I love getting into this.
I haven’t conflated equity and usury. Equity means the capitalist benefits on the upside, with technically no ceiling, if the entrepreneurial endeavour is successful, and ...
This is fun but it would be more fun if you addressed my points 😉
Most of what you say is superficially true or reasonable, but it's just reciting the internal mechanics of lending in clinical language and dismissing the structural properties of interest and the severance of risk I raised.
Creating a bond (and I use that word in the old way, intentionally, so that we cannot hide in jargon, to refer to all debt commitments) is money printing. All fiat is usury and all usury is fiat.
I'm not going to repeat everything I wrote, but I point you back to it because you have not addressed it. These structural problems make it my concern when others cheat at money.
How is it just to make my money that I worked for compete with money you've teleported from the future with a pen? How do you spend sats from the future that are in other people's utxos, for work that hasn't been done or measured by a transaction with an unbroken value chain?
Bitcoin is not just about scarcity of the total supply. It fixes every sat in time. At any given block height, every sat is in one and only one place. No double spending, no time travel, no multipliers.
Btw, sadly, paper Bitcoin and the rehypothecation of paper Bitcoin are already a reality.
Most of what you say is superficially true or reasonable, but it's just reciting the internal mechanics of lending in clinical language and dismissing the structural properties of interest and the severance of risk I raised.
Creating a bond (and I use that word in the old way, intentionally, so that we cannot hide in jargon, to refer to all debt commitments) is money printing. All fiat is usury and all usury is fiat.
I'm not going to repeat everything I wrote, but I point you back to it because you have not addressed it. These structural problems make it my concern when others cheat at money.
How is it just to make my money that I worked for compete with money you've teleported from the future with a pen? How do you spend sats from the future that are in other people's utxos, for work that hasn't been done or measured by a transaction with an unbroken value chain?
Bitcoin is not just about scarcity of the total supply. It fixes every sat in time. At any given block height, every sat is in one and only one place. No double spending, no time travel, no multipliers.
Btw, sadly, paper Bitcoin and the rehypothecation of paper Bitcoin are already a reality.
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