THE ESSENTIAL GUIDE TO BITCOIN'S HISTORY PROPERTIES USES AND FUTUREIn 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. The Bitcoin Standard should be required reading for everyone in modern society. It
offers a concise and coherent narrative of monetary theory the history of money practical
economics and the impact of political policy on business culture and the economy. The book
contains perhaps one of the best articulations of the virtues of strong money and the dangers
of weak currency yet presented in modern literature. The Bitcoing Standard also masterfully
debunks the myths of modern monetary theory and the broken ideas that have dominated the fiat
economic school of thought since the early 20th century.--From the Foreword by Michael Saylor
CEO of MicrostrategyI have spent my entire career studying works about monetary theory the
gold standard comparative monetary systems central banks and proposals for monetary and
financial reform. I would rate a tiny fraction of the books I have read about any of these
topics as excellent. Dr. Ammous' book The Bitcoin Standard contains an excellent treatment of
these topics in addtion to one of the few enlightened and enlightening accounts of bitcoin that
I have come across. It is essential reading for anyone interested in learning the role bitcoin
could play in a future regime of free and sound money.--Dr. Joseph T. Salerno Academic Vice
President of the Mises Institute & Editor of the Quarterly Journal of Austrian Economics
