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The Bitcoin Standard: The Decentralized Alternative to Central Banking

The Bitcoin monetary system is powerful, but not everyone gets it. You can. Reskill today with lessons that make learning simple and easy.

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About This Course

Enroll in our Bitcoin Cryptocurrency course to understand the revolutionary Bitcoin monetary system and why it’s changing the future of money.

In this course, explore the history of money from primitive barter to gold, government currencies, and finally, Bitcoin. Learn how Bitcoin, as sound money, shapes economies, fuels innovations, and protects freedom. Discover Bitcoin’s decentralized design, its role as digital hard money, and how it’s a powerful alternative to central banking. 

Skills You’ll Get

  • Understanding Sound Money: Learn the economic principles of hard money, from gold to Bitcoin, and why it matters for stability and growth.
  • Bitcoin’s Monetary Mechanics: Grasp how Bitcoin works as a decentralized, censorship-resistant form of digital cash.
  • Historical Monetary Analysis: Study past monetary systems to see why they failed or succeeded and how Bitcoin compares.
  • Critical Bitcoin Debates: Evaluate common objections (energy use, scalability, regulation) with fact-based reasoning.
  • Financial Sovereignty: Discover how Bitcoin empowers individuals by separating money from government control.
  • Future of Finance: Anticipate Bitcoin’s economic, political, and social impact as global adoption grows.
Download Course Outline

1

Money

2

Primitive Moneys

3

Monetary Metals

  • Why Gold?
  • Roman Golden Age and Decline
  • Byzantium and the Bezant
  • The Renaissance
  • La Belle Époque
4

Government Money

  • Monetary Nationalism and the End of the Free World
  • The Interwar Era
  • World War II and Bretton Woods
  • Government Money's Track Record
5

Money and Time Preference

  • Monetary Inflation
  • Saving and Capital Accumulation
  • Innovations: “Zero to One” versus “One to Many”
  • Artistic Flourishing
6

Capitalism's Information System

  • Capital Market Socialism
  • Business Cycles and Financial Crises
  • Sound Basis for Trade
7

Sound Money and Individual Freedom

  • Should Government Manage the Money Supply?
  • Unsound Money and Perpetual War
  • Limited versus Omnipotent Government
  • The Bezzle
8

Digital Money

  • Bitcoin as Digital Cash
  • Supply, Value, and Transactions
  • Appendix to Lesson 8
9

What Is Bitcoin Good For?

  • Store of Value
  • Individual Sovereignty
  • International and Online Settlement
  • Global Unit of Account
10

Bitcoin Questions

  • Is Bitcoin Mining a Waste?
  • Out of Control: Why Nobody Can Change Bitcoin
  • Antifragility
  • Can Bitcoin Scale?
  • Is Bitcoin for Criminals?
  • How to Kill Bitcoin: A Beginners' Guide
  • Altcoins
  • Blockchain Technology11

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In Bitcoin economics, specialization refers to the division of roles within the Bitcoin ecosystem, where participants focus on specific functions such as mining, development, trading, or providing services.

This mirrors traditional economic specialization, enhancing efficiency and innovation. For instance, miners specialize in securing the network and processing transactions, while developers focus on improving the protocol. This decentralized specialization is a cornerstone of Bitcoin's resilience and growth.

As of May 14, 2025, the price of 1 Bitcoin is approximately $103,397 USD.

Bitcoin cryptocurrency operates on a decentralized network, meaning no single entity controls it. Decisions are made through consensus among users, miners, and developers. While developers can propose changes, they cannot enforce them without a network-wide agreement.

This decentralized structure contrasts sharply with traditional financial systems, where central banks exert significant control over monetary policy. The dynamic between bitcoin and central banking highlights the shift towards decentralized financial systems, challenging conventional monetary authorities.

There are several ways to earn Bitcoin:

  • Mining: Using specialized hardware to validate transactions and secure the network, earning Bitcoin rewards.
  • Trading: Buying and selling Bitcoin on exchanges to profit from price fluctuations.
  • Earning Interest: Depositing Bitcoin into platforms like FreeBitco.in to earn annual interest.
  • Play-to-Earn Games: Participating in games that reward players with Bitcoin. 
  • Educational Platforms: Completing courses or quizzes on platforms like Coinbase to earn small amounts of Bitcoin. 

These methods cater to different skill sets and investment levels, allowing individuals to engage with Bitcoin in various ways.  

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