I like Saifedean - I'm not a bitcoiner without hearing him on a CarnivoreMD (Paul Saladino) podcast back in 2021.

But he just comes across as rigidly obstinate in this discussion with Saylor. I like Saylor's position on trying to make sound money transitions as peaceful as possible, ability to earn "risk free yield" on #bitcoin by minimizing risk through selection of regulated counter-parties, etc. And putting that bitcoin up as collateral, to earn that yield, may then allow that regulated bank to loan (without printing currency out of thin air) to an entrepreneur trying to change the world.

https://podcasts.apple.com/us/podcast/the-bitcoin-standard-podcast/id1403202032?i=1000669795859

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Yeah agreed 👍

I'd like some yield, but I need to know it's bulletproof (or close to it) first.

That's The fundamental issue here is that there is no such thing as bulletproof risk-free yield. There never has been there never will be it's not a thing it literally will always be risk involved. If a guy came up to you in the alleyway and told you Hey give me 200000 and I'll give you 300000 in 10 years, Would you do that?

Absolutely no you wouldn't because it's some fucking random person you don't know so what part of an individual who creates some slick website or has some government-backed FDIC insurance nonsense makes it any different when they are the ones that are doing it

Maybe someone smarter that me will figure it out. Also, law of big numbers. Lend to 100 qualified parties. 80-90% will pay you back...

I'm not saying that there won't be any type of lending I'm just saying that In a world where Bitcoin is the fundamental basis for all value transactions I believe that the lending will be vastly smaller market than it is today and it will be on a more trusted scale. Meaning loans only go to those with the ability to prove trustworthiness versus the current regime of everyone gets alone doesn't matter you don't even need to have proof of income you just file and get money

That sounds plausible and likely.

They both came across as annoying. I think they’re both right, at varying time frames. Saif could however be right way before Saylor could possibly imagine. Also, "risk free yield" is the kind of shit we’re here to fix. PoW, on chain and in life.

They both came across as annoying. I think they’re both right, first Saylor, then Saif. "The dollar isn’t going away Saif." Says Saylor. Oh yes, it certainly will. Saif could also be right way before anyone can imagine. And Saylor, absurdly enough, can’t imagine it all. Also, "risk free yield" is the kind of shit we’re here to fix. PoW, on chain and in life. Risk free yield is actually more absurd than interest rates trending to zero, in my humble opinion.

That's why I say I do not intend to chase yield. However, I am very much interested in taking low-leverage positions to live on debt (both Saylor and Mark Moss discuss this...and Moss has an intriguing spreadsheet for what-if analysis) and not sell bitcoin other than to support circular economy on parallel rails.

And nothing is risk-free, but we do get to the point of "who is going to build the roads...or the companies that employ workers and are only measured by PoW and meritocracy". Private investors will need to step up...and no reason why they shouldn't expect some yield in return.

Replying a fuck ton of times is apparently a thing. Sorry. My bad.

Hah - no worries. And sometimes I can be delayed with response...do a lot of my teaching/coaching in the late afternoons/evenings - and had small group last night.