Just watches the episode. I'm not sure what Michael doesn't understand about Saifdean's point. As far as I’m concerned, I think they're on the same page. Saifdean is just saying it's realistic that nominal interest rates will go to 0%, but that doesn't mean the real interest rate will be zero. Because Btc is deflationary, the real interest rate under 0% nominal rate will be whatever the deflation is. So let's say it's 3%, that means the borrower will earn 3% a year by borrowing their money for 0% nominal interest rate.
Can someone help me understand why Michael gets so irritated about this point?
penglunds
npub1fj…v52r7
2024-09-18 09:04:34
in reply to nevent1q…prn6
Author Public Key
npub1fjgr2kqrrp3s2cv5ytkfzd3redfr95fntge5jhhlph4z22uc09vsrv52r7Published at
2024-09-18 09:04:34Event JSON
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"content": "Just watches the episode. I'm not sure what Michael doesn't understand about Saifdean's point. As far as I’m concerned, I think they're on the same page. Saifdean is just saying it's realistic that nominal interest rates will go to 0%, but that doesn't mean the real interest rate will be zero. Because Btc is deflationary, the real interest rate under 0% nominal rate will be whatever the deflation is. So let's say it's 3%, that means the borrower will earn 3% a year by borrowing their money for 0% nominal interest rate. \n\nCan someone help me understand why Michael gets so irritated about this point?",
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