Thoughtful post! See you in Mauritius 🇲🇺

Great meeting you in Prague! FYI: the link to the article is available to me in Damus but not Primal

I’ll catch you there! Looking forward!

Where did you get the high quality version? Do you have a link?

You can also check out my article series on it! Link in my feed!

Very good read!

🙏🙏🙏

I’ve now watched the episode again. Seems the main difference between the two is that Saylor doesn’t agree nominal rates will ever fall below zero–which is a good point. Don’t see how it can, as no one would introduce risk without the possibility for higher returns.

Just watches the episode. I'm not sure what Michael doesn't understand about Saifdean's point. As far as I’m concerned, I think they're on the same page. Saifdean is just saying it's realistic that nominal interest rates will go to 0%, but that doesn't mean the real interest rate will be zero. Because Btc is deflationary, the real interest rate under 0% nominal rate will be whatever the deflation is. So let's say it's 3%, that means the borrower will earn 3% a year by borrowing their money for 0% nominal interest rate.

Can someone help me understand why Michael gets so irritated about this point?

I’ve also been doing thought experiments with discount rates when valuing future cash flows. Anyone have any ideas about those?

Will watch! But what do you mean by no interest? BTC will likely be deflationary, so I figure the nominal rate might be close to zero or a couple of %, but real rate will be higher. Don’t you think? Not saying borrowing will be a good idea.