Swan Signal Live - A Bitcoin Show cover image

Saifedean Ammous & Stephan Livera | Swan Signal | EP 105

Swan Signal Live - A Bitcoin Show

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The Difficulty Adjustment of the Credit System

The boom bus cycle in the banking system caused by credit expansion and contraction can be thought of as the fiat standards harsh difficulty adjustment essentially. This is what prevents money creation from taking off in an uncontrollable way in credit finance systems. So that's the more important long picture. People turning to it out of necessity in those countries. And hopefully Bitcoin is just going to keep trucking along and it'll just be there for them when they need it.

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