Digital Gold

New York Times reporter Nathaniel Popper offers up an inviting, necessary history. The concept behind Bitcoin – a completely electronic currency that isn’t backed by anything in the physical world – is intriguing. Its story is filled with pseudonyms, criminal activities, selfless dedication, incredible hubris, international travel, technological breakthroughs, and, of course, money. Bitcoin went from idea to reality in just a few years – and much of its development occurred inside underreported groups, like chat rooms and the libertarian community. Popper narrates this complex saga with ease and grace. getAbstract recommends his overview and its vivid personal portraits to those intrigued by Bitcoin, international finance, cyberculture, cybercrime, alternative cultures or libertarian thinking.