I am listening to "The Bitcoin standard" right now and just came by the part where the author explains why he thinks bitcoin is a case of "any publicity is good publicity". And it does not seem very far fetched to me

The Bitcoin Standard by Saifedean Ammous is an excellent book on the economics behind bitcoin as well.

The Fed and bank bailouts are transferring wealth to the wealthy from everyone else. Fiat makes it all possible. It's not hard money. We must get back in a hard money system. Read or listen to "The Bitcoin Standard." Can also find author and podcasts on YouTube.

Good takeaway.

Sounds like something straight out of The Bitcoin Standard [1].

[1]: https://www.goodreads.com/book/show/36448501-the-bitcoin-sta...

I would highly recommend to anyone interested the newly released book ‘The Bitcoin Standard’ which goes into great detail regarding the current financial system and its origins and discusses the Bitcoin impact from an economics perspective.

Great suggestion. Also, might I recommend The Bitcoin Standard by Saifedean Ammous. Half the book is about money in general, not just Bitcoin. Very well written.

https://saifedean.com/the-book/

The Bitcoin Standard by Saifedean Ammous. Amazing insight on the past and future of money.

Along the same vein, I can't recommend The Bitcoin Standard (https://www.goodreads.com/book/show/36448501-the-bitcoin-sta...) enough. The first 60% of the book deals with the creation and characteristics of fiat money and its effect in the World's economy.

The Bitcoin Standard, by Seifedean Ammous (just published). Incredibly fascinating journey through the history of money, past present and an outlook with digital currencies in mind.

I highly recommend people to read "The Bitcoin Standard".

Outside of all the noise and fud surrounding Bitcoin, within it lies a new economic system which has lots of similarities with the gold standard and Austrian economics.

- Neromancer
- 1984
- The Bitcoin Standard
- The Conquest of Happiness (Bertrand Russel)
- The Book of Why

Have a read of the Bitcoin Standard. It's a must read for anyone that really wants to understand Bitcoin's economic model

You're talking about Bitcoin specifically here. Look at the decentralized finance space currently emerging around Ethereum where smart contracts are used to construct similar debt-based constructs that we have in the traditional economy.

People will still lock up cryptocurrencies like BTC on the Bitcoin chain and wrap that in debt-tokens on chains that enable this, for example Ethereum.

Bitcoin maximalists who don't agree with debt-based economy are obviously not happy about this. To better understand that point of view, The Bitcoin Standard by Saifedean Ammous is a great read, whether you will agree with it or not.

Any one talking Crypto and Anti-fragile in same sentence seems to have read the book, "The Bitcoin Standard".

To be honest, it is one of the best books that makes case for Crypto specifically Bitcoin or its ilk from historic currency stand point. Let us not forget the President of United States has the right to mint a Trillion Dollar Coin, and some very intelligent people asked him to do that no too long ago (4 years ago?), when there was debt crisis looming in Washington.

Read "The Bitcoin Standard" if you want that problem solved.

I highly recommend the book The Bitcoin Standard it dives into this question in depth.

Gist is Bitcoin was the first to market, has the biggest decentralized network, has been around the longest, hasn’t been hacked, has no known owner with any vested interests.

All other cryptos are pretty much piggy backing off of Bitcoin’s discoveries for fun or profit ... or trying to make it better.

You should read the Bitcoin Standard or Layered Money to get a sense of what money is and how your notions are quite far from the truth, although delivered with feverish confidence.

BTC is infinitely divisible, and so can be used as currency. Can you give an example where its capped supply would cause an issue?

Bitcoin is backed by proof of work. Money backed by entities are liabilities, which is a bug and not a feature of fiat money. I really suggest thinking about this for a lot longer.

For a relatively quick read with an alternative perspective, check out The Bitcoin Standard https://www.amazon.com/Bitcoin-Standard-Decentralized-Altern...

There is a logical explanation as to why bitcoin could be very valuable in our current world. It is because it cannot be inflated beyond the 21 million cap. If you have an open mind, give it a read!

I really don't care getting downvoted, but I really think this is the worst explanation of what bitcoin is.
There's a book that I strongly recommend to the author of this article: the bitcoin standard.
The book gives also some fundamentals of what money is, and what bitcoin solves and can solve. (talking also about bitcoin layers)
I understand this is a divisive topic, but there's really nothing to with the baseball cards here.

I think the idea of Bitcoin enthusiasts is much more foundational, than just having "digital cash".

I have been reading a book called "The Bitcoin Standard" which highlights that the goal is a switch for society towards Austrian economics and getting back to something like the gold standard (Hint: Bitcoin is the better gold).

The book is quite good and I learned a lot about the history of money - so I'd recommend it.

To paraphrase, the current cash printing is vaporware and not backed by anything anymore - making it quite weak and easy to attack - disaster waiting to happen. Central planning of currency should be replaced by a democratic and capitalist system where the best currency evolves naturally. Which might or might not possibly happen with Bitcoin.

Something like a government bailout using tax payer money of a "too big to fail" organization would not happen in such a world - making the economic system a lot stronger for the individuals.

> The petro dollar is enforced by might and invasions. Nixon created it when he decided to leave the gold standard after France demanded physical gold as payments.

This aspect was not clear to me until I read The Bitcoin Standard by Saifedean Ammous, the first two thirds of which is more of a history of money than pro-Bitcoin propaganda. There he argues that moving off the gold standard was a bad idea in many ways apparently unrelated to money.

And of course there's this famous website: https://wtfhappenedin1971.com/. For reference, 1971 was when Nixon decoupled the US dollar from gold.

No, it doesn't. Money, perhaps more than anything else in human society, exhibits network effects that incline it toward winner-takes-all dynamics. Every money implicitly competes against every other money.

I recommend taking a look at something like https://bitcointreasuries.org/

And don't just glance at it - try asking some probing questions, like "What does this mean?" and "What might I be missing concerning the underlying dynamic at play?"

You can also try reading The Bitcoin Standard for a good analysis of the dynamics and history of competition between different forms of money - the central thesis being: History has shown that you can't protect yourself from someone else holding money that's harder (better) than yours. Bitcoin is better money than anything else we have or have ever had.

Completed this year:

Do Andriods Dream of Electric Sheep? by Philip K. Dick

Providence: God's Loving Care for Men and the Need for Confidence in Almighty God by Reginald Garrigou-Lagrange

Python 3 Object-Oriented Programming by Dusty Phillips

Currently reading:

Stalingrad by Vasily Grossman

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

Financial Shenanigans by Howard M. Schilit

Up next:

Life and Fate by Vasily Grossman

These Truths by Jill Lepore

Understanding Machine Learning: From Theory to Algorithms by Shalev Shwartz and Ben David