Lending exists to provide capital for immediate purchases that are necessary to build wealth now, in exchange for a promise of repayment with interest in the future. The purpose is to avoid the lost time and opportunity that would come from not having the capital to acquire labor and equipment to maximize wealth generation, both for the individual and the economy.
In a fiat-based economy, borrowing Bitcoin doesn't make much sense. However, in a Bitcoin economy, the traditional fiat lending system would erode, and credit would need to be issued in Bitcoin.
Therefore, Saylor anticipating the need for bitcoin denominated credit is even more a maxi than Ammous.
Brunswick
npub1c8…q6lkc
2024-10-23 14:29:18
in reply to nevent1q…dy82
Author Public Key
npub1c856kwjk524kef97hazw5e9jlkjq4333r6yxh2rtgefpd894ddpsmq6lkcPublished at
2024-10-23 14:29:18Event JSON
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"content": "Lending exists to provide capital for immediate purchases that are necessary to build wealth now, in exchange for a promise of repayment with interest in the future. The purpose is to avoid the lost time and opportunity that would come from not having the capital to acquire labor and equipment to maximize wealth generation, both for the individual and the economy.\n\nIn a fiat-based economy, borrowing Bitcoin doesn't make much sense. However, in a Bitcoin economy, the traditional fiat lending system would erode, and credit would need to be issued in Bitcoin.\n\nTherefore, Saylor anticipating the need for bitcoin denominated credit is even more a maxi than Ammous.",
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