kane on Nostr: I would encourage you to go back and read the legal docs of Genesis and Grayscale. ...
I would encourage you to go back and read the legal docs of Genesis and Grayscale. The BTC held was not perceived to be an issue the borrow/lend relationships that encumbered it was an issue and did cause problems, specifically when the broader market got tight. This is typical during liquidity events, regardless of the asset class.
Published at
2024-10-18 12:43:39Event JSON
{
"id": "f2988479fa5f539c4615264234094e3bfb785dcad602cd49addac5185c0f55b2",
"pubkey": "8cbda4ca1b48a2e6a40da6191efb0e4c7e782d18a1889fffa420e1d29068acd3",
"created_at": 1729255419,
"kind": 1,
"tags": [
[
"e",
"f67b079b387e131744e68868fe5fd9fdae6c6a73cdbe61a1c9f68cb93d7cef4a",
"",
"root"
],
[
"e",
"d0739d7898473067d7f01f0641f708fad7aa0ac9119e0c435715e0085361949a",
"wss://bostr.bitcointxoko.com",
"reply"
],
[
"p",
"e75960285a603026fbca0ff2f0bed5acf12c1994fa2b00686fd17bd4307dafb8"
]
],
"content": "I would encourage you to go back and read the legal docs of Genesis and Grayscale. The BTC held was not perceived to be an issue the borrow/lend relationships that encumbered it was an issue and did cause problems, specifically when the broader market got tight. This is typical during liquidity events, regardless of the asset class.",
"sig": "82f633a382a76412ac1cd4e3519ed1648b2472977d34748694fcb65cc53f44c38d5fe64d55620feffe5739d0f9e5afb2446f6d7b1ebab5ac95cd51457955febb"
}
