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The Bitcoin Standard: The Decentralized Alternative to Central Banking

<ul><li><strong>Decentralized Cash System Analysis</strong>: Analyzes a "new electronic cash system that's fully peer-to-peer, with no trusted third party" introduced in 2008.</li><li><strong>Autonomous Software Examination</strong>: Explores an "upstart autonomous decentralized software" that offers a "globally-accessible hard money alternative to modern central banks."</li><li><strong>Historical Context of Money</strong>: Provides historical context to the rise of Bitcoin and journeys through the history of technologies performing the functions of money, from primitive systems to the gold standard.</li><li><strong>Economic and Societal Implications</strong>: Discusses the economic properties that allowed Bitcoin to grow quickly and its likely economic, political, and social implications.</li><li><strong>Value Transfer Problem Solution</strong>: Addresses the problem of "transferring value across time and space" that Bitcoin purports to solve.</li></ul>

<p>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. <i>The Bitcoin Standard</i> 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. <p>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. Explori

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[This review was collected as part of a promotion.] Well written, informative, timely. Highly recommend for those wanting to be informed and prepared for the future of our monetary system.

Worth your time

The Bitcoin Standard: The Decentralized Alternative to Central Banking

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