brock on Nostr: How is he wrong? Debt is a priority claim on an asset. If the cost of capital is 20%+ ...
How is he wrong?
Debt is a priority claim on an asset. If the cost of capital is 20%+ on a bitcoin standard, there will be a helluva less debt and more equity funding of assets & companies.
Bitcoin doesn’t end debt but it dramatically reduces the incentive to fund via debt vs. equity.
Published at
2024-09-23 01:36:18Event JSON
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