In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a "layered" manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia's analysis begins in Renaissan...

In 1971, the average American could buy a home with just two and a half years of income. Today, it takes more than five. Despite decades of innovation, productivity gains, and an increasingly digital world, real wealth seems harder to attain. If technology is making us more efficient, why are basic necessities becoming less affordable? In Bitcoin Age, best-selling author of Layered Money and USC Marshall School of Business professor Nik Bhatia explores humanity's attempt at creating the pe...

In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard. This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social impli...

We live in an extraordinary time. Technological advances are happening at a rate faster than our ability to understand them, and in a world that moves faster than we can imagine, we cannot afford to stand still. These advances bring efficiency and abundance—and they are profoundly deflationary.Our economic systems were built for a pre-technology era when labour and capital were inextricably linked, an era that counted on growth and inflation, an era where we made money from inefficiency. T...

Have you, like the rest of the world, speculated as to the identity of Satoshi Nakamoto, anonymous creator of Bitcoin? The world's first cryptocurrency, Bitcoin went online in 2009 and has since revolutionized our concepts of currency and money. Not supported by any government or central bank, completely electronic, Bitcoin is a virtual currency based on advanced cryptographic systems. Like the currency he created, the identity of Bitcoin's creator Satoshi Nakamoto is virtual, existing onl...

Principles of Economics is a university-level textbook in economics that offers a clear and concise exploration of the most important economic concepts.This book is unapologetically Austrian in its approach. It tackles major economic concepts and topics independently, but in a logical sequence aimed at delivering the reader an understanding of economics at an individual and societal level, and the widespread implications of economics as a topic. The first part of the book introduce...

The true story of the rise of Ethereum, the second-biggest digital asset in the world, the growth of cryptocurrency, and the future of the internet.Everyone has heard of Bitcoin, but few know about the second largest cryptocurrency, Ethereum, which has been heralded as the "next internet."The story of Ethereum begins with Vitalik Buterin, a supremely gifted nineteen-year-old autodidact who saw the promise of blockchain when the technology was in its earlies...

**The classic history of the political and economic devastation wrought by runaway inflation in Weimar Germany—“**brilliant” (Guardian)In 1923, with its currency effectively worthless (the exchange rate in December of that year was one dollar to 4,200,000,000,000 marks), the German republic was all but reduced to a barter economy. Expensive cigars, artworks, and jewels were routinely exchanged for staples such as bread; a cinema ticket could be bought for ...

A Comprehensive Overview of the Past, Present, and Future of MoneyBroken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications.From...

Discover how you can make money from cryptocurrency - even if you**'re a complete novice**Between 2010 and 2017 The price of Bitcoin rose from $0.07 to over $16,000 - An increase of 22,857,000%!That's the equivalent of buying 1 share of Apple stock today and that very same share being worth an astonishing $38.7 million in just 7 short years.But the Bitcoin ship has sailed right? Aren't the best days of cryptocurrenc...

Murder for hire. Drug trafficking. Embezzlement. Money laundering... These might sound like plot lines of a thriller, but they are true stories from the short history of cryptocurrencies - digital currencies conceived by computer hackers and cryptographers that represent a completely new sort of financial transaction that could soon become mainstream.The most famous - or infamous - cryptocurrency is bitcoin. But look beyond its tarnished reputation and something mu...

Time the price cycles of bitcoin and become richBitcoin has been the best performing asset class of all time—better than gold, silver, real estate, and the stock market. Its value has risen from one tenth of a cent in 2009 to a new high of over $70,000. But misconceptions about its reliability have prevented most people from creating life-changing wealth.Michael Terpin, the founder of BitAngels whom CNBC calls “the Godfather of Crypto," is changing that.