It even goes so far as to suggest that art produced during periods of the gold standard were superior to that produced during easy money periods. Amazon Payment Products. Amazon Music Stream millions of songs. Get Audible Free. The other resources were more focused on the practical operation of cryptocurrency and the blockchain. It will also be available for purchase in print from Jamalon. Necessary cookies are absolutely essential for the website to function properly.
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Cancel anytime. Bitcoin, a technological breakthrough quietly introduced to the world in , is transforming much more than finance. Bitcoin is disrupting antiquated industries to bring financial independence to billions worldwide. In this book, Andreas explains why bitcoin is a financial and technological evolution with potential far exceeding the label «digital currency. Two of the story’s iconic characters are Harvard students Tyler and Cameron Winklevoss: identical twins, Olympic rowers, and foils to Mark Zuckerberg. A New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age. With the rise of bitcoin and blockchain technology, investors can capitalize on the greatest investment opportunity since the Internet.
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Details if other :. Thanks for telling us about the problem. Return to Book Page. Bitcoin is the newest technology for money—find out how it fits in the future. Bitcoin is the digital age’s novel, decentralized, and automated solution to the problem of audioboik accessible worldwide, controlled by. Can this young upstart money challenge the global monetary order? Economist Saifedean Ammous traces the history of the technologies of money to seashells, Bitcoin is the newest technology for money—find out how it fits in the future.
Economist Saifedean Ammous traces the history of the technologies of money to seashells, limestones, cattle, salt, beads, metals, and government debt, explaining what gave these technologies their monetary role, what makes for sound money, and the benefits of a sound monetary regime to economic growth, innovation, culture, trade, individual freedom, and international peace. The monetary and historical analysis sets the stage for understanding the mechanics of the operation of Bitcoin, the reasons for its initial success, and the role it could play standarr an information economy.
Rather than serving as a stndard and network for consumer purchases, the author argues Bitcoin is better suited as a store of value and network for settlement between large financial institutions. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s true importance may just lie in providing a decentralized, neutral, free-market alternative to national stanxard banks.
Get A Copy. Hardcoverpages. More Details Other Editions Friend Reviews. To see what your friends thought of this book, please sign up. To ask other readers questions about The Bitcoin Standardplease sign up. Lists with This Book. Community Reviews. Showing Average rating 4. Rating details. More filters. Sort order. May 30, Matt Weller rated it liked it.
In brief, the author asserts that our current, fiat monetary system is responsible for an increase in wars and violent crime, the decline in the quality of art and music, and the lack of major technological inventions. Quite frankly, I didn’t find the author’s arguments that these «trends» are actually occurring convincing, so blaming them on a monetary system seems to be putting the cart before the horse. He also claims John Maynard Keynes was a gay pedophile and «a failed investor. These types of easily-falsifiable claims undermine any reasonable points the author attempts to make.
It’s also worth noting that there was no meaningful mention of bitcoin throughout this part of the book. Overall rating: 2. View all 7 comments. Apr 16, Martin Brochhaus rated it it was amazing Shelves: everyone-should-read-thisbusiness-technology.
This book has a few flaws but I’m pretty sure, it is the most complete and easiest to understand and most factually correct book on bitcoin available right. If you want to learn about bitcoin, and more importantly about money in general, this is a great and quick read by a clearly intelligent author. Chapter 1 defines what is money in theory. Chapter 2 shows examples of primitive monies sfandard the past. Chapter 3 raves about Gold as the best form of money man has known so far.
Chapters get This book has a few flaws but I’m pretty sure, it is the most complete and easiest to understand and most factually correct book on bitcoin available right. Chapters get a bit blurry and repetitive and preach about how governments have fucked up Gold as a sound money and basically enslaved us all. Up until this point there is no mention of bitcoin, so standrd is a good read for pretty much. I learned a lot here and I wished this stuff would have been taught in school. The author is a clear subscriber of the Austrian school of economics and spends bitclin words in debunking and attacking the works of Keynes, even pointing out on several occasions that Keynes was a filthy little child-sex-tourist who never in his life studied economics and inherited all his wealth from his parents who profited from an era of wealth accumulation powered by sound money, the irony!
I have personally no idea if the world would be a better or worse place today if we had continued with a free market and following the Wtandard school of economics. Saifedean’s views of the golden past are probably simplistic and the problems of today’s globally connected and overpopulated world are probably far more complex than the author or anyone on the planet fred possibly understand — BUT I can see with my own eyes that my generation’s buying power is absolutely ridiculous compared to my parent’s generation, despite us working significantly longer hours in supposedly much higher classed and higher paid jobs.
There is an entire chapter about how sound money enabled better art and today’s artists are somehow all unskilled hacks, which was aidiobook in a quite emotional and entertaining way but is probably utter bullshit.
Claiming that no art today can stand the test of time like the Mozart’s, Bach’s and Michelangelo’s of days gone by is probably a gross generalisation and not true. First of all, Mozart, Bach and Michelangelo were but three lucky bastards that we remember today. Who is to say that in their times there was an overwhelming number of «hacks» just as there is today which the world simply has forgotten about now? Furthermore, who is to say that years from now, we will look back at an equally small number of genius artists that lived today and stood the test of time spoiler alert: it will happen.
I’m always very cautious of the «back bltcoin everything was better» argument. I think we still have the same amount of artists today, they are just more difficult to find because every idiot is able to create, so there is much more noise. In general, I would say, that Chapters were not focused enough and too preachy and could have answered their headline’s premises in the bitcoin standard audiobook free the amount of pages.
It’s a pretty good propaganda for the Austrian school of economics, and since I have no problems with that school of thought, I didn’t mind slogging through the repetitive parts. In chapters we finally get to learn about bitcoin, and with the foundation that was laid out in the earlier chapters it becomes clear that bitcoin truly is an invention of the century, something so profound and groundbreaking, no one alive today will likely witness anything like it. As a software engineer who has spent the last five years reading everything there is about bitcoin, I can say that everything the author says about bitcoin is correct.
By the way, this is audiobooj work of a true bitcoin maximalist, so if you are just interested in bitcoih or in «crypto», this book will leave a sour taste — but rightfully so.
I too think that all altcoins in existence are scams and speculative assets for traders read: gamblers and they will eventually disappear as bitcoin continues to cement it’s role as the one and only blockchain that actually solves a real world problem. If you want to learn about the history of money, monetary policy, schools of economics and of course how it all connects with bitcoin, this book is the best work there is today. Please go and read it and join the revolution ; Jul 16, Asystole rated it liked it.
Recommended, but with caveats. For full disclosure, I am a cryptocurrency particularly bitcoin enthusiast and was in this camp long before I read «The Bitcoin Standard». I would agree with some other reviewers that the first third of this book, covering the nature and history of various media used as money, is very fhe and interesting.
Likewise, the latter third, going specifically into why the author feels that bitcoin is potentially suitable to be a new monetary standard even better than Recommended, but with caveats. Likewise, the latter third, going specifically into why the author feels that bitcoin is potentially suitable to be a new monetary standard even better than gold is very well stated and convincing. The middle third is deeply problematic however; and I say this as someone who considers himself not sufficiently knowledgeable about economics to be of either the Austrian or Keynesian persuasion.
Instead, this section seems to aidiobook too hard to connect some seemingly very disparate issues in society and blame them all on unsound monetary policies. The assertion, for example, that all important inventions and technological innovations took place before the gold standard was abandoned in the early 20th century seems to this reader to be a rather preposterous one — what of the personal computing revolution and the Internet?
Without these, bitcoin would not even be able to exist. The author’s argument that the telegraph was the fundamental innovation and the following telecommunications revolution was just building on its success seems a stretch, to say the. The author also has a propensity to present his arguments as if they are ultimate, irrefutable truth rather than a matter of opinion, and therefore require no supporting evidence.
The snarky and downright insulting tone toward those of differing convictions was unnecessary and only served to put me off, rather than having the presumably intended effect of being persuasive. Overall, this book is a worthwhile read if you are interested in the history of money and bitcoin, and certainly has many interesting insights, but you should be prepared to skim your way through the middle section.
May 22, Warren Mcpherson rated it liked it Shelves: bookchain. Libertarian or «Austrian economics» explanation of money. Discussing the history and social impact then anticipating the role of bitcoin. The book has a great explanation of the monetary property of gold. The stock to flow ratio was clearly described and illustrated a few times making a valuable concept very clear. In other sections, the arguments were highly ideological. The argument about Keynes would more convincing if it was more disciplined particularly in describing specific positions.
The Libertarian or «Austrian economics» explanation of money. The argument that the gold standard could be characterized by price stability is made by comparing prices at the endpoints of gold standard periods. This doesn’t mean there were stable prices during the periods and closer examination would, in fact, show. The author thinks modern art is bad. I understand standrad that «today’s music ain’t got the same soul» but it hardly makes a solid monetary argument.
He thinks environmentalists are wrong cree on the basis of a peak resource theory of a single person. Stanvard discussion about war had some very interesting points. I found myself wishing the author had done a better job of distinguishing between great points he had and others that the bitcoin standard audiobook free not helping his cause.
Specifically, I would have liked to see an attempt to address a broader audience.
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First it helps those of us who became enamored with Bitcoin through individual and economic freedom explain our viewpoint in a succinct manner. People that are wondering what makes Bitcoin different. The bitcoin standard audiobook free historical facts the author explains why bitcoin will change the world. Details on all languages are. Do not be afraid this is the civil rights movement of money. Saifedean Ammous really knows his monetary history and has clear and logical explanations of not only how money works, but why some money works better than. But I have mixed opinions about this book. Lost your password? AmazonGlobal Ship Orders Internationally. Get Audible Free. People that are curious about what makes money work.
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