The Bitcoin Standard - Saifedean Ammous

Name : The Bitcoin Standard - Saifedean Ammous

Author : Saifedean Ammous

Book Format : Hardcover

Edition : 8 June 2018

Genre : Business & Economics

ISBN : 9781119473862

Language : English

Pages : 501-600 Pages

Publish Year : 2018

Publisher : piatkus

Sub Genre : Business Analysis Books

When a pseudonymous programmer pitched a small online mailing list in 2008 for "a new electronic POS system that is completely peer-to-peer and uses no trusted third parties," few people paid any attention. bottom. Ten years later, against all odds, this emerging autonomous decentralized software offers an unstoppable, globally accessible cash alternative to modern central banks. It analyzes the historical background of Bitcoin's rise, the economic characteristics that enabled its rapid growth, and its potential economic, political, and social impact. Bitcoin is a new invention for the digital age, but the problem it is trying to solve is as old as human society itself.

The transfer of value across time and space. Ammous takes readers on a compelling journey through the history of technology that makes money work, from primitive trading systems using limestone and seashells, to metals, coins, the gold standard, and modern-day government debt. I will go. 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 socie

Country of Origin : India