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Yes, the argument for Bitcoin as hard money makes sense. My point is just that there will still be a need for intermediaries, since a) not everybody will want to take on the burden of self-custody, and b) the need for credit will continue to exist as long as people want to build new things. Make sense?

Paul 2y ago

Yes, it makes sense. I just think it will play out differently.

Self custody will become simple, safe, and commonplace. AI agents could help us here.

On a gold standard, two brothers who owned a bicycle shop were able to save enough hard money to take time off and invent the airplane. No loans, no credit needed. Just a dream and savings in hard money. Imagine that x 1,000.

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Discussion

CitizenPleb 2y ago

Well said.

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

In some cases, people may be able to self-fund ventures like that, sure. Happens with fiat and other non-hard money assets, too. But if you don’t have enough Bitcoin or don’t want to part with it outright, you’ll need credit in some shape or form.

Paul 2y ago

Perhaps. Hopefully, we’ll both be around to find out!

Squirrel Master 🐿️ 🇮🇱 🇵🇸 2y ago

Yes sir! Agreed on that one 🤙