I asked this a couple of days ago on x. The 2 most popular answers were “$100k” and “never”.

Yeah, looking back that makes sense. I was definitely grinding overtime and stacking my ass off for a good 3ish years back in the day. I kinda forgot about all that I guess. Golf was something I always wanted to get into outside of the driving range which I went to just when my buddies back in the day wanted to. I was always bad though, but not because I hate golf, I just never got into it in a meaningful way.

Yeah, the 2021+ people are def different than 2017 and earlier, in a lot of negative ways

Equity and debt instruments are going to look completely different on a fixed money supply. Almost all projects were financed with equity in the past. It was this fact that was the impetus for the formation of the federal reserve. To force people to fund with debt instead. The old system of capital investment will return when the money can’t be printed into existence.

This is why I think lending will largely go away, and most everything will be equity investing. I know you used an extreme number to illustrate your point, but the negative rate would trend toward the inverse of productivity minus storage costs. Something like -2 or 3%. Just give me the equity upside to part with my sats.

I don't know how I got here but I'm very grateful that we can all share this space at this time.

🫂🤝😗

I have the following task, and I don't really know where to start nor which formula to even use. Thank you so much already ahead of time for any insight 🤗

You have a coupon bond from a European country with a face value of 1 million euros. This bond pays coupon interest of 4% once a year. There are 8 years left until the bond is extinguished, and the next coupon payment should take place tomorrow. Investors expect a return of 6% per year from this bond. It was like that this morning. During the day, however, it became clear that the country has run into financial difficulties and is therefore unable to pay out the coupon interest scheduled for the next day and for the next three years. However, as a result of the joint, quick efforts of the creditors, an agreement is immediately reached that the bonds will be restructured. According to the agreement, the debtor promises to transfer tomorrow's and three years' worth of coupon payments to the investors when the bond is canceled (i.e. after 8 years). However, the rest of the payments will be made according to the initial agreement.

a. Find how much you, as an investor, suffered a loss during the day if, considering the increased risk level, investors' expected income from bonds has momentarily increased to 12% per year.

finance math is really complex, any folks here who are handy and knowledgable about it?

taking a class and the math got me planet-sized head wobbling

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

He’s seemingly against all forms of debt other than basic consumer loans and thinks bitcoin eventually forces everyone into giving up equity if they wish to raise capital

Boy, that Saylor-Saif conversation was rough. Both have real blind spots in their arguments, if you ask me. But at the end of the day, only one of them is storing thousands of bitcoin at Coinbase. And I say that as a Saylor fan.

Taking loans against your BTC will be a great option

I enjoyed the Saif Saylor interview but they were certainly talking past one another on a few points.

Also, they were speaking hypothetically about what they think 10 years out looks like in the financial space. Saif was talking further out in hyperbitcoinization land, which didn’t help set the table correctly for the conversation.

what was it like?

It’s not binary is my point.