things (IoT) 58
 
Chapter 4: What is DeFi? 60
 
The Wild West 61
 
Banking for the Bankless 62
 
DeFi and CeFi: Odd Bedfellows 63
 
Lending, Borrowing & Yield 66
 
Decentralized Exchanges (DEX) 67
 
Derivatives 68
 
DeFi and Governance Tokens 69
 
Chapter 5: Metaverse, NFTs & Web 3.0 72
 
The ABCs of NFTs 73
 
Not Just Art 75
 
The Metaverse 77
 
MANGA and Mainstream Adoption 79
 
Web 3.0 84
 
PART TWO - DEBUNKING MYTHS 88
 
Chapter 6: Myth - Regulation Will Kill Crypto 90
 
The Sticking Point 91
 
Crypto Classification: Security vs. Commodity 92
 
Howey Test 93
 
Consider Similar Analog Assets 94
 
Commodities--Looking at "The What" 94
 
The Punchline 95
 
Chapter 7: Myth - Crypto Is a Bubble 97
 
Spring Follows Winter 100
 
Do You Believe in Technology? 101
 
Of Course It's a Cycle! 104
 
Centralized Crypto Exchange Celsius Melts Down 105
 
Professor Krugman Is (Still) Wrong 107
 
Our Silver Lining Playbook 111
 
The Amazing Merge 113
 
Chapter 8: Myth - Crypto Is Bad for the Environment 117
 
Bitcoin Energy Consumption 117
 
Blockchain Technologies and Climate Mitigation 123
 
Chapter 9: Myth - Crypto is a Fraud 126
 
Watchdogs On the Hunt: the SEC Putting Scammers on Notice 128
 
Risk Management and Red Flags 131
 
Don't Do Stupid Stuff 138
 
Chapter 10: Myth - Crypto Empowers Crime 140
 
The Internet is a Criminal Battlefield 144
 
Tracing the Untraceable 145
 
Ranso

About the author

JAKE RYAN is the Chief Investment Officer of Tradecraft Capital. He is a former computer scientist and software engineer, and an advisor to several venture-backed startups focusing on AI. He has contributed to Newsweek, Bloomberg, Ameritrade Institutional, Harvard Business Review, and Business Insider. JAMES DIORIO is the Chief Executive Officer of Tradecraft Capital. He is a serial entrepreneur, speaker, and executive with a foundation in computer science and a history of guiding ventures to realize their full potential. He is the author of the Crypto: Decrypted^® monthly blog, which focuses on education, insights and providing clarity in this often-misunderstood space.

Summary

Break through your "crypto curiosity" and uncover why blockchain innovation will revolutionize our economy, culture, and the future of investing--as well as how to navigate it safely.

Between the booms, crashes, jargon, and flashy memes, blockchain technology and digital assets have not been easy for ordinary investors to understand. Hopeful investors in blockchain, digital assets, and crypto everywhere have a lengthy list of questions--and the list keeps getting longer and more nuanced. But who do they turn to for answers?

In Crypto Decrypted, Tradecraft Capital's Jake Ryan and James Diorio decrypt a new world that is hidden in plain view, accessible currently to folks "in the know." This book is for anyone who finds themselves lost in the blockchain babble, exploring and explaining not only how to participate, but the often overlooked reasons why this new technology is relevant to every human being.

Ryan and Diorio dive in deeply, debunking common myths, clarifying major breakthroughs that are often disregarded, and providing easy-to-understand answers for both crypto newbies and blockchain enthusiasts, so they can move beyond the short-term to explore what great opportunities lie ahead for blockchain technologies while providing approaches to investing more safely and soundly so that you too can profit from this technological revolution.

You will learn:
* The basics of blockchain technology, which will allow you to better navigate this new world.
* The truth that debunks the six most common myths about crypto and blockchain.
* What the Byzantine Generals' Problem is, why it is important, and how it will impact your future.
* Why blockchain technology is so important and how it is relevant to you--yes, you!
* The ways in which blockchain innovation will transform our financial systems, our economy, and society itself.
* How to participate in lower risk approaches in investing in digital assets to diversify your retirement portfolio.
* Why the Information Age is over and that we've already begun a new long-wave economic cycle, the Age of Autonomy(r) , what the Autonomous Economy will look like in the coming years, and how it will impact us.

Just as the internet revolutionized our world decades ago, blockchain technology will impact every person and businesses on the planet- for the better - in the decades to come.

Product details

• Authors: James Diorio, James M Diorio, James M. Diorio, Ric Edelman, J Ryan, Jake Ryan, Jake Diorio Ryan, Ryan Jake
• Assisted by: Ric Edelman (Foreword), Edelman Ric (Foreword)
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 01.04.2023
• EAN: 9781394178520
• ISBN: 978-1-394-17852-0
• No. of pages: 304
• Subjects: Guides > Law, job, finance; Non-fiction book > Politics, society, business > Money, bank, stock market; Social sciences, law, business > Business > Business administration; Kryptowährung, Finanzwesen, Allg. Finanz- u. Anlagewesen, Finance & Investments, Finanz- u. Anlagewesen, Kapitalanlagen u. Wertpapiere, Investments & Securities, Spezialthemen Finanz- u. Anlagewesen, Finance & Investments Special Topics