THIS View quoted note →
JoeyDD
joeydd@bitcoin.rocks
npub1xlep...knv2
#Bitcoin is high frequency. It is dismantling low frequency establishments around the world. Live your life in high frequency. Don’t dwell in the low.
I used to listen to BTC podcasts for reassurance. I would always learn and be reassured. Now I just go to learn.
CSW Logic: I am God’s gift to humanity. I must be Satoshi.
Ansel Lindner’s Credit Cycle: “Something changes in the market, perhaps a new invention or new discovery, creating profitable business opportunities. That raises demand for loans and willingness by lenders to make those loans. They create the credit and systematically use it for the most profitable uses first. The economy booms, profitability is high, businesses are confident, banks can charge more for loans because demand is high, interest rates rise. As time goes on and more credit is extended, it goes to less and less profitable use cases dragging down the average profitability in the economy. This causes a drag on demand for new loans, fewer loans are given to more creditworthy borrowers with safer investments, funneling new money into "financial assets", reducing demand for loans and interest rates fall.”
Bitcoin & Markets
Business Cycle: Is Limiting Credit the Best Route to Sanity?
A response of sorts to the Austrian Business Cycle theory as relayed by Tuur Demeester
