Bіtсоіn Standard: 2021 Beginner's Guide about Digital Gold, Cryptocurrencies, Blockchain and Mining

Bіtсоіn Standard

2021 Beginner's Guide about Digital Gold, Cryptocurrencies, Blockchain and Mining

Bitcoin prides itself as the currency of the future. It is cryptocurrency users can transfer to one another electronically. Nobody has absolute control over the decentralized currency, and many organizations integrate it as a method of payment and value storage. It is independent and requires no transfer mediator for its operations. Our book offers a great explanation about bitcoin and its emergence. And everything you need to know about trading, storage, and how to use it in a business environment. You will begin with a general introduction, buy and store the currency, and the pros and cons. You will learn about making money with bitcoin, handling your wallet, and different questions and answers about the topic. You will learn how to sell covered calls on bitcoin, personally store, and a general understanding of its trading methods and use it in business. When a pseudonymous programmer introduced “a new electronic cash system that’s fully peer-to-peer, with no trusted third party” to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally-accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications.
While Bitcoin is a new invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse.
With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s real competitive edge might just be as a store of value and network for final settlement of large payments—a digital form of gold with a built-in settlement infrastructure.
This book contains vital information that will improve your understanding and gives great insight into the world of bitcoin and its trading benefits.
Things you will learn:
Cryptocurrencies
Pros and cons of Bitcoin
How to make money with bitcoin
Your Bitcoin wallet
Bitcoin transaction
Bitcoin Blockchain, Miners, and Nodes
Key features of Bitcoin.
Bitcoin price target and the Stock-To-Flow Model and others