@Saylor - The Year In Review 2022 In #bitcoin. #309
Once Bitten! A Bitcoin Podcast.
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Studying Cryptocurrency
In order to get paid 4% after tax, they took a 30% risk, which meant that they were basically buying a negative yielding minus 26% yielding thing most likely. If the real risk was they would blow up within one cycle, which is 36 months, then you had a counterparty risk of 33% against an after tax yield of 3%. I think the reason to study Bitcoin is because if you study Bitcoin deeply enough, you would be able to articulate all the defects of money.
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