Summary of Jeff John Roberts's Kings of Crypto

By IRB Media

Get the Summary of Jeff John Roberts' Kings of Crypto in 20 minutes. Please note: This is a summary & not the original book. Original book introduction: For a moment late in 2018, one bitcoin, which physically amounts to a few electrons blipping on a tiny bit of silicon, was worth $20,000—the same as a pound of gold. Libertarian technologists who believed bitcoin would be the foundation of a new world order saw the moment as an apotheosis. Everyone else saw a bubble. Everyone else was right, and the bubble burst. But bitcoin survived, and the battle for its soul rages on.

Kings of Crypto drops us into the unfolding drama, tracing the rise, fall, and rebirth of cryptocurrency through the experiences of major players across the globe. We follow Silicon Valley entrepreneur Brian Armstrong and the turbulent rocket ride of his startup, Coinbase, as he tries to take bitcoin mainstream while fighting off hackers, thieves, and zealots. Author Jeff John Roberts keenly observes the world of virtual currencies and what happens when startups try to disrupt the world of high finance. Clear explanations of crypto technology are woven into an amazing landscape full of meme-fueled startup hijinks, hacking (so much hacking!), shady investors, government investigations, billionaire bros and their Lambos, and closed-door meetings with Jamie Dimon.

• Language: English
• Publisher: IRB Media
• Release date: Nov 29, 2021
• ISBN: 9781638159513

IRB Media

With IRB books, you can get the key takeaways and analysis of a book in 15 minutes. We read every chapter, identify the key takeaways and analyze them for your convenience.

Book preview

Insights on Jeff John Roberts's Kings Of Crypto

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 1

#1

As it turned out, the founder of the World Wide Web, Tim Berners-Lee, had also created the digital currency known as bitcoin.

#2

However, when Brian first thought of creating a website that would help people buy and sell bitcoins, he thought it was a stupid idea. It was only when he saw the demand that he decided to build it.

#3

Before his friend could join him, Brian had to cut him off. He didn’t want his business to be associated with a virtual currency that could collapse at any moment.

#4

Brian was accepted into Y Combinator, a famous startup accelerator. However, most of the startups that participated in Y Combinator failed soon after.

#5

A young Wall Street worker named Fred Ehrsam left his job at Goldman Sachs to start a new life in Silicon Valley.

#6

Silicon Valley, where many of the world's most innovative companies are based, is where you go if you want to do great things with software.

#7

In November of 2012, it was time for Brian and his new friend Fred to see if their bitcoin company was legitimate. They launched a feature that allowed users to buy and sell the digital currency with just a click of a button.