They both came across as annoying. I think they’re both right, first Saylor, then Saif. "The dollar isn’t going away Saif." Says Saylor. Oh yes, it certainly will. Saif could also be right way before anyone can imagine. And Saylor, absurdly enough, can’t imagine it all. Also, "risk free yield" is the kind of shit we’re here to fix. PoW, on chain and in life. Risk free yield is actually more absurd than interest rates trending to zero, in my humble opinion.
I like Saifedean - I'm not a bitcoiner without hearing him on a CarnivoreMD (Paul Saladino) podcast back in 2021.
But he just comes across as rigidly obstinate in this discussion with Saylor. I like Saylor's position on trying to make sound money transitions as peaceful as possible, ability to earn "risk free yield" on #bitcoin by minimizing risk through selection of regulated counter-parties, etc. And putting that bitcoin up as collateral, to earn that yield, may then allow that regulated bank to loan (without printing currency out of thin air) to an entrepreneur trying to change the world.
https://podcasts.apple.com/us/podcast/the-bitcoin-standard-podcast/id1403202032?i=1000669795859
Discussion
That's why I say I do not intend to chase yield. However, I am very much interested in taking low-leverage positions to live on debt (both Saylor and Mark Moss discuss this...and Moss has an intriguing spreadsheet for what-if analysis) and not sell bitcoin other than to support circular economy on parallel rails.
And nothing is risk-free, but we do get to the point of "who is going to build the roads...or the companies that employ workers and are only measured by PoW and meritocracy". Private investors will need to step up...and no reason why they shouldn't expect some yield in return.