clr on Nostr: So what happens when there is a correction in the price? How is he going to pay? ...
So what happens when there is a correction in the price? How is he going to pay? Because MS shares will drop and lenders will demand their principal back rather than MS shares.
If you want to play fiat games you have to abide by the fiat rules. One of them is that markets can stay irrational longer than you can stay solvent (here, "irrational" means bitcoin correcting). Or do saylorites believe that the fiat bosses will just watch and do nothing while their system gets destroyed by a single dude? That looks too naïve to me.
And MS's bitcoin is not spread. Only the MS's shares are spread. You are assuming that the rule of law will hold. If it does, we don't need bitcoin in the first place. If it doesn't, MS will be intervened/nationalized when it crashes.
If you want to play fiat games you have to abide by the fiat rules. One of them is that markets can stay irrational longer than you can stay solvent (here, "irrational" means bitcoin correcting). Or do saylorites believe that the fiat bosses will just watch and do nothing while their system gets destroyed by a single dude? That looks too naïve to me.
And MS's bitcoin is not spread. Only the MS's shares are spread. You are assuming that the rule of law will hold. If it does, we don't need bitcoin in the first place. If it doesn't, MS will be intervened/nationalized when it crashes.