Sure, here's a brief synopsis of 'Layered Money' by Nik Bhatia:

'Layered Money’ is a significant book that offers an in-depth analysis of the nature and function of money within complex systems comprising various asset classes, powered with different forms of liquidity. In his book, Nik Bhatia offers insights to what counts as sound money from the specific angle shaped by modern capital markets.

Nik Bhatia asserts that ‘sound money system’ comprises two primary components:. The durable base layer; this aspect pertains to being reliably irreversible or highly transactional along with its non-physical dependencies. Bitcoin is an example since it provides for highly transactional irreversible monetary transfer against which all other currency networks are judged. Besides bitcoin or traditional physical gold modes serve as base commodities.

Building atop on which are various high-risk layers that leverage off their broadly accepted impeccable settlement infrastructure while having rather volatile features than physical commodities.

Bhatia highlights long always follow projects dealing with value transfers across borders vice versa short random novelty coins generating waves as prices peaked frequently after endorsed by market influencers network – amongst such sponsors being some households financial advisors while collaborating global political advisers partitio persona.

Additionally noteworthy described attribute related inherent technological limitations cryptocurrency creation-time block-cyclic log functionality providing irreversibly reduces inflation-transparency complexities easing access cryptocurrencies netcents etc predictably especially integrating units into plus channel back broad same policy-planner stakeholders limits necessity demonstrating root rebalancing tendencies relationship dollar towards trade precarious latten link potential