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Bitcoin is the newest technology for money—find out how it fits in the future. Bitcoin is the digital age's novel, decentralized, and automated solution to the problem of money: accessible worldwide, controlled by nobody. Can this young upstart money challenge the global monetary order? Economist Sai...

Bitcoin is the newest technology for money—find out how it fits in the future.
Bitcoin is the digital age's novel, decentralized, and automated solution to the problem of money: accessible worldwide, controlled by nobody. Can this young upstart money challenge the global monetary order? Economist Saifedean Ammous traces the history of the technologies of money to seashells, limestones, cattle, salt, beads, metals, and government debt, explaining what gave these technologies their monetary role, what makes for sound money, and the benefits of a sound monetary regime to economic growth, innovation, culture, trade, individual freedom, and international peace.

The monetary and historical analysis sets the stage for understanding the mechanics of the operation of Bitcoin, the reasons for its initial success, and the role it could play in an information economy. Rather than serving as a currency and network for consumer purchases, the author argues Bitcoin is better suited as a store of value and network for settlement between large financial institutions. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin's true importance may just lie in providing a decentralized, neutral, free-market alternative to national central banks.

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Number of Pages: 304

ISBN: 1119473861

ISBN-13: 9781119473862



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The lesson I learned is that the most important thing about bitcoin isn't its price appreciation against fiat, the most important thing is its incorruptibilty. The price appreciation is just a side effect of that. @saifedean

The #Bitcoin Standard by @saifedean should be required reading for everyone interested in money.

An awesome book about bitcoin being less expensive than toilet paper is a diss on the author?? So if it was $80 per copy that'd be better? lol This is fugging dumb

Bitcoin Standard and Fiat Standard are really good books. Anybody who wants to learn about these, they should really go and read the books first.

Recommend reading The Bitcoin Standard. All these terms will make perfect sense, and you’ll get so much more too

I may not always see eye to eye with @saifedean but listening to this again… …it is mostly a brilliant book…

You should read this book!

The #Bitcoin Standard by @saifedean is an excellent book. This thread is a pathetic attempt at attacking its core thesis. I’ve responded to some of its shortcomings in the comments within the thread.

Bitcoin Standard book does a good job covering the history and counterpoints, even for those that are not into bitcoin.

This book not only answer questions you may have about bitcoin, it offers hope for an economic future all humans deserve. After reading this book you will have not only answers related to money and economics, you will have opened a new door to what is possible.

Required reading for anyone seriously interested in understanding the importance and power of bitcoin.

Fantastic Read.

To learn more I suggest reading [The Bitcoin Standard]

Here are my favorite quotes from this amazing book. #THREAD

Bitcoin has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it now has a track record of several years, enough for it to be an animal in its own right. Its mere existence is an insurance policy that will remind governments that the last...

Bitcoin has no owner, no authority that can decide on its fate. It is owned by the crowd, its users. And it now has a track record of several years, enough for it to be an animal in its own right. Its mere existence is an insurance policy that will remind governments that the last object the establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future.

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