Book Review of The Bitcoin Standard by Saifedean Ammous

Bitcoin is going to become the global standard for money and you need to understand the how and why. The single best book I can recommend to you is The Bitcoin Standard by Saifedean Ammous.

Here’s my video summary:

Some quick thoughts in written form:

  • Why this book? There’s a lot of altcoin/ICO/appcoin garbage out there. This book is the signal vs the other garbage ‘noise’.
  • Saifedean explains the roots of sound money and how it arises on the market as the most saleable medium of exchange.
  • He talks through the history of how we got where we are now with government currency debasement and control, which sets the scene for why bitcoin is so important.
  • We have an overview of Austrian business cycle theory and how the malinvestments create a distorted capital structure.
  • He stresses the importance of the stock to flow ratio of bitcoin versus other potential monies (fiat and gold being the big examples). Projecting out over the next 4-8 years, Bitcoin has a better stock to flow ratio and it is only getting better.

Overall, Saifedean spells out a vision of bitcoin as a high powered sound money, forming the base layer on which other layers may be built.

Go order the book today! I have ordered a physical copy myself.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s