If you’ve read both, would you say it’s better to start with Bitcoin standard book or Fiat standard book first?
Discussion
I’d say it depends on the individual reading and what level of BTC and monetary education they have. Personally, I think understanding money first is more important, but many people aren’t willing to commit to that much time learning. The Bitcoin Standard is the best way to orange pill with the least amount of time spent by the individual trying to learn, IMO.
I also think the first seven chapters of The Bitcoin Standard do a good job of explaining money and its history. Certainly good enough for a jumping off point into Bitcoin.
Might not be a bad idea to start with something like Basic Economics by Sowell or the broken window & price mechanism chapters of Economics in One Lesson, and maybe Layered Money. I agree with everything in The Bitcoin Standard & The Fiat Standard, but for normies who lack a proper economic foundation it seems like the conclusions that Saif reaches sometimes feel abrupt & like a bit of a leap for some people. It helps to have enough background to really understand the wide reaching impact of monetary & economic problems
Of course all that kinda depends on how committed someone is to learning about the subject, soo...
Agreed. I wouldn’t recommend The Fiat Standard as a basic Austrian Economics and “what is money?” introduction. Both books you named would be great. My Bitcoin starter pack is The Bitcoin Standard, Layered Money, and Inventing Bitcoin.
Start with the Bitcoin Standard, because the Bitcoin monetary system is easier to understand. The Fiat system is way more complex.