Lets say Bitcoin becomes the defacto world currency/bitcoin standard. How would banks/governments/entities lend money out to new companies/industries? I realize we would need to move away from a debt-based economy, but im struggling to see how this would work on a non-inflationary currency where due its non-inflationary properties, becomes more valuable over time.
How would one repay an ever more expensive bitcoin loan?
Tl:dr How would a bitcoin standard work?
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