The Bitcoin Standard: The Decentralized Alternative to Central Banking – Saifedean Ammous – 28.09.25

So, my hubby and I are both recently retired, and trying to manage our money so that we don’t end up in the poor house(!) and part of this strategy involves some bit coin investment. Hubby, Paul, is very careful and has done (and continues to do) lots of research about how to do this well. He tells me stuff, and I try to take it in, but find my eyes glazing over and my mind wandering, so I when this book was a kindle daily deal, I thought I should get it and educate myself at least a little so I could stay awake and contribute to bit coin conversations.

I found it a bit of a slog to get through, but kind of interesting, and I must have taken in more of Pauls stuff than I thought because I felt like I already knew quite a lot of what it said. Economics is really quite hard to understand because once you get beyond barter and trade it all get a bit abstract and made up, especially since most countries stopped backing up their money with real value like gold.

The writer’s style was (I thought) a bit arrogant because he felt certain that he was right about everything and most everyone else is completely wrong and he didn’t pull his punches. It is a very pro bit coin book – and I get the point that money needs a real something of value to back it up and so that governments can’t just keep printing more and devaluing the money you already have, so in a sense he was preaching to the choir, but I still felt he could have been more balanced.

I did share nuggets of wisdom (?) from the book with Paul, and he was at least impressed that I was trying to learn.

Published by sarahrwray

I'm an erstwhile writer and forever reader and book reviewer.

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