The Decentralized Alternative to Central Banking
In The Bitcoin Standard, economist Saifedean Ammous takes the reader through the fascinating history of various forms of money. He explores what gave these different technologies their monetary status and how they lost it, what this teaches us about the desirable properties of money, and how Bitcoin seeks to fulfill them. Ammous explains the economic, social, cultural, and political benefits of sound money and contrasts them with our current monetary system. In the process, an expert debate emerges about the meaningful role Bitcoin could play in the future of the global economy. Rather than ascribing to it the role of a currency for criminals or a low-cost payment network for the masses, this book describes Bitcoin as an emerging decentralized, politically neutral, and free market alternative to national central banks. An alternative that carries potentially huge implications for everyone's freedom and prosperity. For anyone who wants a clear picture of this new digital money, The Bitcoin Standard is an indispensable primer.
About the Author:
Saifedean Ammous was a professor of economics at Lebanese American University and is a member of the Center on Capitalism and Society at Columbia University. He holds a PhD in Sustainable Development from Columbia University. His book "The Bitcoin Standard" quickly became an absolute classic in the fields of monetary theory, economics and Bitcoin. He now teaches highly acclaimed online courses and seminars on Bitcoin and Austrian Economics.