Proof of Money is a clarion call to reassess what we understand about money—and why Bitcoin is the future. Terence Michael offers a compelling roadmap into Bitcoin’s design, its philosophical stance, and how it redefines wealth for both individuals and societies.
Here’s how the book unpacks its thesis:
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Bitcoin as an all-in-one investment
It dismisses traditional financial assets like stocks and bonds, highlighting Bitcoin’s strengths as a bearer asset—no intermediaries, no rehypothecation, and no need for unnecessary financial layering.
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Superior to conventional financial instruments
Bitcoin is presented as decentralized and immune to counterparty risk, free from executive or insider control, democratizing access and authority over one’s wealth.
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The “digital gold”—portable, verifiable, frictionless
It transforms gold’s value into digital form: easy to transfer, divisible, and fully auditable.
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The “Internet of Money”
Always accessible, permissionless, and lightning-fast, Bitcoin mirrors the borderless nature of the internet itself.
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Demonetizing income real estate
Bitcoin offers an alternative to real estate, removing hassles like maintenance, taxes, tenants, and liens—while offering liquidity, divisibility, and sovereign ownership.
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Revolutionizing monetary infrastructure
Built on immutable, open-source ledgers powered by energy, it’s transparent, secure, and virtually tamper-proof.
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Environmentally conscious
The narrative challenges conventional wisdom by arguing Bitcoin can improve environmental outcomes—stabilizing electrical grids, reducing emissions, and leveraging stranded or renewable energy, while consuming under 0.1% of global energy.
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Empowering global freedom
Bitcoin transcends borders, identities, and socioeconomic status—championing financial inclusion for the unbanked, oppressed, and disenfranchised alike.
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Separating money from the state
It offers financial independence from censorship, confiscation, or manipulation—literally becoming “a bank of the brain” that answers only to its holder.
The overarching message? To truly unlock Bitcoin’s potential, understanding its foundational principles is key. Whether you’re already invested—or simply curious—Proof of Money aims to transform your relationship with money and help wealth compound across generations.
Author: Michael, Terence
Binding: paperback
Number Of Pages: 308
Release Date: 02-05-2023
EAN: 9798218150020
Package Dimensions: 9.0 x 6.0 x 0.8 inches
Languages: English
