Do you think you know something about Bitcoin and Austrian Economics? If so you may be ready for Cryptoeconomics. This is not a work for the uninitiated. The content is dense – it does not repeat itself. It is not a contribution to the echo chamber, will not show you how to set up a wallet, the future price, or what to do. Cryptoeconomics applies rational economic principles to Bitcoin, demonstrating flaws and unnecessary complexities in them, and in common understandings of Bitcoin. It will improve your understanding of both. Bitcoin requires a new, rigorous, and comprehensive discipline. This is it. Bitcoin is something new. It seems to defy understanding. Has there ever been a fixed supply money? Is there another case of production cost varying directly with product price? Is there anything else with a competitive yet fixed rate of transactability? To see past the hype, understand the value proposition, security model, and economic behavior, this may be your only source. Bitcoin is economics, technology, and security. Without incorporating all of these aspects, errors will be made. Economists, technologists, security experts, and even numerologists have attempted to explain it. Each brings a limited perspective, failing to incorporate essential aspects. The author found himself uniquely qualified to integrate them. His work in Bitcoin began with a hardware wallet. He spent a year analyzing threats, working with electronics design, hardware exploitation, and state surveillance experts. He chose the Libbitcoin software library, as Satoshi’s prototype was not factored for development and was largely financed by the Bitcoin Foundation, a corporate consortium. He later dedicated himself to Libbitcoin, eventually writing or editing all of its ~500,000 lines of code. Few have comparable experience with such a comprehensive Bitcoin stack. As a combat-experienced fighter pilot in the U.S. Navy he experienced state threats. He became a highly-qualified Strike Fighter Tactics Instructor, in which his primary role was tactics analysis and threat presentation. He also advised for the Navy on the Strike Fighter Training System network, Joint Strike Fighter, early GPS weapons, and F/A-18 systems. His understanding of the physical nature of all security was enhanced by decades of training in Japanese martial arts, achieving black belt rankings in five disciplines. His degree and experience in computer science mixed with extensive business experience, founding several companies. He has worked at IBM and as a Principle Architect at Microsoft, two of the world’s largest companies. The latter purchased his first startup, and his second was acquired by Veritas Capital. He was awarded three related U.S. patents. Eventually he became an angel investor, sharing his experience with other entrepreneurs. As CTO of his first company he published three computer security advisories via Computer Emergency Response Team. Each was derived entirely from his reading of user documentation. Later he earned a seat on the DHS Open Vulnerability Assessment Language advisory board for his work on software patching. In recent years he uncovered material security flaws in each of the first three iterations of a popular “secure element” hardware wallet, again from review of user documentation. Thirty years of self-study in free market economics was reinforced by extensive global travel. In visiting over 80 countries he has interacted with people on five continents. Still often traveling on a motorcycle with only a shoulder bag, he obtains intimate understanding of global economic realities. From Zimbabwean black market currency traders, to Tanzanian coffee pickers, Venezuelan refugees, Mongolian shepherds, Okinawan jazz musicians, Lao monks, etc. – the world is not as often presented. The ability to integrate these diverse and relevant experiences led to Cryptoeconomics. This is your next stop.
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Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Now in a striking new hardcover edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. PRAISE FOR FOOLED BY RANDOMNESS: Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.” –Malcolm Gladwell, author of Blink “The book that rolled down Wall Street like a hand grenade.” –Maggie Mahar, author of Bull! A History of the Boom, 1982—1999 “Fascinating . . . Taleb will grab you.” –Peter L. Bernstein, author of Capital Ideas Evolving “Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.” –Michael Schrage, author of Serious Play: How the World’s Best Companies Simulate to Innovate “We need a book like this. . . . Fun to read, refreshingly independent-minded.” –Robert J. Shiller, author of Irrational Exuberance “Powerful . . . loaded with crackling little insights [and] extreme brilliance.” –National Review
Economist Bryan Caplan makes a bold case for unrestricted immigration in this fact-filled graphic nonfiction. American policy-makers have long been locked in a heated battle over whether, how many, and what kind of immigrants to allow to live and work in the country. Those in favor of welcoming more immigrants often cite humanitarian reasons, while those in favor of more restrictive laws argue the need to protect native citizens. But economist Bryan Caplan adds a new, compelling perspective to the immigration debate: He argues that opening all borders could eliminate absolute poverty worldwide and usher in a booming worldwide economy―greatly benefiting humanity. With a clear and conversational tone, exhaustive research, and vibrant illustrations by Zach Weinersmith, Open Borders makes the case for unrestricted immigration easy to follow and hard to deny.
Note: The font size of the text in the book is 11.5 pt A penetrating examination of how we live and how to live better A narration of a summer motorcycle trip undertaken by a father and his son, Zen and the Art of Motorcycle Maintenance becomes a personal and philosophical odyssey into fundamental questions on how to live. The narrator's relationship with his son leads to a powerful self-reckoning; the craft of motorcycle maintenance leads to an austerely beautiful process for reconciling science, religion, and humanism. Resonant with the confusions of existence, this classic is a touching and transcendent book of life. This new edition contains an interview with Pirsig and letters and documents detailing how this extraordinary book came to be.
Dave Gingery's complete 7 book Build Your Own Metal Working Shop From Scrap series available in hard back for the first time. This collector's edition has been completely updated and includes additional photos (many never before seen). Build Your Own Metal Working Shop From Scrap is a progressive series of seven projects including, The Charcoal Foundry, The Metal Lathe, The Metal Shaper, The Milling Machine, The Drill Press, The Dividing Head and The Sheet Metal Brake. Beginning with a simple charcoal fired foundry, you produce the castings for building the machine tools to equip your shop. Initially the castings are finished by simple hand methods, but it isn’t long before the developing machines are doing much of the work to produce their own parts. It does not take long to learn the simple craft of pattern-making and sand molding. Each phase of the projects increase your knowledge and skill. There is no need to look for outside help. You can do it all in your own shop. No complicated math----No exotic equipment required----No large cash outlay. Lots of work to be sure, and some of it can be downright tedious, but the reward will be a practical small scale machine shop that you might never give yourself permission to buy, assuming you could afford it.
In responding to the financial crash of 2008, both the Bush Administration and the Obama Administration have relied on prescriptions developed by John Maynard Keynes, the most important economist since Marx. But should we be relying on Keynes? What did Keynes actually say? Did he make his case? Hunter Lewis concludes that he did not. If Keynes was wrong then so are the economic policies of virtually all world governments today.
Some technologies change industries. Others change civilization. Is Bitcoin simply a new form of money—or is it redefining the relationship between individuals, property, and the State? In The Philosophy of Bitcoin, philosopher and legal scholar Álvaro D. María explores the deeper ideas behind one of the most significant technological innovations of the modern era. Rather than focusing on markets or price movements, he examines Bitcoin through the lenses of philosophy, political theory, economics, history, and law, revealing why its greatest impact may extend far beyond finance. Originally published in Spanish to widespread acclaim, this influential work introduced readers to a new way of thinking about Bitcoin: not merely as a digital asset, but as a civilizational innovation capable of transforming institutions, incentives, and the organization of society itself. Inside, you'll explore: • The philosophical foundations of money and property • How Bitcoin challenges traditional ideas about the State and political power • Why technological breakthroughs have historically transformed civilization • The evolution of individual sovereignty in the digital age • New models of cooperation, governance, and social coordination • Why Bitcoin may represent one of the defining innovations of the twenty-first century Drawing on centuries of philosophical thought while remaining firmly grounded in modern economics and technology, D. María makes complex ideas accessible without sacrificing intellectual depth. His work bridges philosophy, law, economics, and political theory into a compelling examination of the ideas reshaping our world. Praised by economists, entrepreneurs, scholars, and Bitcoin pioneers—including Samson Mow, Gabriel Kurman, Prince Philip of Serbia, Javier Bastardo, and Lunaticoin—The Philosophy of Bitcoin has become one of the most respected philosophical works in Bitcoin literature. Whether you're interested in Bitcoin, political philosophy, Austrian economics, law, history, or the future of civilization, this book offers a thoughtful framework for understanding why Bitcoin has become far more than a monetary innovation. A lasting addition to the library of anyone seeking to understand the philosophical foundations of Bitcoin and the future of human freedom.
A renowned economist argues for the importance of property rights in "the most intelligent book yet written about the current challenge of establishing capitalism in the developing world" (Economist) "The hour of capitalism's greatest triumph," writes Hernando de Soto, "is, in the eyes of four-fifths of humanity, its hour of crisis." In The Mystery of Capital, the world-famous Peruvian economist takes up one of the most pressing questions the world faces today: Why do some countries succeed at capitalism while others fail? In strong opposition to the popular view that success is determined by cultural differences, de Soto finds that it actually has everything to do with the legal structure of property and property rights. Every developed nation in the world at one time went through the transformation from predominantly extralegal property arrangements, such as squatting on large estates, to a formal, unified legal property system. In the West we've forgotten that creating this system is what allowed people everywhere to leverage property into wealth. This persuasive book revolutionized our understanding of capital and points the way to a major transformation of the world economy.
No Treason: The Constitution of No Authority is a composition of three essays, all written in 1867: No. 1, No. 2: The Constitution", and No. 6: "The Constitution of no Authority". No essays between No. 2 and No. 6 were ever published under the authorship of Lysander Spooner.
Niccolò Machiavelli’s The Prince is one of the most influential works in the history of political thought and the adjective Machiavellian is well-known and perhaps even over-used. So why does the meaning of the text continue to be debated to the present day? And how does a contemporary reader get to grips with a book full of references to the politics of the early 16th Century? The Routledge Guidebook to Machiavelli’s The Prince provides readers with the historical background, textual analysis, and other relevant information needed for a greater understanding and appreciation of this classic text. This guidebook introduces: * the historical, political and intellectual context in which Machiavelli was working * the key ideas developed by Machiavelli throughout the text and the examples he uses to illustrate them * the relationship of The Prince to The Discourses and Machiavelli’s other works Featuring a timeline, maps and suggestions for further reading throughout, this book is an invaluable guide for anyone who wants to be able to engage more fully with The Prince.