What is the bitcoin standard?

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. SAIFEDEAN AMMOUS, PHD, is a Professor of Economics at the Lebanese American University, and member of the Center on Capitalism and Society at Columbia University.

Is the bitcoin standard the decentralized alternative to central banking?

In The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous, we explore the promise that digital cryptocurrencybrings to our modern world. Like gold used in old times, it’s very stable and can be used universally. If we could fix a few problems, we could be on our way to the next best currency.

What are the virtues of the bitcoin standard?

The Bitcoin Standardcertainly has its virtues. To Ammous’s credit, the book does a fine job describing historical examples of money and such concepts as salability, hard money, stock‐to‐flow ratios, and money as a medium of indirect exchange.

Who are the bitcoin Maximalists?

The Bitcoin Standard: The Decentralized Alternative to Central Banking Saifedean Ammous Hoboken, N.J.: Wiley, 2018, 305 pp. Just as in those other contests, leaders of each crypto‐tribe tend to emerge. One such faction is “Bitcoin maximalists,” a term coined by Ethereum cofounder Vitalik Buterin, of which Saifedean Ammous has become a leader.