Description: This listing is for : The Bitcoin Standard: Sound Money in a Digital Age - Hardcover The Bitcoin Standard: Sound Money in a Digital Age" is a book by Saifedean Ammous, published in 2018. It explores the history of money, the principles of sound money, and the potential role of Bitcoin in the future of money and finance. The book argues that Bitcoin represents a return to the principles of sound money, akin to gold, and presents a case for why Bitcoin may be a significant advancement in monetary technology. It's a thought-provoking read for anyone interested in economics, finance, or cryptocurrency. A comprehensive and authoritative exploration of Bitcoin and its place in monetary historyWhen 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.Bitcoin could serve as a global standard for money that is superior to traditional fiat currencies due to its properties as "sound money." Here’s a breakdown of what "sound money" means in this context: Scarcity: Bitcoin is designed to be scarce. There will only ever be 21 million bitcoins in existence, making it a deflationary asset. This is in contrast to fiat currencies that can be printed in unlimited quantities by central banks, potentially leading to inflation. Divisibility: Bitcoin is highly divisible. Each bitcoin can be divided into 100 million units called satoshis. This divisibility makes it flexible for use in transactions of varying sizes. Durability: As a digital currency, Bitcoin does not have a physical form that can degrade over time. Its durability lies in its blockchain technology, which ensures transactions are secure and irreversible. Portability: Bitcoin can be transferred digitally across borders without the need for intermediaries like banks. This makes it highly portable and efficient for global transactions. Uniformity: Every bitcoin is the same as every other bitcoin, which ensures fungibility. Each unit is identical and interchangeable with any other, unlike physical commodities that can vary in quality. Acceptability: Bitcoin's acceptability is growing as more businesses and individuals adopt it as a means of payment or store of value. However, this aspect is still developing and varies globally. Advocates of the Bitcoin Standard argue that these properties make Bitcoin a superior form of money compared to fiat currencies, which can be subject to inflation, political manipulation, and devaluation. They see Bitcoin as potentially offering greater stability, predictability, and security in the long term. It’s important to note that the concept of the Bitcoin Standard is debated among economists and financial experts. While some see Bitcoin as a revolutionary advancement in monetary technology, others raise concerns about its volatility, regulatory challenges, and environmental impact. Items are exactly as shown in pictures, any damage or flaws will be noted. 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Price: 21.75 USD
Location: Strathroy, Ontario
End Time: 2024-11-14T23:31:11.000Z
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Item Specifics
Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money back or replacement (buyer's choice)
Brand: Unbranded
Subject, Keywords: Bitcoin, Sound money, Digital age, Hardcover, Saifedean Ammous, F
MPN: Does not apply
Features: Dust Jacket, Solid Financial Advice, Financial Freedom, Be Rich, Retire Rich, Bitcoin Guide\, Bitcoin Guide, Bitcoin Success, Invest in Bitcoin, Bitcoin Investing, Crypto Advice, Crypto Investing, Valuable Information, Life Changing MOney, Scarcity, Divisability, Durability, Portability, Uniformity, Acceptability, Secrets Revealed, Success Mapping, Outside the Box, Get Rich, Easy Money, Attraction
Original Language: English
Book Title: Bitcoin Standard : the Decentralized Alternative to Central Banking
Number of Pages: 304 Pages
Language: English
Publisher: Wiley & Sons, Incorporated, John
Topic: Banks & Banking, Entrepreneurship, E-Commerce / General (See Also Computers / Electronic Commerce)
Publication Year: 2018
Item Height: 1.1 in
Illustrator: Yes
Genre: Business & Economics
Item Weight: 16 Oz
Item Length: 9.1 in
Author: Saifedean Ammous
Item Width: 6.2 in
Format: Hardcover
