Nonfiction

21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole

21 Lessons: What I've Learned from Falling Down the Bitcoin Rabbit Hole

  • Downloads：8345
  • Type：Epub+TxT+PDF+Mobi
  • Create Date：2021-06-15 08:55:00
  • Update Date：2025-09-06
  • Status：finish
  • Author：Gigi .
  • ISBN：1697526349
  • Environment：PC/Android/iPhone/iPad/Kindle
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Summary

Falling down the Bitcoin rabbit hole is a strange experience。 Like many others， I feel like I have learned more in the last couple of years studying Bitcoin than I have during two decades of formal education。 The following lessons are a distillation of what I’ve learned。 First published as an article series titled “What I’ve Learned From Bitcoin，” what follows can be seen as a third edition of the original series。 Like Bitcoin， these lessons aren’t a static thing。 I plan to work on them periodically， releasing updated versions and additional material in the future。Bitcoin is an inexhaustible teacher， which is why I do not claim that these lessons are all-encompassing or complete。 They are a reflection of my personal journey down the rabbit hole。 There are many more lessons to be learned， and every person will learn something different from entering the world of Bitcoin。 I hope that you will find these lessons useful and that the process of learning them by reading won’t be as arduous and painful as learning them firsthand。

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Reviews

Louis Shulman ，

One sittingDamn good

Dimitri ，

I was hoping for a deeper dive into Bitcoin。 The title was a bit misleading there。 But nonetheless very worthwhile。

Adam ，

I read a really good essay on the computer science behind blockchains from this book's author [1]。 The essay said it was one chapter from a book called "21 Ways"， and I though the essay was very educational。 Unfortunately， 21 Ways is still being written。 The author's previous ebook is called "21 Lessons" and is a much shorter， less thorough book that could have been a twitter thread instead。 I didn't enjoy it very much。 Anyone interested in what a blockchain is and how it solves distributed prob I read a really good essay on the computer science behind blockchains from this book's author [1]。 The essay said it was one chapter from a book called "21 Ways"， and I though the essay was very educational。 Unfortunately， 21 Ways is still being written。 The author's previous ebook is called "21 Lessons" and is a much shorter， less thorough book that could have been a twitter thread instead。 I didn't enjoy it very much。 Anyone interested in what a blockchain is and how it solves distributed problems should still read [1]， and I look forward to reading the more-thorough 21 Ways when it's released。 [1] https://dergigi。com/2021/01/14/bitcoi。。。 。。。more

Jonathon Ham ，

Easy to read。 Great introduction book into the hardest money ever created Buy Bitcoin

Chris Boutté ，

What is bitcoin？ Is it needed？ Is bitcoin safe？ How can it improve the current economic system？ All of this and a whole lot more is answered in this short book from Gigi。 I’m newer to cryptocurrency， so I’ve been reading as much as possible to better understand the technology。 Although this had repeat information for me personally， I think it’s a great book for beginners。 Honestly， I wish I would have started with this book because I feel it would have saved me a lot of time with other books tha What is bitcoin？ Is it needed？ Is bitcoin safe？ How can it improve the current economic system？ All of this and a whole lot more is answered in this short book from Gigi。 I’m newer to cryptocurrency， so I’ve been reading as much as possible to better understand the technology。 Although this had repeat information for me personally， I think it’s a great book for beginners。 Honestly， I wish I would have started with this book because I feel it would have saved me a lot of time with other books that take you into some irrelevant weeds。 If you or someone you know is thinking about getting into bitcoin investing， this is the book for you。 。。。more

Sven Gerst ，

I was reviewing the market for introductory books on Bitcoin （to recommend to friends and students） and so I thought Gigi’s 21 Lessons would be the natural starting point。 However， I was rather disappointed by the way this book is set up， especially the first 7 lessons on the philosophy of Bitcoin。 While I agree with everything he says， I think this book is a missed opportunity。 Won’t win over a skeptic or give sufficient substance to new Bitcoiners。

Vlad Bezden ，

Very primitive。 Nothing special。 Maybe the author learned something about bitcoin， but I did not。

Greg ，

I didn't love the forward， but the main text was excellent--full of useful information and observations informed by the author's experiences and perspective。 I didn't love the forward， but the main text was excellent--full of useful information and observations informed by the author's experiences and perspective。 。。。more

Alex ，

Decent， though nothing particularly groundbreaking here。 The first section felt fairly weak， counterbalanced a bit by the strong technical section at the end。 This latter wasn't really enough content to warrant a book， though， and equally good coverage can be found in several other resources。 Decent， though nothing particularly groundbreaking here。 The first section felt fairly weak， counterbalanced a bit by the strong technical section at the end。 This latter wasn't really enough content to warrant a book， though， and equally good coverage can be found in several other resources。 。。。more

Christopher Teeter ，

Quick read - a good， whimsical supplement to other required blockchain and crypto education。 。。。 provides nice repeatable sound bytes and references for further and ongoing study。

Tyler Pavkovich ，

Great addition to anyone's blockchain library。I would put this higher than VOL 3 Internet of Money by Andreas Antonopoulos。 Great addition to anyone's blockchain library。I would put this higher than VOL 3 Internet of Money by Andreas Antonopoulos。 。。。more

frē ，

Too short。 Go watch some Youtube videos instead。

James C Holloway ，

A quick and concise read that gives new and fresh ways to consider the how and why of bitcoin。

Sgt。 Crypto ，

The Black Hole， that is bitcoin/Bitcoin。 What I like about this book was it’s comparison to the classic tale of “Alice in Wonderland”。 It went deep into the bitcoin Black Hole with each of the 21 lessons， there was history， math， physics， & computer science。 It was an education in all those subjects and then some。 After reading this I’m still yearning for more information。 This book is great for anyone new to the bitcoin space & also the OG’s。 If I could give 10 stars， I would because I couldn’t The Black Hole， that is bitcoin/Bitcoin。 What I like about this book was it’s comparison to the classic tale of “Alice in Wonderland”。 It went deep into the bitcoin Black Hole with each of the 21 lessons， there was history， math， physics， & computer science。 It was an education in all those subjects and then some。 After reading this I’m still yearning for more information。 This book is great for anyone new to the bitcoin space & also the OG’s。 If I could give 10 stars， I would because I couldn’t put this book down。 。。。more

Maxi ，

Very fast read。 This book is for a beginner who is trying to start getting into Bitcoin。 If you have been longer in the Bitcoin space it's hard to find new knowledge here。 The one aspect I'll take away and really like is the idea to view the hashing algorithm and the proof-of-work as a decentralized clock。 If people figure out first about Bitcoin they often state， that the mining is a waste of energy。 The author argues: Since Bitcoins protocol is a trustless environment you have to find a decent Very fast read。 This book is for a beginner who is trying to start getting into Bitcoin。 If you have been longer in the Bitcoin space it's hard to find new knowledge here。 The one aspect I'll take away and really like is the idea to view the hashing algorithm and the proof-of-work as a decentralized clock。 If people figure out first about Bitcoin they often state， that the mining is a waste of energy。 The author argues: Since Bitcoins protocol is a trustless environment you have to find a decentralized way to rely on a "true" time。 You have to establish your own timeframe because otherwise you would have to rely on one entity to determine time for you。 And the problem is， that this entity could always influence the time for their advantage。 The process of defining your own tume requires by nature a lot of energy and is one of the most valuable aspects of the protocol。 It's a very refreshing aim towards explaining mining from that angle。 。。。more

Tanner ，

Fantastic book。

Martin Brochhaus ，

I feel bad rating this book so low because I actually 100% agree with every word written in this book。 I believe it is all factually correct， the writing style is very nice， and yet， the book feels a bit like a lazy effort， and most certainly like a giant circle-jerk。The question is: Who is this book for？ I think it is just for the author himself。 It is a great effort to sort his own thoughts and reflect on how far he has walked down the Bitcoin rabbit hole。 But is it going to be useful for anyo I feel bad rating this book so low because I actually 100% agree with every word written in this book。 I believe it is all factually correct， the writing style is very nice， and yet， the book feels a bit like a lazy effort， and most certainly like a giant circle-jerk。The question is: Who is this book for？ I think it is just for the author himself。 It is a great effort to sort his own thoughts and reflect on how far he has walked down the Bitcoin rabbit hole。 But is it going to be useful for anyone else？If you already spent hundreds of hours reading about Bitcoin， then you will not learn anything from this book （I didn't learn a single thing）。 The author quotes all the usual loud-mouths of the Twitter Bitcoin community， all the famous quotes from Satoshi Nakamoto and the Bitcoin whitepaper。 You've probably seen it all。If you don't know about Bitcoin yet， I strongly doubt that you will understand what the hell the author is trying to tell you。 Every single chapter barely scratches the surface of the topic。 Do you hate books where the author just bundled up a series of blog posts and called it a book？ This is worse， this is like the author just bundled up a series of Tweet storms and called it a day。I do think that the author points out all the important keywords that one must understand to truly grasp Bitcoin， things like scarcity， immutability， sound money vs。 fiat money， cryptography， the cypherpunk movement， the proof-of-work algorithm and the resulting Nakamoto consensus and so much more。。。 but it is not written in a way where one thought builds upon the previous thoughts， so it seems like a random selection of topics and the uninitiated reader can only feel lost。Gigi has been a great voice for Bitcoin on social media， so I hate to shit on his work， but from someone of his intellect and eloquence and deep understanding of Bitcoin， I would have hoped for a much much more in-depth book。 Ultimately， you will get exactly what is promised on the cover: A collection of lessons that Gigi learned while falling down the Bitcoin rabbit hole。 Some of his "lessons learned" are quite insightful。 But you will have to do all the homework yourself。 He only shows you all the branching pathways that lead further down the rabbit hole。 You will have to walk them all yourself and do your own research。The good thing is， that this book can be read in a single day and you can even read it for free on 21lessons。com。 You might as well give it a try， but you should expect this to be just a starting point on your journey。 You will have to read A LOT more to really understand the concepts outlined in this book。Ultimately， 3 stars doesn't mean that I hate the book， I just don't think I would ever recommend it to anyone （neither beginners or experts） and I'm a bit disapointed because after following the author on Twitter for years， I would have expected a much more educational work。3 stars means: It delivered on it's promise。 。。。more

Reference

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