How is he wrong?
Debt is a priority claim on an asset. If the cost of capital is 20%+ on a bitcoin standard, there will be a helluva less debt and more equity funding of assets & companies.
Bitcoin doesn’t end debt but it dramatically reduces the incentive to fund via debt vs. equity.
This is basically my view too. Less debt, not zero debt. I welcome it. A real cost of capital and everyone lowering their time preference would be a win
In that case, I think your view and nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak ‘s view are very similar.
Agreed, just a matter of degree and speed. There’s definitely a reason my original note called out Saylor and his over-comfortability with custodians.
Actually just listened to last week’s nostr:npub10uthwp4ddc9w5adfuv69m8la4enkwma07fymuetmt93htcww6wgs55xdlq and agree with their framing too. Most Bitcoiners aren’t going to risk any loss for a 5% yield and want to live sats-flow positive generally. I still think the pod didn’t make either party look great, but lean more towards Saif’s positions
