Largely 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. Money Without Boundaries is aimed at anyone interested in understanding how cryptocurrency and the applied uses of blockchain technology will change the financial system and enhance the lives of billions of people around the world.
In it, author Thomas Anderson explains how blockchain will create a new currency guided by the market forces of supply and demand, transforming the process of buying, borrowing, and lending forever.
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.
Why this book matters:
- 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”
Unlike traditional currencies, such as the dollar, yen, or euro, this currency strives to be a risk-free store of value. And unlike bitcoin, which tethers to a finite number of units, this store of value tethers to zero risk. A privately controlled, market-based currency is not a new concept. But only now do we possess the technology to use theories from some of the greatest economic thinkers in history — Plato, Adam Smith, Irving Fisher, Milton Freidman, and Fredrich Hayek, among others — to transform the we way we think about and use money.
From the history of money and the rise of cryptocurrency to how decentralized money markets compare to all other alternatives, this straightforward, reader-friendly book provides the information needed to connect old ideas of money to the new reality of blockchain technology.
Thomas J. Anderson is the founder and chairman of both Anasova and Supernova Lending. Before he founded Supernova, Tom worked in investment banking and wealth management for Wells Fargo, Deutsche Bank, Merrill Lynch, and Morgan Stanley, where he served as executive director of Morgan Stanley Wealth Management. He is a New York Times bestselling author and acclaimed financial planning expert. Tom’s books have been featured in numerous media outlets around the world.
- Money Without Boundaries
- Written by Thomas J. Anderson
- Published by Wiley
- Paperback Version: £22.99