Proof of Money: The Big Idea Behind Bitcoin cover art

Proof of Money: The Big Idea Behind Bitcoin

What You Don’t Know about Why You Need It

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Proof of Money: The Big Idea Behind Bitcoin

By: Terence Michael
Narrated by: Terence Michael
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About this listen

Bitcoin can grow and secure your wealth for generations.

But the key is knowing how, why, and when.

Get ready to challenge what you think you know about money.

Bitcoin is a better all-in-one investment:

  • No monetary debasement
  • No intermediaries, brokers, managers
  • No rehypothecation
  • Full bearer asset you hold
  • No need to financialize things you don't care about

Bitcoin is better than stocks and bonds:

  • No centralization
  • No counterparty risk
  • No VIP, IPO, or insider privilege
  • No CEO or executive decisions

Bitcoin digitizes gold:

  • Makes it portable, divisible, verifiable, frictionless

Bitcoin is the "internet of money":

  • 24/7 access, decentralized, permission-less, lightning fast

Bitcoin demonetizes income real estate:

  • No maintenance, deterioration, property taxes, tenants, liens
  • Liquid, fractional, instant, mobile
  • Absolute scarcity and sovereign rights for anyone

Bitcoin revolutionizes money technology:

  • Auditable, immutable, transparent, open-source
  • Unhackable ledger of value secured by energy

Bitcoin improves the environment:

  • Stabilizes electric grids
  • Emits zero carbon emissions
  • Removes methane and CO2 from others
  • Consumes less than 0.1 percent of global energy
  • Relies solely on wasted, discarded, stranded, renewable energy

Bitcoin is freedom for eight billion people:

  • For the unbanked, oppressed, disenfranchised
  • Sees no borders, race, religion, politics, sex, or status
  • Equality of opportunity and value for all

Bitcoin is a separation of money from the state:

  • Free from confiscation, sanction, manipulation, censorship
  • Supports independence, activism, or privacy
  • Accountable only to the holder, a bank of the brain

The secret to unlocking Bitcoin is understanding its principles and properties.

Whether you're a seasoned investor or a curious newcomer, this book will transform your relationship with money (and help you gain more of it).

©2023 Terence Michael (P)2023 Terence Michael
Banks & Banking Entrepreneurship Cryptocurrency Business

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A masterpiece with a unique perspective in story telling about bitcoin- simply brilliant!

Having read countless books on bitcoin I was hoping to hear unique perspectives from Terence and I wasn’t disappointed.
Terence is articulate, succinct and is able to wrap complex topics in story telling so simple a five year old can understand.
The skill involved in doing this is testament to a career in story telling and Terence doesn’t disappoint.
Having thought I’d heard every take on bitcoin I was delighted to learn new things about bitcoin delivered in a digestible fashion. So much so, that in my orange pilling journey I’ve incorporated some of his stories in my day to day.
Of particular interest is the repricing and re-slicing of pizza analogy. Powerful concepts delivered in a story that a 5 year old will relate to.
This is a masterpiece and definitely one to add to the collection.
Thank you Terence!

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