Bitcoin, The Critical Money Layer with Nik Bhatia

SHOW NOTES:
https://www.whatbitcoindid.com/podcast/bitcoin-the-critical-money-layer

Nik Bhatia is Author of Layered Money and founder of TheBitcoinLayer.com. In this interview, we discuss Jeff Snider’s Eurodollar ideas: how all money is credit money; why Bitcoin will be a check, but will not replace, fractional reserve banking; and how Bitcoin will complement the dollar as a generational store of value.

THIS EPISODE’S SPONSORS:

Gemini – https://www.gemini.com/
Wasabi- https://www.wasabiwallet.io/
Ledn – https://www.ledn.io/
Pacific Bitcoin – http://pacificbitcoin.la/
Ledger – https://www.ledger.com/
Texas Blockchain Summit – https://www.texasblockchainsummit.org/
BCB Group – https://hubs.ly/Q011cb730

TIMESTAMPS:

00:00:00 The Bitcoin Layer
00:04:47 The Eurodollar system
00:13:10 Eurodollar reserves and the Triffin dilemma
00:22:31 All money is credit money
00:34:10 Bretton Woods & the gold standard
00:39:34 A desire to return to sound money
00:49:25 Government-driven crisis; moral hazard
01:05:54 Interbank protections since 2008
01:10:47 The Fed’s role; MMT & central planning
01:20:34 Fractional reserve banking & Bitcoin as a check
01:30:29 Bitcoin scarcity vs fiat elasticity; Bitcoin as 1s money layer
01:40:26 Credit systems based on Bitcoin

WHERE TO FIND THE SHOW:

My website: https://www.whatbitcoindid.com/podcast/
iTunes: https://apple.co/2OOlzVV
Spotify: https://spoti.fi/2ygc4W1
Stitcher: https://bit.ly/2IQO8fX
SoundCloud: https://bit.ly/2CGSVQR
YouTube: https://bit.ly/3nyi9Ez
TuneIn: https://bit.ly/2ywystr

LISTEN TO OLD EPISODES:

By guest: https://www.whatbitcoindid.com/guests/
By topic: https://www.whatbitcoindid.com/topics/
Transcriptions: https://www.whatbitcoindid.com/transcriptions/

SUPPORT THE SHOW:

https://www.whatbitcoindid.com/sponsorship/
Become a Patron: https://www.patreon.com/whatbitcoindid/
Subscribe on iTunes
Leave a review on iTunes
Share the show out with your friends and family on social media
Drop me a line on hello@whatbitcoindid.com

WHERE TO FOLLOW ME:

Twitter: https://twitter.com/whatbitcoindid/
Medium: https://medium.com/@whatbitcoindid/
Instagram: http://instagram.com/whatbitcoindid/
Facebook: https://www.facebook.com/whatbitcoindid/
YouTube: https://www.youtube.com/whatbitcoindidpodcast
Website: https://www.whatbitcoindid.com/
Email list: https://www.whatbitcoindid.com/subscribe/

LEARN ABOUT BITCOIN:

Step by Step Guide: https://www.whatbitcoindid.com/beginners-guide
Training: https://www.whatbitcoindid.com/training/
Resources: https://www.whatbitcoindid.com/resources/

#Bitcoin #Finance #Economics

****

“All of that monetary profligacy over the last 10 years put the Fed’s reputation on watch; everybody and their mother knows about the Fed and its willingness to just do QE infinity, and so in a post-pandemic world where they got caught, basically, without a plan, now they have to preserve their reputation.”
— Nik Bhatia

– – – –