Item Weight : 712
Number of Pages :382 pages
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Product description
Review
"Saifedean's penetrating insight is to explain the operation of fiat by analogy to the operation of bitcoin. In this context, we can think of fiat as a digital currency, like an altcoin, defining its qualities and characteristics and its strengths and weaknesses. Whereas The Bitcoin Standard's analytical framework centered around assessing salability across time, and how it explains the monetary rise of gold and bitcoin, in The Fiat Standard, Saifedean uses the framework of salability across space to explain the rise of fiat and how it replaced gold. Far from a one-sided attack on fiat, The Fiat Standard illustrates and explains the advantages that made fiat's global adoption possible. This framework in turn forms the basis for assessing bitcoin's rise in a fiat world, its security model, and chances of continued success."
--Ross Stevens "Ross Stevens"
About the Author
Saifedean Ammous is an economist and author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, the definitive and best-selling book on bitcoin, translated to 30 languages. He is also the author of The Fiat Standard, and the forthcoming textbook Principles of Economics. Saifedean teaches courses on the economics of bitcoin, and economics in the Austrian school tradition, on his online learning platform Saifedean.com, and also hosts The Bitcoin Standard Podcast.
