Tag: saifedean ammous

Oct 16 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 7, P. 2: Inflation)

Let’s focus. If we do, we can finish our analysis of Saifedean Ammous’ “The Bitcoin Standard” this century. The rest of this chapter is all about inflation, the buzzword of the last few months. As the whole world is feeling the effects of something that’s day-to-day life for small economies, people in privileged countries are curious about why their purchasing power decreases every...

Sep 21 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 7, P. 1: Economic Thought)

Welcome back, fellow student. Let’s dive back into Saifedean Ammous’ “The Bitcoin Standard” to discover the secrets of economic theory. In today’s lesson, we’ll study the “two main government-approved mainstream schools of economic thought: Keynesians and Monetarists.” Then, we’ll contrast them with the Austrian theory of money. Get the facts of...

Aug 20 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 6, Part 2: Unsound Money)

What does living under an unsound money regime looks like? Just look around. You open the book to learn about Bitcoin, and you end up understanding how the whole world works. Such is the magic of “The Bitcoin Standard” by Saifedean Ammous. In our last Book Club meeting, we learned about...

Jul 31 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 6, Part 1: Price)

Let’s do this! It’s time for another dose of Saifedean Ammous’ “The Bitcoin Standard.” Today we’re going to learn about the magical properties of “price.” A tool so ever-present that it’s easy to take it for granted. Yet, as we’re going to learn, society couldn’t organize without prices. This fact is both obvious and easy to miss. So, prepare to learn something that’s...

Jul 27 2021

Selected Quotes And Seven Lessons From The “Hard Money” Mini-Documentary

Bitcoin-only director Richard James’ documentary on the recent history of inflation, “Hard Money,” uses stock images and anonymous narrators to weave the film. One of them qualifies the tweaking of the money supply as “...

Jul 05 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 5, Part 2: Capital Accumulation)

Here we go, Bitcoin lovers! It's capital accumulation time. Saifedean Ammous’ “The Bitcoin Standard” is flying by. However, we must forget about doing a chapter a week. This book is just too chunky, every page is filled with meaty information that refuses to be ignored. There are too many gems for just one of these posts to contain them, and we can’t be...

Jun 23 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 5, Part 1: Time Preference)

The time has come, book lovers. The time to discuss “time preference,” a key concept that will help you make sense of the world around us. If you already own BTC, you know how it changes your priorities and makes you a more measured individual, focused on the future. The whole “...

Jun 17 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 4, Part 3: Money and Hyperinflation)

Let’s finish the 4th chapter once and for all, book lovers. As promised, we’re going to take government money to court and analyze its track record. How do you think it did? We’ll also analyze the hyperinflation phenomenon, which as it turns out, “is a form of economic disaster unique to government money.” How does it work? You’ll know by the...

Jun 16 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 4, Part 2: Government Money)

Welcome back, book lovers! Before we dive into government money, what have we learned so far? Well, that history is extremely hard to summarize, for one. Secondly, historically, governments haven’t been able to resist the temptation to debase the currency. Third, devaluation leads to breakdowns in society and the fall of empires, but the process is a very slow death. It can take...

Jun 15 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 4, Part 1: Gold Standard)

We’re back! Your favorite book club took a week off because of everything going on in Miami, at the Bitcoin 2021 Conference. Totally justified, we know. But the time is now, we need to figure out what money is and why humanity left the gold standard. Let’s follow Saifedean...

May 30 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 3, Part 1: Why Gold?)

Welcome back, Bitcoin lovers! For those who’re just tunning in, we’re currently exploring “The Bitcoin Standard” by Saifedean Ammous. When we finish with the third chapter, you’ll know exactly why humanity picked gold as the most precious of metals and its form of money of choice. The reasons are unarguable. Humanity was extremely clever to do so. However, you need this info before...

May 28 2021

Vitalik Doubles Down on Proof-of-Stake: It Could Solve Bitcoin’s Problems

Competitors are milking Elon Musk’s misconceptions about Bitcoin’s energy consumption for all their worth. The general public and legacy media won’t shut up about this previously resolved can of worms. And when Vitalik Buterin, co-founder of Ethereum, received the question, he didn’t hesitate....

May 23 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 2: Primitive Moneys)

Welcome back, book lovers! As we continue our exploration of Saifedean Ammous’ “The Bitcoin Standard,” it’s time to turn our heads to previous forms of money. Each of these stories carries a lesson. At least one serves as a metaphor for the state of our current monetary system. They’re all fascinating, you’re in for a treat. But before we get into the meat...

May 15 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Prologue and Chapter 1)

To lay the foundation for everything we’ll learn in the Bitcoinist Book Club, we had to start with “The Bitcoin Standard” by Saifedean Ammous. A fair amount of experts in the field recommend it as the first Bitcoin book people should read. Does that mean it’s too basic for the Bitcoinist audience? Not at all. Our readers might already be familiar with these...

Nov 25 2020

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