DOWNLOAD The Bitcoin Standard Free Epub EBOOK
Few people paid attention in 2008 when a pseudonymous programmer announced “a new electronic cash system that is completely peer-to-peer, with no trusted third party” to a small online mailing list.
Against all odds, this upstart autonomous decentralized program already provides an unstoppable and globally open hard money alternative to modern central banks ten years later.
The Bitcoin Standard examines the historical background of Bitcoin’s rise, the economic assets that have aided its rapid growth, and the possible economic, political, and social implications.
Although Bitcoin is a digital-age innovation, the problem it aims to solve is as old as human society: transmitting money through time and space.
From primitive systems of trading limestones and seashells to metals, coins, the gold standard, and current government debt, Ammous takes the reader on an entertaining journey through the history of technologies that perform the functions of currency.
Exploring what gave these innovations their monetary position, and how they lost it, gives the reader a clear understanding of what constitutes sound money, and sets the stage for an economic discussion of its implications for individual and societal future-oriented behavior, capital accumulation, and exchange.
With this foundation in place, the book goes on to a practical and intuitive explanation of Bitcoin’s activity.
Bitcoin is a decentralized, distributed piece of software that transforms energy and computing power into undeniably accurate documents.
Enabling users to use the Internet to conduct conventional money functions without having to depend on or trust any physical authority or infrastructure.
As a result, Bitcoin is best regarded as the first successful implementation of digital cash and digital hard currency.
With an automatic and completely predictable monetary policy, as well as the ability to settle vast amounts of money around the globe,
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