Replying to Avatar π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯)

I listened to the Saif and Saylor podcast.

I don’t think @saylor is being unreasonable. Gold was sound money, and you can still lend out gold to earn a yield. If Bitcoin is also sound money, then you should be able to earn a yield from it as well. Granted, we don’t have trustworthy banks that can handle this now, but maybe in the future. 😁
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El Tio 1y ago

I don’t think so. Gold is not finite. Gold is scarce, but infinite. You can always β€œprint” more gold. If you could lend all the gold in the world, you could mine more to pay interests.

If you could lend all the BTC in the world, where the hell you would get the interest when all 21.000.000 are mined and distributed?

We can make a system of lending and borrowing Bitcoin, but I don’t think interests can be paid in Bitcoin. I imagine a future where you lend bitcoin, and you get the exact amount back plus β€œreal economy goods or services” in return as interests… am I crazy?

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 1y ago

In the future, People are going to pay for goods and services in bitcoin and you will be able to get paid in bitcoin also.

Granted it won’t be anytime soon though.