Ammous, Saifedean
The Bitcoin Standard
- ISBN 13:
- 9781119473862
- author:
- Ammous, Saifedean
- format:
- HardBack
- publisher:
- Wiley
- language:
- English
- Publication Year:
- 2018
- Pages:
- 304
- Dimensions:
- 23.37 x 15.49 x 2.79 centimetres
- Genre:
- Business, Money Investment, Monetary Policy,
- Condition:
- New
- Availability:
- Item usually sent within 10 working days
Description
The Bitcoin Standard: A New Electronic Cash System In 2008, a pseudonymous programmer introduced a new electronic cash system to a small online mailing list, sparking little attention. Yet, ten years later, this autonomous decentralized software has become a hard money alternative to modern central banks. The Bitcoin Standard explores the historical context of Bitcoin's rise, its economic properties, and its likely implications on the economy, politics, and society. The book delves into the history of technologies that have performed the function of money, from primitive systems of trading limestones and seashells to modern government debt. By examining what made these technologies successful and how most lost their monetary role, the reader gains insight into what constitutes sound money. This understanding sets the stage for an economic discussion of Bitcoin's consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Author Saifedean Ammous explains the operation of Bitcoin in a functional and intuitive way, providing a comprehensive analysis of this decentralized alternative to central banking.
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