Basically, yes!
Usually, every time you get a loan the bank is creating newly digitally printed money out of nowhere.
Say someone takes out a USD loan against their #bitcoin. Where do those newly created dollars come from? Presumably those newly created dollars debases the supply of everyone else holding dollars?
#asknostr
Cc nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en