On a bitcoin standard your batting average will be much more important than it is now. The consequences of bad decisions and bad results are diminished when holes can be filled with the money printer and losses are absorbed by the masses.
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That depends which side of the Cantillon Inversion Layer you are on. Those who live above it, will find hard money teaching sharper lessons. Those who work below it will find it far more merciful.
real opportunity cost has entered the chat
To all capital allocators (Inst. Investors, Asset Managers, CFOs, etc.), take note.
For some this will come naturally as they are genuinely thoughtful about their decisions.
For those who simply chase yield with low time preference, reality will hit them like a freight train.
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