THE ESSENTIAL GUIDE TO BITCOIN'S HISTORY PROPERTIES USES AND FUTURE 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. " 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 Microstrategy "I 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
