bitcoin

our future currency?

Angel Mejia

Ammous, Saifedean. The Bitcoin Standard. The Decentralized Alternative to Central Banking, 2018.

            In this book, Saifedean Ammous makes the case that Bitcoin represents a fundamental shift in how money is produced and utilized, not merely a new type of digital cash. He shows why Bitcoin is a better form of money than conventional fiat currencies because to its decentralized architecture, fixed quantity, and incorruptible ledger technology. He contends that Bitcoin can fundamentally alter how we keep and transfer value because, in contrast to fiat currencies, it cannot be manipulated by governments or central banks to further political goals. Saifedean Ammous holds a Ph.D. in Sustainable Development from Columbia University and works as an economist and professor of economics at the Lebanese American University. He has written academic articles on matters pertaining to monetary economics, and several professionals in the area have given his book favorable reviews. I can use this source to support my thesis and provide strong reasons on future crypto and its benefits in my second body paragraph.

  1. “Bitcoin is the hardest money ever created: a peer-to-peer electronic cash system, capable of replacing central banks as monetary regulators, and serving as a nonpolitical alternative to fiat currency.”
  2. “Bitcoin offers a unique solution to a problem that has plagued humans for centuries: how to ensure that money maintains its value over time.”

Angel Mejia

Angel Mejia

Paul, & Michael. The Age of Cryptocurrency. How Bitcoin and Digital Money Are Challenging the Global Economic Order. St. Martin’s Press. 2015.

            Paul Vigna and Michael J. Casey examine the origins and prospects of cryptocurrencies like Bitcoin in “The Age of Cryptocurrency,” contending that they mark a fundamental change in the way we see money and the economy. The writers go over the economic theories that surround cryptocurrencies, their underlying technology, and the advantages and disadvantages of a decentralized currency system. They look at the difficulties that cryptocurrencies have in their quest for widespread acceptance and credibility in the global economy and The writers who consulted a variety of sources and viewpoints, offer a thorough and fair study of the probable effects of cryptocurrencies on the world economy. “The Age of Cryptocurrency” can be utilized to provide a better understanding of how decentralized currencies can affect the world economy.

  1. “The true value of cryptocurrencies is not just in the money, but in the way they allow people to exchange value and trust each other in a way that is transparent and secure” (p. 217).
  2. “At its core, bitcoin is a way to transfer value without requiring a central authority or intermediary. It is a new kind of decentralized digital currency that is maintained by a network of computers around the world” (p. 3).