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6min chapter
[S3E9] Layered Money with Nik Bhatia
Business Books & Co.
What Is Layered Money?
Nick Boulden's new book is called layered money. He says he was inspired by a 2012 paper written by professor Perry Merling. The Inherent Hierarchy of Money set up a theoretical construct for how gold, currency and deposits were on a three-tiered hierarchy. After reading the paper, Nick started to think about Bitcoin from that same lens.
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