TestMarket - 🔥 Exclusive Promo: The Bitcoin Standard - Decentralized Alternative to Central Banking

🔥 Exclusive Promo: The Bitcoin Standard - Decentralized Alternative to Central Banking

May 20, 2024 06:52 am
🔥 Exclusive Promo: The Bitcoin Standard - Decentralized Alternative to Central Banking
Category: Business & Economic History
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Rating: 4.60
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Title: Essential Reading for Bitcoin Enthusiasts
Content: As a Bitcoin maximalist, I found "The Bitcoin Standard" to be an indispensable resource in understanding the fundamental principles behind Bitcoin and its role in the global economy. This book offers a comprehensive analysis of the history of money and the impact of decentralization on financial systems. The author, Saifedean Ammous, does an exceptional job of breaking down complex concepts in a manner that's accessible to readers from various backgrounds. His writing style is engaging and thought-provoking, making it easy to follow and digest the information presented. "The Bitcoin Standard" delves into the advantages of Bitcoin as a sound form of money, emphasizing its scarcity, durability, and resistance to censorship. It also provides valuable insights into the potential implications of Bitcoin adoption for economic growth and financial freedom. One of the book's strengths is its thorough examination of historical and contemporary monetary systems. This context allows the reader to appreciate the significance of Bitcoin as a groundbreaking innovation that could reshape our understanding of money and finance. In conclusion, I highly recommend "The Bitcoin Standard" to anyone interested in Bitcoin, whether they're a long-time enthusiast or just beginning their journey into the world of cryptocurrency. This book has earned a well-deserved 5-star rating, and I believe it should be considered essential reading for anyone passionate about the potential of Bitcoin to transform the global economy.
Title: An exhilarating account of the economic and historical rationale behind Bitcoin
Content: 'The Bitcoin Standard' is an enjoyable, well-written account of the economic theory and history behind Bitcoin, particularly behind the idea of Bitcoin as 'digital gold'. Most of the book is devoted to a fairly detailed account of the history of money, as seen from Ammous's distinctively Austrian School point of view. Whether or not one agrees with this point of view, the historical account is vigorously and entertainingly argued; Ammous is not afraid to call out what he sees as the economic crimes of past and present, particularly with regards to fiat currency, socialist governments, and Keynesian central banking. Ammous argues that the gold standard was a far superior system to the fiat currency system we have today, and that the 'Bitcoin standard' will be its digital reincarnation. While this veneration of the gold standard may seem surprising or implausible to modern readers, Ammous argues his case well, citing the remarkable, indeed almost uninterrupted, economic boom that much of the West enjoyed during the years of the gold standard. This long period of prosperity under the gold standard is contrasted with the depressingly familiar 'boom and bust' cycle that has characterised the global economy since the abandonment of the gold standard in favour of the present system of 'fiat' currencies. Having established his theoretical and historical case for why we need 'sound money', such as gold, Ammous spends the remainder of the book arguing why Bitcoin, and Bitcoin alone, is suited to perform the function of digital sound money. He argues that none of the alternative cryptocurrencies (altcoins) can fulfil this function, and that therefore Bitcoin itself should be the focus of any efforts to create a superior alternative to the current currency system. Finally he presents an idea for how Bitcoin could scale to the point of true worldwide use for the whole human population, namely a network of banks issuing currency backed by Bitcoin, thus the 'Bitcoin Standard' that gives the book its name. My main quibble with the book is that Ammous only gives us a cursory explanation of how his long-term vision for Bitcoin as an international settlement currency would work. He states that Bitcoin's current transaction capacity of approximately 350,000 transactions per day would allow each bank in a network of 850 central banks to perform one final settlement transaction with every other bank in the network per day, and that if each of these banks served 10 million customers this would allow Bitcoin (or at least a central bank derived version of it) to be used by the world's entire population. Even putting aside the many significant problems that this approach would introduce, such as a return to (semi) trusted third parties and the possibility of these central banks running fractional reserve systems, Ammous never gives us any explanation of how this system would actually work, even in broad terms. For that reason I would rate this book 4.5 out of 5 stars if Amazon allowed such a rating. With that aside, I would nonetheless very much recommend this book for anyone interested in the economic, monetary, and historical case for Bitcoin as 'digital gold'. If Ammous's predictions for the future of Bitcoin and the world monetary system come to pass then it will be not only a highly entertaining and interesting book but an important one too.
Title: Fascinating book
Content: I found this book really interesting - way beyond Bitcoin in the background it gives, in particular as a contrast to mainstream Keynsian economics. It's well written and an easy read. I don't give it five stars because of occasional episodes of hysteria and conspiracy spotting that leave me with doubts as to how objective it is. Read it critically for an alternative point of view.
Title: Best book about sound money.
Content: Forget everything what you’ve learn about money and Bitcoin. This book is an eye opener. Highly recommended!
Title: Must read!
Content: I have been learning more about crypto and how it could be the answer to the financial difficulty’s we are all facing, but it’s so important to study Bitcoin and our money system to fully understand why crypto could be the answer to the money/ living cost crisis. I will say make sure you make time to read this when your not too tired or have a lot going. Its essentially teaching something to different to everything we have ever known. Take notes if needs be. One chapter at time. But I believe it’s something everyone should read even if they choose not to invest in Bitcoin. So glad I bought it!
Title: A brilliant guide to gain a greater understanding of BIT COIN and the history of money.
Content: This has really opened my eyes when it comes to the purpose of money and how FIAT currencies are deprecating our purchasing power and standard of living.

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