#211 Keith Weiner - Gold and Bitcoin
Real Talk with Zuby
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Is a Bit Coin Unusable for Debt Agreements?
bitcoin is based on the idea of a fixed quantity, and therefore a em i's cind of like a short squeeze. But if the value is rising like that, then that renders it unusable for debt agreements or long term contracts of any kind. Nobody would dare to nominate any kind of long term agreement in bit coin because the te obligor t, you know, tae the the debtor, would be bankrupted by the rising price of bitcoin. So a bitcoin is an unstable value. That's the other side of the slip side of the same coin. A ad than therefore becomes a speculator in a token er, chippen in the casino.
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