The Bitcoin Standard: The Decentralized Alternative to Central Banking
4.7 4.7 out of 5 stars | 7,685 ratings
Price: 21.83
Last update: 12-29-2024
Top reviews from the United States
Todd Shaffer
5.0 out of 5 stars
Do you know how money works?
Reviewed in the United States on January 25, 2019
The first half of the book alone is worth the price. Highly recommended whether you like the idea of Bitcoin or not.
Rodney T. Haynes
5.0 out of 5 stars
The worlds digital dollar
Reviewed in the United States on April 20, 2021
Great Knowledge
Zak M
5.0 out of 5 stars
Saifedean is the man
Reviewed in the United States on July 31, 2019
Saifedean is a brilliant. Read the book. Follow him on twitter.
Chris S
5.0 out of 5 stars
Disappointed with amount of actual Bitcoin content
Reviewed in the United States on February 22, 2019
Within the first five minutes of reading this book, you understand that the author is an incredibly smart person. He clearly is a master of economics and has a solid understanding of government money as well as the history of money.
However, this is also the issue I had with this book.
The first six or seven chapters are dedicated to the history of money, while the remaining three are the only chapters in which he actually talks about Bitcoin, albeit he does a fantastic job explaining it in a way that anybody can understand.
The second issue I had was that the author is biased. He leaves out huge details of the history of money (no IOU's??) which is interesting because one would think that seven chapters on solely the history of money would be a great opportunity to cover the entire history of money. Instead, the author seems to cherry-pick certain examples in history that prove his argument.
He also goes into a few very bizarre rants that had absolutely nothing to do with Bitcoin or money - he has some incredibly strong opinions about art, music, work, marriage, among several other seemingly random topics, and he certainly was not shy about expressing them.
You will learn a lot from this book, there's no uncertainty about that. I'd like to think that people who understand Blockchain and Bitcoin inside and out will still get something out of this read. Just like anything else, don't take everything this author has to say at face value; in many portions of this book, you get the sense of an "it's my way or the highway" type of vibe.
This book is the first of many that I will read about Bitcoin. I can't say that I'm disappointed with the book, rather, I'm disappointed in the amount of content on Bitcoin. However, I'd suggest doing a Google search for Saifedean Ammous, the author of this book. You will stumble upon several reviews that aggressively critique this book, the author's arguments, and his bias. Take a look at some just so you know what you're getting yourself into.
However, this is also the issue I had with this book.
The first six or seven chapters are dedicated to the history of money, while the remaining three are the only chapters in which he actually talks about Bitcoin, albeit he does a fantastic job explaining it in a way that anybody can understand.
The second issue I had was that the author is biased. He leaves out huge details of the history of money (no IOU's??) which is interesting because one would think that seven chapters on solely the history of money would be a great opportunity to cover the entire history of money. Instead, the author seems to cherry-pick certain examples in history that prove his argument.
He also goes into a few very bizarre rants that had absolutely nothing to do with Bitcoin or money - he has some incredibly strong opinions about art, music, work, marriage, among several other seemingly random topics, and he certainly was not shy about expressing them.
You will learn a lot from this book, there's no uncertainty about that. I'd like to think that people who understand Blockchain and Bitcoin inside and out will still get something out of this read. Just like anything else, don't take everything this author has to say at face value; in many portions of this book, you get the sense of an "it's my way or the highway" type of vibe.
This book is the first of many that I will read about Bitcoin. I can't say that I'm disappointed with the book, rather, I'm disappointed in the amount of content on Bitcoin. However, I'd suggest doing a Google search for Saifedean Ammous, the author of this book. You will stumble upon several reviews that aggressively critique this book, the author's arguments, and his bias. Take a look at some just so you know what you're getting yourself into.
billy-wayne joebob
4.0 out of 5 stars
overly verbose but helpful
Reviewed in the United States on July 18, 2020
The chapters on the history of money, the gold standard, and currency manipulation were extremely eye-opening to me and his writing made these topics understandable to me after writing them off for so long as something I wouldn't get. Unfortunately, he spends much of the rest of the book repeating himself in slightly-restated examples, and personal attacks on Keynes (going after not just his policy but his lifestyle--he HATES Keynes and has a major axe to grind), and then delving into chapters on music and art that are flimsily supported by his opinion, not fact. I have a graduate degree in Art and he is just flat-out wrong in his tired, cliche attacks on modern and contemporary art and music. He needs to stick to what he knows.
Read the book, just don't be afraid to skip chapters when he repeats himself.
Read the book, just don't be afraid to skip chapters when he repeats himself.
Eduardo S.
5.0 out of 5 stars
Understanding of economics everyone should have!
Reviewed in the United States on February 21, 2022
Beyond "yet another Bitcoin book", about half of this one is an amazing lecture on general economics, the history of money, its purpose, and the impact of the use of different types of money in different societies, the basic understanding I believe everybody should be taught in school.
He then proceeds to construct the thesis that Bitcoin has all the characteristics of "Sound Money", more than anything ever used as money so far (divisibility, transportability and ability to hold value through time, not prone to sudden appreciation/depreciation through intervention), which he does in a brilliant way.
Towards the latter part, he goes through the technicalities of Bitcoin just enough to make it easy to grasp for the non-technical readers, while keeping it quite captivating for the technical ones (me).
It's certainly the best content on Bitcoin (and probably on general economics, for that matter) I've ever had access to, and it made me even more excited about Bitcoin. I highly recommend it!
He then proceeds to construct the thesis that Bitcoin has all the characteristics of "Sound Money", more than anything ever used as money so far (divisibility, transportability and ability to hold value through time, not prone to sudden appreciation/depreciation through intervention), which he does in a brilliant way.
Towards the latter part, he goes through the technicalities of Bitcoin just enough to make it easy to grasp for the non-technical readers, while keeping it quite captivating for the technical ones (me).
It's certainly the best content on Bitcoin (and probably on general economics, for that matter) I've ever had access to, and it made me even more excited about Bitcoin. I highly recommend it!
from Berlin
5.0 out of 5 stars
the pleasure of giving
Reviewed in the United States on December 27, 2018
Hello Mario,
I just finished reading the book for the second time. It is superb. I enjoyed it thoroughly and learned a lot about bitcoin, blockchain, and money in general. These are topics I have been tracking for a couple of years now, but this book puts everything in a nice, tidy perspective. I really liked the author's views on alternative (non-bitcoin) crypto currencies and further to this, his take on alternative uses of blockchain technology. Many times I had tried to think of applications for blockchain and could never see one that made sense, even though the pundits were hailing it as the "next big thing" that would transform us all. According to the author, almost all alternative applications do, in fact, not make sense. So I feel somewhat vindicated on this score. His technical explanations are good. I have read a number of technical explanations and pretty much understand the encryption, hashing, etc. The proof of work concept still bends my mind a bit, but as a former IT person I can see it pretty well. I really enjoyed the history lesson on money, especially the views of the Austrian school economists. I probably am somewhat less libertarian and anti government than the author and his school, but hey, if this current debt binge implodes, the Austrians might be proved right (let us hope not!).
I hope you are having a good holiday. All the best for 2019 and thanks again for the wonderful book.
Bob
I just finished reading the book for the second time. It is superb. I enjoyed it thoroughly and learned a lot about bitcoin, blockchain, and money in general. These are topics I have been tracking for a couple of years now, but this book puts everything in a nice, tidy perspective. I really liked the author's views on alternative (non-bitcoin) crypto currencies and further to this, his take on alternative uses of blockchain technology. Many times I had tried to think of applications for blockchain and could never see one that made sense, even though the pundits were hailing it as the "next big thing" that would transform us all. According to the author, almost all alternative applications do, in fact, not make sense. So I feel somewhat vindicated on this score. His technical explanations are good. I have read a number of technical explanations and pretty much understand the encryption, hashing, etc. The proof of work concept still bends my mind a bit, but as a former IT person I can see it pretty well. I really enjoyed the history lesson on money, especially the views of the Austrian school economists. I probably am somewhat less libertarian and anti government than the author and his school, but hey, if this current debt binge implodes, the Austrians might be proved right (let us hope not!).
I hope you are having a good holiday. All the best for 2019 and thanks again for the wonderful book.
Bob