117. The Problem with Interest with Tarek El Diwany (and Allen Farrington!)
The Bitcoin Standard Podcast
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Is There a Future for Bitcoin?
I think that bitcoin is going to effectively bring about a ann eslamic kind of monetary system, not through any kind of islamic regularstation or regulation. Because i think it fits very nicely, a with the eslamic way that you think of finance, where the money is hard, nobody can the money and therefore no one can guarantee its return. And we're going to head toward a system in which people either lend at a basic interest rate of zero, ora invest equity. If you have an equilty base made up of wealthy investors who are able to borrow against their assets, then there will be more wealth circulating across society. Eh? That's really the key thing
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