BTCtoOblivion on Nostr: "The path to financial success under the fiat standard lies in acquiring hard assets. ...

"The path to financial success under the fiat standard lies in acquiring hard assets. Financing these acquisitions with debt is even more profitable. Not only is inflation likely to devalue the loan for the asset more than it devalues the asset, but as the lender and borrower are partaking in fiat mining, there is enough benefit in the mining seigniorage to make the purchase cheaper for the borrower. The most profitable route, however, comes from being able to issue fiat and get others into debt. Among the most effective ways to issue debt is to build a business that pivots to providing banking services to its customers, which explains why so many businesses in so many fields offer credit products to their customers."

From the "The Fiat Standard" by saifedean (npub1gdu…6nak)