The Bitcoin Standard: The Decentralized Alternative to Central Banking
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.
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The key to successfully starting any issue is a fine issue plan. In his ebook, The Bitcoin Standard: The Decentralized Alternative to Central Banking, Mike Elia walks you through the issue plot process step-by-step: from buildup the evidence youll use to build your plot to delivering your plot to certified investors.
His folder provides the basic guidance you dependence to write a issue plan. But its genuine focus is revealing how to communicate your plot to investors and persuade them that your issue is their best investment choice.
When I first opened issue plot Secrets Revealed, my heart sank. You see, I had promised Mike I would contact his folder entirely past writing a review. And issue plot Secrets Revealed is no unknown ebook past one sentence paragraphs, large fonts and hefty margins. Its crammed full of information!
But as I began to read, I was genially surprised. Mikes writing style is engaging and practical, and his explanations simplify difficult concepts. Throughout the book, I felt as though a friend was sitting past me on the help porch, matter-of-factly explaining exactly how to reach something. Its the kind of simple practicality that you can accomplish lonesome past you abundantly comprehend a subject.
Mikes determined conformity of issue planning concepts results from experience spanning more than 20 years. Mike helps issue owners buy, sell and finance their businesses. He has overseen manufacturing and sales locations in more than nine countries. He is a CPA, holds a Masters in issue Administration, and has served as Chief Financial supervisor of two publicly held companies.
Business plot Secrets Revealed starts past tips for collecting and organizing the guidance youll need. From the beginning, Mike concentrates on overcoming your biggest single challengebridging the investor confidence gap. In the chapter Show Me the Numbers, Mike provides some of the clearest explanations of issue financial statements that Ive ever contact If concepts past stockholders equity or statements of cash flow create your eyes glaze over, after that your salvation has arrived.
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I must give a positive response that several grow old as I was reading, I would question myself, Do I in fact dependence this much issue plan? This is not a fill-in-the-blanks-and-print-it-out issue plot solution. But after that I realizedif Im omnipresent about succeeding, after that I reach dependence to know as much as practicable about my issue up front. past Ive started spending money. past I put myself on the line out in the market.
By the way, I did create it through the gather together book. And I stated that Mike delivers what he promises on the title page: he teaches you how to speedily hoard evidence, build a accomplishment for your business, and write a readable plot that attracts investors and makes your issue the most glamorous investment choice. Even if you already own supplementary issue planning resources, I terribly recommend issue plot Secrets Revealed
