If the currency is deflationary, any debt blows up to absurd proportions in real value. Any interest rate greater than the rate of overall economic expansion will be unpayable, resulting in default. And if there's no market for money that yields better than sitting on the money, then no one will lend.
Saylor is wrong. I'm still thinking about that discussion between him and Saif.
In the world that's coming, that we know is coming because we're building it, debt forces a choice between two options :
Forgive,
Or enslave.
I prefer forgiveness. Practice it now, so we can wisely navigate the course to a world of forgiveness. Choose kindness.
We're living in Biblical times.
#Bitcoin #wisdom