nostranger on Nostr: Yes. Also read The Fiat Standard, coz I found that the Bitcoin Standard is a bit too ...

Yes. Also read The Fiat Standard, coz I found that the Bitcoin Standard is a bit too biased towards gold and I think Saifedean realised that too, hence the follow-up. I also read Web of Debt before The Bitcoin Standard and that shows how fiat has actually been useful at times in history in the short term, in particular The American Revolution, which facilitated America breaking away from England with unbacked fiat in circulation. This book predates Bitcoin and argues for a fiat system where govt issues it itself without having to pay interest to a lending bank, and not inflating the supply without backing. Of course this is nonsense to Bitcoiners now, but the book gives a good history of money and nefarious financing. Also Broken Money by Lynn Alden, Price of Tomorrow by Jeff Booth, Inventing Bitcoin, Mastering Bitcoin and The Sovereign Individual