#434: Capital in the 21st Century with Allen Farrington
TFTC: A Bitcoin Podcast
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Unchained's Long-Term View on Lending
Unchained was deliberately, very purposefully, as I understand it, robust, right? They have not just, you know, a coincidentally robust balance sheet, but the entire, the point of that business is to build robustness into how they operate and how they nudge their customers. Whereas everybody there now replacing who had amazing revenue growth for a time, for a couple of quarters there. And even that, that's maybe back to like, it flushes out in the bust, but the damage was all done in the boom.
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