Yes, the argument for Bitcoin as hard money makes sense. My point is just that there will still be a need for intermediaries, since a) not everybody will want to take on the burden of self-custody, and b) the need for credit will continue to exist as long as people want to build new things. Make sense?
Discussion
Yes, it makes sense. I just think it will play out differently.
Self custody will become simple, safe, and commonplace. AI agents could help us here.
On a gold standard, two brothers who owned a bicycle shop were able to save enough hard money to take time off and invent the airplane. No loans, no credit needed. Just a dream and savings in hard money. Imagine that x 1,000.
Well said.
In some cases, people may be able to self-fund ventures like that, sure. Happens with fiat and other non-hard money assets, too. But if you don’t have enough Bitcoin or don’t want to part with it outright, you’ll need credit in some shape or form.