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....
Related News
Nik Bhatia joined "Fed Watch" to discuss his book "Layered Money," how Bitcoin fits into the history of money and CBDCs. The post “Layered Money” With Nik Bhatia appeared first on Bitcoin Magazine.
Nik Bhatia joins the Bitcoin Magazine Podcast to discuss MicroStrategy's recent bond issuance, "Layered Money" and the future of finance. The post Interview: How Bitcoin Works Today And Tomorrow With Nik Bhatia appeared first on Bitcoin Magazine.
Bank of England (BoE) Deputy Governor for Financial Stability has shared her vision for a “multi-money” system that includes stablecoins and other traditional assets in the UK ahead of the upcoming consultation on its crypto policy proposals. Related Reading: US Bancorp Resumes Bitcoin Custody Services After Three-Year Pause – Details BoE Eyes ‘Multi-Money’ System With […]
One of the hosts of NPR’s legendary “Planet Money” takes us on a whirlwind tour of some of the key moments of money history in the last 1,000 years.
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....