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#32 - Jeff Booth: Bitcoin is the Answer to a Broken System
Closing the Loop
Bitcoin Debt in a Bitcoin-Denominated World
In a Bitcoin-denominated world, all prices are going to fall forever. That means there will always be an incentive to lever against the system. And if it's usury debt, the person that you're lending to can't pay back. It doesn't matter. The interest rate would be so high, the true value of the interest rate,. because the deflation in the economy, the productivity gains in the economy would be bringing prices down.
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