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sebastian / Sebastian
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2024-11-01 18:24:29

sebastian on Nostr: 📚 The Bitcoin Standard - Review 📙 So as I started my Bitcoin journey, one book ...

📚 The Bitcoin Standard - Review 📙

So as I started my Bitcoin journey, one book EVERYONE recommended to me was

‘The Bitcoin Standard by Saifedean Ammous’

I was originally quite surprised when I first started reading it, it’s not ‘really’ a book about Bitcoin

It’s more of a breakdown of the money system and a very small nod to Bitcoin at the end

I understand why this was recommended to me

Because you do not need any technical knowledge of BTC or Blockchain to understand the book.

It is straightforward, pick up and go

With lots of anecdotes, stories from history, and examples to help you understand complicated concepts

My biggest takeaway is this…

Just because I have not experienced a civilization collapse, money to become worthless or nuclear war, doesn’t mean it cannot happen.

History has a habit of repeating itself

The government or banks are not looking to help you, so its down to you to protect yourself.

Be prepared to have your mind bet in a few different directions (Just a warning)

The chapters I enjoyed the most were:

- Chapter 3: "The Monetary Media of Exchange" – This one digs deep into how commodities like gold, silver, and even salt became monetary standards in the past. It’s fascinating to see how societies historically agreed on certain "store of value" assets.

- Chapter 6: "Sound Money and Individual Freedom" – This section really resonated because it’s not just about finance; it's about freedom and autonomy. The idea that money which can’t be debased grants you more control over your life is a compelling argument for a Bitcoin-based future.

- Chapter 9: "Bitcoin’s Role" – Though it’s at the end, it ties everything together, explaining why Bitcoin could be the modern answer to sound money. It’s like a reward after understanding the history and theory that built up to this moment.

Overall, I’d say The Bitcoin Standard isn’t just a book about Bitcoin—it’s a journey through money, freedom, and resilience. It’s left me with a sharper perspective on the financial systems around us and how Bitcoin could play a part in reclaiming control over our wealth.

If you’re new to Bitcoin, or even just curious about economic history, this is a solid starting point!

#Bitcoin #BitcoinStandard #bookreview #btc #crypto #cryptocurrency
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