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The Bitcoin Standard: The Decentralized Alternative to Central Banking

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What aspect of cryptocurrency will become most in demand over the next five years?
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…

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What aspect of cryptocurrency will become most in demand over the next five years?(r/BitcoinUK)

My 2 satoshis:

It will be bitcoin as an asset that is uncensorable, permissionless, borderless, unconfiscatable (not 100%, but the “most unconfiscatable” asset humanity has known), which no single entity can control. These words are thrown around the crypto space very often nowadays, but most people, even bitcoiners included, have not yet grasped what consequences an asset with these properties will bring to financial, but also political and social dynamics in the world. Grasping that in full is not possible anyway, because there are so many deep complexities and uncertainties involved.

But with financial institutions moving in and national-states players getting involved (both as participants and potential attackers/malicious actors), these properties will become more evident and desirable. One reason is simply because we never have had anything like that and probably won’t for the near future, despite what all the ICO pushers are wanting to sell you as the “new bitcoin”.

To summarize:
Don’t bother researching ICO’s. 95% of those are somewhere between fraud and weak start ups that will fail. Be sceptical of anyone trying to sell a blockchain as a solution for something (think of ‘blockchain’ as a slow, inefficient database, because essentially that’s what it is). Try…

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Additional Information

Subreddits

BitcoinUK,CryptoCurrency,BitcoinBeginners,btc,Bitcoin

Number Of Links

11

Amazon Price

$0.0664

Book Binding

Hardcover

Type Code

ABIS_BOOK

Book Author

Saifedean Ammous

Book Edition

1

Book Publisher

Wiley

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The Bitcoin Standard: The Decentralized Alternative to Central Banking

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What aspect of cryptocurrency will become most in demand over the next five years?

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