BoomTown's avatar
BoomTown 1 year ago
I would expect decentralized debt markets will flourish. Even under a bitcoin standard if I was to buy a business or buy farm land, I would want to finance it with as much debt as I could raise and keep as much of the equity as I could. For financial upside AND for governance control of the venture.

Replies (1)

You would want that, but the people financing you will not because they won’t be able to create the money out of thin air. They will have to have skin in the game and actually underwrite you. Fiat has poisoned how we look at financing, and there will be a total shift away from the current model of investing vs lending.