The decentralised alternative to the central banking system
In The Bitcoin Standard, economist Saifedean Ammous guides the reader through the fascinating history of different forms of money. He explores what gave these various technologies their monetary status and how they lost it, what this teaches us about the desirable properties of money, and how Bitcoin attempts to fulfil them.
Ammous explains the economic, social, cultural and political advantages of sound money and contrasts them with our current monetary system. This produces an expert debate on the significant role Bitcoin could play in the future of the global economy. Rather than casting it as a currency for criminals or a cheap payment network for the masses, this book describes Bitcoin as an emerging decentralised, politically neutral, free-market alternative to national central banks — one that may have profound implications for the freedom and prosperity of every individual.
For anyone who wants a clear understanding of this new digital money, The Bitcoin Standard is an indispensable foundation.