BLACK & WHITE VERSION Peercoin (PPC) is a decentralised cryptocurrency similar to Bitcoin. It was the first cryptocurrency to introduce a new form of timestamping (proof of stake) that allows users of the wallet to receive a 1% rate of return on their holdings per year. This book is a detailed history of the first year of Peercoin up to the 19th of August 2013 (the time at which the blockchain had been usable for one year by the general public).
Between 1958 and 1962, China descended into hell. Mao Zedong threw his country into a frenzy with the Great Leap Forward, an attempt to catch up and overtake Britain in less than 15 years. The experiment ended in the greatest catastrophe the country had ever known, destroying tens of millions of lives. Access to Communist Party archives has long been denied to all but the most loyal historians, but now a new law has opened up thousands of central and provincial documents that fundamentally change the way one can study the Maoist era. Frank Dikotter's astonishing, riveting and magnificently detailed book chronicles an era in Chinese history much speculated about but never before fully documented. Dikotter shows that instead of lifting the country among the world's superpowers and proving the power of communism, as Mao imagined, in reality the Great Leap Forward was a giant - and disastrous - step in the opposite direction. He demonstrates, as nobody has before, that under this initiative the country became the site not only of one of the most deadly mass killings of human history (at least 45 million people were worked, starved or beaten to death) but also the greatest demolition of real estate - and catastrophe for the natural environment - in human history, as up to a third of all housing was turned to rubble and the land savaged in the maniacal pursuit of steel and other industrial accomplishments. Piecing together both the vicious machinations in the corridors of power and the everyday experiences of ordinary people, Dikotter at last gives voice to the dead and disenfranchised. Exhaustively researched and brilliantly written, this magisterial, groundbreaking account definitively recasts the history of the People's Republic of China.
Early in the year 1789 the French nation found itself in deep financial embarrassment; and this was speedily followed by calls for an issue of paper money. By August 1, 1795, some six years later, the gold 25 francs coin was worth in paper, 920 francs; on September 1st, 1,200 francs; on November 1st, 2,600 francs; on December 1st, 3,050 francs. In February, 1796, it was worth 7,200 francs or one franc in gold was worth 288 francs in paper. Prices of all commodities went up nearly in proportion. This story, of how a first world nation turned to paper money and destroyed itself, its people and its economy in the process, even arguably setting in motion the rise to power of Napoleon Bonaparte, is told in this book by Andrew Dickson White, academic, ambassador and author. As ever, history remains our best guide of what the future holds, and, considering our Fiat money system today, sounds a warning call that should be heeded.
Ludwig von Mises is to economics what Albert Einstein is to physics, and Human Action is his greatest work. It is a systematic study that covers every major topic in the science of economics. It is also one of the most convincing indictments of socialism and statism ever penned. When it first appeared in English in 1949, it was a sensation, the largest and most scientific defense of human freedom ever published, igniting an eruption of critical acclaim. For instance, Rose Wilder Lane wrote, "I think Human Action is unquestionably the most powerful product of the human mind in our time, and I believe it will change human life for the better during the coming centuries as profoundly as Marxism has changed all of our lives for the worse in this century." Henry Hazlitt wrote, "It should become the leading text of anyone who believes in freedom, in individualism and in a free market economy." The acclaim has not ceased, and the book is universally recognized as a classic in the field of modern economics.
[Read by William Hughes] An unimpeachable classic work in political philosophy, intellectual and cultural history, and economics, The Road to Serfdom has inspired and infuriated politicians, scholars, and general readers for half a century. Originally published in 1944 -- when Eleanor Roosevelt supported the efforts of Stalin, and Albert Einstein subscribed lock, stock, and barrel to the socialist program -- The Road to Serfdom was seen as heretical for its passionate warning against the dangers of state control over the means of production. For F. A. Hayek, the collectivist idea of empowering government with increasing economic control would lead not to a utopia but to the horrors of Nazi Germany and Fascist Italy. First published by the University of Chicago Press on September 18, 1944, The Road to Serfdom garnered immediate, widespread attention. The first printing of 2,000 copies was exhausted instantly, and within six months more than 30,000 books were sold. In April 1945, Reader's Digest published a condensed version of the book, and soon thereafter the Book-of-the-Month Club distributed this edition to more than 600,000 readers. A perennial bestseller, the book has sold 400,000 copies in the United States alone and has been translated into more than twenty languages, along the way becoming one of the most important and influential books of the century. With this new edition, The Road to Serfdom takes its place in the series The Collected Works of F. A. Hayek. The volume includes a foreword by series editor and leading Hayek scholar Bruce Caldwell explaining the book's origins and publishing history and assessing common misinterpretations of Hayek's thought. Caldwell has also standardized and corrected Hayek's references and added helpful new explanatory notes. Supplemented with an appendix of related materials ranging from prepublication reports on the initial manuscript to forewords to earlier editions by John Chamberlain, Milton Friedman, and Hayek himself, this new edition of The Road to Serfdom is be the definitive version of Hayek's enduring masterwork.
This is the first genuine etymological dictionary of Old Chinese written in any language. As such, it constitutes a milestone in research on the evolution of the Sinitic language group. Whereas previous studies have emphasized the structure of the Chinese characters, this pathbreaking dictionary places primary emphasis on the sounds and meanings of Sinitic roots. Based on more than three decades of intensive investigation in primary and secondary sources, this completely new dictionary places Old Chinese squarely within the Sino-Tibetan language family (including close consideration of numerous Tiberto-Burman languages), while paying due regard to other language families such as Austroasiatic, Miao-Yao (Hmong-Mien), and Kam-Tai. Designed for use by nonspecialists and specialists alike, the dictionary is highly accessible, being arranged in alphabetical order and possessed of numerous innovative lexicographical features. Each entry offers one or more possible etymologies as well as reconstructed pronunciations and other relevant data. Words that are morphologically related are grouped together into "word families" that attempt to make explicit the derivational or other etymological processes that relate them. The dictionary is preceded by a substantive and significant introduction that outlines the author’s views on the linguistic position of Chinese within Asia and details the phonological and morphological properties, to the degree they are known, of the earliest stages of the Chinese language and its ancestor. This introduction, because it both summarizes and synthesizes earlier work and makes several original contributions, functions as a useful reference work all on its own.
Bestselling author Michael Maloney makes a compelling case that the greatest opportunity of this generation to build and protect your wealth is here. The rocket fuel for any bull market, and the tinder for a bear one, are the economic and political conditions of the day... And Mike shows today is like never before. The magnitude of the potential gains become obvious when you compare today's conditions to the precious metals bull market of the 1970s. In the '70s gold rose more than 25 times its original price, and silver more than 41 times. Today there are approximately twice as many ounces of gold available for investors to buy, but globally, there are also: * 18 times more people that can access, and legally buy, precious metals. * 55 times more currency. * 56 times more millionaires. * 200 times more billionaires. * 220 times more available consumer credit. * 49 times greater global stock market cap. * And that's just the tip of the iceberg. While stocks, real estate, crypto, bonds, and nearly every major asset class have boomed, gold and silver have been largely ignored, and are now among the world's last, and most, undervalued assets. But a shift is underway. The coming flight to safety will be staggering... and gold and silver will be the big winners. After accurately predicting the crisis of 2008, Mike now presents unassailable data that an even greater crisis is coming. As you turn the pages, you'll understand the enormity of it, that we have passed an economic point of no return, and that there is no avoiding it. The old 'normal' is just not coming back. The Great Gold and Silver Rush of the 21st-Century provides a roadmap for navigating the coming economic storm. The knowledge it contains will help you protect yourself, your family, and your assets through the turbulent times ahead. Most will be devastated, many will be totally ruined, but those few who are prepared can massively increase their wealth.
A Comprehensive Overview of the Past, Present, and Future of Money Broken Money explores the history of money through the lens of technology. Politics can affect things temporarily and locally, but technology is what drives things forward globally and permanently. The book's goal is for the reader to walk away with a deep understanding of money and monetary history, both in terms of theoretical foundations and in terms of practical implications. From shells to gold, from papyrus bills of exchange to central banks, and from the invention of the telegraph to the creation of Bitcoin, Lyn Alden walks the reader through the emergence of new technologies that have shaped what we use as money over the ages. And beyond that, Alden explores the concept of what money is at its very foundation to give the reader a framework to analyze and compare different types of monetary technologies and monetary theories. The book also takes a distinctively human look at how money impacts the lives of real people, and how new monetary technologies shape the power structures within society. In the modern era, energy abundance and technological enhancements have broadly improved human well-being, but the global monetary system has been slow to keep up. There are over 160 active currencies in the world, each with a local monopoly over its own country, and with little or no acceptance elsewhere. Many of them are rapidly diluted, which continually devalues the savings and the wages of the billions of people who live and work within those jurisdictions. Being born in the "wrong" country makes saving money far harder than it needs to be. Nigeria has a population of over 200 million people and has averaged 13% annualized inflation over the past decade. Egypt cut its currency in half relative to the dollar twice over the past decade, which instantly devalued the savings and wages of its 100 million citizens. Dozens of countries have experienced at least triple-digit year-over-year inflation within the past four decades, including Brazil that outright hyperinflated in the 1990s while it was the fifth most populous country in the world. Europe and Japan had $18 trillion worth of negative-yielding bonds in 2019, right before a wave of inflation wiped their purchasing power away. In 2021, the chairman of the U.S. Federal Reserve dismissed the idea that the sharp rise in the money supply from the pandemic stimulus would lead to price inflation. By 2022, as major inflation emerged, the chairman rapidly changed his outlook and tightened monetary policy so quickly that it led to the failure of some of the largest banks in the country. How did we get to this point? Why isn't our money better than this in the 21st century? Broken Money answers these questions by examining the current mix of technology that has led to these limitations, and then explores emerging technologies that may be able to provide us with a monetary system that is fit for the modern era.
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.
This is the FIRST EDITION, for the SECOND EDITION, click on See all formats and editions. Have you, like the rest of the world, speculated as to the identity of Satoshi Nakamoto, anonymous creator of Bitcoin? The world’s first cryptocurrency, Bitcoin went online in 2009 and has since revolutionized our concepts of currency and money. Not supported by any government or central bank, completely electronic, Bitcoin is a virtual currency based on advanced cryptographic systems. Like the currency he created, the identity of Bitcoin’s creator Satoshi Nakamoto is virtual, existing only online. The Nakamoto persona, which may represent an individual or a group, exists only in the online publications that introduced and explained Bitcoin during its earliest days. Here, collected and professionally published for the first time are the essential writings that detail Bitcoin’s creation. Included are * Satoshi Nakamoto Emails and Posts on Computer Forums Presented in Chronological Order * Bitcoin Fundamentals Presented in Layman’s Terms * Bitcoin’s Potential and Profound Economic Implications * The Seminal Paper Which Started It All The Book of Satoshi provides a convenient way to parse through what Bitcoin’s creator wrote over the span of the two years that constituted his “public life" before he disappeared from the Internet ... at least under the name Satoshi Nakamoto. Beginning on November 1st 2009 with the publication of the seminal paper describing Bitcoin, this public life ends at about the time PC World speculated as to a possible link between Bitcoin and WikiLeaks, the infamous website that publishes leaked classified materials. Was there a connection? You be the judge. Nakamoto’s true identity may never be known. Therefore the writings reproduced here are probably all the world will ever hear from him concerning Bitcoin’s creation, workings, and theoretical basis. Want to learn more about Bitcoin? Go directly to the source—the writings of the creator himself, Satoshi Nakamoto!
Bitcoin is one of the most transformative technologies in history, but at the same time it's dismissed as useless or only seen as a speculative vehicle. Why Cryptocurrencies? will dispel that myth by exploring real use-cases and show how cryptocurrencies are uniquely positioned to revolutionize the way we use money today. Can you afford to miss out? What makes this book special? * Gives you the important conceptual ideas. It's all too easy to get bogged down with technical details; the high-level concepts are what's truly important. * Easy to read. The book is beginner-friendly and doesn't require any prior knowledge. * Focused on utility. The focus is on concrete use-cases, instead of the more seductive speculative approach. * It's bigger than Bitcoin. There are many more cryptocurrencies other than Bitcoin. The focus is on the general cryptocurrency concept and it's potential, instead of on a single implementation. * Visits a wide variety of topics. This isn't only about cryptocurrencies. It's also about money, censorship, our financial system, and the dark secrets that Chelsea Manning and Edward Snowden revealed. * The order doesn't matter. Chapters are self-contained, so you can jump around and read the sections you're interested in.
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