the bitcoin standard review

However, you seek to understand Bitcoin and the underlying technologies, you'd be better off with another book. Reviewed in the United States on June 10, 2018. It just wasn’t needed. One thing that hasn’t changed regardless of the form of money used is the human propensity to exchange value for goods and services. Because of its complexity and virtuality, I was certainly curious to learn more about Bitcoin and how it relates to the rest of our economic world. I got into bitcoin in 2017 after some people I follow on Twitter were shilling it a lot. Much of the book is concerned with economics in general and excellently argued critiques of the current world monetary system, laying the foundations for why bitcoin is so useful and necessary. The second must-read publication is the book, The Bitcoin Standard, which despite its title is more than just a book about bitcoin. Though it would be a bit hubristic to title your own book “The Bitcoin Bible” it won’t stop me from doing so on Ammous’ behalf. The title doesn’t quite do it justice. This page works best with JavaScript. With those caveats in mind, read this book and you will know more than 99% of people about money and Bitcoin. But I have mixed opinions about this book. Read the full review to find out more. It is in fact a book about monetary theory and history and how bitcoin fits into it all. Top subscription boxes – right to your door, © 1996-2020,, Inc. or its affiliates. Written by economist and professor, Saifedean Ammuos, The Bitcoin Standard takes you on a journey starting from the introduction of money through its stages of evolution to present day. Reviewed in the United States on May 6, 2018. The Bitcoin Standard was a little disappointing. Required fields are marked *. About 60% of the book doesn’t even talk about Bitcoin (BTC). Reviewed in the United States on August 16, 2019. short-terminism). Reviewed in the United States on April 7, 2018. And when you do get there, it doesn’t dwell on the technical aspects. If you're looking for an ahistorical polemic screed against central banks and Keynesian economics, this is your book. It was written before the COVID-19 outbreak but I suspect the arguments are all the more relevant now national governments will aim to inflate their way out of trouble. If you told someone in the 16th century that their gold and silver coins would be replaced by paper in the future they may have laughed at you for being so ridiculous since paper has no intrinsic value. Earn interest on your crypto while you sleep, Bitcoin in the UK with Danny Scott from CoinCorner, The Bitcoin Standard by Saifedean Ammous book review, Bitcoin UK. He could have easily cut 50 pages from this book with some moderate editing (especially in the middle of the book). It’s an absolutely absurd section and something that should have never made the final cut. While the author makes a lot of great points, and I learned a lot about the economics of money, bitcoin, altcoins, and “blockchain technology”, the book is also rather flawed. Unfortunately, there are some notable bad points. You can absorb a surprising amount just from tweets and memes. It is possible and time will tell. You can find details of where you can purchase these translations here. The author also commits a serious error in his understanding of the future of bitcoin as a reserve currency (search “bitcoin reserve currency fallacy” for a refutation of this). The Bitcoin Standard is available in a number of formats (in English) on Amazon. It also analyzes reviews to verify trustworthiness. I’ve read a bunch of articles and took a couple online courses. His interest in Bitcoin (BTC) stemmed from his interest in Austrian economics, which he discovered while pursuing his PhD in Sustainable Development (which was in mainstream economics). This is patently impossible, since the Treaty of Versailles required reparations to be paid in gold. The Bitcoin Standard by Saifedean Ammous book review The Bitcoin Standard is the de-facto book to understand the big picture potential of bitcoin. The concept of money has changed throughout human history – most notably from gold and silver to the paper money we use today. This book is useful in understanding the author's worldview - not Bitcoin. Reviewed in the United States on June 16, 2018. I learned quite a bit from crypto twitter and watching Youtube’s. Maybe a couple paragraphs per chapter. This book could have been written in 2 chapters. Get my articles and podcasts in your inbox. I really enjoyed the first part of the book, where it explores the history and mechanics of money. Wish I Would Have Read This Before Other Resources on Bitcoin, Reviewed in the United States on October 8, 2018. Saifedean Ammous is a Professor of Economics at the Lebanese American University and member of the Centre on Capitalism and Society at Columbia University. The Bitcoin Standard book. Despite my disappointment, I did enjoy (and benefit from) reading The Bitcoin Standard. The ultimate guide to cryptocurrency, Jack Dorsey says bitcoin will be the native currency of the internet, An interview on digital minimalism, data privacy and cryptocurrency, Bitcoin: A Swiss bank for everyone’s pocket, Existing bitcoiners looking to have a greater understanding of how bitcoin fits into the wider monetary narrative, People who are considering investing in bitcoin but require a greater understanding before they put their money where their mouth is, Anti-bitcoiners looking for better arguments against bitcoin because they’re usually based on a more superficial premise. At the time, it received some high praise from Bitcoin (BTC) maximalists on Twitter. With some moderate editing and empathy for the reader, he could have halved the length of this book. Historical facts are conveniently ignored in service of the author's personal agenda. The German papiermark, Argentinian peso, Zimbabwe dollar and most recently the Venezuelan bolivar have all failed due to hyperinflation. About 60% of the book is dedicated to exploring: Only the last three chapters talk about Bitcoin (BTC). I was surprised that the first seven chapters (167 pages) don’t even talk about Bitcoin (BTC). About 60% of the book doesn’t even talk about Bitcoin (BTC). To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. This has no bearing on the information he is trying to guve us and I could careless anyway. If you’re looking to understand bitcoin on more than a surface level bitcoiners will you there are two publications that are must-reads.

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