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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? Enter your mobile number or email address below and we'll send you a link to download the free Kindle App.

Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required. To get the free app, enter your mobile phone number. It is owned by the crowd, its users. And it now has a track record of several years, enough for it to be an animal in its own right.

Its mere existence is an insurance policy that will remind governments that the last object the establishment could control, namely, the currency, is no longer their monopoly. This gives us, the crowd, an insurance policy against an Orwellian future. Ammous elucidates the economic, social, cultural, and political benefits of sound money over unsound money to allow for an informed discussion of the potential role Bitcoin could play in the digital economy of the future.

Rather than as a currency for criminals or a cheap mass consumer payment network, this book argues Bitcoin is emerging as a decentralized, politically neutral, free-market alternative to national central banks, with potentially enormous implications for individual freedom and prosperity. For anyone looking for a clear understanding of this new digital money, The Bitcoin Standard is the essential resource. Don't have a Kindle?

Customer reviews 4. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzes reviews to verify trustworthiness. Customer images See all customer images Top reviews Most recent Top reviews Top reviews from the United States There was a problem filtering reviews right now.

Please try again later. Jimmy Song 5. This is the best treatment of Bitcoin and money out there. Who should read the book: People that are interested in the history of money. People that are wondering what makes Bitcoin different. People that are curious about what makes money work. This is a wonderful book written by a world-class economist.

Saifedean Ammous really knows his monetary history and has clear and logical explanations of not only how money works, but why some money works better than others.

He makes a compelling argument for why Bitcoin is superior to other forms of money tried in the past. As a bonus, he goes into why so much of "blockchain technology" is mostly hype.

I've bought 20 copies already to hand out to friends. Reviewed in the United States on August 16, Verified Purchase This book is useful in understanding the author's worldview - not Bitcoin.

Only the last few chapters actually pertain to Bitcoin. The rest of the text is a history of money that has been heavily distorted through the lens of personal bias. Historical facts are conveniently ignored in service of the author's personal agenda. For example, the author claims "Germany suffered from hyperinflation after the Treaty of Versailles had imposed large reparations on it and it sought to repay them using inflation. This is just one of many, many inaccurate statements within the text.

If you're looking for an ahistorical polemic screed against central banks and Keynesian economics, this is your book. However, you seek to understand Bitcoin and the underlying technologies, you'd be better off with another book. Read more 64 people found this helpful Helpful Report abuse Jex Dunkirk 5. Reviewed in the United States on April 7, Verified Purchase About mid-way through reading this book I realized there was a problem with the book.

If you never heard of Bitcoin. If you are a long-time holder of Bitcoin. This book is for you. The book fills a gap on three fronts. First it helps those of us who became enamored with Bitcoin through individual and economic freedom explain our viewpoint in a succinct manner. Second, it serves as a philosophical on-ramp to the multitudes of speculators who flooded into Bitcoin in the past 6 months or so. It provides them a concrete reason to transform their time-preference a key economic theme in the book from trader to HODLer.

Another overriding theme in the book is security. Without it there is no such thing as financial freedom. The first seven chapters barely mention Bitcoin. Instead there is a gradual discussion of money and economics, including the various popular schools of economics. It can potentially spread the common-sense Austrian view to multitudes of people who otherwise would never learn of it. If you know someone who bought bitcoins for speculation or to make some quick money buy this book for them and force them to read it.

Read it. Then read it again. Then pass it around to everyone you know and if they are reluctant, figure out non-violent ways to get them to read it. Just find a way. Read his bible with the highest time preference so you can learn to have a low time preference when it comes to Bitcoin itself.

Read more 68 people found this helpful Helpful Report abuse Scott L. Johnson 4. But I have mixed opinions about this book. Read more 33 people found this helpful Helpful Report abuse See all reviews Top reviews from other countries Loz 5. It reminds me of the way we were told that fat makes you fat and now we know it was actually sugar all along.

The same is true of our economic theories. Our modern levels of debt and quantitative easing are now unsustainable so either we return to the gold standard or we move on. Enter Bitcoin. The hardest money ever. Read more 24 people found this helpful Report abuse Ross 5.

I usually don't leave comments on Amazon but felt like I want more people to read this. I am now surprised that I have never before come across a condensed book of economics that resonates so much with observations I have made about the financial and economic world of today.

Truly an eye opening book, especially the first half of it. If you can even borrow it from a friend, I recommend you do. I got the audible version as well as paperback. Will sit nicely next to Mises in my library. The book was first ordered by my friend to my address as he lives abroad and was planning to pick it up in a couple of weeks.

I expected a slightly boring book with some propoganda, like Dr Julian Hosp's one, but I was pleasantly surprised to be very wrong. I ordered my own copy immediately. Read more 5. Images in this review 18 people found this helpful Report abuse Alex 5.

Most of the book is devoted to a fairly detailed account of the history of money, as seen from Ammous's distinctively Austrian School point of view. Whether or not one agrees with this point of view, the historical account is vigorously and entertainingly argued; Ammous is not afraid to call out what he sees as the economic crimes of past and present, particularly with regards to fiat currency, socialist governments, and Keynesian central banking.

Ammous argues that the gold standard was a far superior system to the fiat currency system we have today, and that the 'Bitcoin standard' will be its digital reincarnation. While this veneration of the gold standard may seem surprising or implausible to modern readers, Ammous argues his case well, citing the remarkable, indeed almost uninterrupted, economic boom that much of the West enjoyed during the years of the gold standard.

This long period of prosperity under the gold standard is contrasted with the depressingly familiar 'boom and bust' cycle that has characterised the global economy since the abandonment of the gold standard in favour of the present system of 'fiat' currencies.

Having established his theoretical and historical case for why we need 'sound money', such as gold, Ammous spends the remainder of the book arguing why Bitcoin, and Bitcoin alone, is suited to perform the function of digital sound money. He argues that none of the alternative cryptocurrencies altcoins can fulfil this function, and that therefore Bitcoin itself should be the focus of any efforts to create a superior alternative to the current currency system.

Finally he presents an idea for how Bitcoin could scale to the point of true worldwide use for the whole human population, namely a network of banks issuing currency backed by Bitcoin, thus the 'Bitcoin Standard' that gives the book its name. My main quibble with the book is that Ammous only gives us a cursory explanation of how his long-term vision for Bitcoin as an international settlement currency would work.

He states that Bitcoin's current transaction capacity of approximately , transactions per day would allow each bank in a network of central banks to perform one final settlement transaction with every other bank in the network per day, and that if each of these banks served 10 million customers this would allow Bitcoin or at least a central bank derived version of it to be used by the world's entire population.

Even putting aside the many significant problems that this approach would introduce, such as a return to semi trusted third parties and the possibility of these central banks running fractional reserve systems, Ammous never gives us any explanation of how this system would actually work, even in broad terms. For that reason I would rate this book 4. With that aside, I would nonetheless very much recommend this book for anyone interested in the economic, monetary, and historical case for Bitcoin as 'digital gold'.

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Download a manual. You can find the documentation of your item. Most of the documentation are available in several languages. In , mpman invented the first portable mp3 player! From this time we are a major European company in the consumer electronic business and we propose multimedia products all. Všechny informace o produktu MP3 přehrávač MPman BTC 8GB, porovnání cen z internetových obchodů, hodnocení a recenze MPman BTC 8GB. Tags:Bitcoin next level of support, Bitcoin wallet private and public key, How can i buy bitcoin online in india, Btc wallet, Top bitcoin mining sites 2019

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