Crypto Decrypted: Debunking Myths, Understanding Breakthroughs, and Building Foundations for Digital Asset Investing

ISBN-13: 9781394178520 / Angielski / Twarda / 2023 / 288 str.

James M. Diorio; Jake Ryan

Spis treści

Part i - Foreword iPart ii - Introduction iiiPart iii - Note from the Authors vPART ONE - THE PRIMER 1Chapter 1: What's the Big Deal About Blockchain? 1A Blockchain is a Specialized Database 4Decentralized 6Immutable 7Transparent 8Cryptographically Secure 9Non-Money Examples of Blockchain Technology 11Decentralized Finance 11Supply Chain Management 12Additional Examples 13Blockchain Technical Components 14Transactions 14Blocks 15Hash / Hashing Function 16Miners and Proof-of-Work Consensus 17Block Rewards 19Aligned Incentives 20Other Consensus Mechanisms 21Chapter 2: Bitcoin, the First Application of a Blockchain 24What's Unique About Bitcoin 29A Global, Public Payments Network 31Public Versus Private 32Economic Empowerment and Bitcoin 33A Regulatory Head Start 35Bitcoin vs. bitcoin 36Getting Started with Bitcoin 36Exchanges 37Your Wallet 39PayPal and Other Secure Options 41Bitcoin ATM 41On Risk 42Know Your Risk Envelope 43Chapter 3: What Makes a Smart Contract Smart? 45What is a Smart Contract Platform? 45Smart Platform Convergence: The Foundation of the Age of Autonomy 47Smart Contracts & The Supply Chain 48The Evolution of the Contract 49How Can We Benefit from Smart Contract Applications? 51Banking "Know Your Customer" Regulations 52Real Estate Transactions 52Insurance 53Transparent Auditing 55Voting and Democracy 55Health Care Industry and Health Care Management 55Intellectual Property and Content Creators 57Integration with the Internet of Things (IoT) 58Chapter 4: What is DeFi? 60The Wild West 61Banking for the Bankless 62DeFi and CeFi: Odd Bedfellows 63Lending, Borrowing & Yield 66Decentralized Exchanges (DEX) 67Derivatives 68DeFi and Governance Tokens 69Chapter 5: Metaverse, NFTs & Web 3.0 72The ABCs of NFTs 73Not Just Art 75The Metaverse 77MANGA and Mainstream Adoption 79Web 3.0 84PART TWO - DEBUNKING MYTHS 88Chapter 6: Myth - Regulation Will Kill Crypto 90The Sticking Point 91Crypto Classification: Security vs. Commodity 92Howey Test 93Consider Similar Analog Assets 94Commodities--Looking at "The What" 94The Punchline 95Chapter 7: Myth - Crypto Is a Bubble 97Spring Follows Winter 100Do You Believe in Technology? 101Of Course It's a Cycle! 104Centralized Crypto Exchange Celsius Melts Down 105Professor Krugman Is (Still) Wrong 107Our Silver Lining Playbook 111The Amazing Merge 113Chapter 8: Myth - Crypto Is Bad for the Environment 117Bitcoin Energy Consumption 117Blockchain Technologies and Climate Mitigation 123Chapter 9: Myth - Crypto is a Fraud 126Watchdogs On the Hunt: the SEC Putting Scammers on Notice 128Risk Management and Red Flags 131Don't Do Stupid Stuff 138Chapter 10: Myth - Crypto Empowers Crime 140The Internet is a Criminal Battlefield 144Tracing the Untraceable 145Ransomeware? Ransomthere! 145Not Hiding in Plain Sight 147Everyone Evolves 148PART THREE - THE BREAKTHROUGH 150Chapter 11: A Primer on Technological Innovation 150Converging Technologies - Innovations in AI, IoT and Robotics 154Artificial Intelligence 154The Internet of Things and Sensors 156Robotics 157Vision, Image Processing and Autonomous Motion 158From Automation to Autonomy 159The Crucial Connector: Smart Contracts, Protocols and Platforms 160Putting It All Together 160Chapter 12: The Byzantine General's Problem 162Some Other Top Computer Science Problems 162What is BGP and Why is it So Important? 164How Bitcoin Solved BGP 165Bitcoin, a peer-to-peer electronic cash system 166Other Applications of P2P Consensus 167Show on BBC called 'Fake or Fortune' Illustrates the Problem 167Chapter 13: Peer-to-Peer Models 172Computer Networking 174Easy File Sharing 176Reduced Costs 180Adaptability 181Reliability 183Chapter 14: Trusting Trustless Transactions 186The Trust-Minimized Advantage 188Open-Source Software 189Chapter 15: No Permission Required 191The Permission Monster 191The Permissionless Solution 193The Game, Changed 195Chapter 16: Digital Scarcity 200Provable Scarcity 201Digital Scarcity - The New Frontier 203The Case for Money 204The Case for Goods 205Scarcity in The Metaverse 206NFTs - Provable Uniqueness 207Chapter 17: A New Decentralized, Autonomous Economy 209Sound Money, Required but Not Sufficient 210Financial Capital Vs. Production Capital 210Production Capital Supporting the Autonomous Economy 211DAOs and DACs- a New Structure for Human Organization 211Smart Contracts & Autonomous Protocols 212Autonomous Governance 212The Autonomous Economy Realized 215New Tools Create New Possibilities 215New Types of Owners & Ownership 216Chapter 18: Liquid Venture 218A Cautionary Tale 219Crypto Assets Revolutionize Investing 220A New Name, A New Game 221Other Advantages 222Risks Still Exist 223Get Rich Slow 224PART FOUR - THE APPLICATION 226Chapter 19: Signals v. Noise 227All that Glitters is not Gold 227Sound Assets 230What makes a crypto asset valuable 230USP 231Moat 233Team 234Market Capitalization 235Acceptance 236Scarcity 237Regulatory Risk 239Putting it All Together 243Chapter 20: Interpreting Charts 244On-Chain Metrics 245Basic Trend Analysis 247Advanced Analysis 247Advanced Metrics 250Technical Analysis 251Basic Indicators 252Advanced Indicators 256Charting Tools 258If Nothing Else, Dollar Cost Average 258Chapter 21: Crypto as Diversification in a Total Portfolio 260Safe-haven Assets - Gold and Bitcoin 261Generating Alpha - Market-Beating Returns 261Measuring Risk-adjusted Returns 266Adding Bitcoin to a Total Portfolio 268Chapter 22: Savings, Borrowing, Income Strategies & Taxes 270Taxes 270Saving 271Borrowing 274Income Strategies 275Chapter 23: Retirement 277Ways to Invest in Digital Assets in Retirement Accounts 278Self-Directed IRA / Roth IRA Investing Directly with Digital Assets 278Using Options and Futures Accounts 278Investing with Single Asset Trusts 279Crypto Hedge Funds and Venture Funds for Qualified Investors 280No '40-Act' Spot ETFs (Yet) 281Chapter 24: Looking Ahead 283The Future of the Metaverse 283Play in the Metaverse 284Work in the Metaverse 285Play-To-Earn Evolved 286The Future of Sovereign Data 287The Future of Money 288The Future of the DAO 290The Future of Companies 292Practical Examples 293Getting a Job (Contract) 294Making an Investment 295The Technology Exists Today 297What's Next? 298

O autorze

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(r) monthly blog, which focuses on education, insights and providing clarity in this often-misunderstood space.