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 Twitter: https://twitter.com/Breedlove22 LinkedIn: https://www.linkedin.com/in/breedlove22/ Instagram: https://www.instagram.com/breedlove_22/ Medium: https://breedlove22.medium.com/ All My Current Work: https://linktr.ee/breedlove22​ CONTRIBUTE Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true