related posts
237 sats \ 1 reply \ @TheBTCManual 30 Sep 2022
in a debt-based system, there's always going to be someone who wants to redeem when there isn't enough liquidity, and to cover those redemptions, well more debt needs to be created, it sure is quite the clusterfuck
reply
25 sats \ 0 replies \ @0322ee777777 30 Sep 2022
100% endless cycle
reply
25 sats \ 0 replies \ @DeezSats 30 Sep 2022
"So this is not a story about pension funds, it's about banks. The gilt market freeze was creating a cash collateral shortfall for pension funds, and as a result banks were at risk of serious losses on derivatives."
Same reason as 2008
reply
25 sats \ 0 replies \ @HODL 30 Sep 2022
Nice article from the "infinite pizza" lady.
For reference: https://cryptonews.com/news/bitcoin-is-a-ponzi-with-infinite-supply-skeptics-chime-in-8754.htm
reply