THORChain Hangout: EdgeWallet with Paul Puey - THORChain Spaces #163

This book recounts Cathy Freeman's journey from a little girl who loved to run to a world champion athlete. It includes her experiences growing up in a loving family, her relationship with her severely disabled sister who inspired her, and her rise to the top in athletics. The book also touches on the challenges she faced, including racism and personal losses, and how she overcame them through hard work, self-belief, and the support of her family. The narrative is honest and simple, making it relatable to young readers. The book is accompanied by black and white photos, some of which are family shots, adding a personal touch to the story.

In 'The Fiat Standard', Saifedean Ammous delves into the world's transition from the gold standard to the current system of government-backed fiat money. He explains the fiat standard as a feat of engineering and technology, similar to his analysis of bitcoin in 'The Bitcoin Standard'. Ammous outlines the purposes and failures of the fiat standard, deriving its wider economic, political, and social implications. He also examines how bitcoin could affect the fiat system over time, highlighting issues such as inflation, government intervention, and the potential for bitcoin to provide a more stable and salable alternative across space. The book critiques the distortions caused by fiat money in various global markets and suggests that bitcoin could lead to an orderly upgrade of the world's monetary operating system.

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 economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.