Yes there will always be someone who needs more capital to start or expand a business. The rate of interest however would need to be much lower. I think the principles of Richest man in Babylon will still apply however the money lenders will maybe be individuals with large stacks instead of just banks.
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev a good friend finally conceded I was right about #bitcoin today (I felt nothing). He did however bring up a query about how credit would work on a #BTC standard. My response is fundamentally credit doesn’t work in a deflationary environment. After a few beers and crossed eyes, I still stand by this statement. But is there a possibility for credit on a Bitcoin standard in your view? I can’t see how it works?
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