Post by Toxic Bitcoiner
The middle section of the pod with Saife was tough to watch. Awkward. Saife was being nice.
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The capstone of Fiat Standard appears to be that Bitcoin eats bonds. He directly refutes Bhatia with that in this clip here.
Saifedean seems to be the lone voice that disagrees. Here at 43:45, slides 26-34, he makes a case for why increased reservation demand for Bitcoin at the expense of reservation demand for bonds has a deflationary impact on fiat supply. Also to note, reduction in fiat demand doesn’t cause hyperinfla
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