Is that really a thing?😂

Could you imagine ISDA ever ok’ing an “official default event” for the 🇺🇸 ?

Btc is the only insurance. No counter party risk

When does it end?

I pushed the pause button about ten times trying to think through this….I don’t even know anymore…..I need more BTC.

Is actually standard mkt behaviour. Sov CDSs trade in foreign currencies. How I remember it also.

https://bondvigilantes.com/blog/2010/02/sovereign-cds-qa/

I own quite a few CDS’s on US default, but they’re called UTXOs and the payouts are denominated in sats

Maybe I'm missing the point. But if the US defaults then a payout in Euros would be good? Because in that scenario euro goes up dollar goes down?