The Bitcoin Standard: The Decentralized Alternative to Central Banking
The book was among the first to explain Bitcoin’s value proposition as the hardest money ever discovered, affirming it was the only functional alternative to national central banks for international payments. It starts by setting the background of human monetary elements throughout history, which have all been technology-based, and directly responsible for the evolution of a thriving society. This is where Bitcoin comes along. The author explains it as the first form of digital cash and digital hard money that has been successfully implemented so far. It is comparable to a digital form of gold that comes with a settlement infrastructure. Now that the historical relevance of Bitcoin has been set, the book moves on to the most useful section for Bitcoin enthusiasts, a complete guide to answering the most basic Bitcoin-related questions from how they work, whether are they worth it, mining, and more.