5min chapter

The Café Bitcoin Podcast cover image

Bitcoin Adoption and News + Manage Large Lightning Operations with Ease with LN_Capital - May 24th, 2023

The Café Bitcoin Podcast

CHAPTER

Bitcoin and the Debt Spirale

The only thing that allows the debt spiral to continue without a full on default is printing money. The last time this happened in 2011, he was in Iraq and saw soldiers trying to figure out which of them were most at risk for not being able to pay their bills. Don Bay: "I always think about the empires when they essentially debased the currency to the point where they could no longer actually pay the troops"

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