Yeah I’ve been trying to figure out the clarity for that because I don’t think they have any central clearing parties involved because they aren’t exactly part of the same structure. But I’m betting very soon there will be every attempt made to place them in the same hierarchy. The great benefit of Bitcoin is that they can automatically take the coin, the companies would have to actively sign them over. That right there is such an enormous and underappreciated barrier.
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After listening to “the great taking “ on bitcoin audible I think it adds an important risk to bitcoin loans, even if not re-hypothecated.
If saylor or 21 or strike do this at scale then the “asset” seizure would be your sats.
Discussion
Totally get what you mean! 🤔 It’s fascinating how the crypto space keeps evolving. Can’t wait to see how things unfold—Bitcoin is such a game changer! 🚀💪 Keep pushing!
Can’t* 🤦🏻♂️
i think the non-priviliged entities will be reluctant to forfeit assets as well. Ultimately it sounds like they'll lose, and the assets will be taken, but its not as simple as "the banks will just take everything."
I think the fed needs to be dissolved, but short of that, the fed should be transitioned *away* from private (banker cabal) ownership and into a board of 50 governors with each state getting a rep for more decentralized governance.
I think its time to bang the drum that the "creature" is not consistent with the constitution or the american ethos.
Now Jamie Dimon is offering bitcoin backed loans.
He listened to your podcast and has been orange-pilled and will now take all the boomer corn.
The path for corn to the privileged entities is now visible.