
Layered Money
From Gold and Dollars to Bitcoin and Central Bank Digital Currencies
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Buy Now for $16.99
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Narrated by:
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Guy Swann
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By:
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Nik Bhatia
About this listen
In this fascinating deep dive into the evolution of monetary systems around the globe, Nik Bhatia takes us into the origins of how money has evolved to function in a “layered” manner. Using gold as an example of this term, he traces the layers of this ancient currency from raw mined material, to gold coins, and finally to bank-issued gold certificates. In a groundbreaking manner, Bhatia offers a similar paradigm for the evolution of digital currencies. Bhatia’s analysis begins in Renaissance Florence with the gold Florin coin and a burgeoning banking culture, continues with the evolution of central banking, and concludes with a vision for the future of our international monetary system. As central banks around the world prepare to launch their own crypto-competitors, Bhatia illustrates how the invention of Bitcoin created a seismic shift in money and merged the monetary and cryptography sciences. His unique analysis of “layered money” illuminates money markets for the general reader and shows how Bitcoin is becoming a trusted global currency. Listeners will come away with an understanding of the mechanics of our financial system, why the dollar is deeply entrenched despite its state of disrepair, and how Central Bank Digital Currencies (CBDCs) and cryptocurrencies will interact in our new monetary future.
Nik Bhatia is a financial researcher, CFA charterholder, and adjunct professor of finance and business economics at the University of Southern California Marshall School of Business where he teaches Applied Finance in Fixed Income Securities. Previously, Nik worked the US Treasuries trading desk for a large institutional asset manager and has extensive trading experience in money markets and interest rate futures. After starting his teaching career, Nik felt the urge to bring his research on both the international monetary system and Bitcoin together as one to write the book titled Layered Money: From Gold and Dollars to Bitcoin and Central Bank Digital Currencies. He has a BA in social sciences from University of Southern California and a Master in Finance from IE Business School in Madrid, Spain. Nik lives in Los Angeles, CA, with his wife and young daughter.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2021 Nikhil Bhatia (P)2021 Nikhil Bhatiaessential reding
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Great sound quality, amazing content.
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Life changing perspective shift
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*Chefs kiss*
MUST LISTEN
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However the book is clearly written by someone who believes in only Bitcoin and completely overlooks or purposefully ignores all of the other cryptocurrencies and what they offer.
1) No mention of the alt-coins which you would expect in 2021 when DEFI and other ecosystems are growing exponentially.
2) No mention of Etherium and its smart contracts- however the books focuses upon Bitcoins smart contracts which is strange because I would'nt think that would be worth mentioning. Then there is mention of the lightening network which
3) No mention of DEFI -probably because it is on Etherium which this author seems not think is worth mentioning.
4) No mention of Wrapped Bitcoin which is used as a layer 1 on DEFI on Etherium.
5) No mention of the other cryptocurrencies which are brining about decentralisation.
Basically its a book written by a maxi or a very uninformed person on cryptocurrencies.
Good in the beginning and then very bad
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