[2017-03-11] Review: Encyclopedia of Physical Bitcoins and Crypto-Currencies

News Bitcoin - Review: Encyclopedia of Physical Bitcoins and Crypto-Currencies

At some point in the 7th Century BC, the measured round metallic objects we know and love as “coins” became our archetype for money. Fiat currency – paper tickets purporting to represent actual coins – emerged as its nemesis a millennia later. Our ancestors were not amused as their rulers engaged in the common parlor trick of shaving down and adding cheaper metals to our beloved coins, morphing them into what we appropriately refer to as “debased coins.” Yet long after the emergence of paper notes, coins remain the paradigm of money – whether popping from a block punched by Super Mario or ensconced in name of this website.

So it should come as no surprise that in the pioneer days of decentralized digital currency, people felt the urge to cast their new money into physical coins. We know little about how the first coins were forged thousands of years ago, but fortunately for us, Elias Ahonen has written the “Encyclopedia of Physical Bitcoins and Crypto-Currencies” to capture this important piece of crypto-history. In his highly detailed and exhaustive catalog of physical cryptocurrencies, Ahonen takes us on a journey from the very first attempts to produce these physical coins, cementing his place as one of the first ‘bitcoin historians.’

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