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The Game Theory of Bitcoin Adoption with George Gammon (WiM280)
The "What is Money?" Show
The Deprecation of Non Productivity
I had imagined that delinquent and default rates would also explode like we saw running in the run up to the GFC, right. Because again, if you have an infinite balance sheet, what, who even cares if you get paid back? Right. So it's another deprecation to skin in the game, as we described earlier, further rewarding of non productivity. A lot of bad loans will be made in this model. Yeah.
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