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.
8r0ck3feller / 8R0ck3feller
npub1h4…a2jcm
2024-09-23 01:36:18
in reply to nevent1q…7mul
Author Public Key
npub1h4lrzqnrne72xj00yl3zzr0k6qn93cqe5g4vvkfechs6mn89mwyqfa2jcmPublished at
2024-09-23 01:36:18Event JSON
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