Here are 40 books that The Pay Off fans have personally recommended if you like
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As a physicist by education and therefore fundamentally interested in how things work, my early career was spent in secure communications before moving into finance, specifically payments. I helped to found one of the leading consultancies in the field and worked globally for organizations ranging from Visa and AMEX to various governments and multiple Central Banks. I wrote, it turned out, one of the key books in the field, Identity Is The New Money (2014), and subsequently, Before Babylon, Beyond Bitcoin (2017), about the history and future of money. The Currency Cold War (2020) was a prescient implication of digital currencies, particularly CBDC.
I see David Greaeber’s book as a landmark in the field. He completely changed my understanding of and views on money’s role in society and its evolution. I had the good fortune to meet David a few times (in fact, I made a podcast with him) and feel like I learned from every conversation.
Until I read David’s book, I had assumed that the Barter theory of money and the double coincidence of wants was the natural and unchallenged explanation for how money came to be and what roles it performed. David’s and subsequent authors' work has shown that this view is simplistic and outdated.
The groundbreaking international best-seller that turns everything you think about money, debt, and society on its head—from the “brilliant, deeply original political thinker” David Graeber (Rebecca Solnit, author of Men Explain Things to Me)
Before there was money, there was debt. For more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era that we also first encounter a society divided into debtors and creditors—which lives on in full force to this day.
As a physicist by education and therefore fundamentally interested in how things work, my early career was spent in secure communications before moving into finance, specifically payments. I helped to found one of the leading consultancies in the field and worked globally for organizations ranging from Visa and AMEX to various governments and multiple Central Banks. I wrote, it turned out, one of the key books in the field, Identity Is The New Money (2014), and subsequently, Before Babylon, Beyond Bitcoin (2017), about the history and future of money. The Currency Cold War (2020) was a prescient implication of digital currencies, particularly CBDC.
When I first became interested in the future of money as a distinct subject, I had the good fortune to meet the late professor, Glyn Davies. I saw him give a talk on the topic, which was a revelation! His book provides a solid grounding in the evolution of money.
I think no one should formulate opinions about the future of money until they understand its history better. I found the book accessible and compelling, I read it like a novel turning over the pages to see what happened next!
A History of Money looks at how money as we know it developed through time. Starting with the barter system, the basic function of exchanging goods evolved into a monetary system based on coins made up of precious metals and, from the 1500s onwards, financial systems were established through which money became intertwined with commerce and trade, to settle by the mid-1800s into a stable system based upon Gold. This book presents its closing argument that, since the collapse of the Gold Standard, the global monetary system has undergone constant crisis and evolution continuing into the present day.
As a physicist by education and therefore fundamentally interested in how things work, my early career was spent in secure communications before moving into finance, specifically payments. I helped to found one of the leading consultancies in the field and worked globally for organizations ranging from Visa and AMEX to various governments and multiple Central Banks. I wrote, it turned out, one of the key books in the field, Identity Is The New Money (2014), and subsequently, Before Babylon, Beyond Bitcoin (2017), about the history and future of money. The Currency Cold War (2020) was a prescient implication of digital currencies, particularly CBDC.
Brett King’s Bank 2.0: How Customer Behaviour and Technology Will Change the Future of Financial Services had an immediate and lasting impact on my career. First, it showed me that you could write about banking, payments, and financial services interestingly. Secondly, it showed me that people were out there thinking the same as me after learning from early internet-era experiments.
Brett’s subsequent work, including this book and The Rise of Technosocialism: How Inequality, AI, and Climate Will Usher in a New World, continues to help me to organize my thoughts about the role of money in a future always, always connected society.
Winner of best book by a foreign author (2019) at the Business Book of the Year Award organised by PwC Russia
The future of banking is already here ― are you ready?
Bank 4.0 explores the radical transformation already taking place in banking, and follows it to its logical conclusion. What will banking look like in 30 years? 50 years? The world’s best banks have been forced to adapt to changing consumer behaviors; regulators are rethinking friction, licensing and regulation; Fintech start-ups and tech giants are redefining how banking fits in the daily life of consumers. To survive, banks are…
As a physicist by education and therefore fundamentally interested in how things work, my early career was spent in secure communications before moving into finance, specifically payments. I helped to found one of the leading consultancies in the field and worked globally for organizations ranging from Visa and AMEX to various governments and multiple Central Banks. I wrote, it turned out, one of the key books in the field, Identity Is The New Money (2014), and subsequently, Before Babylon, Beyond Bitcoin (2017), about the history and future of money. The Currency Cold War (2020) was a prescient implication of digital currencies, particularly CBDC.
For my final choice, I recommend a work of fiction that made me think deeply about the future of money, markets, institutions, and society. I started reading Ari Juels’ book out of polite interest since I met him, and I can personally testify to his smartness and niceness.
Once I started reading it, however, I couldn’t put it down! It’s a very well-crafted story that draws the reader into the world of blockchains and digital assets with, I thought, very human and believable characters. I can tell you firsthand that trying to write a novel about the future of money is incredibly difficult—I’ve tried! I take my hat off to him for this excellent work, which I hope will cause more people to take the future of money and all it implies more seriously.
Fears of a weaponized blockchain become reality when a software developer races to deactivate the rogue smart contract targeting him for assassination.
Life is comfortable for a prominent, if schlubby, developer at a New York City blockchain company. That is, until FBI Special Agent Diane Dumnil seeks his help against a bewildering threat: The Delphians, worshippers of the god Apollo, have launched a rogue program on a blockchain. It's offering a crypto bounty to assassinate a European archaeology professor.
The developer brushes off the danger until he learns the next target: Himself.
Mythical antiquity collides with a near-future cyberworld as…
I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.
Well, the author is a friend of mine but it’s also on a topic close to my own academic research interests. So it was kind of compulsory reading for me, but it might be the most enjoyable compulsory reading I’ve ever done.
I thought NFTs were just a gimmick to do with internet pictures. But the authors explain, with great examples, that NFTs are best thought of as a new technology for creating digital assets. And better still, providing the true owner with irrefutable proof of ownership of these digital assets.
What I took away was that NFTs are a new technology for tracking property rights. And since property rights have been fundamental to economic development for millennia, this is a topic one can’t afford not to understand.
NFTs cause excitement and skepticism. How much value can a token hold? What drives this value?
To properly appreciate NFTs we must first understand what they actually are, how they work and in what contexts they are used.
The Everything Token is an essential primer on NFTs (non-fungible tokens), explaining their use, purpose, and how businesses can create and exploit them to develop new product lines, building customer loyalty and increased revenues at the same time.
Together the authors have spent much of the past few years embedded in NFT communities and helping launch NFT products. As self-described beta testers…
I started writing about bitcoin and cryptocurrency for the funny dumb crook stories. It was ridiculous and arrogant in a particular way that needed and needs puncturing. Somehow this turned into a second job as a finance journalist specialising in the area. The crypto promoters are reprehensible, but their self-sabotaging foolishness makes their comeuppance extremely satisfying. I feel I’m making the world a better place with this.
For Attack, I knew I had to explain the libertarian origins of bitcoin, and Golumbia’s book supplied my reference list for chapter 2. I recommend this book to anyone who wants to understand why bitcoin.
The political currents that went into bitcoin include several strains that are now accepted as the normal Silicon Valley political position—the “Californian ideology.” Bitcoin shares an ancestry with Silicon Valley startup culture, internet free speech movements, the right wing of transhumanism, and the neoreactionary political movement.
It’s a short book, but it does its homework thoroughly. Cryptocurrency still follows the bitcoin political template in 2023.
Since its introduction in 2009, Bitcoin has been widely promoted as a digital currency that will revolutionize everything from online commerce to the nation-state. Yet supporters of Bitcoin and its blockchain technology subscribe to a form of cyberlibertarianism that depends to a surprising extent on far-right political thought. The Politics of Bitcoin exposes how much of the economic and political thought on which this cryptocurrency is based emerges from ideas that travel the gamut, from Milton Friedman, F.A. Hayek, and Ludwig von Mises to Federal Reserve conspiracy theorists.
Forerunners: Ideas First is a thought-in-process series of breakthrough digital publications. Written…
I started writing about bitcoin and cryptocurrency for the funny dumb crook stories. It was ridiculous and arrogant in a particular way that needed and needs puncturing. Somehow this turned into a second job as a finance journalist specialising in the area. The crypto promoters are reprehensible, but their self-sabotaging foolishness makes their comeuppance extremely satisfying. I feel I’m making the world a better place with this.
The Basilisk Murders is a mystery centred on the Bay Area “transhumanist” subculture—another offshoot of the Californian Ideology that gave rise to bitcoin, and with much of the same style of grandiose bad thinking, ill-directed idealism, and an undercurrent of fraud.
The characters are also into their bitcoins. It’s a rollicking read, and you don’t have to know anything about these people beforehand to learn and understand why they do what they do.
"Was this going to be the end? I wondered as I sprinted down yet another flight of stairs. Was I going to get caught, and get killed, by a geek serial killer?" When Sarah arrives at a tech conference she's meant to be covering for her magazine, she thinks it'll be a few days away from her marriage problems on a tropical island. Instead, she's surrounded by sleazy men who want to build a computer God, thousands of miles from home and her wife. She hates where she is, and the people who are around her. But when someone starts…
I think technology is the closest thing to magic we have in our world, and I’ve always been fascinated by its impact on our lives. During the Obama Administration, I worked as the senior civilian aide to the Chairman of the Joint Chiefs of Staff, on the National Security Council, and as a founder of the Pentagon’s Silicon Valley Office, Defense Innovation Unit. This gave me a front-row seat to how quickly technology changes war and geopolitics. I’m passionate about sharing what I’ve seen and think will likely happen shortly and helping people everywhere grapple with the changes unfolding in places like Ukraine and the Middle East.
This book is a real-life thriller. Andy Greenberg chronicles the battle between crypto-enthusiasts determined to mint untraceable currency that would evade controls by all governments and the mathematicians, cryptologists, and law enforcement agents who hunted down those who used cryptocurrencies to break the law.
The story is about technological cops vs robbers. Still, in another way, it tells a tale about what it will take for states to maintain sovereign control when powerful digital tools and encryption become widely distributed. The same wave of powerful technology enabling a skilled set of crypto hackers to nearly outrun the entire FBI is also why scrappy Ukrainian technologists are building drones in garages that can take out Russian tanks. We are in a brave new world, which you can see on these pages.
From the award-winning author of Sandworm comes the propulsive story of a new breed of investigators who have cracked the Bitcoin blockchain, exposing once-anonymous realms of money, drugs, and violence. “I love the book… It reads like a thriller… These stories are amazing.” (Michael Lewis)
Over the last decade, a single innovation has massively fueled digital black markets: cryptocurrency. Crime lords inhabiting lawless corners of the internet have operated more freely—whether in drug dealing, money laundering, or human trafficking—than their analog counterparts could have ever dreamed of. By transacting not in dollars or pounds but in currencies with anonymous ledgers,…
I’m an economics professor, but I also have a column in Australia’s leading financial newspaper so I really appreciate authors who can tackle complex topics in an accessible manner. I’m also both extremely interested in and do academic research on topics to do with technologies like two-sided platforms, cryptocurrencies, blockchain, and artificial intelligence. All these books made me think harder about the big issues in these areas, and how to combine rigorous research with what is actually happening—often at breakneck speed—in the real-world digital economy.
First of all, I love everything Michael Lewis writes. But this might be his most engaging book yet. Told through the lens of Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, this is an incredible story.
It’s a story that combines genius, brilliance, folly, technology, and crime that left me wondering whether SBF really did something terrible, or just got desperately unlucky. It guided me through Bankman-Fried’s criminal trial, its aftermath, and the bankruptcy of FTX with a part harsh judgment and part huge empathy.
When Michael Lewis first met him, Sam Bankman-Fried was the world's youngest billionaire and crypto's Gatsby. CEOs, celebrities, and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side?
In Going Infinite Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy, and the justice system.…
I’ve been writing about cryptocurrency since 2015, and full-time since 2017. I’ve worked for the biggest crypto news site in the world, CoinDesk, but now I write about it every day for a more mainstream audience. Cryptocurrency fits at a nexus at the kind of things I’m drawn to: It’s technological, it’s economic and it freaks people out. Unlike a lot of people who write about crypto, I’ve actually played around with the stuff. I’m not an investor, but I have used it. Using it is really the only way anyone gets to the point of grokking it, and I grok the stuff.
The Cryptopians covers basically the same ground as The Infinite Machine, but in much, much more detail.
Shin very much sets out to dig the skeletons out of the closet from the earliest days of the Ethereum adventure.
The thing you have to understand about how Ethereum started is this: A 19-year-old gawky immigrant kid who was completely conflict averse came up with the vision. A bunch of moderately rich guys and hacker types heard his ideas and saw money start to burst out of their eyeballs. They all moved into a house together and tried to build it and a lot of personal rivalries and drama ensued.
Then there were a couple of gigantic early screw-ups that nearly sank the whole thing.
Shin goes through it all blow by blow. There are a lot of “he said/she said” sort of moments in the book.
In their short history, Bitcoin and other cryptocurrencies have gone through booms, busts, and internecine wars, recently reaching a market valuation of more than $2 trillion. The central promise of crypto endures-vast fortunes made from decentralized networks not controlled by any single entity and not yet regulated by many governments.
The recent growth of crypto would have been all but impossible if not for a brilliant young man named Vitalik Buterin and his creation: Ethereum. In this book, Laura Shin takes readers inside the founding of this novel cryptocurrency network, which enabled users to launch their own new coins, thus…
