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The Bitcoin Standard : The Decentralized Alternative to Central Banking by Saifedean Ammous (2018, CD MP3, Unabridged edition)

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The Bitcoin Standard Audiobook.

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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 listener 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 listener 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 the collapse of a civilization. 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.

Product Identifiers

Publisher
Brilliance Publishing, Inc.
ISBN-10
197865104x
ISBN-13
9781978651043
eBay Product ID (ePID)
17038508171

Product Key Features

Book Title
Bitcoin Standard : the Decentralized Alternative to Central Banking
Author
Saifedean Ammous
Format
CD MP3
Language
English
Topic
E-Commerce / General (See Also Computers / Electronic Commerce), Money & Monetary Policy
Publication Year
2018
Genre
Business & Economics

Dimensions

Item Length
6.8in
Item Height
0.5in
Item Width
5.2in
Item Weight
2.7 Oz

Additional Product Features

Number of Volumes
1 Vol.
Edition Description
Unabridged Edition
Copyright Date
2018
Target Audience
Trade
Dewey Decimal
332.404
Dewey Edition
23

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Picture 1 of 1

The Bitcoin Standard : The Decentralized Alternative to Central Banking by Saifedean Ammous (2018, CD MP3, Unabridged edition)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

Best Selling in Audiobooks

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