atxmj on Nostr: I've read Layered Money. As much as I respect Nik Bhatia, "it's always been done that ...
I've read Layered Money.
As much as I respect Nik Bhatia, "it's always been done that way" is not a valid reason to continue doing something (layered monetary systems).
The entire first half of Nik's book makes many strong cases *against* attempting to build a layered monetary system.
It's one of the biggest problems that's led to our utterly broken fiat system.
You can't scale technologies in layers. You can only build applications in layers.
note1cp4ymdknj4que2q5tfjfj8arws3jj4fmtc8k293xuun4wf45jcxqlze68s
As much as I respect Nik Bhatia, "it's always been done that way" is not a valid reason to continue doing something (layered monetary systems).
The entire first half of Nik's book makes many strong cases *against* attempting to build a layered monetary system.
It's one of the biggest problems that's led to our utterly broken fiat system.
You can't scale technologies in layers. You can only build applications in layers.
note1cp4ymdknj4que2q5tfjfj8arws3jj4fmtc8k293xuun4wf45jcxqlze68s