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Replying to Avatar StackSats.IO

Tangential to this but in Bitcoin is Halal you touched on “depositors will…demand the shared upside of equity” - is there more I can read on that?

A common argument against hyper-bitcoinisation is due to lack of liquidity, but I intuit holders would simply demand equity in good businesses for their 🌽 - do you know of historic examples under a gold/silver standard of this happening? Or were things too feudal and the money simply expropriated when TPTB of the time needed liquidity?

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allen 2y ago

Late medieval and early renaissance Italian and Low country city states 😉

https://en.wikipedia.org/wiki/Commenda

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StackSats.IO 2y ago

Thank you, that looks worthy of a dive down the rabbit hole - will read the references on the weekend 🤙

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