Summary of David Gerard's Attack of the 50 Foot Blockchain

Please note: This is a companion version & not the original book. #1 The developed world has mostly come to use banks to transfer money between accounts, using digital money. However, this isn’t a complete solution since a shop’s card reader could be down, your payment gateway might charge fees, and you may want to send money to someone not on the same banking network. #2 Bitcoins are a bit like money in a bank account with a debit card, except there is no safety net and no way to reverse a