Damus
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gladstein
@gladstein
Lots of debate about the Saylor / Saifedean conversation

I thought it was really interesting

No one really knows what credit will look like in a Bitcoin Standard

They both make good points

I tend to think that (young, less capitalized, etc) people will of course still borrow to buy a car or or a home, to Michael's point

But I also agree with some of Saifdean's points about the inevitable decline in value of government debt

People seemed to hyperlock onto a short clip of it on X and spit takes instead of listening to the whole thing which is unfortunate

There's way too much 100% agreement in this space so a 2-hour animated conversation with two people who do share a lot in common but really disagree strongly on some stuff and aren't afraid to push back is very refreshing
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TKay · 80w
I think thats the problem with the discussion. not both made good points. Said did, Saylor didnt.
Bitdoc · 80w
https://primal.net/e/note1purwrjaj92ps4xjyc33kjq4au7weylx582336tew3fzcydll8hksss0sll
MikeMonty · 80w
In a hyper bitcoinized world, what will debtors prisons be like?
Jake Woodhouse · 80w
Yeah need to watch this one before commenting
Satosha · 80w
I tried but after 35 minutes I feel asleep .. I mean how much time would you spend on a simple spreadsheet :-) .. Here people are breaking heads on breaking cryptographic hash functions and these these two trying to figure out nursery formulas with absolutely vague assumptions ..
Sides · 80w
Saylor seemed oddly rattled. He didn't like the push back from Saif. Wouldn't let him finish his point.
farooq · 80w
There's no credit on a bitcoin standard and that's about it. A pure and simple supply & demand economics.
Luke · 80w
I agree with you pretty fully but Austrian economics seems pretty clear about how one money eats the others. I can't see fiat surviving in the long run as long as Bitcoin trades freely. Seems like the onus should be on Saylor to show why the Austrians are wrong about money's very nature.
Franz Mesmer · 80w
Really enjoyed listening to them. A conversation on a very high level.
Comte de Sats Germain · 80w
The rugpulling will continue until all credit is gone. Bitcoin banks are a cool idea in the transition period, but they won't make it, not even one.
Spencer · 80w
Frustrating to hear them talk past each other. Saif: Bitcoin market dynamics will drive down lending. Saylor: why do you want to force people to stop lending? I would have enjoyed hearing more thoughts on how fiat dies. Eventually everyone wants to exploit the infinite money glitch, which means ...
Rafael Maldonado · 80w
Nobody seems to realize that they are both right!. just not in the same time frame. Saylor is right in the short term because regardless of how successful Bitcoin is we probably won’t see the collapse of credit in our lifetimes. Saylor is a pragmatic business person that has a lot of skin in the g...
Joe Bloggs · 80w
The exchange of Pure Human Empathy that Bitcoin represents, see below, can have a loan system within it, a fork of Bitcoin (loans). Ticker LBTC and with smart contracts, which would be better than a shitcoin and also be constrained. nostr:nevent1qqsq0vqxamw7wy8v4ahrkwnrlmm7lfamrkgrmhpmhrupvy7usaa...
Judge Hardcase · 80w
Amen. I do kind of get why many people miss Saylor's point because he kept saying "risk-free" - but this was in the context of fiat for the foreseeable near future. However, Saylor also acknowledged the inherent counterparty risk involved in loaning Bitcoin. Ultimately, there will always be peop...
nostrich · 80w
There will always be credit/debt. It will arise spontaneously, not least in the manufacturing cycle, when goods are ordered but only paid for on completion of being manufactured. In the meantime costs and salaries must be paid. Credit notes arise and circulate as money to facilitate this. These note...
nostrich · 80w
Saylor worries me. The investing graveyard is full of "to the moon assumptions". Nothing wrong with that if you're conservative and debt free , but when you pyramid borrowing and debt to speculate on such an assumption, I think the chances are that you almost certainly eventually go bust, hit by a v...