The Bitcoin Standard
The Bitcoin Standard explores the revolutionary impact of Bitcoin as a decentralized, peer-to-peer digital currency. First introduced in 2008, Bitcoin offers a hard-money alternative to central banks, operating without trusted intermediaries. Saifedean Ammous examines Bitcoin’s rise, the historical evolution of money, and the economic properties that make it uniquely suited as a global store of value.
The book takes readers on a journey through monetary history, from trading seashells and gold to modern fiat systems, revealing the qualities of sound money and its role in advancing civilization. Ammous explains how Bitcoin functions as digital hard money, converting electricity and processing power into an immutable ledger. With its automated, transparent monetary policy and ability to settle transactions globally in minutes, Bitcoin is likened to digital gold with an integrated payment network.
Addressing questions about energy use, regulation, and Bitcoin’s resilience, Ammous provides a balanced perspective on its challenges and opportunities. He explores the broader implications of Bitcoin's emergence, including its potential to separate money from politics and empower individuals. The Bitcoin Standard is a must-read for understanding Bitcoin’s role in reshaping the global financial system and its promise as a decentralized, apolitical alternative to national currencies.
The Bitcoin Standard explores the revolutionary impact of Bitcoin as a decentralized, peer-to-peer digital currency. First introduced in 2008, Bitcoin offers a hard-money alternative to central banks, operating without trusted intermediaries. Saifedean Ammous examines Bitcoin’s rise, the historical evolution of money, and the economic properties that make it uniquely suited as a global store of value.
The book takes readers on a journey through monetary history, from trading seashells and gold to modern fiat systems, revealing the qualities of sound money and its role in advancing civilization. Ammous explains how Bitcoin functions as digital hard money, converting electricity and processing power into an immutable ledger. With its automated, transparent monetary policy and ability to settle transactions globally in minutes, Bitcoin is likened to digital gold with an integrated payment network.
Addressing questions about energy use, regulation, and Bitcoin’s resilience, Ammous provides a balanced perspective on its challenges and opportunities. He explores the broader implications of Bitcoin's emergence, including its potential to separate money from politics and empower individuals. The Bitcoin Standard is a must-read for understanding Bitcoin’s role in reshaping the global financial system and its promise as a decentralized, apolitical alternative to national currencies.
The Bitcoin Standard explores the revolutionary impact of Bitcoin as a decentralized, peer-to-peer digital currency. First introduced in 2008, Bitcoin offers a hard-money alternative to central banks, operating without trusted intermediaries. Saifedean Ammous examines Bitcoin’s rise, the historical evolution of money, and the economic properties that make it uniquely suited as a global store of value.
The book takes readers on a journey through monetary history, from trading seashells and gold to modern fiat systems, revealing the qualities of sound money and its role in advancing civilization. Ammous explains how Bitcoin functions as digital hard money, converting electricity and processing power into an immutable ledger. With its automated, transparent monetary policy and ability to settle transactions globally in minutes, Bitcoin is likened to digital gold with an integrated payment network.
Addressing questions about energy use, regulation, and Bitcoin’s resilience, Ammous provides a balanced perspective on its challenges and opportunities. He explores the broader implications of Bitcoin's emergence, including its potential to separate money from politics and empower individuals. The Bitcoin Standard is a must-read for understanding Bitcoin’s role in reshaping the global financial system and its promise as a decentralized, apolitical alternative to national currencies.
