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The Age of Cryptocurrency

Paul Vigna and Michael J. Casey on money and trust

The Age of Cryptocurrency examines Bitcoin through the relationship between money, institutions and trust. The public excerpt and a contemporary interview with Michael Casey reveal the authors’ arguments and their uncertainty about adoption of the new technology.

A reading overview of Paul Vigna and Michael J. Casey’s 2015 book. It draws on a public excerpt, publisher information and a published interview, distinguishing the book’s account from subsequent developments.

The authors are Paul Vigna and Michael J. Casey. Penguin lists the British ebook Cryptocurrency under Vintage Digital, dated 29 January 2015. The American page for The Age of Cryptocurrency covers the Picador paperback of 12 January 2016. These dates describe specific editions; the paperback’s year should not be presented as the origin of the original book. [3] [1]

The excerpt From Babylon to Bitcoin opens by asking why people accept money. The authors do not regard calling a system trustless as a complete description: a new currency must also earn users’ trust. Their focus is therefore on how trust is organized. [1]

Casey recounts transferring the proceeds from selling an apartment in Argentina. In an uncertain situation, he relies on a trusted acquaintance. The episode gives the argument a human dimension; we read it here as the author’s testimony, not as instructions for transferring money. [1]

The text contrasts a conception of money as a commodity with one based on credit and social relationships. The authors identify with the latter. Readers can thus recognize the starting point of their account instead of mistaking it for a neutral definition. [1]

In an O’Reilly interview dated 21 October 2015, Casey recalls his initial distrust of Bitcoin. Understanding the role of intermediaries helped him see a different way of maintaining a shared record. At the same time, he distinguishes the viability of an idea from the speed of its adoption. His enthusiasm for the principle therefore does not imply certainty of immediate widespread use. [2]

The same interview discusses small payments, connected devices and the identity of participants in the financial system. Casey considers what the technology might enable. This overview does not turn his answers into a list of achieved results. The interview is also useful for comparing expectations with later events, although that would require further, separate verification. [2]

The British synopsis presents the book as a story of technological change and its social reach. This helps identify the intended audience, but promotional wording is not the result of independent testing. When reading, it is useful to distinguish the authors’ questions, their answers and the publisher’s assessment. A synopsis alone cannot establish the quality of every argument inside the book. [3]

We read the entire public excerpt on the Macmillan page and the entire published O’Reilly interview. We verified the stated publication details. We did not verify the whole book or every historical claim in the excerpt. This overview does not present contemporary estimates of fees, speed or adoption as current network properties. [1] [2] [3]

For the clearest picture, read this entry together with Bitcoin, Digital Gold, Unit of Account.

01Why do we distinguish 2015 and 2016 here?

These are details of different editions. Penguin lists the British ebook in 2015, while the American page used here covers the Picador paperback from 2016. A later edition does not move the origin of the original book.

02Does this overview confirm that the authors’ predictions came true?

No. It records the arguments of the public excerpt and contemporary interview. Verifying later developments would require further sources and a separate comparison; we have not read the whole book.

DOC · 001Macmillan — The Age of Cryptocurrency, public excerpt and Picador editionPublisher DOC · 002O’Reilly — Michael Casey interview (2015)Primary DOC · 003Penguin — Cryptocurrency, British ebook editionPublisher
Revised: Source-first · No investment advice