DOWNLOAD Layered Money Free Epub by Nik Bhatia EBOOK
Nik Bhatia brings us into the origins of how money has evolved to work in a “layered” manner in this fascinating deep dive into the development of monetary systems around the world.
He traces the layers of gold from raw mined material to gold coins, and finally to bank-issued gold certificates, using gold as an example of this concept. Bhatia proposes a similar model for the evolution of digital currencies in a ground-breaking way.
Bhatia’s study starts with the gold Florin coin and a burgeoning banking community in Renaissance Florence, continues with the history of central banking, and ends with a vision for the future of our international monetary system.
Bhatia explains how the invention of Bitcoin produced a seismic change in money and combined the monetary and cryptography sciences, as central banks around the world prepare to launch their own crypto-competitors.
His unique study of “layered money” enlightens the general reader on money markets and demonstrates how Bitcoin is becoming a trusted global currency.
Readers will gain a better understanding of how our financial system works, why the dollar is so entrenched despite its state of disrepair, and how cryptocurrencies and Central Bank Digital Currencies (CBDCs) will interact with our modern monetary future.
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