Interest rates will mostly disappear under a bitcoin standard. The world will switch from a debt based fiat system to an equity based hard money system.
Debt doesn’t work “at scale” because interest requires new money to be created.
Also, most people won’t lend their bitcoin for a fixed payment and risk the borrower’s bankruptcy.
The only reason to invest your bitcoin will be to own other hard assets or a share of a bitcoin business.
techfeudalist /
npub1nz…0yxqu
2023-08-25 05:18:07
in reply to nevent1q…ldq7
Author Public Key
npub1nz3cd3mx4jf9paxwrdgqvchaprjdge9pj9t58mkusw74q5saajkqu0yxquPublished at
2023-08-25 05:18:07Event JSON
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"content": "Interest rates will mostly disappear under a bitcoin standard. The world will switch from a debt based fiat system to an equity based hard money system. \n\nDebt doesn’t work “at scale” because interest requires new money to be created. \n\nAlso, most people won’t lend their bitcoin for a fixed payment and risk the borrower’s bankruptcy. \n\nThe only reason to invest your bitcoin will be to own other hard assets or a share of a bitcoin business.",
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}