I don't get this reference.

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Alex Mashinsky, former CEO of Celsius, famously said that self custody was more risky than using a custodian. He offered yield as a custodian and blew up. He’s now imprisoned for 12 years.

So when there a “cluster” of people all saying things like that and offering custodial yield, I’d call that the “Mashinsky Moment”, which could be used instead of the Minsky Moment. https://en.m.wikipedia.org/wiki/Minsky_moment

😂

TIL. 🤝