Garth @garth - 7mo
nostr:npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev a good friend finally conceded I was right about #bitcoin today (I felt nothing). He did however bring up a query about how credit would work on a #BTC standard. My response is fundamentally credit doesn’t work in a deflationary environment. After a few beers and crossed eyes, I still stand by this statement. But is there a possibility for credit on a Bitcoin standard in your view? I can’t see how it works?
So no “tradfi” interest rate, just share of profits. I think this is the crux of my mental dilemma. If there is interest applied where does it come from? I guess this is the fiat ponzi…
