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The Honest Bitcoin Book: Money, Machines, and the Twenty-One Million
Paperback
Business GeneralEconomicsInvesting & Finance
Publisher: Independently Published
Published: Aug 18 2026
Pages: 134
Weight: 0.42
Height: 0.29 Width: 6.00 Depth: 9.00
Language: English
Everyone has an opinion about Bitcoin. Almost nobody can explain it.
Most books on this subject are written near the top of a cycle, when the number going up is doing all the persuading. This one was written fifty per cent below the all-time high - on purpose. In a drawdown the marketing budgets go home, and what's left is the thing itself: a network of strangers agreeing, every ten minutes, on who owns what, without asking anyone's permission.
Clint Hervias starts where every honest explanation has to start - with money. A Pacific island that used four-ton limestone discs as currency, including one at the bottom of the ocean that everybody agreed still counted. The bored London goldsmiths who accidentally invented fractional reserve banking. Rome's silver denarius, debased from 95% to almost nothing. The Sunday night in 1971 when Nixon pre-empted Bonanza to end the gold standard temporarily.
Only then does he turn to the machine: the twenty-year run of failures that preceded Satoshi Nakamoto, how proof of work actually solves the double-spend problem, what a seed phrase really is, why the users beat the miners in Bitcoin's civil war, and what Lightning does. The final chapters cover what is genuinely happening now - the GENIUS Act, the CLARITY Act's stall in the Senate, El Salvador's quiet reversal, the US Strategic Bitcoin Reserve, and a rocket company that turned out to be holding 18,712 coins nobody knew about.
There are no price targets and no recommendations. The strongest case for Bitcoin and the strongest case against it are both made at full strength, so you can decide for yourself.
Nothing in this book is financial, investment, legal, or tax advice. Bitcoin is a volatile asset that has lost more than eighty percent of its value on multiple occasions and may do so again. All prices, holdings, and legislative statuses are current as of August 2026.Also in
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