If companies are started with debt, how is that capitalism rather than creditism? Not putting up capital, is not putting skin in the game. Opportunity cost of NGU but lack of yield on bitcoin will drive a level of focus on the development of profitable ventures that we havent seen in a creditist economy. Could be fun!
Discussion
True, but debt is cash on the balance sheet, even owner's equity is debt owed by the company to it's shareholders.
Hmm you e got me thinking about debt in a full Bitcoin standard. Hmm
nostr:nprofile1qqsyx708d0a8d2qt3ku75avjz8vshvlx0v3q97ygpnz0tllzqegxrtgpr3mhxue69uhkummnw3ezucnfw33k76twv4ezuum0vd5kzmqpz3mhxue69uhhyetvv9ujumn0wd68ytnzvuly9w6m had an episode a few months ago where he and Saylor discussed equity being the future of investment in a bitcoin-based economy instead of the credit-based system we have now. Saylor went bananas basically but to me it makes perfect sense. We now have an asset that can measure the equity value gained by an investment, why would I go into debt when I now have the same mechanism of value aggregation available in an equity-based asset?
Yeah debt system might be turned on its head. Idea of what a company is and how it functions might be too