9. Inflation: The Hidden Tax

Chapters in this book

1. Frontmatter i
2. Epigraph v
3. Contents vii
4. Foreword ix
5. Preface xi
6. Acknowledgments xvii
7. Part I: The Framework
8. 1. The Framework 1
9. 2. Bitcoin and Money 18
10. Part II: The Technology
11. 3. The Technology 41
12. 4. Proof-of-Work Versus Proof-of-Stake 67
13. 5. Long-Term Security Budget 77
14. 6. How Do You Kill Bitcoin? 85
15. 7. Once-in-History Invention 97
16. Part III: The Economics
17. 8. Money and the State 109
18. 9. Inflation: The Hidden Tax 125
19. 10. A Store of Value 146
20. 11. Global Adoption 160
21. Part IV: The Politics
22. 12. The Surveillance State 171
23. 13. “Governments Will Ban Bitcoin” 188
24. 14. Law and Regulation 199
25. 15. Bitcoin and Geopolitics 206
26. 16. Bitcoin and the Environment 215
27. Part V: The Philosophy
28. 17. Sovereign Prerogative 225
29. 18. The Cypherpunks 242
30. 19. Time Preference 249
31. 20. Narratives and Memes 258
32. 21. Bitcoin Is a Mirror 265
33. Notes 273
34. Index 297