5min chapter

The Café Bitcoin Podcast cover image

Swan Private Macro Friday with John Haar, Sam Callahan, and Steven Lubka + Bitcoin Bike Tour with Sidd - May 12th, 2023

The Café Bitcoin Podcast

CHAPTER

Will There Be Credit on Bitcoin?

Dr. Bull: This is not a problem that the central bankers and central planners can solve because it's ultimately at its core a human nature problem. Creations of credit, giving people money they don't actually have a right to on a lending basis creates fragility in the system. Even on a Bitcoin standard, unless you're going to be of the Bitcoin Tina school, thought we were going to eliminate all credits, you don't remove that fragility from the system. We saw that with FTX, right? FTX created Bitcoin on nothing.

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