SKU: 21084733307

The Bitcoin Standard: The Decentralized Alternative to Central Banking

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The Bitcoin Standard: The Decentralized Alternative to Central BankingWhen a pseudonymous programmer introduced "a new electronic cash system that's fully peer to peer, with no trusted third party" to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the

When a pseudonymous programmer introduced "a new electronic cash system that's fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications.

While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.

With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin's real competitive edge might just be as a store of value and network for final settlement of large payments--a digital form of gold with a built-in settlement infrastructure.

Ammous' firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders.

The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knock-offs, and the many supposed applications of Bitcoin's 'blockchain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet's decentralized, apolitical, free-market alternative to national central banks.



Binding Type: Hardcover
Publisher: Wiley
Published: 04/24/2018
ISBN: 9781119473862
Pages: 304
Weight: 1.10lbs
Size: 9.20h x 6.10w x 1.10d
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SKU: 21084733307

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Michael D Vicars
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Pricey but nice.
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Nice pad, works as intended when wet and dry.
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Reviewed in the United States on January 29, 2026
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Charlottesville, US
★★★★★ 5
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This Rite In The Rain notebook is the leading brand for a reason. It works exactly as advertised, performing flawlessly in conditions where a normal notebook would be ruined. I’ve used alternative brands in the past and ran into issues with the paper or ink smudging, but I’ve had no such problems with this notebook. The weatherproof paper and sturdy cover ensure that your notes stay safe and legible, no matter the conditions.
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Reviewed in the United States on August 21, 2025
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Laura Schluns
Boise, US
★★★★★ 5
An Amazing product, that works
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I bought the (Rite in the Rain - Green Tactical Note Book (All Weather) for my line of work with the sheriffs department. And when your note taking can be the difference between your job and keeping someone bad off the streets, it's important to ensure that your notes are going not only to last, but handle all situations (like weather). I recieved my notebook about 5 days ago, and decided to give it a try, First I noticed it looked and almost felt like ordinary paper, but with a more thick quality with it. I began to write simple phrases on the first page with a variety of writing utensils, I tried an ordinary pen, a pencil, a 0.5mm pen and pencil, ballpoint pens, and so on. Then I tore out the first page which was as easy if not easier than an ordinary notebook. I took it over to the sink area and began to run water on the paper, for about 2 minutes the water beaded off the paper with ease, i turned the water off and examined the paper, it was only wet on the surface, i wiped the excess water off and perfect, it felt like the original paper with no signs of any water damage. This is a great product for someone who may work in an outdoor environment or just near water I highly Recommend this product to anyone in the market for a notebook that not only has quality but is resistant to everyday situations, thanks (Rite in the Rain) for making a great product. If you have any questions or comments or conserns please use the comment section below, and I will answer as swiftly as I can Thanks.
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Reviewed in the United States on April 17, 2012
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Fish
Charlottesville, US
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Good quality
Color: Tan, Size: 6 Pack
These are very good quality. The only notepad that can stand up to extreme conditions. The 4X6 is the perfect size for back pockets.
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Jwadswor
Alexandria, US
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This is a Great Watch!
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Awesome watch!! I bought this watch three weeks ago, and I couldn't be more pleased. I needed a watch with a rubber strap. I work with natural stone, and the majority of the tools we use are water tools. I have never owned a watch with a rubber bracelet before this one, and I am very impressed with how comfortable and easy to keep clean it is. I also enjoy the green, orange and black color scheme. This watch has held up great! I shower with, swim, and work in this watch. I am very rough on this thing, and so far it has handled everything well. The solar feature works great! I received it with a full charge, and after the first day it dropped to medium. I placed it in a window seal for a few hours, and it has held a full charge ever since. I enjoy how lightweight and comfortable this watch is as well. It fits well on my medium sized wrist, it is not too big and bulky, but it is not a small watch either. The large numbers on the dial glow, and the digital screen has an illumination light. The digital display is kind of small, but the analog is very easy to read. The Arabic numerals are very large making them easy to read. This watch has all the great features you would want from a digital watch, with the style of an analog watch. All of the digital features are easy to use. I have always worn, and preferred an analog watch, so the : stopwatch, dual timers, and alarms have all been nice to have. The watch comes with a manual, but it is kind of small and hard to read. I would recommend going to Casio's web page where you can view, save, and print a much larger and easier to read version of the manual. The manual is easy to understand, and the watch is easy to program. This is my first Casio, and I could not be more pleased! I'm now thinking about investing in a G-Shock. The digital features on this watch have made me want one with a larger digital display, so I am wanting to buy a digital only watch. The GW6900-1 looks cool and is atomic and solar! It is also a good buy at around $79.00 on amazon right now. Check it out too, if you think you want a full screen digital instead, and don't mind spending a little extra cash.
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