Two opposing narratives about how cryptocurrency might affect leveraging/deleveraging in our debt-based economic systems. 1) The return of sound money will destroy fiat and the unsound credit/debt/leverage system built on top of fiat.
-
-
I wonder if BAKKT and the like will move toward side Hain development. It just makes sense to me. From there, it is a free choice to engage in fractional based systems, but leverage will likely tend toward something more rational.
-
Yeah, it will be interesting to see what reserves look like in private money. When the downsides are socialized via bailouts, obviously people will lever up whenever possible. But even with private money, it seems unlikely the equilibrium leverage is 1.0.
End of conversation
New conversation -
-
-
Someone could just build an AI to quantify risk and sell it as software as a service.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Crypto probably does most good by inspiring thinking about alternative monetary arrangements, but it isn't a mainstreamable option itself. Even if in an impossible future we'll be paying with BTC-denominated money for meals, that will happen via a fract-res. ~debit card company.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.