WiM026 - Money Hierarchies with Nik Bhatia

Nik Bhatia joins me for a conversation covering the concepts laid out in his book "Layered Money."

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Nik's Twitter: https://twitter.com/timevalueofbtc
Nik's Book: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08PS293NT

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 The Pyramid Scheme: Fiat Currency
00:03:52 Layered Money
00:14:50 Coins: Money Velocity
00:18:10 The Hierarchy of Money
00:30:50 Revolution in Mathematics: Fibonacci
00:38:30 Counterparty Risk: Bitcoin
00:44:30 Suppression of Freedom
01:01:20 Scalability: L2 Money
01:09:50 Proliferation of Capitalism
01:31:10 Alchemy
01:45:10 Debt, Fragility, and Volatility
01:49:30 Official Monetary Policy: Infinity
02:00:01 Bitcoin: Native Money of the Digital Domain
02:09:45 Impetus of the Federal Reserve
02:27:20 Elasticity and Inflation: L1 v. L2
02:30:45 Disentanglement of the Euro-Dollar
02:54:00 Consequences of Fiat
03:03:30 Name of the Game: Renomination

SOCIAL
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WRITTEN WORK
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