The Bitcoin Standard Podcast 266. Bitcoin Age with Nik Bhatia
28 snips
Mar 25, 2025 Nik Bhatia, Founder of The Bitcoin Layer and author of 'Layered Money' and 'Bitcoin Age,' shares insights from his new book. He dives into Bitcoin's evolution over 16 years, addressing its relationship with traditional fiat systems. The conversation illuminates the ideological foundations of Bitcoin, its coexistence with credit systems, and how it empowers savers amid inflation. Bhatia critiques the historical transformation of banking and explores the implications of Bitcoin on the future of investing, highlighting its unique role in today's economic landscape.
AI Snips
Chapters
Books
Transcript
Episode notes
Bitcoin's Role
- Nick Bhatia's book "Bitcoin Age" tells the story of Bitcoin from his perspective.
- He sees Bitcoin as a parallel system coexisting with the dollar, not an immediate replacement.
Credit's Relevance to Bitcoin
- Satoshi Nakamoto's writings suggest credit expansion and bubbles motivated Bitcoin's creation.
- Bhatia focuses on the dollar credit system's history since 1913.
21 Million: Engineering, Not Ideology
- Satoshi may have chosen Bitcoin's 21 million cap out of engineering necessity, not ideology.
- Bitcoin's fixed supply is crucial for its decentralized nature, enabling the game theory to work.
