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Replying to Avatar 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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dfa94a58... 1y ago

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 volatile glitch.

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