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@ Jeff Booth
2025-04-24 17:34:12
I do not believe so. The pace of innovation likely speeds up a lot since all of the misallocated capital, centralization and waste is removed - unleashing billions of new minds to create value for all of us.
Many people falsely believe that debt is required for the entrepreneurial process while most funding for new ideas comes from equity because new models don’t have metrics (that would allow debt) until they build value for users (ie - equity is placing a bet alongside an entrepreneur on the future value that they are creating for users and if that creates enduring revenue/profits)