"Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability...
"You’ve heard of Bitcoin. You do not like it... It relies on curious, antiquated ideas like sound money, peer-to-peer networking, the abolition of seignorage,...
"Bitcoin is the first time we’ve combined Money as a unit, with Money as a Network, into one thing." - Alexsandar Svetski Dont miss...