petar on Nostr: For a smart guy Saylor really shows an inability to grasp a simple concept, followed ...
For a smart guy Saylor really shows an inability to grasp a simple concept, followed up with an ugly straw man argument against Maxies.
Saif's point isn't that lending in itself is wrong. His point was, lending something YOU DONT OWN is wrong.
This is what banks currently do. They lend out fiat that doesn't exist previously, when fiat gets printed it gains values by stealing a small potion of value from all existing fiat, aka inflation, aka theft. Theft is wrong.
Sa
https://fountain.fm/episode/3QQZCHaUoDwtE8S63A9Z
Saif's point isn't that lending in itself is wrong. His point was, lending something YOU DONT OWN is wrong.
This is what banks currently do. They lend out fiat that doesn't exist previously, when fiat gets printed it gains values by stealing a small potion of value from all existing fiat, aka inflation, aka theft. Theft is wrong.
Sa
https://fountain.fm/episode/3QQZCHaUoDwtE8S63A9Z
quoting nevent1q…xqz7