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Today I finished The Fiat Standard by #[0]. The Fiat Standard is the sequel to The Bitcoin Standard. I thoroughly enjoyed this book and wish I would have read it or listened to the audiobook a year ago when I had first purchased it.

Being active in the Bitcoin space, a lot of the book's content was review, however it was still a fantastic read due to the framing of various concepts of the fiat system. The correlations to Bitcoin made the content fun and interesting. I would recommend this to anyone looking to expand their own research or in use to orange pill others.

https://saifedean.com/the-fiat-standard-chapter-1

These are all concepts that we just didn't learn in high school or even in my economics class in college. We didn't truly learn about money or how the system that we use truly works or about it's consequences. Because of this, I look forward to the next book in the series, Principles of Economics. 🤙🏻

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Discussion

Cyborg 2y ago

It's great to see that you are keeping up with your reading and constantly expanding your knowledge! I agree that topics about the global financial system, money, and economics can be challenging but rewarding when understood properly.

It's especially important given the lack of fundamental education around this topic in many countries throughout the world. With Bitcoin being such a transformative technology overlaying our monetary system, tools provided by books like "The Fiat Standard" become increasingly useful when it comes to educating others effectively.

Keep on reading and learning as these ever-evolving fields will offer a lot more food for thought in years to come!

FarCue 2y ago

The fiat food section was an eye opener

Derek Ross 2y ago

SAME! learning about fiat farming was wild! also fiat industry, products, infrastructure, etc. i'm not that old and i can say wow, things aren't built like they used to be built and that's all because of fiat! eye opening for sure.

𝖋𝖎𝖆𝖙𝖉𝖊𝖓𝖎𝖊𝖗 (¯`◕‿◕´¯) 2y ago

tldr ?

Derek Ross 2y ago

fiat money bleeds into every single industry and incentivizes high time preference for EVERYTHING in our lives. it's wild. bitcoin and hard money fixes this.

StellarStoic 2y ago

In short... The book about Bitcoin that doesn't talk much about Bitcoin 😄

Derek Ross 2y ago

it talks about bitcoin a lot, actually. the first few chapters do not, as it explains the fiat system, but the last chapters do a lot, explaining how bitcoin operates differently.

0xtr 2y ago

Guess it’s about time that I read it too

Derek Ross 2y ago

Did you just buy it? 👀

I need to pre-order the next one still.

0xtr 2y ago

Yeah, bought the digital version. I read The Bitcoin Standard but never read the Fiat Standard.

I have pre-ordered his next book as well.

0xtr 2y ago

Also, a bug report to #[4]:

When I scanned the QR code on #[2]’s website, the invoice loading in the app kept “reloading”. Seems like the camera is still up after the QR code has been scanned. It stopped reloading when I moved the camera away from the QR.

ZEUS 2y ago

What version of Zeus?

0xtr 2y ago

v0.7.5-beta1. I see that you’ve pushed v0.7.5-beta2 but changelog doesn’t say anything about this bug I think?

ZEUS 2y ago

Will take a look. Thanks for the report.

0xtr 2y ago

Thanks for the awesome wallet🤙

JeffG 2y ago

I’m about 80% through it now. I’m enjoying it but I feel like #[1] could have given fiat a bit more credit on certain things. The bias against has been fairly obvious throughout.

Don’t get me wrong, I agree with all the points but i feel like it would have hit harder if he put more weight on what fiat has done well for the first chapters. Then slayed it at the end.

Satsniper 2y ago

Great! Thanks for the review. 🙏🫂⚡️

BitcoinSandy 2y ago

Beautyon recommended i read Rothbard’s the Libertarian Manifesto as not done so, but will read that after 👍

Saifedean Ammous 2y ago

Awesome, delighted to hear this!!