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69 sats \ 3 replies \ @grayruby 15 Dec \ parent \ on: Dodger Broke Baseball: Win now, pay later: Dodgers' obligations pass $1B Stacker_Sports
It is a bet against the fiat melting ice cube. You can do this with a fixed supply money but you don't get the benefit of the time arbitrage. You will just be stealing from the future to win now.
Exactly. Dodgers are being smart. Everything since 2008 seems to teach us that the optimal strategy is to YOLO everything into becoming too big to fail, then when the bill comes due, get a bailout from those whom your failure will negatively effect. MLB will bail out the dodgers in the coming years, don't worry.
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With BTC deferral the team could actually go under if they can't raise the BTC to meet their obligations, and BTC wouldn't be so easy to borrow as fiat whose supply is constantly expanding.
I guess current owners could indeed dump that on future owners, but under a BTC standard, that level of future obligation will significantly depreciate the value of the team. The current owner won't be able to sell the team to a future owner, or would have to sell it at a steep discount.
Maybe they don't care and just want to win a championship now. Then, that's the owners prerogative I suppose.
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