SUMMARY and CONCISE ANALYSIS of the Bitcoin Standard: the Decentralized Alternative to Central Banking by Saifedean Ammous PDF Download
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Author: AscentPrint
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
The bitcoin standard book (2018) traces the story of money, from the very first rock currencies to the Victorians' love affair with gold and today's new kid on the block - digital cryptocurrency. Saifedean Ammous, an economist convinced that we need to embrace the forgotten virtues of sound money, believes Bitcoin might just be the future. Like yesteryear's gold reserves, it has unique properties that mean it's ideally placed to act as a medium of exchange that can't be manipulated by bumbling governments. And that's great news if we want to return our economies to stability and growth and put the cycle of boom and bust behind us.DISCLAIMER!!!This book is a SUMMARY. It's meant to be a companion, not a replacement, to the original book. Please note that this summary is not authorized licensed, approved, or endorsed by the author or publisher of the main book. The author of this summary is wholly responsible for the content of this summary and is not associated with the original author or publisher of the main book. If you'd like to purchase the original book, kindly search for the title in the search box.
Author: AscentPrint
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
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Book Description
The bitcoin standard book (2018) traces the story of money, from the very first rock currencies to the Victorians' love affair with gold and today's new kid on the block - digital cryptocurrency. Saifedean Ammous, an economist convinced that we need to embrace the forgotten virtues of sound money, believes Bitcoin might just be the future. Like yesteryear's gold reserves, it has unique properties that mean it's ideally placed to act as a medium of exchange that can't be manipulated by bumbling governments. And that's great news if we want to return our economies to stability and growth and put the cycle of boom and bust behind us.DISCLAIMER!!!This book is a SUMMARY. It's meant to be a companion, not a replacement, to the original book. Please note that this summary is not authorized licensed, approved, or endorsed by the author or publisher of the main book. The author of this summary is wholly responsible for the content of this summary and is not associated with the original author or publisher of the main book. If you'd like to purchase the original book, kindly search for the title in the search box.
Author: Dennis Braun
Publisher: Independently Published
ISBN: 9781794059764
Category : Study Aids
Languages : en
Pages : 34
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Book Description
The Bitcoin Standard (2018) traces the story of money, from the very first rock currencies to the Victorians' love affair with gold and today's new kid on the block - digital cryptocurrency. Saifedean Ammous, an economist convinced that we need to embrace the forgotten virtues of sound money, believes Bitcoin might just be the future. Like yesteryear's gold reserves, it has unique properties that mean it's ideally placed to act as a medium of exchange that can't be manipulated by bumbling governments. And that's great news if we want to return our economies to stability and growth and put the cycle of boom and bust behind us.PLEASE NOTE: This is a summary and analysis of the book and NOT the original book.Our summaries aim to teach you important lessons in a time-efficient and cost-effective manner. They are coherent, concise, and comprehensive, highlighting the main ideas and concepts found in the original books. Unessential information is removed to save the reader hours of reading time. Save time and money while completing your reading list.
Author: Saifedean Ammous
Publisher: John Wiley & Sons
ISBN: 1119473918
Category : Business & Economics
Languages : en
Pages : 311
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Book Description
A comprehensive and authoritative exploration of Bitcoin and its place in monetary history When a pseudonymous programmer introduced "a new electronic cash system that’s fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few people paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. 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 real competitive edge might just be as a store of value and network for the final settlement of large payments a digital form of gold with a built-in settlement infrastructure. Ammous’ firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders. The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knockoffs, and the many supposed applications of Bitcoin's 'block chain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet’s decentralized, apolitical, free-market alternative to national central banks.
Author: Milkyway Media
Publisher: Milkyway Media
ISBN:
Category : Study Aids
Languages : en
Pages : 25
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Book Description
Buy now to get the key takeaways from Saifedean Ammous's The Bitcoin Standard. Sample Key Takeaways: 1) Bitcoin is the newest technology to serve the purpose of money. It is an innovation that takes advantage of the digital age's technical possibilities to solve a dilemma that has long plagued humanity: how to transfer economic capital through time and space. 2) To comprehend Bitcoin, one must first understand money, and there is no better way to comprehend money than to research its purpose and history.
Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 1669368920
Category : Business & Economics
Languages : en
Pages : 56
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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 The Fiat Standard has survived for 50 years, which makes it unreasonable to dismiss it as an irredeemable fraud on the brink of collapse. Understanding how the fiat standard works and how it frequently fails is essential knowledge for navigating it. #2 The first seven chapters of The Bitcoin Standard explained the history and function of money, and its importance to the economic order. With bitcoin showing us how an advanced monetary system can function independently of government control, we can better understand the properties required for a monetary system to operate on the free market. #3 The fiat system was not a carefully designed financial operating system like bitcoin, but rather it evolved through a process of compromise between political constraints and expedience in managing government default. #4 The fiat monetary system was a solution to the gold standard’s low spatial salability. It allowed governments to transfer value across space without having to worry about the gold standard’s constraints. But it allowed governments to exploit their citizens by giving them easy fiat tokens that they could use to pay their taxes.
Author: Saifedean Ammous
Publisher:
ISBN:
Category :
Languages : en
Pages : 304
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Book Description
When a pseudonymous programmer introduced "a new electronic cash system that's fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. 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 real competitive edge might just be as a store of value and network for final settlement of large payments-a digital form of gold with a built-in settlement infrastructure. Ammous' firm grasp o...
Author: Michael A May
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Few people took notice in 2008 when a pseudonymous programmer announced: "a new electronic cash system that's peer-to-peer, with no trusted third party" to a small internet mailing list. Ten years later, and despite all odds, this fledgling autonomous decentralized software provides a hard money alternative to contemporary central banks that is unstoppable and accessible on a worldwide scale. The Bitcoin Standard examines the historical background of Bitcoin's rise, the economic characteristics that have fueled its rapid expansion, and the potential economic, political, and social ramifications. Transferring wealth over time and place is an issue that has existed since the beginning of human society, even if Bitcoin is a relative innovation of the digital age. Ammous takes the reader on a fascinating tour through the development of money-related technologies, starting with the earliest systems of exchanging seashells and limestones and progressing through metals, coins, the gold standard, and contemporary government debt. By examining what gave these technologies their monetary function and how most of them lost it, we can give readers a clear understanding of what constitutes sound money and lay the groundwork for a discussion of how this has an impact on people's attitudes toward the future, capital accumulation, trade, peace, culture, and the arts. Ammous convincingly demonstrates that neither the fact that the greatest human accomplishments have occurred in societies that have benefited from stable monetary regimes nor the fact that monetary collapse has typically been accompanied by the civilizational collapse are coincidences.
Author: Saifedean Ammous
Publisher:
ISBN: 9781544526478
Category : Bitcoin
Languages : en
Pages : 0
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Book Description
The Fiat Standard is an insightful study of the history, function, and impacts of the fiat monetary system on human society, economics, and politics over the past century. What are the possibilities for the rise of bitcoin in this system?
Author: Nik Bhatia
Publisher:
ISBN: 9781736110515
Category :
Languages : en
Pages : 180
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Book Description
In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a "layered" manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia's analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of "layered money" illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Readers will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.
Author: Saifedean Ammous
Publisher:
ISBN: 9781544526454
Category : Bitcoin
Languages : en
Pages : 358
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Book Description
