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Crypto Decrypted
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Crypto Decrypted
by Jake Ryan, James Diorio, Ric Edelman
Crypto Decrypted
Cover
Title Page
Copyright
Foreword
Acknowledgments
Note from the Authors
From our Legal Team
Introduction
PART I: THE PRIMER
PART II: DEBUNKING MYTHS
PART III: THE BREAKTHROUGH
PART IV: THE APPLICATION
Additional Resources
About the Authors
Index
End User License Agreement
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Prev
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Cover
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Title Page
Table of Contents
Cover
Title Page
Copyright
Foreword
Acknowledgments
Note from the Authors
From our Legal Team
Introduction
PART I: THE PRIMER
1 What's the Big Deal About Blockchain?
A Blockchain Is a Specialized Database
Nonmoney Examples of Blockchain Technology
Blockchain Technical Components
Note
2 Bitcoin, the First Application of a Blockchain
What's Unique About Bitcoin
Getting Started with Bitcoin
On Risk
Notes
3 What Makes a Smart Contract Smart?
What Is a Smart Contract Platform?
The Foundation of the Age of Autonomy
Smart Contracts and the Supply Chain
The Evolution of the Contract
How Can We Benefit from Smart Contract Applications?
Notes
4 What Is DeFi?
The Wild West
Banking for the Bankless
DeFi and Governance Tokens
Notes
5 The Metaverse, NFTs, and Web 3.0
The ABCs of NFTs
Not Just Art
The Metaverse
MANGA and Mainstream Adoption
Web 3.0
Notes
PART II: DEBUNKING MYTHS
6 Myth – Regulation Will Kill Crypto
The Sticking Point
Crypto Classification: Security versus Commodity
The Punchline
Notes
7 Myth – Crypto Is a Bubble
Spring Follows Winter
Professor Krugman Is (Still) Wrong
Our Silver Lining Playbook
The Amazing Merge
Notes
8 Myth – Crypto Is Bad for the Environment
Bitcoin Energy Consumption
Blockchain Technologies and Climate Mitigation
Notes
9 Myth – Crypto Empowers Crime
The Internet Is a Criminal Battlefield
Tracing the Untraceable
Everyone Evolves
Notes
10 Guarding Against Fraud
The SEC: Watchdogs on the Hunt
Risk Management and Red Flags
Don't Do Stupid Stuff
Notes
PART III: THE BREAKTHROUGH
11 A Primer on Technological Innovation
The Convergence of AI, IoT and Robotics
Putting It All Together
12 The Byzantine Generals Problem
Some Other Top Computer Science Problems
What Is BGP and Why Is It So Important?
How Bitcoin Solved BGP
BBC Show Fake or Fortune Illustrates the Problem
13 Peer‐to‐Peer Models
Computer Networking
Easy File Sharing
Reduced Costs
Adaptability
Reliability
Notes
14 Trusting Trustless Transactions
The Trust‐Minimized Advantage
Open‐Source Software
15 No Permission Required
The Permission Monster
The Permissionless Solution
The Game, Changed
Notes
16 Digital Scarcity
Provable Scarcity
Digital Scarcity: The New Frontier
Scarcity in the Metaverse
NFTs – Provable Uniqueness
Notes
17 A New Decentralized, Autonomous Economy
Sound Money, Required but Not Sufficient
Financial Capital versus Production Capital
Production Capital Supporting the Autonomous Economy
The Autonomous Economy Realized
18 Liquid Venture
A Cautionary Tale
Crypto Assets Revolutionize Investing
Get Rich Slow
Notes
PART IV: THE APPLICATION
19 Signals versus Noise
All That Glitters Is Not Gold
Sound Assets
What Makes a Crypto Asset Valuable
Putting It All Together
Note
20 Interpreting Charts
On‐Chain Metrics
Technical Analysis
If Nothing Else, Dollar‐Cost Average
21 Crypto as Diversification in a Total Portfolio
Safe‐Haven Assets – Gold and Bitcoin
Generating Alpha – Market‐Beating Returns
Measuring Risk‐Adjusted Returns
Adding Bitcoin to a Total Portfolio
22 Savings, Borrowing, Income Strategies,and Taxes
Taxes
Saving
Borrowing
Income Strategies
Note
23 Investing and Retirement
Ways to Invest in Digital Assets in Retirement Accounts
No “40‐Act” Spot ETFs (Yet)
Investing in Digital Assets
24 Looking Ahead
The Future of the Metaverse
The Future of Sovereign Data
The Future of Money
The Future of the DAO
The Future of Companies
Practical Examples
The Technology Exists Today
A New Long Wave Economic Cycle Has Begun
What's Next?
Notes
Additional Resources
About the Authors
Index
End User License Agreement
List of Illustrations
Chapter 1
Figure 1.1 Bar Chart of Bitcoin Blockchain Size
Chapter 2
Figure 2.1 Crypto Chart of U.S. Investors
Figure 2.2 Exposure to Crypto
Chapter 5
Figure 5.1 NFT Sales Worldwide
Figure 5.2 Virtual Platform Usage
Figure 5.3 Market Capitalization
Figure 5.4 Benefits of Metaverse Worldwide, 2021
Chapter 7
Figure 7.1 Fed Funds Rate
Figure 7.2 Ethereum Price per Day
Chapter 8
Figure 8.1 Bitcoin Energy Consumption Worldwide, 2017–2021
Chapter 9
Figure 9.1 Crypto and Crime
Chapter 11
Figure 11.1 The Adoption Curve, the S‐Curve
Chapter 15
Figure 15.1 Unbanked World Population
Chapter 16
Figure 16.1 Fine Wine versus S&P 500
Figure 16.2 Bitcoin Circulation versus Supply
Chapter 17
Figure 17.1 Governance Page for Curve Financial – Voting on Proposals...
Chapter 19
Figure 19.1 Viable Crypto Assets (Estimated)
Figure 19.2 Inflation and Money Supply in Zimbabwe
Chapter 20
Figure 20.1 Metcalfe's Law
Figure 20.2 Glassnode On‐Chain Metrics Home Page
Figure 20.3 Example of Technical Analysis of Price Chart
Chapter 21
Figure 21.1 Correlation of $BTC to $SPY, the S&P 500 Index
Figure 21.2 Difference Between Sharpe and Sortino Ratios
Chapter 22
Figure 22.1 CD Rates, 2010–2019
Guide
Cover Page
Title Page
Copyright
Foreword
Acknowledgments
Note from the Authors
From our Legal Team
Introduction
Table of Contents
Begin Reading
Additional Resources
About the Authors
Index
Wiley End User License Agreement
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