Having read a lot of Bitcoin books, each one giving a particular insight from each author
What I particularly liked about
@Lyn Alden Broken Money was the explanation of early forms of credit
Ie I give you something of value, if we were in a high trust tribe, then I would be happy noting down that you owe me something in the future, & storing that debt in my head. Ofc this doesn’t scale. But it pre-dates money in a sense.
Point being, I absolutely agree there will be a credit market on a bitcoin standard, it will however be radically different today, in large part due to the cost of capital being much higher, therefore debt risk much higher, so interest rates will have to reflect that
Fascinating one to watch play out
