Tag: book revi

Feb 05 2021

Review: “Layered Money” By Nik Bhatia

Feb 05 2021 Published at Bitcoin Magazine under tags  book revi markets nik bhatia

“Those willing to accept bills and other forms of deferred settlement demonstrate to us that money is fundamentally hierarchical. If a merchant demanded gold payment upfront for the delivery of goods, it was his right to do so. But if another merchant accepted a bill that represented a promise to pay gold later, his willingness to defer final settlement is proof alone that...

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