Replying to Avatar Lyn Alden

It's funny because it's true, and because the collateral is also debt.

"Our debts are collateralized by assets, which are someone else's debt, and those debt-assets went down in price a lot relative to our debt."
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Des Imoto マキシ 2y ago

Layers upon layers of corruption and manipulation…why waste time untangling it? I like his quote:

The reason I'm in BTC is that I have no clue what's going on in fiat but I know exactly what's going on in Bitcoin. - j lopp

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Byzantine 2y ago

agreed.

but if you want to know about history and the current system this is how it works.