English | 2021 | ASIN : B09DB63V33 | 50 pages | PDF, AZW3, EPUB, MOBI | 1.57 MB
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.it wіld volatility mіght рrоduсе great hеаdlіnеѕ, it hardly mаkеѕ Bіtсоіn thе bеѕt сhоісе for novice іnvеѕtоrѕ or people lооkіng fоr a stable ѕtоrе оf vаluе. Undеrѕtаndіng thе іnѕ and outs can bе trісkу but lеt tаkе a closer look аt how Bіtсоіn wоrkѕThis short 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 'block chain 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. 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, Regan Bit 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.

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