Description

The Bitcoin Standard analyzes the historical background to the growth of Bitcoin, the economic features that have enabled it to expand quickly, and it is potential economic, political, and societal ramifications.
While Bitcoin is an invention of the digital era, the issue it pretends to answer is as ancient as human society itself moving value over time and distance. 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 argues that it is no accident that the loftiest accomplishments of mankind have happened in civilizations enjoying the advantages of sound monetary regimes, nor is it coincidental that monetary collapse has frequently followed the civilizational collapse.