0 sats \ 2 replies \ @birdeye21 OP 8 Dec 2023 \ parent \ on: What conventional wisdom does Bitcoin break? bitcoin
Maybe I am not reading right, but is debt not the baseline function of how fiat works? I would say taking on debt has been deadly for nations, no? Idk if bitcoin is going to make "good debt" more popular, the opposite actually afaict
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21 sats \ 1 reply \ @pillar 8 Dec 2023
It is, indeed.
And yes, it has for many. Because they didn't take debt for the right purpose.
You might enjoy reading about currency speculative attacks, or my Operation Saylor series here in SN, to better understand where I'm getting at.
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0 sats \ 0 replies \ @birdeye21 OP 8 Dec 2023
Ah yes Ive seen them, really enjoy them!!
i believe i get what you're saying now with that context. I know that debt can work in your favor if used right. If you want to bet against the dollar then debt is by all means a good way to do that, as you've done in the series or as Saylor did, but I suppose I am wondering how the concept of debt and its relevance in general will look X years into hyperbitcoinization..
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