the bitcoin standard: the decentralized alternative to central banking

Who controls Bitcoin, and can they change it if they please? Click or Press Enter to view the items in your shopping bag or Press Tab to interact with the Shopping bag tooltip. This is a future classic. This is a great book for understanding how money works. 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. Rather than as a currency for criminals or a cheap mass consumer payment network, this book argues Bitcoin is emerging as a decentralized, politically neutral, free-market alternative to national central banks, with potentially enormous implications for individual freedom and prosperity. But then it seems like the editor stoped reading and the author decided to go off script. 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. Many would find his perspectives controversial and potentially a little dogmatic. His take on Modern art was among the most memorably idiotic parts of this publication. Bitcoin is novel and has its use cases. How can Bitcoin be killed? I found parts of this book really interesting, mainly because it was the first book I had read on the history of money and bitcoin, but I also thought the author was insufferable and tried far too many times to impose what seems to be an extremely naive and amoral worldview on the reader. the story of the DAO). And what to make of all the thousands of Bitcoin knock-offs, and the many supposed applications of Bitcoin's 'blockchain technology'? 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. Professional economists would find this section of the book cringeworthy. His reasoning and rhetoric is very easy to follow, but I don't know if it's totally accurate. 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. By reading this book you have enough knowledge to evaluate the economic consistency of a cryptocurrency or an ICO. Who controls Bitcoin, and can they change it if they please? With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. He spent chapters berating modern society and blaming everything from broken families to bad pop music on leaving the gold standard (seriously - where was the editor here). Saifedean clears it up and presents a case of how money use has evolved, from examples of Rai stones, shells, salt to metals like gold and silver and ultimately to gold. This is a 5* book based solely on the content I have read so far. Geen Kindle-apparaat vereist. [Note: this is a pretty “rough” review. Reviewed in the United States on August 16, 2019. 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. Since 1943 the. 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. Ontdek het beste van shopping en entertainment, Gratis en snelle bezorging van miljoenen producten, onbeperkt streamen van exclusieve series, films en meer, Je onlangs bekeken items en aanbevelingen, Selecteer de afdeling waarin je wilt zoeken, The Bitcoin Standard: The Decentralized Alternative to Central Banking (English Edition), Mp3-cd, Audioboek, Mp3-audio, Super Audio CD - DSD. 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. It proves that we’ve been duped for decades about how country’s economies are supposedly ‘managed’ by governments. 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. Als je de gratis app wilt ontvangen, moet je je mobiele telefoonnummer invoeren. 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.

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