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Once you have read and understood The Bitcoin Standard you should know what you want to do. Only you can know what you want to do but having the knowledge and understanding withed in TBS gives you a considerable advantage compared to not having that knowledge.
Free ebook copy of TBS- https://www.z-epub.com/book/1712
The law firm should get Charles Barkley to serve Shaq live on tv during their late night broadcasts on TBS/TNT.
Is there a more updated version of TBS, or plans to update it with what's happened since with adoption and changes since it was published?
Everytime i talk to people about stocks / crypto during a recession i feel like Michael Burry at the end of TBS listening to an investor call: "This is Jack. You're...buying stocks?! The Market is at an all time low, this is crazy!" This is after he got a the major payout shorting the banks mortgage sector.
TBS explains blockchain. Read it if you want to understand why most crypto except Bitcoin is trash.
The Bitcoin Standard pretty much only looks at Bitcoin from the monetary and economic perspective. It doesnt even really talk about Bitcoin till more than halfway through. Its a great read. I also recommend everyone to read the battle of bretton woods, which is mentioned in TBS.
Most people in this sub haven’t read the first page of TBS. Regardless, ignorance is a terrible excuse for hate
Once the train leaves for the next bull market, MicroStrategy will come out the way Burry did in TBS.
I too am a banker and read TBS only just 30 days ago in December. I’ll give you the transition scenario here in a sec but as they say “it ain’t what you know that gets you into trouble, it’s what you know for sure that just ain’t so.” The most practical scenario I see for Bitcoin to advance through the stages of money is: 1) US gvmt rolls out a wholesale CBDC to improve central/commercial bank clearing efficiency (like that tested by the NY Fed last fall) 2) the world doesn’t end with a wholesale CBDC, so they roll out a retail CBDC that’s voluntarily available to the public 3) adoption of the retail CBDC is poor, they’re under pressure to convert to it to manage the crushing debt burden, so just like in 1933 with Gold, they collect all greenbacks within a 2-3 year period and it becomes a felony to hold greenbacks. 4) the public realizes all the problems with a retail CBDC (privacy, security, etc) and seeks out an alternative 5) after some time it’s clear that BTC is the only real alternative to the CBDC, and folks pile in. There are certainly regulatory threats, but that’s why I’m reading CryptoDad (former CFTC head who is pro-Bitcoin) right now to learn how this could all play out nicely. When he really gets there like I did, he’ll feel like the world was round and was living amongst flat earth earthers. This is just one scenario - but the fundamentals are there regardless, it’s just a matter of timing. The government could be more forthright about the debt ceiling and orchestrate a civilized debt jubilee that would spread across the world - but that seems less likely than ‘slipping’ into a retail CBDC system and not being able to climb out once we’re moving down that slippery slope (we have started already btw https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221104) Cheers. Hodl.
I like Saifs contrarian attitude generally but find his denial of climate change goes a little too far. I found TFS harder to read or accept to conclusions of then TBS...but both are still excellent if sometimes challenging, books.
When a gun is pointed to your head will you defy the centralised authority or surrender. I have read history extensively, including the Opium Wars which you appear ignorant of, have read TBS and agree with a lot of it, but not all. Victory is possible for Bitcoin, but not guaranteed.
Oh man... Don't tell me you're a Philly fan! I forgot who mentioned this on TBS it was either Curtis Granderson or Bob Costa but went the Astros are like New England was after Deflate-gate they still just keep winning even with massive turnover :P
I also disagree with most of her reasonings. I was just using this review since it also mentioned factual inaccuracies in TBS which are orthogonal to the whole bitcoin debate.
> She's also the absolute moron that claimed that "bitcoin is not scarce because you can divide it into arbitrarily small units". Everyone on twitter comes across as an idiot at some point. After those tweets she went on the *What Bitcoin Did* podcast and clarified that what she meant was more nuanced: divisibility increases liquidity which prevents market participants from getting priced out which increases the number of people that can have some of it. That is what she meant by " scarcity ". They go on to argue about the semantics of scarcity vs finiteness. Her choice of words can arguably be semantically wrong but she had a valid point to make about divisibility correlating with liquidity. > I skimmed the article you posted. I think most of her "arguments" can be easily refuted. I was not talking about her anti-bitcoin arguments, those you are right about. I also disagree with them and they can easily be refuted. I was talking about the bits where she points out actual factual errors in TBS, stuff you can independently check. It does not make the main point of the book wrong, and Bitcoin itself does not care parts of the book are wrong. My point is there are much better bitcoin books that have higher factual standards.
I agree with some of her criticism especially the vehemence with which TBS attacks Keynes but her review also makes a few arguments which IMO fail to understand the Bitcoin paradigm for example the idea that Bitcoin enables a populace with savings which can then be invested- this might not be accurate now but longer term if the system stabilises and gains form hodling are only at about the rate of general economic growth then a population with strong liquid savings would have incentive to invest in any opportunity with a good chance of exceeding the general rate of economic growth- contrast this with how fiat is based on issuance of debt based capital and inflation, debasing savings and driving growth in debt. Also in The Fiat Standard Ammous does somewhat correct his criticism of fiat money explaining how and why fiat money made sense to some extent- and this could be taken as a mild backtracking on the strong anti Keynes approach in TBS. Bitcoin has certainly provoked much needed debate on the monetary system.
The Denarius is a huge part of The Bitcoin Standard, and this is /r/bitcoin. I'd bet most people here learned about the Denarius from reading TBS.
Cardano, it’s not the fastest, no the most decentralised, no the safest.. TBS is very slow, nothing with value is build on Ada… don’t have oracles, HRA, on-chain governance, Inter chain, interporality, privacy, slashing, etc … I am not against the project but it’s the most overhyped project on crypto, it has 20B MC when its real value is around 200-300m MC… it could be one of the biggest trap after shib Ada how it is now it could be a good project 5-7 years ago, but not nowadays
Cardano, it’s not the fastest, no the most decentralised, no the safest.. TBS is very slow, nothing with value is build on Ada… don’t have oracles, HRA, on-chain governance, Inter chain, interporality, privacy, slashing, etc … I am not against the project but it’s the most overhyped project on crypto, it has 20B MC when its real value is around 200-300m MC… it could be one of the biggest trap after shib Ada how it is now it could be a good project 5-7 years ago, but not nowadays
Cardano, it’s not the fastest, no the most decentralised, no the more safe.. it doesn’t have interporality, TBS is very slow, nothing with value is build on Ada, etc … I am not against the project but it’s the most overhyped project on crypto, it has 20B MC when it’s real value is around 200-300m MC… it could be one of the biggest trap after shib
A lolguy 🤦🏻♂️ great. Shit fanboys (you don’t have any idea about blockchain and etc). What do you know about blockchain? Do you even read what TBS, interporality, block time, fees, nodes, sc, DApps, oracles… it is clear that you are a gambler fanboy