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the other computers, even if it

generated a digest with the

correct number of zeroes.

ACKNOWLEDGMENTS

Like Bitcoin, this book was

an act of group invention

made possible by many

wonderful people. Andrew

Ross Sorkin brought me into

the job that allowed me to

start

writing

about

this

fascinating topic. Later on he

saw that there was a bigger

story to be written about

Bitcoin and pushed me to

write it. I can’t thank him

enough. My agent, Andrew

Wylie,

gave

me

the

confidence I needed to take

this idea out into the world

and find it the right home. At

HarperCollins, Tim Duggan

immediately understood what

I was hoping to do with this

book, and Jonathan Jao made

sure I did it. Both of them

were the kind of editor every

young writer dreams of

finding. Emily Cunningham

was my guide and good fairy

through the entire process. I

am also grateful for the help I

was given by Joanna Pinsker,

Stephanie Cooper, and the

rest

of

the

staff

at

HarperCollins.

This book is, at its core,

the story of several people

who opened up their lives to

me. I have to thank, most of

all, Wences Casares, Barry

Silbert, Bobby Lee, Charlie

Shrem, Roger Ver, Martti

Malmi, Gavin Andresen, and

Tyler

and

Cameron

Winklevoss. But the story

wouldn’t have come together

without

the

time

and

cooperation of Fran, Hal, and

Jason Finney; Dan Morehead;

Patrick

Murck;

Erik

Voorhees;

Jesse

Powell;

Mark Karpeles; Mike Hearn;

Naval

Ravikant;

Jed

McCaleb; MiSoon Burzlaff;

Nick Szabo; Reid Hoffman;

Eric

O’Brien;

Federico

Murrone; Charlie Lee; Amir

Taaki; Jamileh Taaki; Alex

Rampell; Emmauel Abiodun;

Nicolas Cary; David Marcus;

Jorge Restrelli; Bill Tanona;

Pete Briger; Jamie Dimon;

Max

Neukirchen;

Andy

Dresner; Paul Walker; Marty

Chavez; Alexander Kuzmin;

Nicole Navas; Lyn Ulbricht;

Josh Dratel; John Collins;

Jennifer

Shasky

Calvery;

Sebastian

Serrano;

Chris

Larsen; Chris Dixon; Balaji

Srinivasan; Marc Andreessen;

Kim

Milosevic;

Brian

Armstrong; Fred Ehrsam;

John O’Brien; Belle Casares;

Patrick Strateman; Yifu Guo;

Marcie Braden; Alex Waters;

Brian Klein; Nejc Kodric;

Paul Chou; Jeff Garzik;

Adam Back; Laszlo Hanecz;

Leon Li; Gil Lauria; Monica

Long; Michael Keferl; Daniel

Kelman; Jack Smith; Tim

Swanson; Rui Ma; Jack

Wang; Ling Kang; Huang

Xiaoyu; Kathleen Lee; Ayaka

Ver;

Alex

Likhtenstein;

Jeremy Allaire; Matt Cohler;

Larry Lenihan; Fred Wilson;

Michael

Goldstein;

Phil

Zimmerman; Yin Shih; Perry

Metzger; Tony Gallipi; Bruce

Wagner; and Justin Myers. I

also was lucky to be writing

about a topic that had already

been

covered

by

smart

journalists, academics, and

filmmakers

like

Nicholas

Mross, Joshua Davis, Kevin

Roose,

Eileen

Ormsby,

Izabella

Kaminska,

Felix

Salmon, Andy Greenberg,

Sergio Demian Lerner, Sarah

Meikeljohn, Nicolas Christin,

Susan

Athey,

Adrianne

Jeffries, and Andrea Chang.

This

book

immensely

benefited

from

my

first

readers, some of whom are

also my best friends: Teddy

Wayne, Peter Eavis, Lev

Moscow,

Mark

Suppes,

David Segal, Benny Gorlick,

Alex

Morcos,

and

Ben

Davenport.

My

friends

Danielle and Alex Mindlin,

and Gal Beckerman and

Deborah Kolben gave me lots

of good advice and listened to

my

griping.

Mirta

Kupferminc and her family

graciously put me up while I

did my work in Argentina.

I’m lucky to work for the

New

York

Times

and

DealBook,

where

the

exceptional staff make it

exciting to go to the office

each day. In my time at the

paper, Arthur Sulzberger Jr.,

Jill Abramson, and Dean

Baquet have kept the paper

dedicated to the ideals that

made it a place I wanted to

work for from the time I

became a journalist. Several

wonderful editors helped me

develop my ideas and put up

with my absence while I

developed them into a book.

They include Jeffrey Cane,

Dean Murphy, Vera Titunik,

David Gillen, and Peter

Lattman, who brought me

into my very first Bitcoin

story. My colleagues Charles

Duhigg, Jim Stewart, Ron

Lieber, Barry Meier, and

David Gelles shared wisdom

that made it a bit easier to

navigate the book-writing

process for the first time. I am

also forever indebted to the

editors and journalists who

gave me a shot at various

points in my career and

helped me grow. The list

begins with J.J. Goldberg and

extends to Ami Eden, Alana

Newhouse, John Palattella,

Geraldine

Baum,

Davan

Maharaj, Tom Petruno, and

Larry

Ingrassia,

among

others.

This book was, in the end,

possible only because of my

family: Lewis, Sally, and

Miriam

Popper;

Juliana,

Robbie,

Florence,

and

Beatrice Dapice; and my

broader family, the Strauss

clan, with special thanks to

Jona, Martin, and Alanna,

who helped care for my

family when I could not. My

son, August, put up with too

little time with his father and

gave me an incentive to

finish. My beloved wife,

Elissa, did everything that no

one else could do for me, and

more,

allowing

me

to

accomplish things that would

be impossible without her.

SOURCES

The bulk of this book is based on over three hundred interviews I conducted with the people involved, in places as far flung as Buenos Aires; Beijing; Shanghai;

Tokyo;

Austin;

San

Francisco;

Palo

Alto;

Reykjavik;

Toronto; Washington, DC; Amsterdam;

and New York. I was often able to confirm the recollections with private emails and other contemporaneous

documents that were shared with me. In

the end only a handful of the people mentioned in this book declined to talk

to me.

Unless I have specified otherwise in

the notes below, readers can assume that every moment described in this book came to me directly from at least one or, when possible, more than one person present at the event described.

Most of the direct quotes come from contemporaneous