SKU: 21084733307

The Bitcoin Standard: The Decentralized Alternative to Central Banking

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The Bitcoin Standard: The Decentralized Alternative to Central BankingWhen 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

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.



Binding Type: Hardcover
Publisher: Wiley
Published: 04/24/2018
ISBN: 9781119473862
Pages: 304
Weight: 1.10lbs
Size: 9.20h x 6.10w x 1.10d
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SKU: 21084733307

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Verified Purchase
Jordan
Massapequa, US
★★★★★ 5
None of the stuffing pulled out
I have 3 dogs. 1 is very gentle w/ stuffed toys. 1 is new to us and very anxious and kept stealing things like water bottles to gnaw on. And 1 destroys every stuffed toy we have ever brought into the house. We bought these for the anxious one. She was recently adopted and very people shy and afraid of the world around her. She doesn't know how to play with people and she's terrified if you try to throw a ball or if you squeak a squeaker, but we also needed something durable enough for her chewing that would be safe for her and could also withstand the toy destroyer possibly getting hold of it. They've been playing with these for a few months now and the most damage is that some of the rope necks are a bit frayed and a lot of the fuzz on the outside is gone, but none of them have been torn open. And the squeakers are in there in a way that it's hard to make them squeak if not doing so intentionally. The 1 dog can have plush toys again, the 1 dog can gnaw and chew to reduce her anxiety and the 3rd can chew and attack it without me having to clean up stuffing all the time
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on August 6, 2022
C
Verified Purchase
Christane Huddleston
West Palm Beach, US
★★★★★ 4
Very durable
Color: 3 Pack Donkey Giraffe Dog
For some reason I thought they would be a little bigger but I have to say they are very durable. My Saint Bernard has not shredded them to pieces yet. Normally the toys last a day or two but he still has them after 3 weeks. 👍
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on February 25, 2026
D
Verified Purchase
Dana R.
Grantham, US
★★★★★ 5
Well made and seem durable
Color: 3 Pack Donkey Goat Dog
Cute and my dogs love them !
WAS THIS REVIEW HELPFUL?YesReportShare
Reviewed in the United States on April 16, 2026
F
Verified Purchase
Felipe Pires
Los Angeles, US
★★★★★ 1
Not durable
Color: 3 Pack Donkey Giraffe Dog
Toys look nice, but they did not last 2 days with our 6 months Mini Aussie. It's nice as a display item, not as a toy.
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Reviewed in the United States on May 20, 2026
D
Verified Purchase
Darcie Balderrama
Belleville, US
★★★★★ 3
Cute and engaging
Color: 3 Pack Donkey Giraffe Dog, Color: 3 Pack Donkey Giraffe Dog
Received these cute toys 2 days ago. My beagle was so excited to play with them. Great concept with the rope feature and then fluffy areas. Unfortunately she has already ripped apart the giraffe so the destruction rate is not good for a medium sized dog. Great for our Chihuahua. I would recommend buying for small dogs only.
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Reviewed in the United States on April 2, 2026

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