#014 Nik Bhatia On The Coexistence Of The Dollar And Bitcoin
The Julia La Roche Show
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The Pros and Cons of Credit Money
Geiswan: There are many things that surprised me that I just didn't know about or I frankly like never even thought about as it relates to money. He says credit money is an inherent characteristic of what our society chooses to use and he believes people will always be willing to accept the promise in lieu of the asset if there is some convenience attached to it. The way that we deal with money credit has always been something that has been accepted at its face value because we have this tendency to establish trust systems, Geiswan says.
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