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Lawrence Lepard: It's Just Math

The Bitcoin Matrix

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The Pros and Cons of a Deflationary World

In the 1800s, there wasn't a big debt market. You know, borrowing in a deflationary environment is going to be tough because you're really paying back even more. A world with less debt and debt fueled growth would be a pretty good thing. I think most people don't see that or understand that.

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