Summary of Saifedean Ammous's The Bitcoin Standard

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#1

Bitcoin is the newest technology to serve the purpose of money. It is an innovation that takes advantage of the digital age's technical possibilities to solve a dilemma that has long plagued how to transfer economic capital through time and space.

#2

To comprehend Bitcoin, one must first understand money, and there is no better way to comprehend money than to research its purpose and history.

#3

Money is a social convention. It's a contract. If I give you something valuable, and you give me something valuable, and we both agree that the thing I gave you is worth the thing you gave me, then we've established the value of what I gave you.

#4

Many objects have acted as money throughout history, like gold and silver, but also copper, seashells, large stones, salt, livestock, government paper, precious stones, and, in some cases, alcohol and tobacco.

Language: English

Pages: 32

Format: Paperback

Release: June 18, 2021

ISBN 13: 9798522616939

Summary of Saifedean Ammous's The Bitcoin Standard

Slingshot Books

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Language: English

Pages: 32

Format: Paperback

Release: June 18, 2021

ISBN 13: 9798522616939

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