Tag: the bitcoin standard

Nov 26 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 8, Digital Money)

Finally, digital money. We got to the part when Saifedean Ammous talks about Bitcoin. So far, “The Bitcoin Standard” has given us history, economy, and philosophy lessons. It’s time for technology. For Bitcoin experts, this chapter might be a little too basic. For newcomers to the space, the following material will be crucial for their understanding. The author explains each of the moving...

Nov 16 2021

Australian Baseball Club Embarks On A Bitcoin Standard, Integrates Lightning

The Perth Heat is setting Bitcoin as the new standard for all payments and payouts, the club said in a statement.ABL’s most successful club has embarked on a Bitcoin standard, shifting its corporate treasury from dollars to bitcoin.“The Perth Heat are embracing the reality that the future of money and corporate treasuries will live on the Bitcoin blockchain,” its chief bitcoin...

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...

Sep 08 2021

Bitcoin: The Future Of Money And The World Economy

The true innovation behind Bitcoin is the ability to transact value instantly around the world.Saifedean Ammous and Peter St. Onge, in my opinion, are the thought leaders on the...

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...

Aug 13 2021

MicroStrategy Stock Has Gained 452% In First Year On Corporate Bitcoin Standard

One year since adopting a corporate Bitcoin standard, MicroStrategy's stock has exploded as the bitcoin price has risen 306%.The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox,...

Aug 12 2021

Jordan Peterson Learns About Bitcoin And The Whole World Benefits. Part 1.

It’s amazing how fast Jordan Peterson caught on to the complex ideas behind Bitcoin. The Canadian psychologist and media personality invited four very different Bitcoin experts to his podcast. Their conversation is deep but easy to follow, a treasure for future educators. It’s not exactly a Bitcoin 101 class, Peterson is so sharp that he easily grabs the core concepts and, armed with...

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 10 2021

The Inevitability Of Bitcoin Supremacy

Bitcoin is a black hole of value sucking in any and all reserve currencies, slowly but surely.Bitcoin has risen from the dead so many times, it makes Lazarus look lazy. Yet its doubters persist: “Bitcoin is a bubble,” they say; a “risky speculation with little chance of ever becoming an established form of money,” they shout.But Bitcoin’s obituarists...

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 21 2021

Everyone Who Bought And Held Bitcoin In 2021 Is Still Richer Than You

Despite ludicrous claims that bitcoin has decreased in value, those on a sat standard have been accumulating wealth at a discount.Bitcoiners need not fear — for those who have already determined that the bitcoin standard is the monetary policy for them, recent dips in nominal fiat value can only be good. You see, as determined in my previous article, “...

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