Understanding Bitcoin

Understanding Bitcoin

The Liberty Lover's Guide to the Mechanics and Economics of Crypto-Currencies

By:

Silas Barta,

Robert P. Murphy

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Summary

This book is the one resource that liberty lovers need to learn the essentials of how Bitcoin works, and the economic implications of it. Electronic version can be found at: http://understandingbitcoin.us/

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Technology

As a tool devised by our ingenuity, technology is what has propelled us to becoming the dominant species on Earth despite comparative physical disadvantages. But technology continues to empower those in whose hands it should not be used. From outright war to the underappreciated abuses of mass surveillance, the State has been using technology to strip us of life, liberty and property since the dawn of its existence.

In the age of The American Panopticon, breaches of privacy and security through domestic spying are pervasive. The ability to retaliate through the use of bitcoin, and other crypto-currencies and blockchain solutions, or with tools like Tor, the Dark Net, and further ingenious hacking techniques were brought to us by cypherpunks and other such heroes. Learning the technical skills to disrupt and contribute is best done online. The technology world moves fast and traditional publishers can't keep up. But we have amassed a significant collections of books, nonetheless, on these topics within the pages of Books of Liberty, whether they be "how to", novels or non-fiction books.

A note from the curator: Combining "how to" with technology will also yield some great resources on learning coding or other technical skills. For a full Computer Science course aimed at the homeschooling 11th grader, I would recommend the Ron Paul Curriculum homeschool program. Learning to code would not be the sole reason to homeschool, since it can be done by any interested or entrepreneurial-minded person, but the program’s emphasis on such matters (including how to create and run a blog with Wordpress) shows how comprehensive this course is. I found only great feedback about the full curriculum and openly recommend it. In full disclosure, Books of Liberty gets advertising fees for those who purchase through our links.


Economics

The economics category, as expected, is very well represented within the pages of this site. Of all the economics books, around half are explicitly Austrian Economics texts, and (with a significant overlap) around half discuss monetary theory. You may search specifically for economic treatises or books about economists; you will find historical or theoretical accounts of financial crises; you will stumble upon recent books on crypto-currencies (like bitcoin), books covering topics like income or wealth inequality, as well as more technical subjects like price theory, monopoly, division of labor, public choice theory and others. Additionally, critiques of Keynesian economics are to be found throughout the books in this category.

Of the Austrian Economics books, the largest portion discuss The Austrian Business Cycle and praxeology or human action, but you will find many covering to one degree or another topics like time preference, capital and interest, subjective value, and economic calculation, to name a few.

And for those interested in currency or money, whether sound money or fiat money, you will find books arguing the benefits of the gold standard, debates on inflation and deflation, banking, central banks and the Federal Reserve specifically.

At the heart of the free market system of unregulated, voluntary trade stands capitalism and its emphasis on private property. Unsurprisingly, a large collection of books are available on this subject, many of which outline quite clearly the fundamentals and the outcomes of capitalism, especially in contrast to other economic systems like socialism. Additional related topics, such as free trade, decentralization, risk, uncertainty, and the market process can be found in such books.

A note from the curator: Liberty Classroom provides courses like: Austrian Economics Step by Step, two courses on the History of Economic Thought, and What’s Wrong with Textbook Economics, to name a few. With courses like these, how can you not become a fan of Liberty Classroom? I know I am.

And would you like your homeschoolers to learn economics right the first time around? The Ron Paul Curriculum homeschool program covers 12th grade economics from teachers you can trust. In full disclosure, Books of Liberty will get a small advertising fee for purchases made through our links.