They’re all buying IOUs

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I mean, I keep saying that almost every other post of mine is sailors buying ious. but just thinking about it, you know hahaha

It’s concerning because what would happen to the price if coinbase imploded? This is a lot more money than ftx

If something like that is gonna happen to coinbase, I think coinbase has a couple more cycles to go because they are huge. Or they can get Brian on bullshit fraud charges take control of counbase and boom they all more fucked

Yeah I can see feds stepping in and bailing them out but still that’s bad news I think overall. It is concerning but it’s also inevitable when you play these games.

I want Coinbase to explode so fucking bad

Imagine the cheap sats