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About the Author

Includes the name: Saifedean Ammous

Works by Saifedean Ammous

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Common Knowledge

Gender
male
Nationality
Lebanon
Birthplace
Palestine

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Reviews

8 reviews
The Author certainly has a political agenda, which is somewhat contrary to my own liberal views, and he can be a bit condescending, but I think we all need to listen to the ones we don't necessarily agree with to understand where they are coming from. And personally he has made a number of good points, that maybe obvious to someone with an economics background, but weren't to me. Certainly I can't say I agree with all the points being made, and at times he brushes counter arguments aside a show more bit to easily with arguments such as "... if one would do that they would harm themselves as they have invested in bitcoin ...", which by itself isn't enough. It's not like that stopped counterfeiters from making fake money because it would harm the value of the currency they are duplicating. Overall a good book and highly recommended, and I might have to invest in bitcoin myself show less
I can keep this one short, the book is not worthy of that title.

That's not because I did have some basic knowledge before reading it, but of the 11 chapters, only 2 of those near the end are about Bitcoin, in which the writer starts by saying he's not going to go much into the details.

He surely succeeded there, the writer didn't do a great job "orange-pilling" the reader, nor did he properly explain the functional benefits of Bitcoin above all else. Instead the writer spends most of the book show more in the typical "Bitcoin-maxi" style bringing half truths but mostly wasting everyone's time by telling how everything else sucks and that John Maynard Keynes was a pedophile.

I believe reading Broken Money by Lyn Alden would be a much much better choice, and maybe add The Book of Satoshi of which I've heard great things to that.
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The Bitcoin Standard is written by an academically dishonest and disingenuous individual who wilfully locks himself in an echo chamber. Even Nassim Nicholas Taleb who wrote the foreword of this book has blocked him on Twitter.

The book is chock-full of logical fallacies, grammatical errors; e.g., writing “seniorage” instead of seigniorage, an economic term misspelled by an “economist”. Secondly, he carefully chooses historical examples to fit his narrative, omitting counter-examples, show more and he plainly gets history wrong as well, such as mistakenly thinking that plumbing was invented in the nineteenth century instead of ≈6500BC. Thirdly, his excessive use of ad hominems is staggering, placing him among my top pick of modern demagogues.

He's okay with his book being pirated, so don't give him any money, here you go: b-ok . cc/book/3498561/965aa8.
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This book does two things well. First, it is solid introduction to Bitcoin, from the perspective of economics, explaining how Bitcoin fits into the history of economic development, drawing parallels to gold and other systems of hard money and contrasts to government-run fiat money. Second, includes some excellent attacks on John Maynard Keynes.

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Works
11
Members
478
Popularity
#51,586
Rating
4.0
Reviews
8
ISBNs
31
Languages
9
Favorited
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