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3min chapter
WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
The First Stock Exchange in Antwerp
In 15 31, we had the first place ever that blls of exchange issuers could come and meet. And so te whole bring it back to the book here, we all these things just dissipate transaction costs. I even the interna dissipated the transaction costs associated with information. Just communicate much more with much less friction. Now bitcoin's doing the same thing for commercial value. Effectively, we just can move value withmuch less friction. This is a problem, as your book explores, thiss as old as humanity itself.
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