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The Bitcoin Standard: The Decentralized Alternative to Central Banking

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Money history meets Bitcoin’s bold monetary case

This is a strong pick if you want more than crypto hype and actually want to understand why Bitcoin matters in the long arc of money. Ammous ties together economic history, sound money, and Bitcoin’s design in a way that feels provocative and surprisingly readable. Even if you end up disagreeing, it gives you a clear, big-picture framework that many readers find hard to stop thinking about.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.
Just Arrived

The Bitcoin Standard: The Decentralized Alternative to Central Banking

Regular price $13.90
Unit price
per
Compare to estimated retail price: S$50.00  
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ISBN: 9781119473862
Authors: Saifedean Ammous
Publisher: Wiley
Date of Publication: 2018-04-24
Format: Hardcover
Related Collections: Economics, Politics, Business, Science, History
Goodreads rating: 4.17
(rated by 14751 readers)

Description

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.
 

Money history meets Bitcoin’s bold monetary case

This is a strong pick if you want more than crypto hype and actually want to understand why Bitcoin matters in the long arc of money. Ammous ties together economic history, sound money, and Bitcoin’s design in a way that feels provocative and surprisingly readable. Even if you end up disagreeing, it gives you a clear, big-picture framework that many readers find hard to stop thinking about.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.