Excellent response, clarification and assurance Jack 🫡
My major skepticism when it comes to borrowing using btc collateral on an institutional scale (following Citadel GameStop order flow shenanigans, ie. insider fraudulent alchemy, conveniently swept under the rug 🫤) is:
How will you keep the margin call and liquidation data private? Consider the following…
A. The Bitcoin-backed loan service providers lay the carpet to Bitcoiners that would like a loan;
B. The data of borrowers margin and liquidation price points (the insider information) are known by those behind/connected to the loan service providers;
C. The market makers (backed by unlimited printable fiat controllers) target an optimised $ btc price and set the cascade in motion;
D. More Bitcoin are sold as further liquidation limits are breached, price falls too rapid for borrowers to take action;
E. The cantillionaire class who colluded to pull the rug swoop in for Bitcoin now on sale. Pristine btc collateral of struggling plebs, advised to borrow against rather than sell part on SM, now stolen by the ‘looters’ that control the rigged system;
Very interested to know if this is a valid concern…🤓🫡