The Bitcoin Standard

The Decentralized Alternative to Central Banking

Hardcover, 286 pages

English language

Published Jan. 26, 2018 by Wiley.

ISBN:
978-1-119-47386-2
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OCLC Number:
1030283001

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"Bitcoin is the digital age's novel, decentralized, and automated solution to the problem of money: accessible worldwide, controlled by nobody. Can this young upstart money challenge the global monetary order? Economist Saifedean Ammous traces the history of the technologies of money to seashells, limestones, cattle, salt, beads, metals, and government debt, explaining what gave these technologies their monetary role, what makes for sound money, and the benefits of a sound monetary regime to economic growth, innovation, culture, trade, individual freedom, and international peace"--

1 edition

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The Bitcoin Standard is written by an academically dishonest and disingenuous individual who wilfully locks himself in an echo chamber. Even Nassim Nicholas Taleb who wrote the foreword of this book has blocked him on Twitter.

The book is chock-full of logical fallacies, grammatical errors; e.g., writing “seniorage” instead of seigniorage, an economic term misspelled by an “economist”. Secondly, he carefully chooses historical examples to fit his narrative, omitting counter-examples, and he plainly gets history wrong as well, such as mistakenly thinking that plumbing was invented in the nineteenth century instead of ≈6500BC. Thirdly, his excessive use of ad hominems is staggering, placing him among my top pick of modern demagogues.

He's okay with his book being pirated, so don't give him any money, here you go: b-ok . cc/book/3498561/965aa8.

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Subjects

  • Electronic commerce
  • Government policy
  • Bitcoin