Discover how blockchain will facilitate a new currency that will transcend space and timeLargely inspired by The Denationalization of Money by Fredrich Hayek, Money Without Boundaries' ideological foundation is also inspired by economists and thought leaders like Milton Friedman and Irving Fisher, advancements in capital markets over the past 50 years, and the convergence of old and new technologies. Author Thomas J. Anderson explains how blockchain acts as the filter and the glue, making it all possible.Compared with other currencies, blockchain-managed money markets are more straightforward and transparent. It is easier to monitor, understand, and assess the quality of their "full-faith and credit." Money Without Boundaries shows how not only money, but also the process of borrowing and lending, will evolve to be conducted in a 100% trusted, secure, transparent, open architecture environment. Anderson begins with a history of money and discusses the rise of cryptocurrency, concluding with a comparison of decentralized money markets to all other alternatives.Money without- Demonstrates how blockchain technology allows full transparency- Explains how blockchain makes it possible for money to be fully commoditized- Explains how this fully market-based, decentralized, self-regulating system has vast implications throughout the global financial system- Shows how everyone will benefit when they have the opportunity to compete on "full faith in credit"If you are interested in cryptocurrency, money, monetary theory, or understanding how the applied uses of blockchain technology will change your everyday life, this is essential reading.
Very interesting book. With all the hype around cryptocurrencies, it is very important to sot and learn the technology behind them (Blockchain) and understand what problems it can/will solve. The book is nicely structured to first point out problems with the current centralized financial systems, and then explain how a decentralized system using cryptocurrencies and the blockchain technology can solve those problems. In particular, I found it very interesting that the book explains how blockchain is getting us closer to a better and healthier financial system introduced by prominent economists of the 19th and 20th century. Overall, I would recommend this book if you’re into blockchain and cryptocurrencies, or if you’re just getting started and want to get a good grasp of what blockchain is and how it can solve many existing problems with our current financial system.
This book explains very easy and straightforward. Even I am not in position of economics and financial skills, I literally understand the point of the book which everyone should know this foundation of the world market.
The book gives extra resources to research and study more on how economics run in the world by Khan education. This is the best way to teach the readers to be more in same page with the writer.
Although the complex explaintion of money is very hard to get to the main point, it is written with concise word that I can google the meaning of the buzzwords even the situation of economic phenomenon.
i would reccomend this book must read towards the era of the new system of finance.