SatsAndSports's avatar
SatsAndSports 1 month ago
Reading "The Bitcoin Standard" now. I can't take it very seriously. Gross oversimplification, and no nuance Then this kind of childishness as a pathetic way to take a dig at Keynes πŸ™‚ I'm so glad that I read Lyn Alden's "Broken Money" first, to show me that thoughtful and well-read bitcoiners exist! image

Replies (45)

SatsAndSports's avatar
SatsAndSports 1 month ago
Another oversimplifying rant from The Bitcoin Standard It seems to be one of those books that uses "obvious" to distract from its weaknesses image
Do you have any suggestions for a short piece of writing to introduce Bitcoin to a shop owner? It could briefly explain the history of Bitcoin, why it is a real currency, the philosophical basis behind it, dispel some myths, and explain why it could be really useful for their business. I've looked around a bit but haven't found anything. I think it could be incredibly useful to leave something like this lying around. It would often be better than trying to convince them verbally. /cc @Derek Ross
Yo! If you want a digital version (epub or pdf) I’ll send it to you for a zap. For me to ship physical copies to the US, it needs to be 5 or more (you can pay me directly with bitcoin). Amazon prints and handles the backend so I don’t have to.
I know, I don't actually want to cover the topic exhaustively, but just spark enough curiosity to prompt someone to ask for more information. You can't stop a restaurant owner in the middle of his work for two hours to explain Bitcoin to him, but you can plant a seed by leaving a leaflet and wait for him to ask you for more details.
Yes, a PDF is fine! I usually buy printed books, so I absolutely prefer to skip Amazon and buy the digital version directly from you with the hard money we are talking about. Let me know how much I need to send you.
Kendy's avatar
Kendy 1 month ago
I think Keynes existence was a net harm to humanity. Any quality of dig at him is supported from me.
Yes, I was exactly thinking to something like that! Perhaps wallets, custody, scam alert can be moved to a later exploration, while I would expand "Why we need it". Instead "Debunking FUD" is definitively needed from the start, since many people hear about Bitcoin through it.
I read two chapters, it's really well written, easy to approach and straight to the point! I think your book could be an excellent first step toward gaining a deeper understanding. Thank you again for your helpfulness and kindness.
zoΓ©'s avatar
zoΓ© 1 month ago
i only have a nostr pamphlet ☹️ but a business-focused btc pamphlet seems like a real need! maybe i can work on smthg 🧐 although bitcoin.rocks has a nice section on business too!
Oh yes, I already bookmarked it some time ago when I was researching this topic. Lots of useful information!
Personally I'm not a big fan of bulleted layouts, I prefer a discorsive texts because they "click" better for me. When well done they build a story and so they became more easy to follow and remember. Standard formatted text are also for me more orderly, clear, and graphically appealing. But perhaps I am also biased, because in my work I have seen many people use bullet points because they don't actually know how to write a structured text, and so the first solution is easier. Obviously, this is not your case! :) Anyway, I've only skimmed through your book, and my first impression was very good. I'll try to read a few chapters in full to get a better idea of the overall effect.
SatsAndSports's avatar
SatsAndSports 1 month ago
I kind of agree. And I think most people would accept that knowledge and expertise and wisdom are not the same thing as credentialed formal education But I notice a lot of people, especially on Twitter, use "Keynesian" as a catch-all term for economics they don't like, and I think Ammous is deliberately playing on that and using the reader's ignorance so he can dismiss anything vaguely "left wing" Ammous just makes too many mistakes for my liking. He even made the classic mistake of thinking that Hitler was brought to power due to hyperinflation, when any historian of the time will tell you that Bruning's *deflationary* policies are what hurt the economy and brought Hitler to power I know it seems like I've just changed the subject completely! But all this feeds into the general discomfort I felt with this book from the start. I'm only 25% of the way through, and I'm determined to finish it simply because it's a famous book. But it's not a serious book; too much like (subtle) propaganda
SatsAndSports's avatar
SatsAndSports 1 month ago
and also, looking again at the screenshot which I started this thread with, Ammous basically says that Keynes discarded centuries of scholarship. It's seems like a childish thing to say πŸ™‚
Interesting how differently different people’s brains work! πŸ˜„ In your case then I think my book could serve as a reference source for someone new to bitcoin *after* they have read another more discursive style text book. If you ever do get through more of it, would love to hear any further thoughts. I do think I built a β€˜case’ for bitcoin (though not a β€˜story’ per se), β€˜Why We Need Bitcoin’, and then built upon that. To be honest though it could probably use some further editing as I wrote it in a very free-form style. It flowed out of an email I started writing to explain bitcoin to friends and family πŸ˜‚
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