JackTheMimic on Nostr: Saifedean implied that the appreciation of Bitcoin over time would be the yield. ...
Saifedean implied that the appreciation of Bitcoin over time would be the yield. Saylor misunderstood Saifs point because they were trying to compare apples and oranges. Receiving 1 million sats 10 years from now would hold more value than 1 million sats today. Saylor basically said no, that's still only 1 million sats on a balance sheet.
Banks and intermediaries in Bitcoin are vastly different, it's a bit hard to take the suggestion seriously. Fee's taken for literally facilitating a peer to peer trade and fees taken by handing one person's money to another person as a loan are completely different. No bank today puts up their own capital as the liquidity layer of transfer. They literally just edit a ledger and any discrepencies are loaned from the fed. The only value Banks used to offer was holding your gold for you and transferring it to your associate's bank.
I don't use banks. I use intermediaries when I cannot do something myself (which is rare). Zeuspay doesn't hold MY coins. People pay them, they pay me.
Banks and intermediaries in Bitcoin are vastly different, it's a bit hard to take the suggestion seriously. Fee's taken for literally facilitating a peer to peer trade and fees taken by handing one person's money to another person as a loan are completely different. No bank today puts up their own capital as the liquidity layer of transfer. They literally just edit a ledger and any discrepencies are loaned from the fed. The only value Banks used to offer was holding your gold for you and transferring it to your associate's bank.
I don't use banks. I use intermediaries when I cannot do something myself (which is rare). Zeuspay doesn't hold MY coins. People pay them, they pay me.