Summary of The Bitcoin Standard

The Bitcoin Standard: The Decentralized Alternative to Central Banking is a book written by economist Saifedean Ammous that focuses on the history of money and shows how the rise of Bitcoin is causing a seismic shift in economics and finance. In the book, Ammous argues that Bitcoin has disrupted the entire monetary system, replacing central banking with a more predictable, reliable, and durable form of money, one based on mathematical principles and cryptographic algorithms instead of government policies. He further shows how Bitcoin is nothing less than a completely new form of money, one that is not only capable of taking humanity's economic activity to new heights, but also of providing the people of the world with a much more sound and secure form of money. With references to Satoshi Nakamoto's white paper, interviews with key figures in the Bitcoin world, and original economic arguments, The Bitcoin Standard is a must-read for anyone interested in understanding the revolutionary implications of a decentralized form of money.