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Stretch is the closest thing to a legit pyramid scheme on public markets ever. It's a plain fiat project, it has nothing to do with Bitcoin. Its 11% fiat money paid out by new investors of fiat buyins.

yes...ish... new fiat investors/buy-ins only do so because there's a large, comfortably unleveraged pile of bitcoin on the other side. So... Not quite, but I take your point.

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