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The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous (Hardcover, 2018)

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"The Bitcoin Standard: The Decentralized Alternative to Central Banking" is a hardcover textbook published by John Wiley & Sons Inc in 2018. Written by Saifedean Ammous, this book delves into the subject area of banks and presents Bitcoin as a decentralized alternative to traditional central banking systems. With 304 pages and written in English, this informative text measures 237mm in height, 179mm in width, and weighs 570g, making it a valuable addition to any adult learner or university student's library.

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When a pseudonymous programmer introduced a new electronic cash system that's fully peer-to-peer, with no trusted third party to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. 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 real competitive edge might just be as a store of value and network for final settlement of large payments-a digital form of gold with a built-in settlement infrastructure. Ammous' firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders. The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knock-offs, and the many supposed applications of Bitcoin's 'blockchain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet's decentralized, apolitical, free-market alternative to national central banks.

Product Identifiers

Publisher
John Wiley & Sons Inc
ISBN-13
9781119473862
eBay Product ID (ePID)
5046476694

Product Key Features

Number of Pages
304 Pages
Language
English
Publication Name
The Bitcoin Standard: the Decentralized Alternative to Central Banking
Publication Year
2018
Subject
Business
Type
Textbook
Author
Saifedean Ammous
Format
Hardcover

Dimensions

Item Height
237 mm
Item Weight
570 g
Item Width
179 mm

Additional Product Features

Country/Region of Manufacture
United States
Title_Author
Saifedean Ammous

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Picture 1 of 4

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous (Hardcover, 2018)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 The Bitcoin Standard The Decentralized Alternative to Central Banking

item 2 The Bitcoin Standard Paperback

item 3 The Bitcoin Standard The Decentralized Alternative Paperback

item 4 The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifed

item 5 The Bitcoin Standard By Saifedean Ammous BRAND NEW Free Delivery AU

item 6 The Bitcoin Standard By Saifedean Ammous (Hardback)

item 7 The Bitcoin Standard - The Decentralized Alternative to Central Banking

item 8 The Bitcoin Standard: The Decentral..., Ammous, Saifede

item 9 Saifedean Ammous The Bitcoin Standard (Hardback)

item 10 The Bitcoin Standard - The Decentralized Alternative to Central Banking

item 11 The Bitcoin Standard Decentralized Alternative Central Ba by Ammous Saifedean

item 12 The Bitcoin Standard by Saifedean Ammous ISBN - 978-1119473862

item 13 The Bitcoin Standard: The Decentralized Alternative to Central Banking Hard

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