SKU: 56583983592

The Bitcoin Standard: The Decentralized Alternative to Central Banking

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The Bitcoin Standard: The Decentralized Alternative to Central BankingA comprehensive and authoritative exploration of Bitcoin and its place in monetary history 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 people 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

A comprehensive and authoritative exploration of Bitcoin and its place in monetary history

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 people 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 an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean 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 the 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 knockoffs, and the many supposed applications of Bitcoin's 'block chain 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.

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SKU: 56583983592

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em
Lexington, US
★★★★★ 5
So cute!
My dog and I love it!! I didn’t pay any attention to the sizing, I just thought it was adorable and bought it right away. Luckily it’s a great size for my lab. He was so excited, I couldn’t even get a photo of him with it lol. It’s genuinely the cutest toy I’ve ever seen, really good quality. 11/10!! ☺️
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Reviewed in the United States on May 2, 2023
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Tyler
Draper, US
★★★★★ 4
Toy
This was cute. However- it only lasted for about an hour before my dog ripped it. It’s not durable and it’s easy to chew. It was about the size of a small teddy bear. If your dog doesn’t chew things, this is a great toy. It was good quality and cute- just not strong enough for chewers!
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Reviewed in the United States on June 17, 2025
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Elyse L
Los Angeles, US
★★★★★ 5
My dog loves it
My dog has not stopped playing with it since he got it.
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Reviewed in the United States on January 20, 2025
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Desiree Sadie
Louisville, US
★★★★★ 3
Squeakers were flat
The toys arrived on time, but the squeakers were flattened by the airtight packaging. They still somewhat work, but not as well as a regular squeaker.
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Reviewed in the United States on December 15, 2024
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Michael W.
Charlottesville, US
★★★★★ 5
Great deaL
Dog loves the toy..
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Reviewed in the United States on January 22, 2025

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