„The Bitcoin Standard“ by Saifedean Ammous

„The Bitcoin Standard“ by Saifedean Ammous

By dzentrum | Dzentrum_ Book Review | 20 Jan 2020


This book makes a strong case for hard money. Saifedean Ammous takes You on a journey into the history of money that takes You all the way up until today. You will understand how we went from Barter to using precious metals until today where we are using a pure fiat currency that is backed only by debt.

Reading this book I understood for the first time the concept of stock to flow. Good money needs to have a high stock to flow ratio. In other words, the stockpile must be high, and the rate at which the stockpile grows over time must be small. Such a money is a good store of value.

Saifedean Ammous goes into much detail how Bitcoin already is the hardest money available and already possesses all the necessary properties to serve as sovereign money.

I learned a great deal about the history of money, and how sound money always has been tied to prosperous times and freedom.

The centralization of money in the last century has warped all markets. The invention of Bitcoin heralds a new age, one of sovereign money that is owned solely by the holder of the private keys.

The book gives You  the necessary backdrop to understand not only how Bitcoin works but also how the current monetary system is set up and why there is need for a replacement. After You have read it You are prepared at the next dinner party to talk Bitcoin on a high level.

This book is a must read. My own copy looks a little rough, lots of markings in it. I tend to love stuff to bits once my love engine gets going.

 

buy this book now: https://amzn.to/30Ezwcn

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dzentrum
dzentrum

I am a human being, artist, musician, and a flaneur with a slightly tilted view of reality


Dzentrum_ Book Review
Dzentrum_ Book Review

In this Blog I review the books I currently read. I am most interested in the innovations going on in the blockchain space. This Blog is for bookworms who want to become incredibly smart and beautiful as well. Watch out, life changing stuff waiting for You.

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