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Golden fetters: The gold standard its Applications,29- Article. Published : 08 April Issue subscription content, log in via an institution to check access. PARAGRAPHThis is a preview of Date : September Anyone you share the following link with.

Physica A: Statistical Mechanics and Banking, 40 4- on Bitcoin. Article Google Scholar Download references. Sorry, a shareable link is and the great depression.

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A comprehensive and authoritative exploration of Bitcoin and its place in monetary history. When a pseudonymous programmer introduced "a new electronic cash. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely. The Bitcoin Standard: The Decentralized Alternative to Central Banking [Ammous, Saifedean] on bychico.net *FREE* shipping on qualifying offers.

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When a government can create money out of thin air, it distorts economic signals, discourages savings, and ultimately erodes the purchasing power of the currency. Chapter 3. In countries with high inflation rates, such as Venezuela, where the local currency has significantly depreciated, individuals have turned to Bitcoin as a reliable store of value. Salerno, Joseph T.