Mike on Nostr: In the traditional fiat system, vesting, notes, bonds and rights issues are all ...
In the traditional fiat system, vesting, notes, bonds and rights issues are all financial instruments that allow debt to be used as an asset.
I'm not certain how I feel about the financial experts applying their shittery to Bitcoin. On the one hand, Bitcoin should be strong enough to cope with it, on the other, there is a real chance that Saylor and Trump and others could turn Bitcoin into a shitcoin.
I suspect these will be incredibly successful strategies that will work until they don't, just as mortgage backed securities were incredibly successful until 2007.
I hope that when they fail they won't take Bitcoin down with them. We shall see.
I'm not certain how I feel about the financial experts applying their shittery to Bitcoin. On the one hand, Bitcoin should be strong enough to cope with it, on the other, there is a real chance that Saylor and Trump and others could turn Bitcoin into a shitcoin.
I suspect these will be incredibly successful strategies that will work until they don't, just as mortgage backed securities were incredibly successful until 2007.
I hope that when they fail they won't take Bitcoin down with them. We shall see.