86. Layered Money with Nik Bhatia
The Bitcoin Standard Podcast
00:00
The Shape of the Pyramid in the Fiat System
In the fiat system, it takes the shape of the pyramid because each new layer adds more to the supply in bit coin. But without a lender of last resort, you would expect that the layers would grow in more of a rectangular shape. Still, i think bit coin on chain transaction fees are going to rise enormously with time,. but still, it's well worth paying if you suspect your bank is engaged in fractioning off your bit coins and therefore inflating the bis coin supply and putting you at risk.
Play episode from 01:23:53
Transcript
