Michael Saylor:

– American
– Entrepreneur
– Executive chairman of MicroStrategy
– Prominent advocate of Bitcoin
– Accumulated billions of dollars worth of Bitcoin

Saifedean Ammous:

– Palestinian
– Economist
– Professor
– Author
– Wrote the following books:

– The Bitcoin Standard: The Decentralized Alternative to Central Banking

– The Fiat Standard: The Debt Slavery Alternative to Human Civilization

– Principles of Economics

On a recent episode of “The Bitcoin Standard Podcast,” Michael Saylor and Saifedean Ammous had a lively debate about whether it’s a good idea to earn interest on Bitcoin. Saylor sees a future where Bitcoin becomes digital capital within a solid financial system, allowing people to earn returns through a ‘’safe’’ and regulated class of digital banks. He compares it to how sound money in the past generated interest yield through lending and believes that once Bitcoin’s value reaches trillions, banks should be able to manage Bitcoin loans and credit to ‘’support’’ the economy.

Saifedean, however, is skeptical, questioning whether Bitcoin’s fixed supply and lack of a central authority acting as a lender of last resort can support a sustainable, low-risk interest yield model. He warns that without the ability to print riba money like fiat institutions currently do, then attempts to generate yield on Bitcoin will carry too much risk and could lead to failures similar to those seen recently with Celsius and BlockFi. Saifedean views Bitcoin primarily as a hedge against uncertainty, emphasizing savings and asset accumulation over interest yield generation. He favours the more ethical model of equity-based financing, where the lender and the borrower share both the risks and rewards of a business venture.

– @saifedean

– @saylor

youtube.com/watch?v=k7XhzX…