UNSPENDABLE
Why Bitcoin fails as money.
Bitcoin began as a promise: electronic cash with no bank in the middle. Seventeen years later, it carries less than one hundredth of one percent of the world’s payments, and almost no one spends it. Unspendable follows what happened to that promise, and why the price kept rising as the purpose slipped away.
Imagine a lottery offers you a choice: every bitcoin in existence, or the same $2 trillion in American farmland, rented to working farmers. The farmland pays you whether or not anyone believes in it. The bitcoin pays nothing, ever. The only way to turn it into money is to find someone who will buy it.
Written for the quiet skeptic, Unspendable takes Bitcoin’s strongest claims seriously, concedes where it meets a real need, and shows where the design and the arithmetic stop supporting the story.
Available now
| Format | Buy |
|---|---|
| Kindle | Amazon.com Amazon.ca Amazon.co.uk |
| Paperback | Amazon.com Amazon.ca Amazon.co.uk |
| Hardcover | Amazon.com Amazon.ca Amazon.co.uk |
The Kindle edition is also in Kindle Unlimited. Other Amazon stores carry the book too: search for Unspendable Trottier.