It's funny because it's true, and because the collateral is also debt.
"Our debts are collateralized by assets, which are someone else's debt, and those debt-assets went down in price a lot relative ...
Layers upon layers of corruption and manipulation…why waste time untangling it? I like his quote:
The reason I'm in BTC is that I have no clue what's going on in fiat but I know exactly what's going on in Bitcoin. - j lopp
The reason I'm in BTC is that I have no clue what's going on in fiat but I know exactly what's going on in Bitcoin. - j lopp
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