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/GUESTNik's Twitter: https://twitter.com/timevalueofbtcNik's Book: https://www.amazon.com/Layered-Money-Dollars-Bitcoin-Currencies-ebook/dp/B08PS293NTPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:05 NYDIG00:01:22 The Pyramid Scheme: Fiat Currency00:03:52 Layered Money00:14:50 Coins: Money Velocity00:18:10 The Hierarchy of Money00:30:50 Revolution in Mathematics: Fibonacci00:38:30 Counterparty Risk: Bitcoin00:44:30 Suppression of Freedom01:01:20 Scalability: L2 Money01:09:50 Proliferation of Capitalism01:31:10 Alchemy01:45:10 Debt, Fragility, and Volatility01:49:30 Official Monetary Policy: Infinity02:00:01 Bitcoin: Native Money of the Digital Domain02:09:45 Impetus of the Federal Reserve02:27:20 Elasticity and Inflation: L1 v. L202:30:45 Disentanglement of the Euro-Dollar02:54:00 Consequences of Fiat03:03:30 Name of the Game: RenominationSOCIALTwitter: https://twitter.com/Breedlove22LinkedIn: 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/breedlove22CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Patreon: https://www.patreon.com/user?u=32843101&fan_landing=true