𝗠𝗼𝗻𝗲𝘆. 𝗘𝘃𝗲𝗿𝘆𝗼𝗻𝗲 𝘄𝗮𝗻𝘁𝘀 𝗶𝘁, 𝗳𝗲𝘄 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝗶𝘁.

In this summary, you’ll get 𝗙𝗜𝗩𝗘(𝟱) 𝗞𝗲𝘆 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝘁𝗼 𝘁𝗵𝗲 𝗙𝘂𝘁𝘂𝗿𝗲 𝗼𝗳 𝗠𝗼𝗻𝗲𝘆, courtesy of Nik Bhatia’s seminal work: 𝘓𝘢𝘺𝘦𝘳𝘦𝘥 𝘔𝘰𝘯𝘦𝘺

The best architecture follows patterns found in nature, and nature is full of layers.

Read on to learn more.👇

In "Layered Money", @npub1qw6e8meaj5gzk49alamh9qf35lpmml5sq7ctjtxhcjk55qppmcjs0j2v52 helps us understand money's puzzling and obscure past, using a "layered" framework.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟭: 𝗠𝗼𝗻𝗲𝘆

Money is the backbone of human civilization, and it’s far more complex and nuanced on every layer than most people think.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟮: 𝗚𝗼𝗹𝗱 𝘃𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻

Both gold and Bitcoin sit atop monetary systems as "counterparty-free" stores of value -- but Bitcoin is far superior for the digital age. It’s more portable, durable, fungible, verifiable and divisible, all while being even more scarce than gold.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟯: 𝗣𝗮𝗽𝗲𝗿

To get maximum use from gold and silver they 𝙝𝙖𝙙 to evolve into paper bills and bank deposits. These are really nothing more than promises to pay the underlying real commodity, which is fine, but it introduces trusted third parties (or security holes) into the system.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟰: 𝗭𝗲𝗿𝗼 𝘁𝗼 𝗢𝗻𝗲

Bitcoin is the most monumental monetary breakthrough since gold coins -- because it’s like gold, but digital and immune to both trusted third parties and debasement.

𝗜𝗻𝘀𝗶𝗴𝗵𝘁 #𝟱: 𝗟𝗮𝘆𝗲𝗿𝘀

Viewing money as a layered system provides the necessary context for Bitcoin, and its role in money's evolution. Bitcoin is not only the newest form of sound money, but designed to operate in Layers.

Nik Bhatia’s book is a unique perspective on money's past, present, and future. It will help you understand where money came from and where it’s going. Knowing that, is 𝙥𝙧𝙞𝙘𝙚𝙡𝙚𝙨𝙨.

Was that useful? ➡️ 𝗥𝗲𝗽𝗼𝘀𝘁 and 𝗯𝗼𝗼𝗸𝗺𝗮𝗿𝗸 it for future reference!

Got a book you’d like me to explore next? ➡️ Let me know in the 𝗰𝗼𝗺𝗺𝗲𝗻𝘁𝘀! 👇

See you at next week’s Bitcoin insight!