I’m hoping your new book addresses the paradigm shift required?

I was writing about Bitcoin vs Real Estate the other day. Real Estate being my background and I was musing over if the ‘relatively non volatile’ high ratio, loan to equity, leverage currently available on realestate has a place in a Bitcoinised world? 

Leaning on the idea that credit is time travelling resources. The borrower moves potential resources from the future into the present and the lender, forgoes resources in the present for an expected increase of resources in the future. Or banked past labour is exchanged for promised future labour in excess of current banked labour. 

I believe the conclusion I landed on to be  correct. I concluded that we will need to shift our paradigm from our current debt based paradigm, that fiat money has created, back to my grandfather’s paradigm that debt to purchase a stagnant asset, such as a house, is going to be bad debt.   Buying a house (particularly for utility purpose) with debt will be an exceptionally bad idea. On a Bitcoin standard, Bitcoin wages should decrease in # of Satoshis over time whilst simultaneously your lower # of Satoshis will buy you more stuff.  Thus any fixed debt on a house will get further and further out of our reach over time. Thus for these types of purchases both for assets that hold value across time, such as a house, or lose value over time, such as a car, we will need to save the full amount in advance before purchase. “Never a lender or borrower be” 

The only debt that will make sense on a Bitcoin standard is debt against a business/asset that will outperform the natural incremental or exponential global increases in GPD from improved efficiencies due to technological improvements. 

It’s a massive paradigm shift but I’m enjoying the cognitive dissonance this has forced upon me. Plus having a background in psychology and being a student of human motivation I’m excited to watch the cultural change this forced shift to financial prudence creates. 

I can’t imagine a more exciting time to be alive. 

On a person note, thank you for all the value you add Jeff. You have been a calming energy of reason amidst all the shilling and anarchy.