Review of “The Coming Economic Revolution” by Donald Dienst

Score: 92+/100 (9.2+ out of 10)

In the 80s and 90s, when most of our reviewers were growing up, VHS and cassette tapes were the coolest, hippest, and best ways to access media. TVs were the size of small refrigerators and weighed just as much. Computers weren't much smaller. Not to mention that our cellphones were basically bricks with buttons on them, and many of us used pagers to contact each other.

How the technological world has changed!

The world around us is always changing and evolving: culturally, socially, politically, and technologically. Think about how the way we did and viewed things in the 80s and 90s differs from the way we do and view things today. It's almost night and day.

Who would've thought that we'd go from VHS to DVDs, then from DVDs to Blu-Ray, then from Blu-Ray to streaming services that rendered physical media all but obsolete?

With all that in mind, doesn't it make sense that economics would change? Doesn't it make sense that currencies would evolve?

With all that in mind, cryptocurrencies sound a lot more plausible. They are a natural evolution—a result—of the ever-changing world around us.

Just because we've used paper money and coins for centuries doesn't mean we'll always be using paper money and coins. Paper money and coins, in and of themselves, represent an evolution from the use of precious metals (like gold and silver) and bartering goods and services (i.e. labor). Then came credit, manifesting itself in the cards that fill our wallets today.

These credit and debit cards exist as a faster, easier, more efficient, and more sanitary way of exchanging capital for goods and services.

But what evolves from credit? What happens when currencies are losing their value? When corruption is running rampant in government? When the banks are failing? When there is so much uncertainty?

That's where cryptocurrencies like Bitcoin come in—a decentralized currency that retains its value over time and is out of the jurisdiction and control of any one government or central bank.

We absolutely, positively did not expect to enjoy or learn so much from this book!

Keep in mind, Bitcoin and cryptocurrencies were like foreign languages to us. Before reading this book, we knew next to nothing about them. Yes, we've seen it here and there. We've heard people talk about it like it's the cool new thing. However, we were far from familiar with it. We ignorantly assumed, like so many, that it was some kind of fad that would die out, or that it was some kind of Ponzi scheme. When we'd hear “crypto” we'd think of Crypto Zoo and the scam that turned out to be. However, Bitcoin and cryptocurrencies do have a degree of precedence and legitimacy that we didn't originally recognize.

This is what The Coming Economic Revolution by Donald Dienst taught us! We were able to come away with all of the information we mentioned before with almost no prior knowledge of the subject matter! That just goes to show how enlightening and eye-opening it was.

Check it out on Amazon!