Bitcoin cliff notes

I was given this free review copy audiobook at my request and have voluntarily left this review.

  • A Beginner's Guide to Bitcoin.
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  • The Bitcoin Standard Book Summary, by Saifedean Ammous | Allen Cheng;

I really liked this introduction to Bitcoin. I've always struggled to understand what exactly Bitcoin was, but this book made it much clearer.

The Bitcoin Standard Book Summary, by Saifedean Ammous

Recently I've become really interested in crypto currency as a concept rather than as an investment. I picked up this book as a complete beginner to bitcoin. I came in understanding the concept of blockchains and how they work, but not how bitcoin implemented the concept. While short, the book was concise in it's explanation of bitcoin and its practical applications. If you are curious what bitcoin is and how it works, this book will certainly help and answer most if not all of your questions. This audiobook was gifted to me by the publisher in exchange for an unbiased review.

Bitcoin Definition

This was a great beginner's guide to Bitcoin useage. Anyone online has surely heard of this but many don't know anything about it, like me. I've been interested but still somewhat confused.

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  6. I talk about this but to my understanding and I think this audiobook clarified that, is that bitcoin is something you want to use not save. The value can fluctuate greatly and is still in its infancy. But this was an overall good listen for a person new to bitcoin. Brian Moore did a fine job narrating.

    He spoke clearly and was easy to understand. Great information for those who are just now getting into Bitcoin I was given this free review copy audiobook at my request and have voluntarily left this review. I found this book to be very informative and just the right size for an introduction to bitcoin. However, I think it might have been better if it had included a downloadable file to show screenshots of the ledgers, how to send and receive money, etc.

    Brian Moore did a great job with the narration. I received a review copy at my request and voluntarily reviewed. We are living in the future, and it is digital from our entertainment to our libraries; from our favorite stores to our very wallets now? That's what it looks like. Very good resource here to get you acquainted with Bitcoin, the most popular crypto-currency Well researched, well written and the narration was superb!

    This will save you hours of research on Google or your favorite blogs. Start here. Add to Cart failed. Please try again later. Add to Wish List failed.

    Technical Analysis: Everything YOU NEED TO KNOW!! 👨‍🏫

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    Unfollow podcast failed. Stream or download thousands of included titles. Narrated by: Brian Moore. No default payment method selected. Add payment method. Switch payment method. We are sorry. We are not allowed to sell this product with the selected payment method. Pay using card ending in. Taxes where applicable. Publisher's Summary Bitcoin may seem complicated at first, but is actually very simple to use.

    More from the same Narrator Beware of the Dog. What listeners say about A Beginner's Guide to Bitcoin. Reviews - Please select the tabs below to change the source of reviews. Amazon Reviews. Sort by:. Either deflation is bad Mises or it is not Rothbard. See Mises comment on deflation below. The other major error the author makes is conflating base money with the money supply, M2.

    This is an error that throws off all his data and his argument. The only money is base money.

    Bitcoin and Other Cryptocurrencies Summary

    These are major differences which cannot be resolved within the Classical and Rothbardian views. How one accepts these views determines whether the thesis of the book is valid or invalid. My Classical view is that the thesis is invalid based on the irresolvable major differences that I highlight. The difference between Classical and Rothbardian monetary views is that Classical economics has been put into effect.

    It has a year history of monetary success with a gold standard. The Rothbardian monetary view has never been put into effect. Rothbardian monetary policy can actually attempt to prove its viability with bitcoin. Bitcoin with its limited supply defines the Rothbardian monetary system. Whether deflation is caused by monetary error, correcting from an inflation, or from a fixed currency supply, the result is the same. Deflation is an economically harmful monetary event. Yet the return to the prewar parity could not indemnify the creditors for the damage they had suffered as far as the debtors had repaid their old debts during the period of money depreciation.

    Moreover, it was a boon to all those who had lent during this period and a blow to all those who had borrowed. But the statesmen who were responsible for the deflationary policy were not aware of the import of their action. They failed to see the consequences which were, even in their eyes, undesirable, and if they had recognized them in time, they would not have known how to avoid them.

    Their conduct of affairs really favored the creditors at the expense of the debtors, especially the holders of the government bonds at the expense of the taxpayers. In the twenties of the nineteenth century it aggravated seriously the distress of British agriculture and a hundred years later the plight of British export trade.

    Nonetheless, it would be a mistake to call these two British monetary reforms the consummation of an interventionism intentionally aiming at debt aggravation. Debt aggravation was merely the unintentional outcome of a policy aiming at other ends. Gold standards have to rely on currency managers. No way around it. This is errant analysis but it looks good on a chart. Division of an appreciating value only means that each division increases proportionally in value regardless of the degree of division. This is an immutable fact and goes against the real role of a unit of account.