Over the weekend, I had a discussion with a friend about BTC. We touched on the topic of credit, and I'm curious understand what the community thinks about it.
I am aware that people like Saifedean sees credit as an undesirable and destabilizing force in economies.
I can see that in certain situations could be good thing to have but not sure how it could work on a bitcoin world, like starting a business
What are your thoughts on this?
credit good usury or high interest bad easy
Credit existed since humans exist. It existed under the gold standard.
Does he? Can't remember reading that, maybe credit-based fiat money? Do you have a citation?
mostly from listening to his podcasts