Replying to Avatar mike

nostr:npub1heqkxm37d5h7n8sx2gqdez5sxnu39qrylhxnnd66dxpu4e2ufyysdkkx28 dangerous rehypothecation incoming into the UK

What a condescending language hidden in their text!

Though I didn’t quite grasp their rehypothecation process. It’s gonna be through issuing paper crypto assets?

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What you're saying is they're trying to fiatize crypto 🤣🤣🤣

I'll take "these dumb fucks will never get it" for 1000, Alex.

Some of us are dumb f**ks

Poor bastard.

They're celebrating on X 🥹

I posted the ETN summary, I can do no more 🥹

There’s me thinking they might be the UK’s equivalent of ETFs 🙄 But no, literally backed by nothing.

YES

In clearer terms, ETNs are backed by nothing!

Exchange Traded Nothing!

Yes, this 👆

YES