Siggy is always on me -- metaphorically, understandably -- for not publishing unique, original reviews on SN... always republishing versions of them here from originals elsewhere. Occasionally, though, it happens: #1073289 that SN gets the scoop.
...And today is one of those days...And today is one of those days
Mostly, it's because I can't get the book in question into one of my regular outlets -- timing, content, effort, nothing original or interesting to say etc.
And for the next few months, those others' losses are ~BooksAndArticles' win, since there are plenty of meh-quality Bitcoin books in my possession, ready to be grilled by a grumpy Den, and that I can't for the life of me picture writing about for e.g., a Mises.org audience.
Alas, here we are:
This book was very underwhelming. In Bitcoin is for Everyone: Why Our Financial System is Broken and Bitcoin is the Solution, journalist Natalie Brunell does as decent a job as could be expected of writing yet another Bitcoin book. You haven't really made it until you've written your version of what-bitcoin-is-and-how-it-works, right?
The very simple, all-purpose structure such books follow:
- Look at all these bad things in our society
- actually, look at money and finance, which are, like, soooo broken (hashtag housing, hashtag inflation)
- cool bro, here's a magic internet money thing that fixes (=addresses) all of these ills
- here's how it works, and why you should care about it too
That story has been written a gazillion times, and Bitcoin is for Everyone is no different — even down to the examples and analogies used! (The most exciting new stuff Brunell brings to the table is to compare hashing to making a smoothie: nonreversible process.)
Whenever I read boring Bitcoin books like this, I usually conclude that the problem is me; put differently, this book isn't meant for me. We all learned our Bitcoin trivia somewhere, had to have our specific, lowly and dumb-ish questions answered, and needed somebody — often a person, an author, or a podcaster — walk us through the stuff we hadn't grasped. And her happily colored book, out with a mainstream/big-five publisher, is a perfect such example. It's easy af to read, complete with highlighted sections and executive chapter summaries.
and semi-natural breaks every five paragraphs: very readable before falling asleepand semi-natural breaks every five paragraphs: very readable before falling asleep
Plus, the description of the topics, while simplified and dumb-proof, are adequate and accurate. Even in the description of the banking system and how money operates — an area I always find things to quibble with, no matter the author — Brunell acquits herself honorably.
(The only error I found was her claim that Iceland, because of abundant, surplus renewable energy, has "actively welcomed Bitcoin miners to stabilize" its grid... not the case; Iceland uses aluminum smelters for that, and no, the Icelandic public hates this drug-trafficking, money-laundering, climate-destroying internet troll. The little mining that exists (t)here is small-scale, colocated/hidden under the more generic "data server" industry.)
I've repeatedly said something similar about e.g., The Progressive's Case for Bitcoin. There is no "progressive" case for Bitcoin; it makes no sense, collapses under its own contradiction. But it's the only way a progressive or even remotely left-wing person will take the time to learn about bitcoin... (and Bitcoin's success is way more important than the cultural/political/ideological convictions of its individual users)... plus: if they hear about it from me, they'll always suspect foul play, being an awful, disgusting capitalist-fascist. But when Trey Cross or Jason Maier, with impeccable progressive credentials, see value in Bitcoin then perhaps they can reach an audience I could never speak to.
Brunell is trying to pull off something similar with the wider public (I picture this book in an airport shop) and with women, being a very approachable journalist with a decent sob story: immigrant parents fleeing communism, instill in her decent values, work their way up in America — and then get fucked by the GFC. Money printing broken, etc.
In our identity-obsessed times, this might be the most important thing that Bitcoin is for Everyone brings to the table:
I think of Farida [Togolese human rights lady wielding bitcoin] often as I contemplate one of my own deepest personal missions: educating women about Bitcoin as a tool for true empowerment. Bitcoin provides a way for every woman—no matter where she lives and no matter how oppressive the government and culture—to achieve financial security and agency in her life. (p. 190)
Thus, we get semi-kind-maaaybe true populist statements like "The gap between the rich and everyone else isn't just growing; it's widening at an accelerating rate, making it impossible to catch up" (p. 17) or "this is the hidden tax of monetary inflation. The banks get the money, but we eventually pay for it—at the checkout counter, in our monthly rent, and in the fading dream of owning a home" (p. 56).
Toward the end she makes a neat, time-preference observation I come back to now and again (#1025290, #1383936):
When we see hints of the same desperation [hyperinflation, burn-the-furniture-for-fire behavior] in our own behavior, it's helpful to wonder whether the constant drumbeat of self-blame ("why can't I make better decisions?") isn't, instead, a function of the nuanced but very real effects of money that loses its value over time. (p. 209)
"Bitcoin doesn't fix money; it fixes our relationship with time.""Bitcoin doesn't fix money; it fixes our relationship with time."
Some excellent extracts:
"Bitcoin strips away the toll-takers, the gatekeepers, and the third-party overseers. It's just you and me, freed from the relentless siphoning of value that defines our current financial system." (p. 176)
"Bitcoin is not a company seeking profit. It's an open-source solution to the inflationary chaos caused by a broken monetary system." (p. 152)
"Bitcoin is like an orchestra that's found a way to keep perfect time without a conductor." (p. 140)
"Bitcoin is a bearer asset. Like a dollar bill, it's owned by whoever happens to be holding it. A dollar bill doesn't have my name on it; If I drop it, it's equally useful to the lucky person who picks it up. Protecting your bitcoin is like protecting your cash" (p. 196)
I end this as she does in the Epiloque:
I'm passionate about Bitcoin not because I believe it has all the answers, but because it encourages us to grapple with some very important questions. How do we want to live? (p. 215)
Great question, competently put together.
Tl;dr:
it's a pretty boring book, would not recommend to anybody who's been around Bitcoin for a while.
Might therefore be one of the most important Bitcoin books yet, and one I can honestly and genuinely recommend to a complete MSM/leftie newbie, knowing they could grasp it and wouldn't be put off by disagreeable extreme-libertarian fuck-the-state bros.
This is a fair assessment of Natalie Brunell's book. While the book probably isn't for everyone, those relatable comparisons are what we need to bridge the gap for non-Bitcoiners. If you drink wine, her example of money dilution being like adding water to wine is perfect (p. 30) - it makes inflation feel personal. No one wants watery wine! Why should we accept watered down money?
I won't be picking this one up , or don't plan to at the moment, but as you rightly mention, you're for sure not the target audience adn that's ok.
if it helps bitcoin reach more women in the space (since there's like of them as it is), that's probably a win
It's not for everyone, but it's for anyone.
Great review! 👍 Nice to see an accessible Bitcoin book that can actually help curious newbies understand why Bitcoin matters. Even if it’s familiar material for longtime stackers, reaching a broader audience with clear, approachable language is a win for Bitcoin adoption.
Very good review! This book wasn’t on my reading list but I wasn’t expecting too much from Natalie. I often think people just write books as part of the side hustle culture and “investing in you” road to riches which is okay but then you get a lot of low effort low quality publications.
books are basically a form of business card these days , so having one is almost mandatory
Hahaha! Good analogy
I'm sure that's true but there's an important function to it, too.
She has an audience that may not all be bitcoiners but who do trust her. They're infinitely more willing to read what she has to say about bitcoin than someone they don't already trust.
Really appreciate your sentiment about it, appreciate that you got through the book so I didn't have to. The book must be a vehicle for information to the group you describe:
and I'm sure you are correct. These excerpts are interesting, too. So I take it that the book is well done, the attempt is made in earnest, and maybe I'll tell some people about it.
I wonder, though, what kind of books those of us who've been around for a while want to read, do you know?
edit: actually, I'll add to this. I think it's become obvious what people like us want to read from SN top posts list of the year
like for example, I'm reading Dostoevsky .. . but just cuz
Hahah yeah, it gets tedious and for us in the bizz, having been around for a while you gotta bring some interesting edge to captivate us.
Bushido was def new, I enjoyed the details in Blocksize Wars, which Is actually hadn't read until this year. Resistance Money is pretty interesting.
While I think Hidden Cost of Money gets a number of things wrong about banking and monetary econ, I suspect you might enjoy that one
I've never read a bitcoin book. Are there any that you think I'd get much out of?
Huuuh! That's astonishing... Let me consult my extensive library — maybe the best in the business — and think.
Bushido was great, if you can stomach Svetski. The major ones I've worked on — Broken Money, Bitcoin Age, Genesis Book — are obvs great but It do think they also bring new, important stuff to the table.
Resistance Money was pretty decent, tho convoluted at times.
Larry White's Better Money? It's not directly a Bitcoin book but COMPULSORY reading for us economics nerds
It's hard to give any advice without knowing more about you
I feel like I've provided a decent amount of information about that in my 38k SN items.
Thanks for this review. I remember chatting about it with you in Prague (even though it was not released then).
The title is 'meh'.
The cover is absolutely baffling.
The content was always going to be vanilla and unoriginal.
Still, Natalie is a good actor in the space, and I hope lots of people read the book.
"vanilla" is the one-word review, for sure.
Had you already read a copy by then? I don't remember
No and I still haven't read a copy. As others have said, thanks for the review and saving us from reading it.
I'm sure it's the right book for some normies, but not for me.
Thanks for the review, and for your honesty, I think:
No offense, really, but my primary options pay considerably better than SN!
None taken😀 B.S. aside, I'm very glad you're here.
I do think Natalie is definitely passionate about Bitcoin and women might be more inclined to learn about btc and the issues around it from another woman. Nice review.
Totally
Natalie Brunell’s approach, as described, is standard issue Bitcoin 101, but this is precisely the sort of content that people skeptical of complexity or ideological extremism may require. In a way these entry-level books are less about converting those who already lean toward crypto and more about lowering the psychological and cultural barriers for audiences tied to traditional media narratives. If someone’s first exposure to Bitcoin is through a relatable journalist with humanizing life experiences, the odds of continued exploration increase dramatically.
It is also worth noting that books like this perform a function in the broader ecosystem that high-theory libertarian manifestos or dense economic treatises cannot. They provide digestible, socially palatable framing to a mainstream audience while still pointing toward the deeper mechanics and philosophy of Bitcoin. Dismissing them as boring overlooks their value in bridging worlds that rarely intersect.
In the long game of shifting public sentiment and financial literacy the heavy academic and ideological works need complementary popular formats. Brunell’s book appears to serve that purpose even if it retreads overly familiar ground for veterans. Sometimes the message matters more than the novelty of the delivery and here the accessible framing may be the critical contribution.
Yup, entirely agree.
I like how you put this, too: