nostr:npub12r0yjt8723ey2r035qtklhmdj90f0j6an7xnan8005jl7z5gw80qat9qrx nostr:npub1e3mx09yq53gyh9368qyuhfstgk8t7p5vvfcnvgwa4994y7rqg37s20qvr5 nostr:npub1yx6pjypd4r7qh2gysjhvjd9l2km6hnm4amdnjyjw3467fy05rf0qfp7kza
Trust me bro
Discussion
Dude responded within 12 hrs, and is updating the language in the TOS. Supposedly today.
Let’s see.
I think we take the transparency of Jack and Strike for granted sometimes. You can tell he's working hard to get things right and address concerns.
If the terms of the loan require transferring collateral to the lender in any arrangement that isn't a multisig where you are a party, then rehypothecation is likely to occur. At best the collateral will be segregated and moved individually and can be observed. At worst it will be mixed into a pool of similar collateral and you won't be made whole when a link in the chain of trust-me-bro fiduciaries goes awry. This isn't new. It's business as usual. Read and understand the terms of contracts before playing the game.
