In this story, the Wright brothers built a P2P airplane system to settle gold.
The Gold Standard will be out on November 14 and can now be pre-ordered.
Saifedean Ammous, the famous author of the book “The Bitcoin Pattern”, announced that the publication of his latest book: “The Gold Pattern” is approaching (The Gold Standard). This will be released on November 14 and can now be pre-ordered from its author website.
The writer characterizes this book as an alternative story “that is one-third history, one-third novel, and one-third economic analysis.” Ammous, well-known author of best sellers about financial literature where bitcoin has a leading roleanswers the following questions in “The Gold Standard”:
- What would the 20th century have been like with the gold standard?
- What would have become of the State without its money printer?
- What would have happened to prices, wages, living standards, capital markets, politics, energy production, technology and education?
This uchronia (fictionalized version where the story took a different path) begins around 1911, when French aviation pioneer Louis Blériot associates with the Wright brothers (Wilbur and Orville) to build Blériot Transport Corporation (BTC), a decentralized aircraft-based peer-to-peer (P2P) gold settlement network.
This network offered Europeans the ability to escape the warlike inflation of central banks by exporting their wealth to neutral countries, “triggering a global financial panic that bankrupts the world’s major central banks and destroys their currencies. “World War II comes to an abrupt end, and the fiat money experiment is strangled in its cradle,” summarizes the description of The Gold Standard.
After the failure of fiat money in this story, a new world monetary order emerges:
A new world order emerges around a decentralized, free-market gold standard, and a completely different 20th century unfolds. Saving in hard money makes capital abundant and cheap, accelerating technological progress and increasing energy production. The disappearance of central banking and the emergence of a free market in banking forces banks to be safer and more responsible. Governments become responsible service providers, while their citizens become customers who expect, and receive, better service at a lower cost year after year.
Saifedean Ammous, author of “The Bitcoin Pattern.”
Only one third of the story will be fictionalized, so the remaining two thirds of The Gold Standard They would contain information on macroeconomics, real history and monetary policy.
The author of The Bitcoin Pattern is also known for advising El Salvador on economics and bitcoinas reported by CriptoNoticias.
This book on the gold standard comes at a time when a relative (and possibly temporary) disparity is emerging between the price of the precious metal and that of bitcoin. International markets have seen gold retake, or reaffirm, the throne of safe haven asset, while bitcoin apparently continues in the process of succession to the crown.
Some analysts emphasize that this process is normal, and that Bitcoin, sooner rather than later, will be able to overthrow gold in its global reserve position. CriptoNoticias wrote about the topic in its latest editorial.