In The Bitcoin Standard, economist Saifedean Ammous walks readers through the fascinating history of the technologies of money and explores what gave these technologies their monetary role, how they lost it, what that teaches us about the desirable features of money, and how Bitcoin is designed to improve on these technologies. 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.
I say this as someone that has been in Bitcoin for a long time and has written a lot on the subject for the past few years. This is the best treatment of Bitcoin and money out there. (...) I've bought 20 copies already to hand out to friends.
Bitcoin is a tough topic to cover - to do it well requires being able to succinctly touch on a wide range of areas that don't naturally feed into each other outside of this space: computer science, cryptography, security, distributed systems, economics, monetary policy, etc. - learning about Bitcoin is no quick task. But Saifedean Ammous manages to weave all these ideas together in an easily digestible format, to help the reader not only understand more about Bitcoin as digital money, but why Bitcoin is *BETTER* money than anything else the world has ever seen.