You can have credit in a full reserve banking system, but it'll be very different to how credit works today. Credit as it is today is fiat subsidised and backed. So it is artificially cheaper, it causes the boom-bust cycle, and it rewards insiders.

@tank shares his insight on the tradeoffs with @Liquid Network and Bitcoin.

Ryan McMaken, Executive Editor and Economist at the Mises Institute, explains the concept of ‘Radical Decentralization’ and why secession is more important now than ever.

Why can't money be stable or neutral? Philipp Bagus explains

Should the state hold Bitcoin? Explained by @Pierre Rochard

Bitcoin, real estate and fiat mining with @Pierre Rochard

What are the next big things coming for lightning? @tank explains why it'll be: 1. broader BOLT12 adoption 2. asynchronous payments that help make bitcoin and lightning private digital cash

Statists excuse government failure by saying "they didn't have enough budget". This image is a reflection of how the state spends money. Without private property, market pricing, and facing a profit and loss test - of course it wastes money.

My latest episode with @Pierre Rochard is out! We touch on product market fit for savings, rebalancing, cultural changes on a bitcoin standard, and whether the govt should hold bitcoin

Stephan Livera Podcast

SLP602 — Bitcoin Product Market Fit For Savings · Stephan Livera Podcast

with Pierre Rochard. My friend Pierre Rochard (VP Research at Riot Platforms) rejoins me on the show to discuss some of his latest views.

Philipp Bagus on the Banking School vs the Currency School, and how this debate remains relevant today on central banking and fractional reserve.

Can Lightning Liquidity be Solved Using Liquid? Check out my latest ep with @tank on this question https://stephanlivera.com/episode/601/

It has become normalized to put down 8-20% for a mortgage downpayment. I wonder how many people consider that they are effectively going leverage long property approx 5-12x?

HODLing is a psychological battle with yourself. How much pain and scorn can you handle from the normie world? What is your pain tolerance for sustaining your HODLer conviction through big 50% or even 80% drawdowns? Are you willing to think independently and ignore TradFi influencers who preach about being allocated to govt bonds or stock indexes or trying to be a property mogul? If you do it correctly, you are richly rewarded for HODLing over time - both financially and mentally. If you do it poorly, you risk selling during the drawdowns or hard times.