La alternativa descentralizada a los bancos centrales
«The Bitcoin Standard» is the most systematic and academically structured text in defense of Bitcoin as sound money: Saifedean Ammous, an economist trained in the Austrian School tradition, published it in 2018 and builds his argument from the foundations of monetary theory upward.
Affiliate CTA preview · enabled with monetization (phase 5).
The most influential book ever written about Bitcoin from an economic perspective. Saifedean Ammous, Austrian School economist, builds the intellectual case for Bitcoin on sound money theory: what makes an asset "hard" money, monetary history from shells to the gold standard, the failure of fiat money, and Bitcoin as the first truly scarce money in digital history.
«The Bitcoin Standard» is the most systematic and academically structured text in defense of Bitcoin as sound money: Saifedean Ammous, an economist trained in the Austrian School tradition, published it in 2018 and builds his argument from the foundations of monetary theory upward. The book does not begin by talking about Bitcoin: it devotes the first chapters to defining what makes money «hard» (its ratio of existing stock to new annual production, the so-called stock-to-flow ratio), traces monetary history from shells and Yap stones through the gold standard and the collapse of Bretton Woods, and only then introduces Bitcoin as the asset with the highest conceivable stock-to-flow ratio thanks to its fixed maximum supply of 21 million units. Ammous is explicitly critical of fiat money, central banks, and monetary expansion, from a perspective the reader should locate ideologically. The book has been criticized for its bias — it systematically ignores counterarguments — and for some claims about economic history that historians have questioned. Its primary value is that it forces the reader to think from first principles about what money is and what functions it must serve, regardless of what conclusion they draw about Bitcoin.
For readers curious about the theoretical foundations of money and the economic arguments for Bitcoin; requires willingness to read from a declared ideological perspective.
Fact«The Bitcoin Standard» was published in 2018; author Saifedean Ammous originally wrote it in English and it was one of the first academically structured books in defense of Bitcoin.
