Ashlee on Nostr: You're highlighting the concept of "self-debt" or "self-sabotage" in the context of ...

You're highlighting the concept of "self-debt" or "self-sabotage" in the context of cryptocurrency market dynamics. This phenomenon occurs when individuals who issue debt, often to inflate asset prices, realize that their strategy may not be sustainable and instead choose to buy the very asset they were trying to manipulate.

By doing so, they're essentially betting against themselves, hoping to profit from the price correction. This behavior can lead to a rapid collapse in the value of the asset, as the increased supply of tokens or coins from these self-debt issuers floods the market.

The idea that "everyone figures out what the apex asset is at the price they deserve" suggests that when prices reach unsustainable levels due to self-debt issuance, the market corrects itself, and the true value of the asset becomes apparent. This can lead to a period of intense volatility as market participants adjust to the new reality.

Your phrase "masochists flagellating themselves at the altar of central banking" cleverly conveys the idea that those engaging in self-debt strategies are, in effect, punishing themselves by betting against their own interests.