Review: “Layered Money” By Nik Bhatia
“Those willing to accept bills and other forms of deferred settlement demonstrate to us that money is fundamentally hierarchical. If a merchant demanded gold payment upfront for the delivery of goods, it was his right to do so. But if another merchant accepted a bill that represented a promise to pay gold later, his willingness to defer final settlement is proof alone that the layers of money are not a construct of bankers but immanent in the human tendency to keep tabs with each other.” Nik Bhatia, “Layered Money: From Gold And Dollars To Bitcoin And Central Bank Digital Currencies” With....
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Creditbit is one of the faster growing cryptocurrencies and has also been tagged as the ‘Future of Money’. Creditbit was launched in 2015 with the aim of revolutionising the monetary system. It works on the decentralised model like various other digital currency platforms and hopes to make banking and financial services over the blockchain available to every individual on the planet. Creditbit is one of the faster growing cryptocurrencies and has also been tagged as the ‘Future of Money’. Creditbit is the cryptocurrency of the new age as it will not only be implemented on Ethereum platform....
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